Sunshine Insurance (06963) rose more than 4% during the trading session. As of the time of publication, it has risen by 3.59% to HKD 3.17, with a turnover of HKD 5.5696 million.
According to the Intelligence Finance app, Sunshine Insurance (06963) rose more than 4% during the trading session. As of the time of publication, it has risen by 3.59% to HKD 3.17, with a turnover of HKD 5.5696 million.
On the news side, on August 16th, the Hang Seng Index Company announced the quarterly review results. Starting from September 9th, Sunshine Insurance will be included in the constituents of the Hang Seng Composite Index. Based on the rules of the Hong Kong Stock Connect, Sunshine Insurance is expected to be included in the Hang Seng Index constituent stocks.
CICC stated that the inclusion in the Hang Seng Composite Index is expected to increase the allocation of passive funds to Sunshine Insurance and also to increase the awareness of various investors in the market. In the future, Sunshine Insurance may benefit more from the potential liquidity improvement of Hong Kong stocks as a whole. The market had already anticipated the inclusion. If it can be included, it is expected to become a catalyst for the long-term valuation repair of the company.