J&T EXPRESS-W's stock soared 5.32% during intraday trading on Tuesday.
The rally was primarily driven by the Hang Seng Index Company's announcement that J&T Global Express will be included in the Hang Seng Index as a blue-chip constituent, effective June 8. The inclusion is expected to lead to meaningful passive fund inflows from ETFs tracking the index.
Additionally, the company reported robust first-quarter parcel volume growth of 26.2% year-over-year and has conducted significant share buybacks this year, reinforcing shareholder return commitment. Multiple brokerages maintain bullish stances on the stock.
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