Movement Alert|DEEPZERO Falls 4.9% in Regular Trading, Profit-Taking Pressure Persists After Hong Kong Stock Connect Inclusion

Market Focus
8 hours ago

On September 10, DEEPZERO fell 4.9% in regular trading, trading at 665.0 HKD/share, with turnover of approximately 73.62 million HKD. The stock continued its pullback as profit-taking pressure showed no signs of abating following a series of index inclusion events.

DEEPZERO was officially included in the Stock Connect program on September 7, but the stock plunged over 22% on the first day as earlier gains — accumulated from a 52-week low of just 155 HKD — were aggressively locked in by holders. On September 8, the Hong Kong Exchange announced the company would be added to the HKEX Tech 100 Index effective September 14, triggering a brief intraday rebound to 741 HKD on September 9. However, the rebound momentum faded rapidly, with the stock closing at only 694 HKD that day. The failure to sustain the Tech 100 Index-driven bounce has reinforced near-term selling pressure, as the stock remains well above its historical cost base despite the recent correction.

The company reported first-half revenue of 398 million RMB, up 43.6% year-over-year, with net profit surging 125.2%. It also signed a strategic partnership with Deloitte China to accelerate enterprise decision AI deployment.

(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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