On June 26, Guotai Haitong (02611.HK) fell 3.04% in regular trading, trading at HK$14.33/share, with turnover of HK$38.45 million.
The decline comes on the first trading day following the stock's equity record date of June 25 for its annual dividend distribution of RMB 0.35 per share. The theoretical ex-dividend adjustment largely accounts for the price gap-down from the previous close of HK$14.77. This technical factor was amplified by broad weakness across the investment banking and brokerage sector.
Within the Investment Banking and Brokerage sector, the overall performance was weak. Among individual stocks, CSC fell 1.63%, CITIC Securities fell 3.45%, CICC fell 3.37%, China Merchants Securities fell 0.35%, and China Galaxy Securities fell 3.19%.
(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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