On August 10, MININGLAMP-W rose 5.43% in regular trading, trading at 46.36 HKD/share, with turnover of approximately 46.57 million HKD. The stock appears to be staging a technical recovery following several sessions of heavy selling pressure.
The rebound comes after the stock suffered steep declines triggered by the July 31 unlock of approximately 124 million shares representing over 85% of total share capital, corresponding to an unlock market value of around 31.9 billion HKD. Additionally, the company's announcement of an 859 million yuan acquisition of a 19.07% stake in A-share listed Pansoft, coupled with the reallocation of 450 million yuan in IPO proceeds from R&D to M&A purposes, had drawn sustained negative market reaction. The stock had fallen over 60% from its IPO price of 141 HKD.
Within the Application Software sector, broader AI-related stocks traded positively, with Horizon Robot-W up 2.1%, SenseTime-W up 0.68%, and Marketingforce up 1.91%, suggesting sector-wide supportive sentiment.
(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.)