NANHUA FUTURES (02691) Surges Over 9% Intraday, Boasts Full Suite of Futures Licenses and Recent Inclusion in Stock Connect

Stock News
01/27

NANHUA FUTURES (02691) saw its shares surge more than 9% during the trading session, hitting a record high of HKD 12.5 since its listing. As of the time of writing, the stock was up 8.18%, trading at HKD 12.3 with a turnover of HKD 144 million. Recently, in response to investor inquiries on an interactive platform, the company stated that its domestic and international brokerage businesses, along with over-the-counter derivatives operations, involve futures products such as gold and silver. Huaxi Securities previously noted that the company possesses a comprehensive range of futures business licenses, has achieved significant results from its global expansion, and holds a competitive advantage in its overseas operations, which will continue to be the primary driver for its rapid business development. Furthermore, NANHUA FUTURES was recently formally included in the Hong Kong Stock Connect program. Analysts believe this inclusion is expected to significantly enhance the trading liquidity of the company's shares.

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