Stock Track | JD Health Surges Nearly 10% on Strong H1 Profit, Broader Market Optimism

Stock Track08-19

Shares of JD Health International Inc. (06618) surged 9.79% in intraday trading on Monday, fueled by the company's upbeat financial results and broader market optimism.

The Hong Kong-listed healthcare arm of Chinese e-commerce giant JD.com reported a surge in net profit to over 2 billion yuan ($279 million) for the first half of 2024 last week. This robust earnings performance boosted investor confidence in the company, driving its stock higher.

JD Health's rally was also supported by the positive sentiment in the broader Hong Kong market. The Hang Seng Index rose 0.8% on Monday, as investors remained optimistic about the potential for US interest rate cuts and the upcoming earnings season.

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