CHINA FOODS (00506) surged over 16%, rising 16.18% to HK$4.02 as of press time, with trading volume reaching HK$39.97 million.
On the news front, Hang Seng Indexes Company announced its regular semi-annual index review results after market close on August 22, with CHINA FOODS being included in the Hang Seng Composite Index. The changes will be implemented after market close on September 5 and take effect from September 8, when the Shanghai and Shenzhen stock exchanges will correspondingly adjust the scope of Hong Kong stocks eligible for Stock Connect trading.
According to a research report, CHINA FOODS may potentially be added to Stock Connect as it meets a series of criteria including market capitalization, liquidity, and listing duration requirements.