On May 21, Kingdee International fell 5.16% in regular trading, trading at HKD 7.53/share, with trading volume of HKD 354 million.
On the news front, multiple institutions have predicted that Kingdee International will be removed from the Hang Seng Tech Index during the June component adjustment. The Hang Seng Tech Index currently corresponds to approximately RMB 170 billion in mainland onshore fund assets. The anticipated removal has triggered early rebalancing by passive funds and increased short-selling pressure from foreign investors. As a result, Kingdee International has continued to weaken against a backdrop of broader tech stock strength, with its share price falling to a 52-week low. During the session, the Hang Seng Tech Index itself declined 0.24%, with Kingdee International ranking among the top decliners among its constituent stocks.
Kingdee International is an investment holding company principally engaged in providing cloud services and enterprise resource planning (ERP) solutions, primarily operating 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.)