Movement Alert|ILUVATAR COREX Rises 3.05% in Regular Trading, Rebound After Hang Seng Tech Index Inclusion Confirmed

Market Focus08-25 09:41

On August 25, ILUVATAR COREX rose 3.05% in regular trading, trading at 369.2 HKD/share, with turnover of HKD 61.55 million. The stock rebounded after being officially confirmed for inclusion in the Hang Seng Tech Index, effective September 7.

On the news front, the company announced on August 24 that Hang Seng Indexes Company Limited confirmed its addition to the Hang Seng Tech Index as the first and currently only GPU constituent stock. The inclusion is expected to drive passive fund allocation demand ahead of the effective date. The previous trading day, the stock fell over 7% amid a broad chip sector selloff triggered by Samsung Electronics weakness, creating oversold technical conditions that supported today's recovery.

Additionally, the company previously issued a positive profit alert, forecasting H1 net profit of RMB 60 million to RMB 140 million, representing a turnaround from a net loss of approximately RMB 609 million in the same period last year. The profit swing was primarily attributed to fair value gains on financial assets of approximately RMB 730 million to RMB 790 million.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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