Optical Communications Sector Surges in Regular Trading, AAOI Rises Nearly 8%, COHR Gains Almost 6%, AXTI Up Close to 5%
The optical communications sector showed strong performance during October 2's regular trading session, with most constituents posting significant gains. As of press time, mainstream names in the sector were broadly higher, led by AAOI which rose nearly 8% to $115.59, followed by COHR up nearly 6% at $337.04, and AXTI gaining close to 5% to $85.87.
Other names in the sector also performed well, with LITE up nearly 4% at $1,085.42 and MVLL rising over 3% to $37.95. GLW and NOK gained 2.35% and 2.22% respectively, trading at $164.19 and $10.60. POET and MRVL saw more moderate gains of 1.96% and 1.57%, while LITZ declined 7.50% to $18.87.
Overall, the optical communications sector displayed a broad-based rally on October 2, with positive market sentiment. Investors may want to monitor the sector's follow-through and potential catalysts.
Sector constituents
| Name | Ticker | Last | Change |
|---|---|---|---|
| AAOX | AAOX.US | 12.25 | +15.02% |
| LITX | LITX.US | 42.00 | +7.77% |
| AAOI | AAOI.US | 115.59 | +7.71% |
| COHR | COHR.US | 337.04 | +5.59% |
| AXTI | AXTI.US | 85.87 | +4.96% |
| LITE | LITE.US | 1085.42 | +3.79% |
| MVLL | MVLL.US | 37.95 | +3.29% |
| GLW | GLW.US | 164.19 | +2.35% |
| NOK | NOK.US | 10.60 | +2.22% |
| POET | POET.US | 7.79 | +1.96% |
| MRVL | MRVL.US | 272.29 | +1.57% |
| LITZ | LITZ.US | 18.87 | -7.50% |