Premarket Trading Update | LONGSYS (09976) Slides Over 2% at Grey Market Open, Losing HK$260 Per Board Lot

Stock News
Sep 07

According to the latest figures, LONGSYS (09976) is set to commence trading on the Hong Kong Stock Exchange on Tuesday, September 8. During the early grey market session, as of the time of reporting, the indicated price has dropped to HK$230.8, reflecting a 2.2% decrease from the offering price of HK$236 per share.

With each board lot comprising 50 shares, and excluding transaction fees, this translates to an unrealized loss of HK$260 for each board lot purchased. The grey market activity suggests a cautious start for the company's debut on the main board.

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