HK Stock Market Move | BLACK SESAME (02533) rose over 10% in the afternoon. The company entered the list of Hong Kong Stock Connect this month. Institutions say it benefits from domestic substitution of intelligent driving chips.

BLACK SESAME (02533) rose over 10% in the afternoon, up 8.35% to HK$28.55 as of the time of writing, with a turnover of HK$278.625 million. On the news front, the Shenzhen Stock Exchange announced on December 9th that due to adjustments to the Hang Seng Composite Mid Cap Index, the list of securities under the Hong Kong Stock Connect program will be adjusted and will take effect starting December 9, 2024. BLACK SESAME will be included. Data shows that as of December 24th, BLACK SESAME's holding ratio under the Hong Kong Stock Connect program reached 0.27%. China Securities Co., Ltd. pointed out that BLACK SESAME is a rising star in the field of smart driving chips and solutions in China, with core chip products including the Huashan series of intelligent driving chips and the Wudang series of cross-domain integration chips. BLACK SESAME is expected to be one of the major beneficiaries of domestic substitution in the smart driving chip industry. In the smart driving chip field, leveraging its high cost-performance position, BLACK SESAME's Huashan series is competing in the mid-computing chip market, and with the mass production of the A2000 in the future, the company is expected to occupy a place in the high-computing market with relatively low prices and decent computing power levels.