Movement Alert|NEXCHIP Rises 3.43% in Regular Trading, Semiconductor Sector Rebounds as Over-Allotment Shares Absorbed Smoothly

Market Focus
Aug 12

On August 12, NEXCHIP rose 3.43% in regular trading, trading at 33.14 HKD/share, with turnover of approximately HKD 3.35 million.

On the news front, the semiconductor sector staged a collective rebound, with HUA HONG GRACE up 1.88%, SMIC up 1.53%, GIGADEVICE up 2.55%, and MONTAGE TECH up 2.59%, providing systemic upward momentum. Meanwhile, the company's over-allotment of 10,886,900 H shares, which listed on August 11, immediately traded above the issue price of 32.30 HKD, signaling smooth market absorption of the new supply. The stock had previously declined 3.05% on August 10 amid concerns over dilution pressure. Additionally, NEXCHIP was included in Stock Connect on August 7, with GIC increasing its stake to 5.30% and Huaqin Technology raising its combined holding to 11.03%, providing sustained capital-side support.

(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.)

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