TIME INTERCON Unveils Approximately 15% Discounted Share Placement Aiming for HKD1.64 Billion in Proceeds
Stock Performance: TIME INTERCON (01729.HK) experienced a significant drop of 12.291%, closing at -2.200.
Share Placement Announcement: The company announced a placement of 108 million new shares at HKD15.22 each, representing a 14.97% discount from the previous closing price of HKD17.9.
Fundraising Goals: The placement aims to raise approximately HKD1.635 billion, with around 50% of the proceeds earmarked for strategic investments and acquisitions.
Short Selling Activity: The short selling for the stock reached $14.67 million, with a ratio of 3.770%.
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HSI Rises 175 Points; NetEase and Pop Mart Surge; HSBC Exceeds HKD140
US Tech Stocks Performance: US tech stocks saw a rebound, with the Nasdaq increasing by 0.9% on the 9th of the month.
Hong Kong Market Opening: The Hong Kong bourse opened higher, with the HSI up 0.6%, HSCEI up 0.6%, and HSTECH up 0.8%.
Major Tech Stocks Movement: Key tech companies like TENCENT, KUAISHOU, and JD-SW opened higher, while MEITUAN-W saw little change.
Financial Sector Updates: HSBC and HKEX also opened higher, while LONGFOR GROUP reported a significant drop in contracted sales, affecting its stock performance.
TIME INTERCON Unveils Approximately 15% Discounted Share Placement Aiming for HKD1.64 Billion in Proceeds
Stock Performance: TIME INTERCON (01729.HK) experienced a significant drop of 12.291%, closing at -2.200.
Share Placement Announcement: The company announced a placement of 108 million new shares at HKD15.22 each, representing a 14.97% discount from the previous closing price of HKD17.9.
Fundraising Goals: The placement aims to raise approximately HKD1.635 billion, with around 50% of the proceeds earmarked for strategic investments and acquisitions.
Short Selling Activity: The short selling for the stock reached $14.67 million, with a ratio of 3.770%.
<Daily Summary> HSI Ends at 26,834, Gaining 59 Points; HSTI Finishes at 5,467, Losing 59 Points; CSPC PHARMA Surges Over 8%; NEW ORIENTAL, HSBC HOLDINGS, MTR CORPORATION, POWER ASSETS, CIMC Reach New Peaks; Market Turnover Increases
Market Performance: The HSI rose by 59 points (0.2%) to 26,834, while the HSTI and HSCEI fell by 59 points (1.1%) and 27 points (0.3%) respectively, with a total market turnover of $335.15 billion.
Active Heavyweights: Major stocks like Tencent, Meituan, and Alibaba saw declines, with Tencent closing down 2.9% at $581, while Ping An was the only heavyweight to gain, closing up 0.8% at $71.3.
Notable Movers: CSPC Pharma and New Oriental experienced significant gains, rising 8.1% and 6.4% respectively, while Kuaishou-W and Baidu-SW faced notable declines, down 4.6% and 3.6%.
High Performers: CIMC and Wanguo Gold GP were standout performers, with CIMC surging 15% and Wanguo Gold GP increasing by 13.6%, both hitting new highs.
<Daily Summary> HSI Ends at 25,894, Gaining 178 Points; HSTI Finishes at 5,612, Up 66 Points; XIAOMI Surges Over 4%; Market Turnover Increases
Market Performance: The Hang Seng Index (HSI) rose by 178 points (0.7%) to close at 25,894, while the Hang Seng Technology Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also saw gains of 66 points (1.2%) and 78 points (0.9%) respectively, with a total market turnover of $231.15 billion.
Active Heavyweights: Notable stocks included Xiaomi, which increased by 4.3% to $40.34, Alibaba up 2.1% to $157.8, and Tencent rising 0.1% to $625, with significant short selling activity reported for each.
Top Gainers: Among HSI and HSCEI constituents, Baidu-SW surged by 4.6% to $116.9, Ali Health rose 4.4% to $5.98, and ZTO Express gained 4.1% to $155.5, indicating strong performance in the tech and logistics sectors.
