On October 2, PICC P&C fell 4.97% at open, trading at HK$15.8 per share, with turnover of approximately HK$20.05 million. The decline came after disclosure that JPMorgan Chase sold approximately 3.2825 million shares of PICC P&C via over-the-counter transaction on September 22, at an average price of HK$16.9184 per share, totaling approximately HK$55.53 million.

Following the disposal, JPMorgan's long position in PICC P&C decreased from 8.02% to 7.97%, representing approximately 550 million shares. Its short position also edged down from 0.50% to 0.46%. Notably, JPMorgan had just acquired roughly 2.9825 million shares on September 14 at an average price of approximately HK$16.99, raising its stake from 7.97% to 8.01%. The rapid reversal from accumulation to disposal within just eight days highlights institutional ambivalence toward the stock at current valuation levels.

Within the Property & Casualty Insurance sector, PICC GROUP declined 1.52%, while MIN XIN HOLD was flat at 0%.

(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.)