Stock Track | China Merchants Securities Soars Nearly 15% as Chinese Financial Stocks Rally

Stock Track10-03

China Merchants Securities Co., Ltd. (CMSC) saw its stock price skyrocket by an impressive 14.91% on October 3, 2024, amid a broader rally in Chinese financial stocks fueled by Beijing's ongoing stimulus measures and easing of home purchase rules.

The surge in CMSC's shares was part of a remarkable rally in the Hong Kong stock market, where the Hang Seng Composite Index tracking financial stocks jumped 5.69%. CMSC emerged as a standout performer, with its stock price soaring by an astonishing 81.98% on October 2, 2024, just as the market reopened after the National Day holiday.

Analysts attribute the epic rally to pent-up demand and higher trading activity, as global traders and Chinese investors rushed to capitalize on the favorable conditions and attractive stock valuations. Beijing's stimulus measures and easing of home purchase rules continued to buoy market sentiment towards Chinese stocks, further driving the rally in financial companies like CMSC.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1103391047?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-03 09:32","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1103391047","market":"us","top_or_hot":-1,"title":"Stock Track | China Merchants Securities Soars Nearly 15% as Chinese Financial Stocks Rally","media":"Stock Track","content":"<p>China Merchants Securities Co., Ltd. (CMSC) saw its stock price skyrocket by an impressive 14.91% on October 3, 2024, amid a broader rally in Chinese financial stocks fueled by Beijing's ongoing stimulus measures and easing of home purchase rules.</p>\n\n<p>The surge in CMSC's shares was part of a remarkable rally in the Hong Kong stock market, where the Hang Seng Composite Index tracking financial stocks jumped 5.69%. CMSC emerged as a standout performer, with its stock price soaring by an astonishing 81.98% on October 2, 2024, just as the market reopened after the National Day holiday.</p>\n\n<p>Analysts attribute the epic rally to pent-up demand and higher trading activity, as global traders and Chinese investors rushed to capitalize on the favorable conditions and attractive stock valuations. Beijing's stimulus measures and easing of home purchase rules continued to buoy market sentiment towards Chinese stocks, further driving the rally in financial companies like CMSC.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | China Merchants Securities Soars Nearly 15% as Chinese Financial Stocks Rally</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | China Merchants Securities Soars Nearly 15% as Chinese Financial Stocks Rally\n</h2>\n\n<h4 class=\"meta\">\n\n2024-10-03 09:32 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>China Merchants Securities Co., Ltd. (CMSC) saw its stock price skyrocket by an impressive 14.91% on October 3, 2024, amid a broader rally in Chinese financial stocks fueled by Beijing's ongoing ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"06099","symbol_name":"招商证券","start_time":0,"source_url":"","article_id":"1103391047","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1103391047","pubTimestamp":1727919164,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"China Merchants Securities Co., Ltd.  saw its stock price skyrocket by an impressive 14.91% on October 3, 2024, amid a broader rally in Chinese financial stocks fueled by Beijing's ongoing stimulus measures and easing of home purchase rules.The surge in CMSC's shares was part of a remarkable rally in the Hong Kong stock market, where the Hang Seng Composite Index tracking financial stocks jumped 5.69%. CMSC emerged as a standout performer, with its stock price soaring by an astonishing 81.98% on","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"06099":"招商证券"},"translate_title":"股票赛道中国金融股上涨招商证券飙升近15%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"06099":1},"content_text":"China Merchants Securities Co., Ltd. (CMSC) saw its stock price skyrocket by an impressive 14.91% on October 3, 2024, amid a broader rally in Chinese financial stocks fueled by Beijing's ongoing stimulus measures and easing of home purchase rules.\nThe surge in CMSC's shares was part of a remarkable rally in the Hong Kong stock market, where the Hang Seng Composite Index tracking financial stocks jumped 5.69%. CMSC emerged as a standout performer, with its stock price soaring by an astonishing 81.98% on October 2, 2024, just as the market reopened after the National Day holiday.\nAnalysts attribute the epic rally to pent-up demand and higher trading activity, as global traders and Chinese investors rushed to capitalize on the favorable conditions and attractive stock valuations. Beijing's stimulus measures and easing of home purchase rules continued to buoy market sentiment towards Chinese stocks, further driving the rally in financial companies like CMSC.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1103391047"}