Movement Alert｜XIAOMI-W Falls 3.16% in Regular Trading, Profit-Taking After Car Orders Boost

Market Focus

Yesterday

On October 12, XIAOMI-W fell 3.16% in regular trading, trading at 25.16 HKD/share, with Turnover of 11.45 billion HKD.

The decline comes after a period of gains fueled by strong car orders, with the company's Pengcheng car series surpassing 70,000 locked-in orders within its first month of sales. This positive catalyst had previously driven a sharp rally, but the stock now faces profit-taking pressure. Notably, southbound funds showed net selling of XIAOMI-W on the same day, indicating a clear intention among short-term investors to realize gains.

XIAOMI-W is an investment holding company primarily engaged in the research, development, and sales of smartphones, IoT and lifestyle consumer products, and is also involved in innovative businesses such as smart electric vehicles.

(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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