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SHK PPT Rises 5%+ to 4.5-Yr High amid Developer Rally
Recommend 9 Positive 13 Negative 5 |
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Hong Kong-listed developers were generally thriving this morning. SHK PPT (00016.HK) opened 1.83% higher today and once peaked at HKD121. It last traded at HKD120.4, up 5.15% to a four-and-a-half year high, with a volume of 4.341 million shares, involving HKD514 million. CK ASSET (01113.HK) opened up 0.64% and once peaked at HKD45.74. It last printed at HKD45.74, up 4% to over a two-and-a-half year high, with a volume of 2.9235 million shares, involving HKD131 million. HANG LUNG PPT (00101.HK) opened flat today but once climbed to a peak of HKD9.68. It was last at HKD9.67, up 4.88%, with a volume of 3.9519 million shares, involving HKD37.3968 million. NEW WORLD DEV (00017.HK) also remained flat at open but rose to a peak of HKD9.78 at one point. It last traded at HKD9.78, up 3.82%, with a volume of 4.7333 million shares, involving HKD45.558 million. HENDERSON LAND (00012.HK), in contrast, opened 0.66% lower and once bottomed at HKD29.1. It was last at HKD30.08, down 0.4%, with a volume of 5.8465 million shares, involving HKD173 million. According to a Citi research report, the broker is bullish on SHK PPT, Hongkong Land, HANG LUNG PPT, and SWIREPROPERTIES (01972.HK). AAStocks Financial News |
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