News & Research

Reader

Hong Kong Stocks Rebound on Property Sale Spike; GCL Technology Soars 20%
Friday, October 25, 2024       16:04 WIB

October 25, 2024 at 04:44 am EDT
(MT Newswires) -- Hong Kong stocks rebounded to close the week in green as investor sentiment reflected optimism amid a surge in property sector sales.
The Hang Seng Index soared 0.49%, or 100.53 points, to close Monday's trade at 20,590.15. The Hang Seng China Enterprises Index added 0.35%, or 26.12 points, to 7,385.26.
Positive momentum in the Chinese real estate sector bolstered stock prices, with residential pre-sales across 30 Chinese cities seeing a 22% boost from the previous week, the SCMP reported Friday citing Wind.
Sales in first-tier cities jumped 27% week-over-week, while sales across the country ballooned 58% in just a week.
The improvement in homebuyer confidence is in line with China's fiscal support measures focusing on aiding the struggling property sector.
In corporate news, GCL Technology (HKG:3800) surged 20% Friday. Stocks of Chinese polysilicon manufacturers surged following expectations that China will curtail production to deal with excess supply.

Sumber : MT Newswires

powered by: IPOTNEWS.COM


Berita Terbaru

Thursday, Oct 31, 2024 - 17:04 WIB
Financial Statements 3Q 2024 of AGII
Thursday, Oct 31, 2024 - 17:00 WIB
Financial Statements 3Q 2024 of BREN
Thursday, Oct 31, 2024 - 16:57 WIB
Financial Statements 3Q 2024 of BIRD
Thursday, Oct 31, 2024 - 16:55 WIB
Financial Statements 3Q 2024 of CHEM
Thursday, Oct 31, 2024 - 16:52 WIB
Financial Statements 3Q 2024 of SOSS
Thursday, Oct 31, 2024 - 16:50 WIB
Bisnis Data dan IT Tumbuh Pesat, Telkom Cetak Laba Rp 17,67 Triliun
Thursday, Oct 31, 2024 - 16:49 WIB
Financial Statements 3Q 2024 of TAMA
Thursday, Oct 31, 2024 - 16:49 WIB
Agung Podomoro (APLN) Balik Arah, dari Laba Rp1 T Jadi Rugi Rp41 M
Thursday, Oct 31, 2024 - 16:48 WIB
Emiten FILM Manoj Punjabi Bukukan Laba Rp 103 Miliar di Q3/2024
Thursday, Oct 31, 2024 - 16:48 WIB
Penyaluran Kredit Anjlok 15,54%, Bank Neo (BBYB) Laba Rp4,06 M