HK Stock Market Move | XUNCE (03317) rose by over 12% in the afternoon to hit a new high. The company will be included in the Hang Seng Composite Index and is expected to enter the Stock Connect next month.

XUNCE (03317) rose more than 12% in the afternoon, hitting a high of HK$79.65, setting a new record high. As of press time, it rose by 7.97% to HK$76.5, with a turnover of HK$36.5727 million. On the news front, on February 13, Hang Seng Index Company announced the results of its quarterly review, with XUNCE being included in the Hang Seng Composite Index. The related changes will be implemented after the market closes on March 6, and will officially take effect on March 9. This move means that XUNCE is expected to become a target of the Hong Kong Stock Connect, attracting more domestic capital attention. It is worth noting that recently, Guotai Haitong covered XUNCE for the first time and gave a "hold" rating with a target price of HK$104.78, corresponding to a target market value of HK$33.8 billion. In a key turning point from general capabilities to deepening vertical scenarios in AI, the research report analyzed that XUNCE Technology, with its core capability of "data flow", is replicating the "Chinese version of Palantir" model from the asset management industry to multiple fields.