CMOC Group Limited rose 6%, and was included in the FTSE China 50 Index.
On June 6th, GeLongHui reported that Luoyang Molybdenum A shares rose by 3.99% to 8.35 yuan in half a day, and H shares rose by 6% to 7.34 Hong Kong dollars during the trading day. In terms of news, the FTSE China 50 Index announced that Luoyang Molybdenum (3993.HK) will be included in the index, effective after market close on June 21. In addition, A-share Luoyang Molybdenum has also been included in the FTSE China A50 Index candidate stock list. The candidate list will take effect immediately until the component stock review for the next quarter, and if one or more component stocks are deleted, the candidate stock will be selected.
What signal? Overseas investors took action, and large sums of money flowed into China's Internet ETF
Institutional sources believe that this may reflect the preference of overseas capital for the Chinese market: after continuous adjustments, the valuation of Chinese Internet companies is extremely attractive.
FTSE China 50 Index: Includes CRRC (01766) and China Financial Insurance (02328), excluding Ganfeng Lithium (01772) and Li Ning (02331)
The Zhitong Finance App learned that on May 31, FTSE Russell announced the results of the quarterly review of the FTSE China 50 Index, which will be included in CRRC (01766) and China Financial Insurance (02328), excluding Ganfeng Lithium (01772) and Li Ning (02331). The change will take effect after the market closes on June 16, 2023. In addition, FTSE Russell also announced the list of alternative stocks for the new quarter of the FTSE China 50 Index, namely BeiGene (06160), CGN Power (01816), Ctrip Group-S (09961), Yankuang Energy (01171), and Zhongtong Express-W