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HKEX (00388.HK) Once Swells 5%; UBS Upgrades CN/ HK Equities to OW
AASTOCKS2024-04-23 15:26
HKEX (00388.HK) +10.000 (+4.545%) Short selling $123.69M; Ratio 19.347% opened up 1% today (23rd), and posted widened gain after midday, peaking at $231, up 5%. It last printed at $230.2, up 4.64%, on volume of 7.5381 million shares and turnover of $1.708 billion.
UBS released a report and upgraded its rating on Mainland China and Hong Kong stocks to Overweight. It explained that Hong Kong stocks have lagged in performance so far this year, with corporations raising dividend and benefiting from the potential recovery of the tourism industry.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-04-23 12:25.)
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