BUZZ-Hong Kong Exchanges hits near 5-week peak as Q1 profit above forecast

Reuters04-24

** Shares of Hong Kong Exchanges and Clearing Ltd rise 3.4% to HK$238.60, their highest since March 22; on course for third consecutive session of gains

** Stock is the fourth biggest pct gainer in Hang Seng Finance Index

** Hong Kong's bourse operator reported a narrower-than-expected 13% drop in Q1 net profit at HK$2.97 bln ($379 mln), above analysts' forecasts of HK$2.82 bln, as sluggish trading and muted listing activities weighed on its businesses

** Hang Seng Composite Index tracking financials stocks

climbs 1.4%, Hang Seng Finance Index rises 1.5% and Hang Seng Index adds 2%

** Stock down 11.3% YTD

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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