Movement Alert|Zhida Tech Rises 5.93% in Regular Trading, Boosted by FTSE Russell Global Equity Index Inclusion

Market Focus05-27

On May 27, Zhida Tech rose 5.93% in regular trading, trading at 18.75 HKD/share, with trading volume of approximately 46.11 million HKD.

On the news front, the company announced on May 26 that FTSE Russell published its quarterly review results, confirming that the company's H shares have been included in both the FTSE Global Equity Index Series Micro Cap Index and the FTSE All-World Index, effective after market close on June 19. This marks the third major index expansion within three months, following inclusion in the Hang Seng Composite Index in March and Stock Connect eligibility in April. The inclusion is expected to trigger passive fund allocation demand from international investors and broaden the company's global institutional shareholder base.

The stock had been in a pullback trend since its May 14 high, with profit-taking pressure driving consecutive sessions of decline. The current rise represents a technical rebound catalyzed by the fresh index inclusion news.

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