Hong Kong Stock Alert | CHINA FOODS (00506) Surges Over 16% After Inclusion in Hang Seng Composite Index, Institutions Expect Potential Stock Connect Addition

Stock News
Aug 25

CHINA FOODS (00506) surged over 16%, rising 16.18% to HK$4.02 as of press time, with trading volume reaching HK$39.97 million.

On the news front, Hang Seng Indexes Company announced its regular semi-annual index review results after market close on August 22, with CHINA FOODS being included in the Hang Seng Composite Index. The changes will be implemented after market close on September 5 and take effect from September 8, when the Shanghai and Shenzhen stock exchanges will correspondingly adjust the scope of Hong Kong stocks eligible for Stock Connect trading.

According to a research report, CHINA FOODS may potentially be added to Stock Connect as it meets a series of criteria including market capitalization, liquidity, and listing duration requirements.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10