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HSBC Holdings has repurchased 2.3 million shares on the Hong Kong Stock Exchange, spending HKD183 million. The shares were bought at prices ranging from HKD79.4 to HKD79.85, with a weighted average price of approximately HKD79.664 per share.
HSBC Holdings purchased 2.1 million shares on the Hong Kong Stock Exchange last Friday for approximately $167 million. The shares were bought at prices ranging from $79.35 to $79.95, with a weighted average price of about $79.74 per share.
The HSI rose 365 points (1.9%) to 20,066, while the HSTI gained 142 points (3.1%) to 4,657, with market turnover reaching $159.81 billion. Notable performers included SUNNY OPTICAL, which surged over 7%, and several stocks like XIAOMI, ICBC, and HSBC HOLDINGS hitting new highs. Active heavyweights included TENCENT and HKEX, both up 2.5%.
HSBC Holdings has repurchased 2.28 million shares on the Hong Kong Stock Exchange, spending HKD 180 million. The shares were bought at prices ranging from HKD 78.35 to HKD 79.20, with a weighted average price of approximately HKD 78.84 per share.
HSBC Holdings has announced the shutdown of its international payment app, Zing, which could impact around 400 jobs. Meanwhile, Fitch has raised concerns about liquidity pressures facing Hong Kong developers and anticipates that the earnings of Hong Kong banks will be under pressure through 2025, maintaining a stable outlook.
HSBC Holdings has repurchased 1.45 million shares on the Hong Kong Stock Exchange, spending HKD 115 million. The shares were bought at prices ranging from HKD 78.85 to HKD 79.30, with a weighted average price of approximately HKD 79.134 per share.
A bearish block trade of 84.8K shares of HSBC Holdings occurred at $79.1, resulting in a turnover of $6.708 million. Fitch has raised concerns about liquidity pressures on Hong Kong developers and anticipates that earnings for HK banks will be under pressure in 2025, maintaining a stable outlook. Additionally, asset quality risks in Hong Kong's commercial properties continue to be a concern, exacerbating the credit outlook for banks in China and Hong Kong.
The HSI fell 327 points (1.6%) to 19,778, while the HSTI dropped 112 points (2.4%) to 4,581, amid a market turnover of $135.32 billion. Notable declines included MEITUAN and BABA, both down over 3%, while HSBC HOLDINGS and FIT HON TENG reached new highs.
The Hang Seng Index (HSI) fell by 270 points, or 1.3%, closing at 19,836, while the Hang Seng Tech Index (HSTI) dropped 92 points, or 2.0%, to 4,601. Notably, Meituan declined over 3%, while companies like SMIC, HSBC Holdings, Fit Hon Teng, Laopu Gold, and ZTE reached new highs.
HSBC Holdings experienced a bearish block trade of 86.8K shares at $79.25, resulting in a turnover of $6.879 million. Fitch has raised concerns about liquidity pressures on Hong Kong developers and anticipates that HK banks' earnings will face challenges by 2025, maintaining a stable outlook. Additionally, CNOOC aims for a net production of 760-780 million BOE this year, with an annual payout ratio of no less than 45% over the next three years. CKH Holdings' Panama Ports firm is committed to local operations and will fully cooperate with audits.
HSBC HOLDINGS
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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