Movement Alert｜SERES Rises 3.07% in Regular Trading, NEV Sector Rebound Lifts Shares

Market Focus10-23

On October 23, SERES rose 3.07% in regular trading, trading at HK$30.8, with turnover of HK$8.80 million.

The move was accompanied by a rebound across Hong Kong-listed new energy vehicle names after the prior session's broad pullback. In the same sector, BYD COMPANY rose 5.12%, LI AUTO-W rose 5.58%, XPENG-W rose 3.57%, and LEAPMOTOR rose 2.51%, indicating a broader recovery in automobile manufacturer sentiment that helped lift SERES.

Recent company-specific developments remain mixed. SERES has scheduled a board meeting on October 30 to review its nine-month results, while disclosure data showed BlackRock's H-share long position ratio fell to 4.37% from 5.15% on October 19. Earlier, UBS had downgraded the stock to Neutral, and September NEV sales were reported at 29,271 units, down 34.48% year over year.

(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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