Notable Declines: Time Intercon saw a significant increase of 15.9% to $16.31, while Mobvista experienced a sharp decline of 10.1% to $14.53, highlighting volatility in the market.
Midday Update: HSI Ends at 25,875, Gaining 158 Points; HSTI Reaches 5,609, Up 64 Points; XIAOMI Surges Over 4%; GLOBAL NEW MAT and EVERG SERVICES Achieve Record Highs
Market Performance: The HSI rose by 158 points (0.6%) to 25,875, while the HSTI and HSCEI also saw gains of 64 points (1.2%) and 68 points (0.8%) respectively.
Active Heavyweights: XIAOMI and BABA experienced significant increases of 4.6% and 2.4%, while MEITUAN and TENCENT saw slight declines of 0.4% and 0.3%.
Notable Gainers: ALI HEALTH, CHINAHONGQIAO, and CSPC PHARMA all reported gains exceeding 3%, with ALI HEALTH up 4.2%.
High Performers: TIME INTERCON surged by 17.8%, marking a significant increase, while GLOBAL NEW MAT and EVERG SERVICES also reached new highs, with minor gains.
<Daily Summary> HSI Ends at 26,160, Gaining 192 Points; HSTI Finishes at 6,059, Up 108 Points; SMIC Surges Over 8%; ABC, SHENZHOU INTL, CHALCO, DAHSING BANKING, and PICC GROUP Reach New Peaks; Market Activity Increases
Market Performance: The Hang Seng Index (HSI) rose by 192 points (0.7%) to close at 26,160, while the Hang Seng Tech Index (HSTI) increased by 108 points (1.8%) to 6,059, and the Hang Seng China Enterprises Index (HSCEI) gained 63 points (0.7%) to 9,363, with a total market turnover of $226.61 billion.
Active Heavyweights: Notable stock movements included Alibaba (BABA) up 2.2% to $168.3, Tencent (TENCENT) up 0.7% to $637.5, and Xiaomi (XIAOMI) down 1.8% to $45.92, with significant short selling activity across these stocks.
Top Gainers: SMIC saw a substantial increase of 8.0% to $80, while other notable gainers included Wuxi AppTec up 4.0% and China Hongqiao up 4.3%, reflecting strong performance among HSI and HSCEI constituents.
Short Selling Trends: The short selling ratios for several stocks were high, with Meituan at 29.96% and Xiaomi at 19.50%, indicating significant market speculation and investor sentiment regarding these companies.
HSI Rises 175 Points; NetEase and Pop Mart Surge; HSBC Exceeds HKD140
US Tech Stocks Performance: US tech stocks saw a rebound, with the Nasdaq increasing by 0.9% on the 9th of the month.
Hong Kong Market Opening: The Hong Kong bourse opened higher, with the HSI up 0.6%, HSCEI up 0.6%, and HSTECH up 0.8%.
Major Tech Stocks Movement: Key tech companies like TENCENT, KUAISHOU, and JD-SW opened higher, while MEITUAN-W saw little change.
Financial Sector Updates: HSBC and HKEX also opened higher, while LONGFOR GROUP reported a significant drop in contracted sales, affecting its stock performance.
TIME INTERCON Unveils Approximately 15% Discounted Share Placement Aiming for HKD1.64 Billion in Proceeds
Stock Performance: TIME INTERCON (01729.HK) experienced a significant drop of 12.291%, closing at -2.200.
Share Placement Announcement: The company announced a placement of 108 million new shares at HKD15.22 each, representing a 14.97% discount from the previous closing price of HKD17.9.
Fundraising Goals: The placement aims to raise approximately HKD1.635 billion, with around 50% of the proceeds earmarked for strategic investments and acquisitions.
Short Selling Activity: The short selling for the stock reached $14.67 million, with a ratio of 3.770%.
<Daily Summary> HSI Ends at 26,834, Gaining 59 Points; HSTI Finishes at 5,467, Losing 59 Points; CSPC PHARMA Surges Over 8%; NEW ORIENTAL, HSBC HOLDINGS, MTR CORPORATION, POWER ASSETS, CIMC Reach New Peaks; Market Turnover Increases
Market Performance: The HSI rose by 59 points (0.2%) to 26,834, while the HSTI and HSCEI fell by 59 points (1.1%) and 27 points (0.3%) respectively, with a total market turnover of $335.15 billion.
