On July 23, LUXSHARE ICT rose 3.27% in regular trading, trading at 58.5 HKD/share, with turnover of 49.29 million HKD. The rally was driven by Goldman Sachs' continued share accumulation and a prominent fund manager's heavy allocation to the stock.

According to the latest equity disclosure from the Hong Kong Stock Exchange, Goldman Sachs Group added 2.7543 million shares of LUXSHARE ICT on July 17 at approximately 56.15 HKD per share, totaling about 155 million HKD, raising its stake to 16.68%. This follows a prior purchase of 2.4 million shares on July 15 at approximately 62.88 HKD per share. Meanwhile, Xie Zhiyu's Xingquan Herun fund disclosed in its latest mid-year report that LUXSHARE ICT is its top holding, representing 7.92% of net asset value.

The convergence of consecutive accumulation by an international investment bank and heavy positioning by a star fund manager has effectively alleviated bearish sentiment surrounding the stock's persistent discount to its 63.28 HKD IPO price since its July 9 Hong Kong listing, providing meaningful support to the share price.

(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.)