HK-listed property firm C&D at 3-week high on inclusion in benchmark indices

C&D International Investment

20/08/2019 07:34

** Shares of C&D International Investment Group Ltd
 1908.HK  rise as much as 6.4% to HK$8.68, their highest since
Aug. 1, after the Chinese property developer is being included
in Hong Kong benchmark indices 
    ** Stock on track for 3rd consecutive session of gains
    ** Co says it has been included as a constituent stock of 7
Hang Seng Indices, including Hang Seng Stock Connect Hong Kong
Index  .HSHKI  and Hang Seng Stock Connect Hong Kong SmallCap
Index  .HSHKS , with effect from Sept 9 https://bit.ly/31VIkdr
 
    ** As of Monday's close, the stock has risen 22.2% this year
    ** C&D has outperformed the Hang Seng Commerce & Industry
Index sector  .HSNC  by 1.3 percentage points in the past one
month
    ** The Hong Kong Hang Seng sub-index tracking property firms
 .HSNP  falls 1% on Tuesday
    ** The Hang Seng China enterprises index  .HSCE  gains 0.5%,
and the benchmark index  .HSI  edges down 0.02%

 ((Reuters Messaging:
donny.kwok.thomsonreuters.com@reuters.net))