Friday, May 14, 2010

Hang Seng

*Hang Seng* The HSI opened on the weak side this morning -1% (20205). There were some concerns yesterday of a reshuffling of the HSI constituents. To thisl, the Hang Seng Indexes Company Limited has announced after market close yesterday that there is no change in the constituents for the Hang Seng Index . The Freefloat adjusting factor changes for this round include Bank of East Asia (23) (from 85% to 80%) and Esprit (330) (from 85% to 90%).

Meanwhile, there will be changes to the composition of HSCEI where China Pacific Insurance (2601) and China Longyuan (916) will be added, with effect from 7 June 2010. Zhejiang Expressway (576) and Shanghai Electric (2727) will be removed as HSCEI constituents with the same effective day. These changes are within market expectation.

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