On June 16, Sigen Energy fell 3.17% in regular trading, trading at 361.0 HKD/share, with turnover of 4.4644 million HKD. The decline erased the previous session's 3.06% rebound driven by sector recovery, indicating persistent selling pressure from newly listed shares.

On the news front, the company previously exercised its over-allotment option in full, issuing 2.036 million H shares at 324.20 HKD/share, expanding total issued share capital to 141,768,341 shares. The price stabilization period concluded on May 13, after which underwriters ceased providing price support. The newly added float continues to weigh on the stock as the market digests the incremental supply. The quick reversal of the prior day's gains suggests selling pressure has not been fully absorbed, with holders of the over-allotment shares still distributing positions above the 324.20 HKD issuance 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.)