Zhongji Innolight stock in focus: 300308.SZ slides 5.8% as block trade hits and Hong Kong vote nears
Zhongji Innolight A-shares fell 5.8% to 585 yuan in Shenzhen on Friday, reversing a sharp rally, as a 43,900-share block trade worth 25.69 million yuan crossed the market. Mutual funds held 78.4 billion yuan in Zhongji at year-end, making it one of the most-owned stocks. The drop came as funds rotated out of CPO stocks. Zhongji denied rumors linking it to a related-party stake buy in Tongyuan Environment.