On August 7, LUXSHARE ICT rose 3.36% in regular trading, trading at HK$62.80/share, with turnover of HK$10.94 million. The stock continued its upward momentum following its formal inclusion in the Stock Connect eligible list effective August 6.

On the news front, LUXSHARE ICT was added to the Shenzhen-Hong Kong Stock Connect and Shanghai-Hong Kong Stock Connect eligible lists starting August 6, opening southbound capital channels for mainland investors. The company also announced the partial exercise of its overallotment option on August 5, involving 12.54 million H shares at HK$63.28 each, raising approximately HK$789 million in additional net proceeds. The over-allotment shares are expected to begin trading on August 10.

Additionally, institutional support remains firm. Goldman Sachs increased its H-share holdings by 2.6 million shares on July 28 at approximately HK$58.36 per share, lifting its stake to 17.47%. Bank of New York Mellon also raised its position to 10.82%. The company has cumulatively repurchased approximately 17.67 million A-shares totaling around RMB 1 billion.

(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.)