On July 24, SMIC rose 3.53% in regular trading, trading at 73.1 HKD/share, with turnover of HKD 1.629 billion. The stock rebounded following two consecutive sessions of decline that had accumulated a drop exceeding 6%, with technical recovery demand emerging after profit-taking pressure was released.

On the news front, concentrated disclosure of public fund Q2 reports revealed that active equity funds significantly increased their SMIC holdings by 244 million shares. Notably, Zhang Kun's E Fund Blue Chip Select established a position in the company for the first time in its history, while other prominent fund managers also substantially added to their positions. This concentrated institutional allocation provided meaningful support to market confidence.

Within the Semiconductors sector, peers also showed strength, with Montage Tech up 4.87%, Iluvatar CoreX up 4.23%, and Hua Hong Grace up 2.68%, indicating broad sector stabilization. The mid-term industry logic of wafer foundry price hike expectations and AI computing demand remains intact, with market capital re-entering after the consecutive correction.

(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.)