Movement Alert|ILUVATAR COREX Rises 5.9% in Regular Trading, Hang Seng TECH Index Inclusion Drives Passive Fund Allocation Ahead of Effective Date

Market Focus
5 hours ago

On August 27, ILUVATAR COREX rose 5.9% in regular trading, trading at 381.2 HKD/share, with turnover of HKD 56.11 million.

On the news front, the company was confirmed on August 24 as a new constituent of the Hang Seng TECH Index, effective September 7, becoming the first and currently only GPU component stock in the index. Passive fund incremental allocation demand ahead of the effective date continues to provide support. Additionally, the company is scheduled to disclose its interim financial report on August 28, with a prior profit alert forecasting H1 net profit of RMB 60 million to RMB 140 million, representing a turnaround from a net loss of approximately RMB 609 million in the same period last year.

The broader semiconductor sector strengthened concurrently, with peers BIREN TECH up 4.91%, MONTAGE TECH up 3.28%, GIGADEVICE up 2.82%, HUA HONG GRACE up 2.3%, and SMIC up 1.94%. The stock also saw a technical rebound following consecutive sessions of pullback.

(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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