HK Stock Market Move | ILUVATAR COREX (09903) rose over 6% in the afternoon. The company expects to turn a profit in the first half of the year. Institutions indicate it is likely to be included in the Hang Seng Tech Index.

ILUVATAR COREX (09903) rose over 6% in the afternoon, and as of the time of writing, it has increased by 5.58%, reaching HKD 435, with a trading volume of HKD 897 million. In news, ILUVATAR COREX announced that it expects a net profit of between HKD 60 million and HKD 140 million for the first half of the year, marking a turnaround from losses. The board believes that the group's ability to return to profitability during the reporting period is mainly due to a fair value gain on financial assets ranging from HKD 730 million to HKD 790 million, attributed largely to a substantial increase in unrealized net gains from investments in shares of a company listed on the Shanghai Stock Exchange. It is noteworthy that the Hang Seng Index Company is consulting market opinions on a revision plan for the calculation method of the Hang Seng Technology Index. CITIC SEC pointed out that overall, the adjustments to the Hang Seng Technology Index have significant event effects, recommending a focus on investment opportunities in stocks that may be included in the index, while also paying attention to the downside risks of stocks that could be excluded. According to their calculations, ILUVATAR COREX will be added to the market capitalization group of the Hang Seng Technology Index.