Understanding the Market | UBOX ONLINE gave back over 20% in early trading after surging over 50% in the previous trading day

UBOX ONLINE early session retraced over 20%. The stock surged significantly in the previous trading day, rising more than 60% at one point before ultimately closing up 53.85%. As of the time of writing, it has dropped 18.5%, trading at HKD 3.26, with a transaction volume of HKD 270 million. On the news front, as of June 30, the semi-annual review period for the Hang Seng Composite Index has ended, and the adjustment list is expected to be announced after the market closes on August 22, 2025. All changes will be implemented after the market closes on September 5 (Friday) and will take effect from September 8 (Monday). At that time, the Shanghai and Shenzhen stock exchanges will adjust the scope of investable stocks for the Hong Kong Stock Connect accordingly. Data shows that during the review period, UBOX ONLINE's average market capitalization was only HKD 2.622 billion, and as of the time of writing, the total market capitalization of the stock is only HKD 2.694 billion, indicating a possible risk of being excluded