DEEPEXI TECH's stock price soared 5.33% during intraday trading on Monday, marking a significant upward movement for the Hong Kong-listed technology company.
The surge appears to be driven by the company's recent selection for inclusion in the HKEX Tech 100 Index during its semi-annual rebalancing, with the adjustment taking effect on June 15. This inclusion is expected to attract passive fund inflows as the index tracks 100 Hong Kong-listed technology stocks available for trading via Stock Connect.
Additionally, the stock is recovering from oversold technical conditions following a recent placement of 7.942 million new H shares at a discount of approximately 19.78% to the prior closing price. The combination of index inclusion expectations and technical recovery appears to be supporting the current rally.
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