On July 16, CSC Financial (06066.HK) fell 3.01% in regular trading, trading at HK$11.93/share, with turnover of approximately HK$70.20 million. The decline comes one session after the stock surged 5.58% on July 15 following the release of its H1 earnings pre-announcement.
On July 14, CSC Financial disclosed that it expects H1 attributable net profit of RMB 7.214 billion to RMB 8.116 billion, representing 60% to 80% year-over-year growth. The strong guidance initially propelled shares higher alongside a broad rally in Chinese brokerage stocks. However, profit-taking pressure emerged on July 16 as the Investment Banking and Brokerage sector turned broadly weaker, with CITIC Securities down 0.87%, CICC down 0.54%, Guotai Junan Hong Kong down 0.73%, and China Galaxy Securities down 1.06%.
(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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