Stock Track | Tianqi Lithium Soars 5.22% as Stock Connect Holdings Increase

Stock Track11-20

Tianqi Lithium (09696) shares surged 5.22% in Thursday's trading session, outperforming the broader market. The significant uptick in the lithium producer's stock price coincides with a notable increase in its Stock Connect holdings, suggesting growing interest from mainland Chinese investors.

According to the latest Stock Connect data, Tianqi Lithium saw its holdings increase by 1.61%, bringing the total Stock Connect ownership to 36.97%. This places the company among the top five stocks with the largest daily increases in Stock Connect holdings, indicating a surge in buying activity from mainland investors through the cross-border investment channel.

The increased interest in Tianqi Lithium comes amid a broader trend of investor attention on new energy and electric vehicle-related stocks. As one of the world's largest lithium producers, Tianqi Lithium's performance is closely tied to the growing demand for lithium-ion batteries, which are essential components in electric vehicles and renewable energy storage systems.

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