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【Brokerage Focus】Under the adjustment of the market situation by Zhongtai International, investors' preferences for individual stocks can be better highlighted.
Jingu Finance News | Citi International stated that on October 3, the Hong Kong stock large cap exhibited significant volatility, oscillating at high levels. In the market adjustment, investors' preferences for individual stocks are more pronounced, with leading stocks often leading the large cap to bottom out or break through upwards. For example, Meituan (03690) and China Merchants Bank (03968) rose against the market by 3.9% and 3.8% respectively, while Tencent (00700), AIA (01299), and Hong Kong Exchanges and Clearing (00388) experienced minor declines. Overall, supported by fund flows and market sentiment, Hong Kong stocks can maintain a positive trend, but it is expected that Hong Kong stocks will enter a wide range of range-bound trading in the short term to digest the extreme overbought conditions.
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HK stocks on the move | HKEX (00388) soared 13% in morning trading. Recent policy stimulus led to a sharp increase in volume, with Morgan Stanley raising its target price to HK$390.
HKEX (00388) rose 13% in the morning session, as of the time of publication, up 13%, at HK$368.6, with a turnover of 9.344 billion Hong Kong dollars.
Citi: Maintains 'buy' rating on Hong Kong Exchange, target price raised to HK$390.
JPMorgan released a research report stating that it has raised the target price for Hong Kong Exchanges and Clearing Limited (00388) from HK$280 to HK$390, maintaining a "buy" rating. It is expected that the trading volume of Hong Kong stocks will increase and the market will reassess it at the same time. The bank pointed out that the stock price of the Hong Kong Exchanges and Clearing Limited has risen by 47% in the past two weeks, compared to a 21% increase in the Hang Seng Index. The trading volume surged after the People's Bank of China and the China Securities Regulatory Commission announced stimulus measures. The bank raised its daily average trading volume forecast for Hong Kong stocks for this year, next year, and the year after by 8% to 9%, to HK$258 billion, HK$318 billion, and HK$379 billion respectively, leading to a 5% to 7% increase in earnings per share forecast.
Market Chatter: Chinese Investors Buy More Hong Kong Stocks Ahead of National Day Break
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AaronW : Increased less, should be better than brokerage.