** Shares of Trump Media & Technology Group DJT.O fall 9.6% to $32.50 premarket, a day after Donald Trump was elected U.S. president

** DJT surged as much as 35% in the last session, though closed up 5.7%, after Trump recaptured the White House on Wednesday with a sweeping victory over Democratic candidate Kamala Harris

** The stock had become something of a proxy for Trump's reelection chances; DJT surged 196% in the six weeks leading up to Trump's win

** DJT operates Truth Social, a social media site and streaming service, and Trump is the co's biggest shareholder

** DJT attracted $7.3 mln in net flows from retail investors on Wednesday, well below its daily record high of $14.4 mln on Oct. 29 and other days leading up to Nov. 6, according to data from Vanda Research, indicating trading in anticipation of election results was much higher than on the voting day

** Shares of software developer Phunware PHUN.O, hired by Trump's 2020 re-election campaign to build a phone app, down 8.4% after rising more than 16% in the last session

** Video-sharing platform Rumble RUM.O, in which Trump's running mate, JD Vance, has made an investment, down 1.6%

** As of last close, DJT was down 37% since its March 26 debut

(Reporting by Shashwat Chauhan in Bengaluru)

((Shashwat.Chauhan@thomsonreuters.com))