On September 29, CREALIGHTS (01191.HK) fell 5.99% in regular trading, trading at 134.1 HKD/share, with turnover of 119 million HKD. The stock has now declined for multiple sessions, retreating from highs near 170 HKD reached in late September.

The pullback follows a dramatic rally after the company was formally added to the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programs on September 7, during which the stock surged over 60% from approximately 105 HKD. Multiple catalysts fueled the prior run-up, including the company showcasing its fully self-developed silicon photonics 1.6T optical transceiver module and 6.4T NPO at the 27th China International Optoelectronic Exposition, a strategic partnership with GlobalFoundries to accelerate next-generation AI silicon photonics interconnect commercialization, and management guidance indicating orders are fully booked through the end of 2027 with 1.6T modules beginning shipment to overseas leading AI infrastructure customers in the second half. Southbound capital had accumulated a 4.19% stake following the Stock Connect inclusion.

Within the Electronic Components sector, performance diverged, with KINWONG up 8.04%, KINGBOARD HLDG up 4.34%, KB LAMINATES up 3.62%, VGT up 3.66%, and LIGENT down 2.45%.

(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.)