On June 8, Kingdee International fell 5.01% in regular trading, trading at 7.63 HKD/share, with trading volume of HKD 139 million, extending its consecutive pullback trend.

On the news front, the Hang Seng Index Company previously confirmed the removal of Kingdee International from the Hang Seng Tech Index constituents, with the change officially taking effect today. Passive funds tracking the index are releasing concentrated selling pressure on the effective date. Additionally, overnight overseas SaaS sector sentiment remained weak, while profit-taking continued after the stock had accumulated a rally of over 20% in early June, resonating with the index rebalancing sell-off to drive the decline.

Kingdee International is an investment holding company principally engaged in providing cloud services and enterprise resource planning (ERP) solutions. Its cloud services segment covers enterprise cloud services, micro-finance cloud services, and industry cloud services. The company primarily operates in the domestic Chinese market.

(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.)