Movement Alert|DEEPZERO Falls 5.15% in Regular Trading, Profit-Taking Persists After HKEX Tech 100 Index Inclusion

Market Focus
Yesterday

On September 15, DEEPZERO fell 5.15% in regular trading, trading at HK$459.4/share, with turnover of HK$63.12 million.

On the news front, the company was officially included in the HKEX Tech 100 Index and the HKEX Tech & US Tech 100 Index after close on September 11, with changes effective September 14. On the first effective day, the stock plunged over 14%, and today's decline extends the selloff. This follows a recurring pattern of sharp retreats on positive catalysts — the stock had already dropped over 22% on September 7 when its inclusion in Hong Kong Stock Connect took effect, and has been in a sustained pullback since.

The stock's 52-week low stands at just HK$155, and prior to the recent selloff, it had accumulated significant gains driven by strong interim results — revenue of RMB 398 million (up 43.6% YoY) and adjusted net profit of RMB 17.46 million (up 30.6% YoY) — as well as a strategic partnership with Deloitte China. The substantial cumulative gains have intensified profit-taking pressure, which 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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10