On September 29, ILUVATAR COREX rose 3.57% in regular trading, trading at 111.9 HKD/share, with turnover of approximately 65.77 million HKD. The stock staged a technical rebound following consecutive sessions of decline since its capitalization share issuance, with the broader semiconductor sector also stabilizing.

The company completed a capitalization issue on September 22, distributing two new shares for every one existing share, expanding total issued shares to approximately 808 million. Since the new shares began trading on September 23, the stock had pulled back continuously under short-term supply pressure, touching an intraday low of 108.3 HKD on September 28. The significant cumulative adjustment triggered an oversold rebound. Notably, southbound capital sharply increased positions last week, with holdings surging 217.19% week-over-week, ranking first among Stock Connect-eligible names, signaling strong buying interest.

Within the Semiconductors sector, the overall tone was constructive. Among individual stocks, GIGADEVICE up 0.8%, HUA HONG GRACE up 0.66%, MONTAGE TECH up 0.56%, SMIC up 0.49%, INNOSCIENCE up 0.43%, providing sector-wide recovery momentum.

(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.)