On July 23, HUA HONG GRACE declined 3.72% in regular trading, trading at 158.2 HKD/share, with turnover of HKD 440 million.

The decline represents a continuation of profit-taking pressure following a sharp rally on July 21, when the A-share hit the daily limit (+20%) and the Hong Kong-listed shares surged nearly 18%. However, data from that session revealed clear institutional distribution, with institutions net selling RMB 324 million and Shanghai-Hong Kong Stock Connect net selling RMB 98.2 million. Short-position capital inflows have also increased notably in recent sessions, reflecting cautious sentiment among market participants regarding near-term prospects.

Following the rapid price appreciation that accumulated significant unrealized gains, selling pressure has persisted across consecutive sessions. On July 22, the Hong Kong-listed shares already fell over 5%, and the current session extends that corrective pattern. The stock had previously benefited from regulatory approval for its share-based acquisition of Hua Li Micro 97.5% equity stake and Goldman Sachs raising its target price to HKD 333.

(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.)