On July 15, Guotai Haitong rose 3.02% in regular trading, trading at HKD 15.03/share, with turnover of HKD 42.30 million. The rally came as the broader brokerage sector strengthened collectively, triggering an oversold bounce after the stock had accumulated over 8% in losses over the preceding two weeks.

The prior selloff was driven by management vacuum concerns following the departure of inaugural President Li Junjie on July 5, who left to assume the role of Director at Shanghai's local financial regulatory bureau. Chairman Zhu Jian is currently fulfilling presidential duties on an interim basis, with no clear timeline for a successor appointment. Sector peers rallied in tandem, with CSC up 4.98%, CICC up 4.45%, CGS up 3.31%, and CITIC Securities up 2.79%.

On the fundamental side, the company's first-half net profit attributable to shareholders is projected to exceed RMB 20 billion, with Q2 standalone net profit surging nearly 300% year-over-year to a record high, as merger synergies continue to materialize and provide valuation support.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)