HKEX (00388) rose over 5% in the afternoon. As of the press release, it increased by 5.07% to HK$315.2, with a turnover of 2.88 billion Hong Kong dollars.
According to the Guosen Securities APP, HKEX (00388) rose over 5% in the afternoon. As of the press release, it increased by 5.07% to HK$315.2, with a turnover of 2.88 billion Hong Kong dollars.
On the news front, HKEX is set to announce its third-quarter performance on October 23 this year. Benefiting from the recent increase in daily average turnover of Hong Kong stocks, the market expects HKEX's third-quarter net profit to range from 3.1 billion to 3.272 billion yuan, a year-on-year growth of 5% to 10.8%.
Citigroup released a research report stating that it expects HKEX's third-quarter attributable profit to shareholders to be HK$3.3 billion, an 11% year-on-year increase, and a 4% increase from the previous quarter, mainly driven by strong investment income. Citigroup mentioned that the stock market sentiment is rapidly recovering, with trading volumes hitting new highs in recent weeks, laying the foundation for steady profits in the fourth quarter of this year. However, the bank believes that the current turnover levels may not be sustainable, and as volatility decreases, trading speed may return to normal.