On Friday April 26, A-shares fluctuated higher. As of press release, the GEM index had risen more than 1%, the Shanghai index had risen 0.68%, and the Shenzhen index had risen 0.76%.
Sectors such as brokerage, computing power, optical communications, and gold led the way, while food safety, PEEK materials, and commercial cryptography had the highest declines.
The three markets of Shanghai, Shenzhen, and Beijing rose by more than 2,300 individual stocks.
In terms of small and micro cap stocks, the China Securities 2000 Index fell 0.23%, while the Wande Micro Cap Index fell 1.28%. The ST sector index fell 0.72%. Dividend ETFs fell 0.13%.
Hong Kong stocks opened higher and the Hang Seng Index rose 1.33%. The Hang Seng Tech Index rose 2.11%. Kuaishou rose more than 3%, while Meituan, Bilibili, JD, and Tencent all rose more than 2%. CNOOC rose nearly 4%. Guolian Securities rose nearly 15%, and the acquisition of Minsheng Securities entered a substantial stage.
Brokerage stocks soared
Guosheng Financial Holdings rose and stopped, while Fangzheng Securities, Capital Securities, Huachuang Yunxin, Cinda Securities, Zheshang Securities, and CICC rose collectively.
According to the news, Guolian Securities announced last night that the company is planning to acquire control of Minsheng Securities Co., Ltd. and raise supporting capital by issuing A-shares. Trading of the company's A-shares will be suspended from the opening of the market on April 26, 2024 (Friday). It is expected that trading will be suspended for no more than 10 trading days.
