ASMPT, J&T Global to benefit from latest review of Hang Seng indices as SenseTime exits
- Index compiler made no changes to Hang Seng Index, while adding chip equipment maker ASMPT to tech barometer at the expense of Ping An Healthcare.
Hong Kong’s stock market index compiler refrained from tweaking the city’s benchmark gauge after its quarterly review, keeping the membership unchanged for a second time this year. It adjusted the technology index and another tracking top Chinese enterprises.
The number of Hang Seng Index stocks will remain at 82, Hang Seng Indexes Company said in a statement on Friday, repeating the act in its February review of the blue-chip constituents. The firm did not provide any reason for the decision.
Semiconductor and electronics equipment maker ASMPT benefited from the review after the stock was added to the 30-member Hang Seng Tech Index at the expense of Ping An Healthcare and Technology. The changes will take effect after the close of trading on September 6.
The index compiler, a subsidiary of Hang Seng Bank, has been trying to boost Hang Seng Index’s representation by expanding the pool to 100 stocks eventually, following the biggest revamp in 2021. Its family of indices were tracked by money managers overseeing US$65.8 billion at the end of 2023, it said.
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