On June 1, HTSC rose 3.09% in regular trading, trading at 16.26 HKD/share, with trading volume of 41.54 million HKD.
On the news front, the brokerage sector continued to strengthen collectively. A recent research report noted that broker stock prices have significantly diverged from fundamentals year-to-date, with the Shanghai Composite up 3.6% while the brokerage index declined 14.4%, primarily due to capital flow and policy headwinds. However, the sector has now entered a healthy operational phase with sustainable earnings growth. Capital-side pressure is easing marginally, brokerage ETFs are seeing continued net inflows, and the combination of low valuations and low institutional positioning has bolstered market acceptance of the valuation recovery thesis.
Within the Investment Banking and Brokerage sector, peers also posted gains, with GTHT up 1.99%, CICC up 1.68%, CITIC SEC up 1.0%, CGS up 0.64%, and GOFINTECH QUANT up 0.49%.
(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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