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HSI Rebounds 1.3%, Outpacing A-Shr Mkts; CN Banks/ Insurers/ Brokers Thrive; CHINA EB LTD Soars 20%+ on High Vol.
Recommend 154 Positive 205 Negative 107 |
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After a three-day holiday weekend, A-shares resumed trading today (3rd), with the Shanghai and Shenzhen markets rising 0.48% and 0.35% respectively by midday. The HSI opened 123 points higher this morning and once peaked at 23,524 with a surge of 366 points in early trading. It last printed at 23,454, up 296 points or nearly 1.3%, outpacing A-share markets, on a turnover of HKD110.325 billion. Major Chinese banks, insurers, and brokers thrived this morning. The four state-owned banks, namely ABC (01288.HK), ICBC (01398.HK), CCB (00939.HK), and BANK OF CHINA (03988.HK), advanced 2.9-3.4%. CM BANK (03968.HK) rose 3%, MINSHENG BANK (01988.HK) climbed 4.3%. CITIC BANK (00998.HK) surged 4.7%. In addition, PSBC (01658.HK) and BANKCOMM (03328.HK) gained 1.7-2%. CHINA LIFE (02628.HK) and PING AN (02318.HK) grew 0.9-1.8%, while PICC P&C (02328.HK) leaped 3.1%. SUNSHINE INS (06963.HK), PICC GROUP (01339.HK), NCI (01336.HK), CHINA TAIPING (00966.HK), and CPIC (02601.HK) shot up 2.1-2.9%. CITIC SEC (06030.HK) and CSC (06066.HK) ticked up 1.3-1.9%. CMSC (06099.HK) and GF SEC (01776.HK) added 2.1-2.6%. GTHT (02611.HK) jumped up 3.1%. CGS (06881.HK), HTSC (06886.HK), and DFZQ (03958.HK) ballooned 3.6-3.9%. CHINA EB LTD (00165.HK) has seen a significant increase in trading volume and stock price volatility since last Thursday (29th). It opened rallying 2.1% this morning (3rd) and once climbed to a nearly seven-month high of HKD5.95 with a spike of 26.6%. It last traded at HKD5.79, up 23.19%, on a volume rocketing to 80.697 million shares, involving HKD445 million. Other listed financial companies under the same series also trended upward. CEB BANK (06818.HK) last traded at HKD3.69, up 3.36%, on a turnover of HKD23.5711 million. EB SECURITIES (06178.HK) was last at HKD7.31, up 5.79%, on a turnover of HKD51.7462 million. AAStocks Financial News |
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