Movement Alert｜CCB Intraday Rise 3.13% in Regular Trading, Core Chinese Bank Shares Continue to Hit New Highs Ahead of Results

Market Focus10-29 10:08

On October 29, CCB recorded an Intraday Rise of 3.13% in Regular Trading, trading at HK$10.22, with turnover of HK$982 million.

The move coincided with continued strength in Chinese bank shares, with core lenders repeatedly reaching fresh highs as the market broadly expects listed banks to deliver steady-to-improving third-quarter results.

Recent market coverage indicated that CCB's A shares and H shares had already been setting record highs, and its market capitalization had at one point surpassed that of ICBC. Broker previews released in recent weeks have generally pointed to continued strength in revenue and attributable net profit for the banking sector, helping support valuations. Sector peers were also higher, including ICBC, Bank of China and ABC.

The next earnings release for CCB is scheduled for October 30.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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