The Shenzhen Stock Exchange added six Hong Kong-listed stocks to its Southbound Trading eligible securities list effective June 8. Knowledge Atlas surged 10.25%, Biren Tech rose 11.11%, and iLuVatar Corex jumped 14.93%, while three other stocks declined.
Three Hong Kong-listed stocks surged more than 10% on Monday after the Shenzhen Stock Exchange added them to its Southbound Trading eligible securities list.
The SZSE said the additions were made under the Implementation Measures of the Shenzhen Stock Exchange for the Shenzhen-Hong Kong Stock Connect Program, effective June 8. The six stocks added include Knowledge Atlas (02513.HK), Biren Tech (06082.HK), iLuVatar Corex (09903.HK), Busyming (01768.HK), Edge Medical-B (02675.HK), and Haizhi Tech GP (02706.HK).
Knowledge Atlas opened 3.62% lower before reversing course to trade at HKD1,430, up 10.25%, with turnover of 867,300 shares worth HKD1.143 billion. Biren Tech rose 11.11% to HKD62, while iLuVatar Corex jumped 14.93% to HKD471.2.
The divergent performance among the six added stocks highlights that inclusion alone does not guarantee gains. Busyming fell 1.42% to HKD320.4, Edge Medical-B dropped 10.57% to HKD45.88, and Haizhi Tech GP slid 15.1% to HKD48.82. Citi initiated coverage of Busyming with a buy rating and a price target of HKD439.6, implying roughly 37% upside from current levels.
Southbound Trading allows mainland Chinese investors to buy eligible Hong Kong-listed stocks through the Stock Connect program, expanding the investor base for these names. The additions signal the SZSE's continued broadening of eligible securities under the cross-border channel.
This article is for informational purposes only and does not constitute investment advice.
