Movement Alert|LUXSHARE ICT Rises 4.22% in Regular Trading, Electronic Components Sector Stages Strong Rebound After Two-Day Selloff

Market Focus
Jul 31

On July 31, LUXSHARE ICT rose 4.22% in regular trading, trading at HK$59.45/share, with turnover of HK$10.64 million. The stock rebounded sharply after the electronic components sector, which had been under pressure for two consecutive sessions, staged a broad-based recovery.

On the news front, sector peers rallied strongly, with KB Laminates surging 19.29%, CCTC up 15.63%, VGT up 11.94%, and KINGBOARD HLDG gaining 11.33%, signaling a significant improvement in industry sentiment. On the fundamental side, BOCI previously initiated coverage on LUXSHARE ICT H-shares with a Buy rating and a target price of HK$78.3, implying substantial upside from current levels. Additionally, mid-year fund disclosures revealed that prominent fund manager Xie Zhiyu of Xingquan Fund added LUXSHARE ICT as the top holding of Xingquan Herun with a 7.92% portfolio weight, while Ruiyuan Fund's Fu Pengbo also increased positions, with combined institutional holdings valued at approximately RMB 11.6 billion.

(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.)

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