On June 22, CICC (China International Capital Corporation) rose 4.37% in regular trading, trading at HKD 20.98 per share, with turnover of HKD 247 million.
On the sector front, brokerage stocks rallied broadly, with CITIC Securities up 6.51%, GF Securities up 5.6%, CSC Financial up 4.9%, and Guotai Junan up 2.65%, indicating significant capital inflows across the industry. On the news front, CICC's application to absorb and merge Dongxing Securities and Cinda Securities via A-share swap was formally accepted by the Shanghai Stock Exchange on June 12 and is currently under regulatory review. Upon completion, CICC's total assets will surpass the one-trillion-yuan threshold, with revenue increasing from RMB 28.5 billion to RMB 37.2 billion, elevating its industry ranking to third place.
The stock had previously declined over 3% across two consecutive sessions following the initial pricing of the merger acceptance news. The current rebound represents a technical recovery driven by the broader sector rally.
(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.)
Comments