Future Tech

BYD Electronic to join Hong Kong’s benchmark index

Tan KW
Publish date: Fri, 17 May 2024, 10:45 PM
Tan KW
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Future Tech

BYD Electronic International Co will be added to Hong Kong’s Hang Seng Index following its latest quarterly review, according to a statement. Country Garden Services Holdings Co will be removed from the measure. 

The number of members on the gauge therefore remains unchanged at 82, index compiler Hang Seng Indexes Co said on Friday. The changes are effective June 11.

The index provider also said Zijin Mining Group Co will be added to the Hang Seng China Enterprises Index, while Xinyi Solar Holdings Ltd will be removed.

The reshuffle comes at a time when Hong Kong stocks have entered a bull market after years of losses. The Hang Seng gauge has risen more than 30% from a low in January. 

 


  - Bloomberg

 

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