On June 26, Kingdee International fell 5.16% in regular trading, trading at HK$5.73/share, with turnover of HK$135 million.
On the news front, the company was previously removed from the Hang Seng Tech Index, with the change effective since June 8. Passive fund outflows have continued to weigh on the stock price. Despite intensive buyback efforts — 27 repurchases year-to-date totaling approximately HK$272 million — combined with institutional additions from BlackRock (21.288 million shares at ~HK$7.28 per share on May 29) and Franklin Templeton (10.766 million shares at ~HK$7.02 per share on June 12), these measures have failed to effectively reverse the downtrend. The stock has declined significantly from its early June levels above HK$7.50, reflecting sustained selling pressure from index-tracking funds rebalancing their portfolios following the constituent change.
(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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