Movement Alert|GF Securities Rises 3.6% in Regular Trading, Brokerage Sector Broadly Advances Amid Strong Fundamentals

Market Focus
Jun 12

On June 12, GF Securities (01776.HK) rose 3.6% in regular trading, trading at HKD 16.64/share, with turnover of HKD 20.54 million. The stock advanced in tandem with broad strength across the brokerage sector.

On the news front, the company recently completed issuance of RMB 6 billion in corporate bonds (fifth tranche for the year), with coupon rates finalized at 1.68% for the 3-year series and 1.78% for the 5-year series, reflecting strong institutional demand with oversubscription ratios exceeding 2x. Additionally, the company reported robust Q1 results with revenue of RMB 11.68 billion, up 64.33% year-over-year, and net profit of RMB 4.71 billion, up 70.73%. On June 10, main capital recorded a net inflow of RMB 82.22 million into the stock.

Within the Investment Banking and Brokerage sector, the overall sector posted gains. Among peers, CICC rose 2.97%, CGS rose 3.03%, CITIC Securities rose 2.99%, HTSC rose 2.53%, and CMBC Capital rose 2.69%.

(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.)

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