On June 8, China Hongqiao fell 5.2% in regular trading, trading at HK$25.58/share, with trading volume of HK$811 million. The aluminum sector experienced broad-based selling pressure, with peers CHALCO down 5.67%, Chuangxin Industrial down 4.53%, Nanshan Aluminium International down 3.86%, and RUSAL down 3.39%.

The decline extends a recent downtrend fueled by multiple headwinds. On June 2, the company announced that the conversion price of its US$300 million 1.50% convertible bonds due 2030 was lowered from HK$19.36 to HK$18.44 per share, effective June 3, following a dividend declaration. If fully converted, the bonds could result in the issuance of up to 126.4 million new shares, intensifying market concerns over equity dilution. Additionally, the company's HK$3.079 billion buyback program has been fully executed, removing a key source of sustained buying support.

Southbound capital flows have further amplified selling pressure. On June 4 alone, southbound funds net sold approximately HK$581 million of China Hongqiao, with cumulative net reduction of over 30 million shares over the preceding five trading days, indicating persistent institutional outflows.

(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.)