Movement Alert｜Xunce Falls 5.22% in Regular Trading, Profit-Taking on 10x Rally Intensifies as Cornerstone Unlock Looms

Market Focus

Jun 25

On June 25, Xunce (03317.HK) fell 5.22% in regular trading, trading at 111.0 HKD/share, with turnover of approximately 92.12 million HKD.

On the news front, the stock had previously surged nearly tenfold from 38 HKD to 380 HKD over roughly 120 trading days, triggering sustained profit-taking since late May. The share price has now retraced over 70% from its peak. More critically, approximately 6.41 million shares held by IPO cornerstone investors are scheduled to unlock on June 29, just two trading days away, further intensifying near-term selling pressure expectations.

Within the IT Consulting and Other Services sector, the overall tone remains weak. Among peers, CHINASOFT INT'L fell 4.26%, WELLCELL H-NEW fell 2.78%, VOICECOMM fell 3.73%, LX TECHNOLOGY gained 0.16%, and MICROWARE gained 4.62%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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