Tiger Brokers

Movement Alert｜GWMOTOR Falls 3.09% in Regular Trading, Sector Under Pressure after Gloomy September Sales and BlackRock Stake Reduction

Market Focus
Oct 08

On October 8, GWMOTOR fell 3.09% in regular trading, trading at HK$6.9 per share, with Turnover of HK$92.2875 million.

The decline came after the company reported September sales of 114,944 units, down approximately 14% year-over-year, with quarterly output falling about 10% to 121,098 units. BlackRock also reduced its long position in GWMOTOR's H shares to 10.97% through an off-market transaction involving non-cash assets, unwinding a share guarantee interest, which added to negative investor sentiment.

Within the Automobile Manufacturers sector, BYD COMPANY fell 2.21%, GEELY AUTO fell 2.67%, XPENG-W fell 1.58%, LI AUTO-W fell 1.43%, and LEAPMOTOR fell 3.08%. The broader sector remained weak on concerns over export growth normalization and internal demand uncertainty.

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