BYD Electronics to be Included in Hang Seng Index

TapTechNews May 17th news, The Hang Seng Indexes Company Limited announced today that BYD Electronics will be included in the Hang Seng Composite Industry Index. The change will be implemented after the close of trading on June 7, 2024, and will take effect on June 11, 2024.

At today's close, BYD Electronics closed at HK$33.80 per share, with a market capitalization of approximately HK$76.158 billion (TapTechNews note: currently about RMB 70.446 billion).

The Hang Seng Indexes Company Limited (English: Hang Seng Indexes Company Limited), formerly known as Hang Seng Index Services Limited, is a wholly-owned subsidiary of Hang Seng Bank Limited and is responsible for compiling and managing the Hang Seng Index and a series of other indexes.

The Hang Seng Index is an important indicator reflecting the Hong Kong stock market. The index is calculated from the market capitalization of the fifty-two constituent stocks of the Hang Seng Index, representing 63% of the twelve-month average market capitalization coverage of all listed companies on the Hong Kong Stock Exchange; while the Hang Seng TECH Index is a financial index of technology stocks listed in Hong Kong, reflecting an indicator of the overall financial performance of technology companies listed in Hong Kong.