On September 28, CICC fell 3.02% in regular trading, trading at HK$19.25/share, with turnover of HK$93.67 million, extending a multi-session decline following the completion of its landmark three-way merger.

On the news front, CICC's absorption merger of Dongxing Securities and Cinda Securities has entered its final stage, with dissenting shareholders' appraisal rights settlement fully completed and both targets' voluntary A-share delisting applications accepted by the Shanghai Stock Exchange. However, the stock has declined persistently since the merger catalyst materialized. Compounding selling pressure, Citigroup reduced its H-share long position from 6.32% to 5.99%, while JPMorgan previously sold over 61.44 million shares at an average price of HK$20.05, cutting its long position to 2.56%. The successive foreign institutional exits have intensified downward momentum.

Within the Investment Banking & Brokerage sector, the broader group traded lower amid pre-holiday caution. Among peers, CITIC SEC fell 0.9%, CGS fell 1.58%, GTHT fell 1.39%, GF SEC fell 1.53%, and CAM CSI300 fell 3.61%.

(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.)