It is learned from the Financial APP that Jitu Express-W (01519) rose over 6% in the afternoon trading, and as of press time, it increased by 5.75%, at HKD 8.46, with a turnover of HKD 105 million.

On the news front, on May 29th, Jitu Express was officially included in the list of securities for trading under the Stock Connect. According to the announcement of the Shenzhen Stock Exchange, the list of securities for trading under the Hong Kong Stock Connect was adjusted, and Jitu Express-W was added and will take effect from May 29th, 2024. At the same time, the list of securities for trading under the Shanghai-Hong Kong Stock Connect will also include Jitu Express-W from May 29th, 2024. This means that mainland investors will be able to directly participate in Jitu Express trading, further expanding its visibility and influence in the capital markets.

In addition, on May 8th, GEEQI EXPRESS-J&T Express announced that it had achieved an important milestone by receiving tens of millions of dollars in investment from Yida Capital and a Middle Eastern consortium. Zhong Yin International stated in a research report that the investment is beneficial for GEEQI EXPRESS to deepen its international layout and accelerate its penetration of the Middle Eastern market. The bank pointed out that GEEQI EXPRESS's implementation of a localization strategy is suitable for the Middle Eastern market and has laid a solid foundation for its listing in Saudi Arabia.