HK Stock Market Move | CHABAIDAO (02555) rose by more than 12%, with stock prices rising by more than 40% in the past six trading days.

CHABAIDAO (02555) surged more than 12% at the end of the trading session, with its stock price rising for the sixth consecutive day and a total increase of over 40%. As of the time of writing, it is up 8.69% at 5.88 Hong Kong dollars, with a turnover of 101.742 million Hong Kong dollars. On the news front, on September 9th, the Shenzhen Stock Exchange and the Shanghai Stock Exchange announced that CHABAIDAO had been included in the list of eligible stocks for the Hong Kong Stock Connect and Shanghai Stock Connect, effective from September 10th. Market participants generally believe that the inclusion of the company in the Hong Kong Stock Connect may attract more mainland Chinese investors and could potentially increase liquidity and valuation levels. In the first half of this year, CHABAIDAO achieved revenue of 2.396 billion yuan and net profit of 395 million yuan. As of June 30, 2024, CHABAIDAO's nationwide stores have increased to 8,385, a growth of about 20% from the same period last year.