Movement Alert｜MINIMAX-W Falls 3.48% in Regular Trading, Systems Software Sector Under Broad Pressure

Market Focus

Aug 18

On August 18, MINIMAX-W declined 3.48% in regular trading, trading at 322.0 HKD/share, with turnover of 3.75 billion HKD.

The decline comes as the broader Systems Software sector faces selling pressure. The stock had rebounded 3.59% on August 17 in what was characterized as a technical recovery following a sharp 11%-plus drop on August 14, when large-model concept stocks experienced a sector-wide selloff. The current weakness suggests the prior bounce lacked sustained momentum. Market reports noted the large-model sector exhibited a clear rally-then-pullback pattern over the past week, with MINIMAX-W dropping nearly 13% on August 14 alone amid heavy turnover.

Within the Systems Software sector, Z.AI fell 5.24%, WENGE AI fell 4.92%, DEEPEXI TECH fell 2.15%, HAIZHI TECH GP fell 1.15%, and EXTREME VISION fell 0.05%.

(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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