On June 23, Dongfang Electric fell 3.01% in regular trading, trading at 24.38 HKD/share, with turnover of approximately 11.03 million HKD, as persistent institutional selling continued to weigh on the stock.

On the news front, foreign institution Artemis Investment Management LLP carried out consecutive stake reductions — selling 3.748 million shares on June 11 and a further 2.2184 million shares on June 15 at approximately 26.86 HKD per share — reducing its holding from 7.58% to 5.78%. Meanwhile, southbound capital recorded cumulative net selling of 6.9758 million shares over the past 20 trading days, sustaining capital outflow pressure. Although Goldman Sachs added 1.5474 million shares at around 25.03 HKD earlier this month, the move failed to reverse the downtrend.

The stock has now declined over 40% from its May 18 high of 41.14 HKD, significantly underperforming sector peers. Within the Heavy Electrical Equipment sector, Harbin Electric rose 1.19%, Guoxia Tech gained 0.59%, while Goldwind fell 0.57%, Shanghai Electric declined 0.52%, and Dajin dropped 1.87%.

(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.)