AUX ELECTRIC (02580.HK) Shares Fall 7.6% to $16.1 in Initial Trading
AUX ELECTRIC Stock Performance
- Closing Price: AUX ELECTRIC (02580.HK) closed at $16.7 in the gray market, reflecting a decline of 4.1% from its initial listing price of $17.42.
- Debut Opening: On its debut day, the stock opened at $16.1, marking a 7.6% drop from the listing price, with 17.28 million shares traded at market open.
Market Context
- Market Delay: It is noted that Hong Kong stock quotes are delayed by at least 15 minutes, which may affect real-time trading decisions.
Broader Market Insights
- MSCI and CSI 300 Index Projections: JPMorgan has projected that the MSCI China Index and the CSI 300 Index could see potential upside growth 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.
