On May 29, J&T Global Express-W rose 3.02% in regular trading, trading at HK$9.17/share, with trading volume of HK$175 million.
On the news front, the company was previously announced as a new constituent of the Hang Seng Index, with the change to be implemented after market close on June 5 and effective from June 8. As the effective date approaches, passive index fund allocation demand is expected to intensify, driving capital to position ahead of the formal inclusion.
In addition, the company reported first-quarter global parcel volume of 8.326 billion pieces, representing a 26.2% year-over-year increase, with daily average parcel volume reaching 92.5 million pieces. The overseas market parcel volume share rose to 35.1%, up 4.3 percentage points from the prior quarter, demonstrating continued fundamental improvement that also provides support for the stock price.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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