Geely Auto's Decline Widens to 5%, Market Reaction to Galaxy M9 Launch Remains Tepid
The stock price decline expanded to 5.01%, quoted at HKD 18.76, with a trading volume of HKD 1.525 billion and a turnover rate of 0.78%. The total market value is HKD 189.817 billion. Geely Auto has achieved an accumulated increase of 29.02% this year. The current stock price is approximately 9.7% lower than the 52-week high of HKD 20.78 and approximately 116% higher than the 52-week low of HKD 8.68. On the news front, Geely Galaxy M9 has been officially launched with a starting price of 183,800 yuan. Additionally, southbound capital has been continuously net selling Geely Automobile, with a net sale of 17.5094 million Hong Kong dollars on September 15, and a cumulative net sale of 783 million Hong Kong dollars over the past 30 trading days. As of the close on September 17, the short-selling amount of Geely Automobile was 243 million Hong Kong dollars, an increase of 93.47% compared to the previous trading day. 。
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