Movement Alert|BYD COMPANY Falls 3.38% in Regular Trading, Ex-Dividend Date Coincides with Broad Auto Sector Selloff

Market Focus
Jul 31

On July 31, BYD COMPANY fell 3.38% in regular trading, trading at 92.25 HKD/share, with turnover of 438 million HKD.

On the news front, July 31 marks the ex-rights and ex-dividend date for BYD COMPANY's fiscal year profit distribution plan, under which the company will distribute approximately 3.26 billion yuan in total cash dividends at a rate of 3.58 yuan per 10 shares (pre-tax). The mechanical price adjustment from the dividend, combined with sector-wide selling pressure among automobile manufacturers, weighed on shares.

Within the Automobile Manufacturers sector, stocks declined broadly. Among individual stocks, LI AUTO-W fell 3.59%, GEELY AUTO fell 2.79%, LEAPMOTOR fell 2.59%, SERES fell 2.54%, and XPENG-W fell 1.31%. The sector-wide weakness follows a sharp rally earlier in the week driven by humanoid robot catalysts and analyst upgrades, suggesting some profit-taking activity.

(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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