On October 7, LONGSYS fell 3.08% in regular trading, with shares retreating to HK$198.3 after a prior rally fueled by its upcoming inclusion in the Southbound Stock Connect program. The stock had climbed over 3% in recent sessions on news that it would be added to the eligible securities list effective October 8, a move widely expected to broaden its investor base and improve liquidity.

The pullback reflects classic profit-taking as the inclusion catalyst approaches maturity, with investors locking in gains ahead of the effective date. Supporting the upbeat storage-sector backdrop, Micron Technology reported fiscal fourth-quarter revenue of US$54.229 billion, up 379% year-over-year and above consensus, with the CEO projecting significantly tighter supply-demand conditions through 2027 and 2028. Nonetheless, the near-term technical adjustment overshadowed the positive industry fundamentals, resulting in intraday selling pressure.

Additionally, LONGSYS recently completed an RMB800 million share buyback program, repurchasing approximately 2.29 million A-shares for employee incentive purposes, underscoring management confidence in long-term value creation amid the AI-driven memory upcycle.

(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.)