02580 Overview

• Index Adjustments: FWD, AUX ELECTRIC, INNOGEN-B, and CHERY AUTO have been added to the eligible securities list for Southbound Trading of Stock Connects due to the regular adjustment of the Hang Seng Composite MidCap Index.

• Market Performance: The stocks experienced declines, with FWD down 2.456%, AUX ELECTRIC down 2.214%, INNOGEN-B down 12.864%, and CHERY AUTO down 2.982%.

• Short Selling Data: FWD had a short selling volume of $19.20 million with a ratio of 32.933%, while CHERY AUTO had a short selling volume of $1.75 million with a ratio of 1.082%.

• Effective Date: The changes to the eligible securities list took effect on December 8, as announced by the Shanghai Stock Exchange and Shenzhen Stock Exchange.

• Quarterly Index Review Announcement: The Hang Seng Indexes Company revealed the results of its quarterly index review, effective December 8, as reported by CICC.

• Predicted Stock Inclusions: CICC provided a list of stocks likely to be included in the Southbound Trading investment scope due to adjustments in the Hang Seng Composite Index.

• Stock Performance Highlights: Notable stock movements included HESAI-W rising by 8.144% and INNOGEN-B increasing by 31.146%, while AUX ELECTRIC fell by 3.005%.

• Short Selling Data: The report included short selling data, with HESAI-W showing a significant short selling ratio of 23.446% and total short selling amounting to $47.14 million.

• AUX Electric Debut Performance: AUX Electric (02580.HK) opened at $16.1, down 7.6% from its listing price of $17.42, and closed at $16.48, reflecting a 5.4% decline with a trading volume of 52.41 million shares.

• Financial Impact: Investors faced a book loss of $188 per board lot of 200 shares, excluding handling fees.

• AUX Electric Debut: AUX Electric (02580.HK) opened at $16.1, a 7.6% drop from its listing price of $17.42, and closed midday at $16.2, reflecting a 7% decline with a trading volume of 33.26 million shares.

• Market Outlook: JPMorgan forecasts potential upside for the MSCI China Index and CSI 300 Index, estimating increases of 35% and 24% respectively by the end of 2026.

AUX ELECTRIC Stock Performance

• Closing Price: AUX ELECTRIC (02580.HK) closed at $16.7 in the gray market, reflecting a decline of 4.1% from its initial listing price of $17.42.
• Debut Opening: On its debut day, the stock opened at $16.1, marking a 7.6% drop from the listing price, with 17.28 million shares traded at market open.

Market Context

• Market Delay: It is noted that Hong Kong stock quotes are delayed by at least 15 minutes, which may affect real-time trading decisions.

Broader Market Insights

• MSCI and CSI 300 Index Projections: JPMorgan has projected that the MSCI China Index and the CSI 300 Index could see potential upside growth of 35% and 24%, respectively, by the end of 2026.