During the regular trading session on October 22, the optical communication sector experienced broad-based weakness, with all mainstream stocks declining. As of press time, most stocks in the sector fell more than 5%, with Nokia (NOK.US) performing the weakest, down nearly 10% at $8.37; Coherent (COHR.US) down nearly 8% at $219.11.
Among other constituents, AAOI (AAOI.US) fell 7.58% to $71.46, AXTI (AXTI.US) dropped 6.68% to $55.32, LITE (LITE.US) declined 6.30% to $797.09. Corning (GLW.US) fell 5.56% to $127.42, Marvell (MRVL.US) dropped 4.94% to $232.66, POET (POET.US) fell 3.88% to $5.45. Among derivative products, AAOX (AAOX.US) plunged 15.45% to $4.27, LITX (LITX.US) dropped 12.49% to $21.69, MVLL (MVLL.US) fell 9.68% to $26.86, while LITZ (LITZ.US) bucked the trend with a 13.49% gain to $31.76.
Overall, the optical communication sector showed a broad decline today, with only LITZ recording a gain. Investors should monitor the sector's subsequent performance and individual stock fundamentals.
Sector constituents
| Name | Ticker | Last | Change |
|---|---|---|---|
| LITZ | LITZ.US | 31.76 | +13.49% |
| POET | POET.US | 5.45 | -3.88% |
| Marvell | MRVL.US | 232.66 | -4.94% |
| Corning | GLW.US | 127.42 | -5.56% |
| Lumentum | LITE.US | 797.09 | -6.30% |
| Axcelis | AXTI.US | 55.32 | -6.68% |
| AAOI | AAOI.US | 71.46 | -7.58% |
| Coherent | COHR.US | 219.11 | -7.75% |
| Nokia | NOK.US | 8.37 | -9.57% |
| MVLL | MVLL.US | 26.86 | -9.68% |
| LITX | LITX.US | 21.69 | -12.49% |
| AAOX | AAOX.US | 4.27 | -15.45% |