On September 29, LIGENT fell 5.07% in regular trading, trading at 32.06 HKD/share, with turnover of 435 million HKD. The stock has now slipped below its IPO price of 32.96 HKD after listing on the HKEX on September 22. Since reaching an all-time high of 39.86 HKD on September 24, the shares have retreated sharply over consecutive sessions.

Within the Electronic Components sector where LIGENT belongs, the overall sector trended higher. Among individual stocks, KINWONG up 7.11%, DELTON up 6.64%, KINGBOARD HLDG up 4.25%, VGT up 4.07%, KB LAMINATES up 3.15%.

LIGENT is a leading optical communication and optical connectivity product supplier engaged in the R&D, manufacturing, and sales of optical transceivers, optical chips, and optical network terminals. Its products are primarily used in AI, cloud computing, FTTx, transmission network, and wireless application fields. The company ranks fifth globally and third in China among professional optical transceiver manufacturers by revenue.

(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.)