HK Stock Market Move | CUTIA-B (02487) fell more than 7% and was removed from the Hang Seng Composite Index. Institutions believe it may be removed from the Stock Connect.

CUTIA-B (02487) fell more than 7%, dropping 7.27% to 4.85 Hong Kong dollars as of the deadline, with a turnover of 34.8632 million Hong Kong dollars. On the news front, after the close of trading on February 21, Hang Seng Index Company announced the quarterly review results of the Hang Seng Index series as of December 31, 2024. The adjustments will officially take effect on March 10, 2025. Among them, Kedah was excluded from the Hang Seng Composite Index constituents. China Securities expects it may be removed from the Hong Kong Stock Connect. As of the deadline, Kedah's Hong Kong Stock Connect holding ratio is 10.62%. In addition, Lyon pointed out earlier that 2025 is a crucial business year for Kedah, as it is expected to launch three core products, CU-40102, CU-10201, and CU-30101, within the next 12 months. The unique positioning and first-mover advantage of these products are expected to support index-level growth prospects.