Movement Alert|NEXCHIP Rises 3.14% in Regular Trading, Included in Stock Connect Eligible Securities List Effective Today

Market Focus
Aug 07

On August 7, NEXCHIP rose 3.14% in regular trading, trading at HK$32.6/share, with turnover of HK$4.8736 million.

On the news front, the Shenzhen Stock Exchange announced that NEXCHIP has been included in the Stock Connect eligible securities list, effective from today, allowing mainland investors to directly purchase the stock through the southbound trading channel, which is expected to bring incremental capital inflows.

On the same day, the company announced the partial exercise of the over-allotment option involving approximately 10.89 million H shares at an issue price of HK$32.3 per share, raising net proceeds of approximately HK$345 million. The price stabilization period ended on August 6. Multiple institutions have been actively accumulating shares recently, with China International Capital Corporation raising its stake to 26.02%, GIC Private Limited to 5.30%, and Huaqin Communications to approximately 11.03%, providing sustained capital support for the stock.

(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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