Gaming stocks generally rose. As of press release, Friendship Time (06820) rose 8.84% to HK$1.6; Tencent Holdings (00700) rose 4.22% to HK$320.8; and Xindong (02400) rose 3.58% to HK$13.88.
The Zhitong Finance App learned,Gaming stocks generally rose. As of press release, Friendship Time (06820) rose 8.84% to HK$1.6; Tencent Holdings (00700) rose 4.22% to HK$320.8;Xindong (02400) rose 3.58% to HK$13.88;IGG (00799) rose 3.49% to HK$3.56; China Mobile Games (00302) rose 2.67% to HK$1.54.
According to the news, Xu Qimin, managing director of Asia and head of the stock consulting department of Franco-Pakistan Wealth Management, said a few days ago that among technology stocks that will announce quarterly results, gaming stocks are bullish on the first line, because as the mainland resumes approval of game versions this year, the launch of more new games will benefit related stocks. In addition, a recent research report by Zhongyuan Securities pointed out that the gaming sector experienced intensive launch of new products in 2023. Although short-term profit is under pressure, it will also gradually enter a profit recovery cycle, and it is expected that a good performance growth rate will resume in 2024.