Hong Kong Stocks Opened Higher, Boyaa Interactive up 7.7%, QuantumPharm-P up 4%

Market Watcher12-16

On December 16, 2024, the Hong Kong stock market opened higher. The Hang Seng Index (HSI) rose by 0.2%, the Hang Seng China Enterprises Index (HSCEI) rose by 0.35%, the Hang Seng Tech Index (HSTECH) rose by 0.2%, and the Hang Seng China-Affiliated Corporations Index (HSCCI) rose by 0.6%.


In terms of industry concepts, the Hong Kong blockchain concept stocks saw a notable increase of 1.53%. Among them, OSL GROUP rose by 1.22%, MEITU increased by 3.4%, and GRANDSHORES went up by 4%. The popular Hong Kong tech stocks showed a slight increase of 0.01%, with TENCENT, MEITUAN, and ALIBABA among the key players.

BOYAA surged by 7.7%, driven by strong quarterly earnings and positive market sentiment towards its new game releases.

QUANTUMPH-P saw a significant rise of 4%, attributed to the company's recent announcement of a breakthrough in pharmaceutical research.

FOURTH PARADIGM increased by 6%, following news of a major contract win with a leading financial institution.
ZX INC rose by 3.31%, benefiting from a strategic partnership with a major tech firm.

XD INC climbed by 4.80%, supported by robust sales figures for its latest mobile game.

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