On May 29, Novosense Micro (02676.HK) fell 5.05% in regular trading, trading at HKD 220.2/share, with trading volume of HKD 40.64 million. The decline was driven by the completion of a shareholder reduction plan coupled with a broad semiconductor sector retreat.

According to company announcements on May 28, shareholders Guorun Ruiqi and Huiyue Chengzhang collectively reduced their holdings by approximately 2.2171 million shares, representing 1.3634% of total share capital. Guorun Ruiqi sold 590,910 shares via centralized bidding and block trades at prices ranging from RMB 150.00 to RMB 220.20 per share, while Huiyue Chengzhang sold approximately 1.6262 million shares via centralized bidding. During the reduction period from February 4 to May 27, the stock price surged 49.15%, creating significant profit-taking pressure.

Meanwhile, the semiconductor sector faced broad selling pressure, with Montage Technology down 8.28%, GigaDevice down 5.44%, and Hua Hong Semiconductor down 1.71%, amplifying downward momentum through sector correlation effects.

(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.)