Lenovo Group was excluded from Hang Seng Index constituent stocks

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Lenovo Group was excluded from Hang Seng Index constituent stocks

2018-05-04 20:26:48 280 ℃
On the after-hours news of May 4th, Hang Seng Index Co., Ltd. announced today that as of the Hang Seng Index Series Quarterly Review on March 30, 2018, Lenovo Group was excluded from the constituent stocks of the Hang Seng Index and Shijiazhuang Group joined; China Huarong joined the HSCEI Component stocks, CRRC Times Electric was removed. All changes will take effect on Monday, June 4, 2018.

Stone Pharmaceutical Group is the first blue chip pharmaceutical stock compiled by the Hang Seng Index for more than 50 years.

Lenovo Group has twice been "blue" in the past. If it is removed from the blue chip this time, it will be "two into two." Out "HSI. Lenovo entered the blue chip for the first time in 2000 under the wave of the Internet, and after a few years, its performance was regressed due to the acquisition of IBM's personal computer business. In 2006, it was removed from the blue chip; in 2013, it was again "blue."

After returning to blue-chip in 2013, Lenovo Group's share price has plunged 56% so far, and its market value has evaporated US$5.8 billion (HK$45.2 billion), which was tracked by the Bloomberg World Technology Index. The worst performer was 171 shares. According to Bloomberg's calculations, the company that had been excluded from the Hang Seng Index during the past decade had a 48% median price drop before the elimination.