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HK stocks moved abnormally | Autos Street (02443) fell more than 8%, hitting a new low. It has fallen by 40% compared to the issue price and the company's performance has been under pressure in recent years.
Autos Street (02443) fell more than 8%, hitting a new low of HKD 5.69. It has dropped more than 40% from its IPO price of HKD 10.2. As of press time, it has fallen by 8.23% to HKD 5.69, with a turnover of HKD 1.1467 million.
[Brokerage Focus] Citic Securities: HSCEI welcomes the results of the new round of quarterly reviews on August 16, and it is expected that 19 symbols will enter the Hong Kong Stock Connect.
Jingu Financial News | Citic Securities stated that the Hang Seng Index will undergo a new review on August 16th, and the adjustment will officially take effect on September 9th. The Hong Kong stock connect will also correspondingly adjust. The bank expects to have 19 symbols to be included in the Hong Kong stock connect, of which the technology, optional consumer, and energy sectors have higher market capitalization weight. Broken down by industry, including 5 technology companies: Maipu Times (02556), Quchizhu Group (00917), Zhixing Automotive Technology (01274), Shengneng Group (02459), and Yisou Technology (02550); 3 optional consumer enterprises: Auto Street (02443), ...
CITIC Securities: Hang Seng Index will welcome a new round of review results, and Alibaba-SW is expected to be included in the Hong Kong Stock Connect.
CITIC Securities released a research report stating that the Hang Seng Index will undergo a new round of review results on August 16, and the adjustment will take effect on September 9. Hong Kong Stock Connect will also be adjusted accordingly. The bank predicts that there will be 20 symbols included in the Hong Kong Stock Connect, among which the information technology, optional consumer, and energy sectors have higher market value weights. If Alibaba-SW (09988) successfully converts to a dual primary listing by the end of August, it may be included in Hong Kong Stock Connect in this review. The bank also recommends investors to pay attention to timing opportunities between the announcement date of the Hang Seng Index and the effective date of the Hong Kong Stock Connect. In addition, due to some arbitrage funds or before the effective date of the Hong Kong Stock Connect
Hong Kong stock market anomaly | Auto Street (02443) rose nearly 20%. Shanghai has proposed an action plan to accelerate the renewal of automobiles and promote consumer consumption. The used car market has huge potential.
Autos Street (02443) rose nearly 20% intraday, as of press time, rose 18.91%, reporting HKD 7.42 and trading volume of HKD 1.3386 million.
Autos Street (02443): The stock price drops after the front foot is "almost" in.?
With the double protection of the issuance of the pauper version and the routine callback, the market cap of Auto Street (02443) on the first day of listing reached HKD 10.8 billion, meeting the 95% market cap red line, and its entry to the stock connect is bound to happen. It is predicted that in the adjustment in September 2024, 28 stocks are expected to be included in the Hong Kong stock connect, and Auto Street is among them.
Autostreets Development Shares Surge 42% in Hong Kong Debut
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