AUX ELECTRIC (02580.HK) Shares Drop 7% to $16.2 by Midday After IPO
AUX Electric Debut: AUX Electric (02580.HK) opened at $16.1, a 7.6% drop from its listing price of $17.42, and closed midday at $16.2, reflecting a 7% decline with a trading volume of 33.26 million shares.
Market Outlook: JPMorgan forecasts potential upside for the MSCI China Index and CSI 300 Index, estimating increases of 35% and 24% respectively by the end of 2026.
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FWD, AUX ELECTRIC, INNOGEN-B, and CHERY AUTO Included in Southbound Trading Eligible Securities List for Stock Connects
Index Adjustments: FWD, AUX ELECTRIC, INNOGEN-B, and CHERY AUTO have been added to the eligible securities list for Southbound Trading of Stock Connects due to the regular adjustment of the Hang Seng Composite MidCap Index.
Market Performance: The stocks experienced declines, with FWD down 2.456%, AUX ELECTRIC down 2.214%, INNOGEN-B down 12.864%, and CHERY AUTO down 2.982%.
Short Selling Data: FWD had a short selling volume of $19.20 million with a ratio of 32.933%, while CHERY AUTO had a short selling volume of $1.75 million with a ratio of 1.082%.
Effective Date: The changes to the eligible securities list took effect on December 8, as announced by the Shanghai Stock Exchange and Shenzhen Stock Exchange.
CICC Identifies Stocks Expected to Qualify for Southbound Trading Inclusion (Table)
Quarterly Index Review Announcement: The Hang Seng Indexes Company revealed the results of its quarterly index review, effective December 8, as reported by CICC.
Predicted Stock Inclusions: CICC provided a list of stocks likely to be included in the Southbound Trading investment scope due to adjustments in the Hang Seng Composite Index.
Stock Performance Highlights: Notable stock movements included HESAI-W rising by 8.144% and INNOGEN-B increasing by 31.146%, while AUX ELECTRIC fell by 3.005%.
Short Selling Data: The report included short selling data, with HESAI-W showing a significant short selling ratio of 23.446% and total short selling amounting to $47.14 million.
