On June 25, Bright Smart Securities Financial fell 5.17% in regular trading, trading at HK$6.79/share, with turnover of HK$39.96 million.
On the news front, the company released its annual results on June 24 for the year ended March 31, reporting revenue of HK$10.08 billion, up 3.7% year-over-year, and profit attributable to shareholders of HK$670 million, up 8.52% year-over-year, with earnings per share of 39.49 HK cents. While growth remained positive, the results did not exceed market expectations. Separately, overnight US tech stocks tumbled sharply with the Nasdaq falling over 2.2%, dampening overall risk appetite. The Hong Kong market continued its multi-day weakness, with the Hang Seng Index hitting new lows for the year. The broader brokerage sector faced selling pressure, with Guotai Junan International declining 4.48% on the same day. The combination of uninspiring earnings growth and systemic market weakness drove the continued downward adjustment in shares.
(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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