On July 29, ANKER rose 3.06% in regular trading, trading at HK$104.5/share, with turnover of HK$30.20 million.

On the news front, the company's H shares were officially added to the Stock Connect eligible securities list on July 27, opening the southbound capital channel and providing incremental buying support. Simultaneously, 3.44 million H shares from the partial exercise of the over-allotment option commenced trading on July 29, issued at HK$99.32 per share, raising approximately HK$338 million in additional net proceeds.

The stock had declined 3.64% on July 28 following the end of the price stabilization period and anticipated dilution from new tradeable shares. During the stabilization period, the stabilization agent had purchased approximately 3.55 million H shares to support the price. The current rebound likely reflects capital replenishment driven by Stock Connect inclusion, offsetting the short-term supply pressure from newly listed over-allotment shares.

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