Movement Alert｜MONTAGE TECH Falls 6.89% in Regular Trading, Storage Sector Under Pressure as CXMT Listing Triggers Profit-Taking

Market Focus

Jul 28

On July 28, MONTAGE TECH fell 6.89% in regular trading, trading at 302.4 HKD/share, with turnover of HKD 152 million. The decline was driven by broad selling pressure across storage concept stocks following the landmark listing of ChangXin Memory Technologies (CXMT) on the STAR Market.

CXMT officially debuted on July 27, recording a staggering first-day turnover of RMB 122.1 billion, making it the first A-share stock to exceed RMB 100 billion in single-day trading volume. Its market capitalization briefly surpassed that of ICBC to become the largest A-share by total market value. The market has interpreted this event as a classic sell-the-news moment for the storage sector, with profit-taking sentiment spreading rapidly across related names for two consecutive trading days.

Within the Semiconductors sector, storage concept stocks bore the brunt of selling. Among individual stocks, GIGADEVICE fell 8.79%, ILUVATAR COREX fell 4.61%, BIREN TECH fell 3.39%, while SMIC rose 2.55% and HUA HONG GRACE rose 1.14%. Leveraged products also saw steep declines, with Southern 2x Long SK Hynix falling over 25% and Southern 2x Long Samsung dropping over 20%.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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The decline was driven by broad selling pressure across storage concept stocks following the landmark listing of ChangXin Memory Technologies (CXMT) on the STAR Market.</p><p>CXMT officially debuted on July 27, recording a staggering first-day turnover of RMB 122.1 billion, making it the first A-share stock to exceed RMB 100 billion in single-day trading volume. Its market capitalization briefly surpassed that of ICBC to become the largest A-share by total market value. The market has interpreted this event as a classic sell-the-news moment for the storage sector, with profit-taking sentiment spreading rapidly across related names for two consecutive trading days.</p><p>Within the Semiconductors sector, storage concept stocks bore the brunt of selling. Among individual stocks, GIGADEVICE fell 8.79%, ILUVATAR COREX fell 4.61%, BIREN TECH fell 3.39%, while SMIC rose 2.55% and HUA HONG GRACE rose 1.14%. 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It does not constitute investment advice or a basis for trading decisions.)</p></p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"06809","symbol_name":"澜起科技","start_time":0,"source_url":"","article_id":"1109227791","we_media_id":"1054767329","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1109227791","pubTimestamp":1785202602,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Market Focus","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1054767329","head_image":"https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a"},"summary":"On July 28, MONTAGE TECH fell 6.89% in regular trading, trading at 302.4 HKD/share, with turnover of HKD 152 million. 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The market has interpreted this event as a classic sell-the-news moment for the storage sector, with profit-taking sentiment spreading rapidly across related names for two consecutive trading days.Within the Semiconductors sector, storage concept stocks bore the brunt of selling. Among individual stocks, GIGADEVICE fell 8.79%, ILUVATAR COREX fell 4.61%, BIREN TECH fell 3.39%, while SMIC rose 2.55% and HUA HONG GRACE rose 1.14%. Leveraged products also saw steep declines, with Southern 2x Long SK Hynix falling over 25% and Southern 2x Long Samsung dropping over 20%.(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. 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