On September 28, CCTC fell 3.23% in regular trading, trading at 125.1 HKD/share, with turnover of approximately 12.49 million HKD. The decline comes amid a confluence of institutional and shareholder selling pressure.
According to HKEX filings, JPMorgan Chase reduced its H-share holdings by 84,900 shares on September 21 at approximately 141.18 HKD per share, lowering its long position from 10.02% to 9.99%. Concurrently, Huafeng Shares announced that its wholly-owned subsidiary Huafeng International has already sold 420,900 CCTC shares via the secondary market and intends to dispose of the remaining holdings of up to 360,400 shares, effectively a full clearance of its H-share position.
The stock had surged to a record high of 152.70 HKD on September 21, driven by MLCC price tailwinds fueled by AI demand and structural supply shortages. However, selling pressure has intensified notably in recent sessions, with A-share main capital recording a net outflow of 753 million yuan on September 24. The broader Electronic Components sector is also under pressure, with peers including KB Laminates down 4.69%, Kingboard Holdings down 3.78%, and Luxshare ICT down 3.30%.
(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.)