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Hong Kong Shares Rebound 2.9% Amid Positive Sentiment
Hong Kong's Hang Seng Index extended early gains to close 2.9% higher at 18430.39. There could be some optimism among investors that more may be done by the Chinese authorities in 2H, IG market strate
HK stocks abnormal movement | Ming Yuan Cloud (00909) fell more than 6% again, falling more than 35% from the May high point. The sustainability of the new real estate policy remains to be observed.
According to Zhongtong Caijing APP, Mingyuan Cloud (00909) has fallen by more than 6%, and has dropped more than 35% from its high point in May of 3.42 Hong Kong dollars. As of press time, it fell by 6.49% to HK$2.16, with a turnover of HK$30.7476 million. Dongfang Securities pointed out that with the implementation of local "city-specific" policies by reducing the down payment ratio, lowering the threshold for home purchases and reducing the commercial loan interest rates, the burden of subsequent housing consumption for residents has been reduced. This has had a positive impact on market sentiment, and the transaction volume has rebounded to some degree, with the policy effects gradually becoming evident. However, considering the weaker ability of overall residents to pay the down payment and monthly mortgages, and the larger supply-side quantity, the policy effects...
On June 6th, Ming Yuan Cloud (00909.HK) cancelled 8.311 million shares repurchased.
On June 6th, 2024, Ming Yuan Cloud (00909.HK) announced the cancellation of 8.311 million shares of repurchased stock.
Hang Seng Index Likely to Consolidate Between 18500-20000 Near Term
0642 GMT - Hong Kong's Hang Seng Index is likely to consolidate between 18500 and 20000 in the near term, according to CCB International analysts Cliff Zhao and Wilson Zou in a research note. They say
Ming Yuan Cloud Group Holdings Insiders Placed Bullish Bets Worth CN¥8.69m
Usually, when one insider buys stock, it might not be a monumental event. But when multiple insiders are buying like they did in the case of Ming Yuan Cloud Group Holdings Limited (HKG:909), that send
Changes in Hong Kong stocks | Mingyuanyun (00909) fell more than 6% this week and fell more than 20% this week. The impact of the new real estate policy on new home sales still needs to be observed
Mingyuan Cloud (00909) fell more than 6%, with a cumulative decline of more than 20% this week. As of press release, it decreased by 6.79% to HK$2.61, with a turnover of HK$17.289,800.
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