InSilico jumps most in 3 weeks on inclusion in China Securities Index Series
BUZZ-InSilico jumps most in 3 weeks on inclusion in China Securities Index Series ** Shares of InSilico Medicine Cayman TopCo 3696.HK jump 7.6% to HK$36.4, on course for biggest one-day pct gain since May 22
** Stock of the AI-driven drug discovery and pipeline development group hits the highest level since June 9
** Co says it has been included in China Securities Index Series, including CSI Hong Kong Connect Innovative Drug Index .CSI931250, CSI Hong Kong Brand Name Drug Index .CSI931787, and CSI HK Connect Health Care Composite Index .CSI930965, effective June 15
** Inclusion expected to broaden co's exposure among international institutional investors and research analysts, attract capital inflows from passive funds tracking indexes, diversify shareholder base, and improve trading liquidity for its shares - co
** YTD, stock down 5.1%, Hang Seng Biotech Index .HSBIO down 12.5%
(Reporting by Donny Kwok)
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