Movement Alert|ILUVATAR COREX Rises 3.84% in Regular Trading, Semiconductor Sector Extends Rebound After Two-Day Selloff

Market Focus
Aug 13

On August 13, ILUVATAR COREX rose 3.84% in regular trading, trading at 431.0 HKD/share, with turnover of 65.28 million HKD.

On the news front, the semiconductor sector continued its rebound following a collective sharp selloff on August 10 and 11. Within the sector, Montage Tech rose 4.59%, Hua Hong Grace rose 3.92%, GigaDevice rose 4.08%, SMIC rose 3.04%, and Biren Tech rose 1.69%, with strong sector-wide linkage effects.

The company had previously been under sustained pressure after completing a roughly 15% discounted placement of approximately 7.03 billion HKD in mid-July, issuing 14.857 million new H shares at 476 HKD per share. This supply-side overhang, combined with approaching third-quarter cornerstone investor lock-up expiry, weighed on the stock, which had pulled back significantly from its highs before the current technical rebound.

(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.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10