On September 16, CMOC rose 3.16% in regular trading, trading at HK$15.67/share, with turnover of HK$231 million. The gain came on the first trading day following the stock's inclusion in the Hang Seng Stock Connect China Enterprises Index.

Hang Seng Indexes Company previously announced quarterly index review results, adding CMOC and NetEase-S to the Hang Seng Stock Connect China Enterprises Index while removing Shanxi Fenjiu and Haitian Flavouring, with changes effective from September 14. As today marks the first trading session post-implementation, passive index-tracking funds' allocation demands are providing support to the share price. The broader diversified metals and mining sector traded higher in tandem, with Zijin Mining up 3.12% and MMG up 3.14%.

On the fundamental side, CMOC reported first-half net profit attributable to shareholders of RMB 16.152 billion, surging 86.27% year-over-year, with revenue reaching RMB 135.32 billion, up 42.78%. The company also declared its first interim dividend since 2012 at RMB 0.095 per share. Multiple brokerages maintain buy ratings, with a consensus target price of RMB 22.87.

(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.)