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Private Companies Invested in Holly Futures Co., Ltd. (HKG:3678) Copped the Brunt of Last Week's HK$484m Market Cap Decline
A-share brokerage firms surged, while Hong Kong brokerage firms plummeted, the two markets moved in opposite directions, has the premium logic failed?
①17 Hong Kong brokerage stocks collectively fell, with an average decline of 20.81%; ② 48 ah stocks brokerage stocks collectively hit the limit up, with a morning trading volume of 108.951 billion yuan; ③ The premium rate of AH stocks, which had already narrowed, expanded again, with 8 stocks having a premium rate close to or exceeding 100%.
Stock market anomaly | Stocks with high AH premium are sought after. Holly Futures (03678) surged over 50%, while Zhejiang Shibao (01057) surged nearly 40%.
AH premium stocks are popular today with fund inflows. As of the time of publication, holly futures (03678) rose by 41.85% to HKD 5.22; zhejiang shibao (01057) rose by 39.01% to HKD 4.49; jingcheng mac (00187) rose by 25.38% to HKD 3.26; swhy (06806) rose by 30.3% to HKD 4.3.
Trending Stocks Today: BRAINHOLE TECH Shoots up 275.93%
Holly futures (03678.HK) received JPMorgan's shareholding of 6.625 million shares
According to the latest equity disclosure data from the Hong Kong Stock Exchange on September 30, 2024, Holly Futures (03678.HK) received 6.625 million shares of good warehouse increased by JPMorgan Chase & Co. at an average price of 2.0927 Hong Kong dollars per share, involving approximately 13.8641 million Hong Kong dollars. After the increase, JPMorgan Chase & Co.'s latest holding of good warehouse shares is 18.431 million shares, and the proportion of the holding of good warehouse shares has increased from 4.72% to 7.38%.
Sudden Change: China-affiliated brokerage stocks surged across the board, with Swhy rising nearly 24%, significantly boosting market sentiment and driving brokerage business.
UBS Group believes that brokerage stocks will benefit from both macroeconomic and capital market support measures. The brokerage stocks listed in Hong Kong covered by the bank's research currently have a price-to-book ratio of only 0.4 times, which is at a historically low level. China International Capital Corporation also believes that the performance, valuation, and positions of the brokerage sector have all hit bottom, recent reserve requirement ratio cuts and interest rate reductions have provided market liquidity, new policy tools support the development of the stock market, internal industry mergers and acquisitions are accelerating, and it advises investors to pay attention to M&A transaction sentiment, market improvements, and rebound opportunities under the catalysis of internal and external policies.
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