On July 2, Bright Smart Securities rose 6.78% in regular trading, reaching HK$7.46 per share, with turnover of approximately HK$58.73 million.
On the news front, the Hong Kong Exchange's simplified board lot size framework officially took effect on July 2, with the optimized trading rules expected to benefit brokerage business prospects. The broader Investment Banking and Brokerage sector strengthened simultaneously, with CICC up 2.0%, CGS up 1.36%, and CITIC Securities up 0.51%.
Additionally, the company released its annual results on June 24, reporting revenue of HK$1.008 billion, up 3.7% year-over-year, and profit attributable to shareholders of HK$670 million, up 8.52% year-over-year. The stock had pulled back following the earnings announcement, and the current rally reflects ongoing oversold recovery momentum. Earlier, Ant Group completed its acquisition of 50.55% of the company's equity for HK$2.814 billion, with market expectations around its digital transformation continuing to ferment.
(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