Zhitong Financial APP learned that Huazhong vehicle (06830) had been hit by capital speculation in the previous two days, with a cumulative increase of nearly 35 per cent. Recently, the stock was wiped out in early trading, and at one point it fell more than 40% in intraday trading. As of press time, it fell 33.75% to HK $3.20, with a turnover of HK $123 million.
On the face of the news, Huazhong car previously announced that the company was selected as a constituent stock of the MSCI China small cap index, effective after the market closes on November 30, 2021. The Board believes that the company's inclusion in the MSCI China small cap index represents the capital market's affirmation of the company's value and performance. The company will continue to actively seek and grasp market opportunities to realize the value of investment in the company.