Active Heavyweights: Major stocks like Tencent, Meituan, and Alibaba saw declines, with Tencent closing down 2.9% at $581, while Ping An was the only heavyweight to gain, closing up 0.8% at $71.3.
Notable Movers: CSPC Pharma and New Oriental experienced significant gains, rising 8.1% and 6.4% respectively, while Kuaishou-W and Baidu-SW faced notable declines, down 4.6% and 3.6%.
High Performers: CIMC and Wanguo Gold GP were standout performers, with CIMC surging 15% and Wanguo Gold GP increasing by 13.6%, both hitting new highs.
<Daily Summary> HSI Ends at 25,894, Gaining 178 Points; HSTI Finishes at 5,612, Up 66 Points; XIAOMI Surges Over 4%; Market Turnover Increases
Market Performance: The Hang Seng Index (HSI) rose by 178 points (0.7%) to close at 25,894, while the Hang Seng Technology Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also saw gains of 66 points (1.2%) and 78 points (0.9%) respectively, with a total market turnover of $231.15 billion.
Active Heavyweights: Notable stocks included Xiaomi, which increased by 4.3% to $40.34, Alibaba up 2.1% to $157.8, and Tencent rising 0.1% to $625, with significant short selling activity reported for each.
Top Gainers: Among HSI and HSCEI constituents, Baidu-SW surged by 4.6% to $116.9, Ali Health rose 4.4% to $5.98, and ZTO Express gained 4.1% to $155.5, indicating strong performance in the tech and logistics sectors.
Notable Declines: Time Intercon saw a significant increase of 15.9% to $16.31, while Mobvista experienced a sharp decline of 10.1% to $14.53, highlighting volatility in the market.
Midday Update: HSI Ends at 25,875, Gaining 158 Points; HSTI Reaches 5,609, Up 64 Points; XIAOMI Surges Over 4%; GLOBAL NEW MAT and EVERG SERVICES Achieve Record Highs
Market Performance: The HSI rose by 158 points (0.6%) to 25,875, while the HSTI and HSCEI also saw gains of 64 points (1.2%) and 68 points (0.8%) respectively.
Active Heavyweights: XIAOMI and BABA experienced significant increases of 4.6% and 2.4%, while MEITUAN and TENCENT saw slight declines of 0.4% and 0.3%.
Notable Gainers: ALI HEALTH, CHINAHONGQIAO, and CSPC PHARMA all reported gains exceeding 3%, with ALI HEALTH up 4.2%.
High Performers: TIME INTERCON surged by 17.8%, marking a significant increase, while GLOBAL NEW MAT and EVERG SERVICES also reached new highs, with minor gains.
<Daily Summary> HSI Ends at 26,160, Gaining 192 Points; HSTI Finishes at 6,059, Up 108 Points; SMIC Surges Over 8%; ABC, SHENZHOU INTL, CHALCO, DAHSING BANKING, and PICC GROUP Reach New Peaks; Market Activity Increases
Market Performance: The Hang Seng Index (HSI) rose by 192 points (0.7%) to close at 26,160, while the Hang Seng Tech Index (HSTI) increased by 108 points (1.8%) to 6,059, and the Hang Seng China Enterprises Index (HSCEI) gained 63 points (0.7%) to 9,363, with a total market turnover of $226.61 billion.
Active Heavyweights: Notable stock movements included Alibaba (BABA) up 2.2% to $168.3, Tencent (TENCENT) up 0.7% to $637.5, and Xiaomi (XIAOMI) down 1.8% to $45.92, with significant short selling activity across these stocks.
Top Gainers: SMIC saw a substantial increase of 8.0% to $80, while other notable gainers included Wuxi AppTec up 4.0% and China Hongqiao up 4.3%, reflecting strong performance among HSI and HSCEI constituents.
Short Selling Trends: The short selling ratios for several stocks were high, with Meituan at 29.96% and Xiaomi at 19.50%, indicating significant market speculation and investor sentiment regarding these companies.
