Movement Alert|Kingdee International Falls 6.67% in Regular Trading, Index Removal Effective Date Approaching Combined with Overseas SaaS Sentiment Weakening

Market Focus06-03 09:40

On June 3, Kingdee International fell 6.67% in regular trading, trading at HKD 8.27/share, with trading volume of HKD 108 million, giving back a significant portion of gains from the prior two trading sessions.

On the news front, Hang Seng Indexes Company previously confirmed the removal of Kingdee International from the Hang Seng Tech Index, with the change set to take effect on June 8. As the effective date approaches, selling pressure from passive funds tracking the index has intensified. After accumulating a rebound of over 20% between June 1 and June 2 — driven by company buybacks and AI commercialization momentum — short-term profit-taking emerged and resonated with index rebalancing sell pressure, leading to the notable pullback.

Additionally, overnight weakness in overseas SaaS stocks further weighed on market sentiment for enterprise software names in the Hong Kong market.

(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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