On July 3, MINIMAX-WP rose 3.03% in regular trading, trading at 374.2 HKD/share, with turnover of HKD 109 million. The rebound follows a nearly 15% plunge in the previous session that pushed the stock to a three-month low.

On the news front, competitor Anthropic's newly released Claude Sonnet 5 drew widespread criticism from users, who noted it underperformed both Qwen and MiniMax in coding capabilities, indirectly validating MiniMax's technical competitiveness. Meanwhile, the broader Systems Software sector saw a recovery, with peer Zhipu surging over 15%, lifting overall sentiment across AI names.

However, market participants remain cautious as the company faces approximately 146 million shares unlocking on July 9, representing 63% of total share capital. With the current free float at only about 5%, the impending supply surge remains a key medium-term overhang on the stock.

(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.)