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CM Bank (03968.HK) suffered a shareholding reduction of 2.2152 million shares by JPMorgan.
According to the latest equity disclosure data from the Hong Kong Stock Exchange on June 21, 2024, CM Bank (03968.HK) was sold off by JPMorgan Chase & Co. at an average price of HKD 33.8563 per share, reducing their holding by 2.2152 million shares, with an involved capital of about HKD 74.9977 million. After the reduction, the latest holding of JPMorgan Chase & Co. is 274,312,979 shares, and the holding proportion is reduced from 6.02% to 5.97%.
Zhī tōng Hǎngǔ jiě pán | Sān dà lì hǎo cì jī gǔ Dà zōng shāngpǐn yǒu wàng yíng lái fǎn tán. (SmartHK stock review | Three major bullish news stimulate Hong Kong stocks, and the csi commodity equity index is expected to rebound.)
After the Hong Kong stock market opened higher and gapped up, it steadily rose, closing up 2.87%, with the volume increasing to 112.8 billion.
China mainland banking has continued to remain active and funds tend to buy China Construction Bank Corporation.
After a three-day drop of 197 points, ATFX Hong Kong stocks rebounded over 300 points this morning, breaking the 18,000-point mark. China mainland banking has remained active for two consecutive days, with China Construction Bank Corporation (00939) rising by over 3% in the early morning, and Industrial and Commercial Bank of China (01398) and Bank of China (03988) both rising by over 2%; China Merchants Bank (03968) rose by 3%, still receiving funding enthusiasm despite the overall decline in Hong Kong stock trading volume. On June 18th, southbound funds bought China Construction Bank Corporation with a net amount of HKD 550 million. Since the beginning of this month, northbound funds have re-invested in China mainland banking. The State Council will focus on the impact of the real estate sector on economic running and financial stability.
Bank stocks collectively rose, with Bank of Communications (03328) rising 3.68%. Institutions expect stable profits and dividend expectations for listed banks this year.
Jingu Finance News | Banking stocks collectively rose, Bank of Communications (03328) up 3.68%, Cm Bank (03968) up 3.63%, Postal Savings Bank of China (01658) up 3.26%, China Construction Bank Corporation (00939) up 3.03%, Agricultural Bank of China (01288) up 3.07%, Bank of China (03988) up 2.63%, Industrial and Commercial Bank of China (01398) up 2.73%. China International Capital Corporation stated that since the beginning of the year, with the decline in interest rates and the narrowing of interest rate spreads, the stock prices of banks have performed well. The bank believes that this is mainly due to the relative resilience of profits and the cost-effectiveness of dividends. Bank stock prices in June
CM Bank (03968.HK) received shareholding of 4.1465 million shares from JPMorgan.
According to the latest equity disclosure information from the Stock Exchange of Hong Kong, on June 13, 2024, CM Bank (03968.HK) received an increase in shareholding of 4.1465 million shares at an average price of HKD 33.4007 per share from JPMorgan Chase & Co., with a total investment of approximately HKD 138 million. After the increase, JPMorgan Chase & Co.'s latest number of shareholdings is 276,528,156 shares, and the shareholding ratio has increased from 5.93% to 6.02%.
Hong Kong Stocks Flat as China's Retail Sales Data Indicates Recovering Consumer Confidence
Hong Kong stocks closed flat on Monday as China's retail sales data for May showed a 3.7% increase over April 2.3%, indicating consumer confidence building up among less encouraging economic numbers.
monthly : buy