China's noodles maker Tingyi jumps on Hang Seng Index inclusion

China Resources Mixc Lifestyle Services

21/11/2022 05:43

** Shares of China's instant noodles and beverage maker
Tingyi (Cayman Islands) Holding  0322.HK  jump as much as 7.2%
to HK$12.54, the biggest intraday pct rise since Aug. 2020, if
gains hold
    ** Stock hit the highest since Oct 29; fifth-biggest pct
gainer on Hang Seng Composite Index  .HSCI   
    ** Indices complier Hang Seng Indexes Co says Tingyi, China
Resources Mixc Lifestyle Services  1209.HK  and Haier Smart Home
 6690.HK  will be included in Hang Seng Index  .HSI  effective
Dec. 5, boosting constituent count to 76 from 73  urn:newsml:reuters.com:*:nP8N32B050
    ** The Hang Seng consumer goods and services index  .HSCGSI 
drops 3.1% and consumer staples index  .HSCICS  falls 2.4%
    ** The Hang Seng Composite Index  .HSCI  declines 2.3% and
Hang Seng Index  .HSI  down 2.4%
    ** Among 25 analysts that cover Tingyi, the current average
rating on the shares is "buy" 
    ** As of last close, the stock had fallen 21.2% this year
 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))