On September 8, DEEPZERO fell 3.07% in regular trading, trading at 658.5 HKD/share, with turnover of 951,400 HKD, extending the sharp pullback from the prior session.
On the news front, DEEPZERO was officially added to the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect eligible securities list on September 7. However, on its first day of inclusion, the stock plunged over 20%, as concentrated profit-taking emerged after a prolonged rally. The stock had surged from a 52-week low of 155 HKD, driven by multiple catalysts including inclusion in the Hang Seng Composite Index, strong interim results (H1 revenue up 43.6% to 398 million yuan, net profit up 125.2%), a strategic partnership with Deloitte China, and new product launches. Net outflows of 23.66 million HKD were already observed on September 2. Several other newly included Stock Connect names also experienced collective pullbacks, indicating broad profit realization across this cohort. With the key positive catalyst now materialized, short-term selling pressure continues to weigh on the share price.
(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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