Movement Alert|Dongfang Electric Falls 3.63% in Regular Trading, Large Block Transfer and Continued Foreign Institutional Selling Extend Deep Correction

Market Focus
Jun 26

On June 26, Dongfang Electric fell 3.63% in regular trading, trading at 21.54 HKD/share, with turnover of 30.64 million HKD.

On the news front, on June 24 the company saw a significant block transfer, with 11.78 million shares transferred out of Citibank and 12.41 million shares transferred into Merrill Lynch Far East Limited, representing a total transfer value of approximately 371 million HKD, or 3.77% of shares outstanding. Foreign institution Artemis previously reduced its stake through consecutive disposals — selling 3.748 million shares on June 11 and another 2.218 million shares on June 15 — bringing its holding from 7.58% to 5.78%. Southbound capital also net sold 6.976 million shares over the past 20 trading days, maintaining persistent selling pressure. The stock has now declined over 40% from its May high of 41.14 HKD.

Within the Heavy Electrical Equipment sector, Harbin Electric fell 3.33%, Shanghai Electric fell 2.92%, Guoxia Tech fell 3.27%, while Goldwind rose 1.86%, indicating broad sector weakness.

(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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