MINIMAX-WP's stock price surged 5.14% during intraday trading on Friday, extending its recent upward trajectory.
The significant movement is primarily attributed to the approaching effective date for the company's inclusion in the Hang Seng Tech Index. Hang Seng Indexes Company confirmed the inclusion, with changes set to take effect in early June. Analysts estimate this event could attract substantial passive fund inflows, with Huatai Securities projecting approximately HK$800 million and Morgan Stanley forecasting even larger potential inflows in the range of US$1.25 to US$1.75 billion for related companies.
Market sentiment has been buoyed by these expectations, though some analysts note that near-term support from southbound capital may be limited due to the company's share structure, which delays its eligibility for Stock Connect programs.