On June 18, Flex Ltd. rose 3.69% in regular trading, trading at $146.775/share, with turnover of $53.30 million. The rally was driven by the approaching effective date of the company's inclusion in the S&P 500 index, coupled with strength across the Electronic Manufacturing Services sector.

S&P Dow Jones Indices previously announced that Flex will be officially added to the S&P 500 index before market open on June 22, replacing Pool Corp. As the effective date nears, expectations for passive fund allocation demand continue to intensify. Inclusion in the S&P 500 exposes the stock to a broader investor base, encompassing index-tracking passive funds and mandate-constrained active managers. Additionally, the company's planned spin-off of its Cloud and Power Infrastructure (CPI) business into an independent publicly listed entity — focused on AI data center critical power and thermal management technology — provides further valuation support.

Within the Electronic Manufacturing Services sector, the overall tone was positive. Among peers, TTM Technologies rose 6.28%, TE Connectivity rose 2.63%, Jabil Circuit rose 2.37%, Celestica rose 1.16%, and Fabrinet rose 0.11%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)