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Please note that by submitting the contact details, you are authorizing SMC Global Securities Ltd. to contact you and send promotional communication even though you may be registered under National Do Not Call Registry established under the Telecom Unsolicited Commercial Communications Regulations, 2007 or registered or may register under the National Customer Preference Register established under new regulation viz the Telecom Commercial Communications Customer Preference Regulations, 2010.

Budget News

  • Hong Kong Market marks seven days win
  • April 30,2024  15:40
  • Hong Kong share market finished session slight higher on Tuesday, 30 April 2024, on optimism that China?s growth has stabilised after an official report indicated manufacturing activity expanded in April. However, market gains were limited as investors pocketed recent gains ahead of the long Labor Day holiday and the Federal Reserve's monetary policy meeting outcome later this week.

    The purchasing managers? index (PMI) of manufacturing activity stood at 50.4 in April, above the reading of 50 that indicates expansion for a second straight month, China?s statistics bureau said on Tuesday.

    At closing bell, the benchmark Hang Seng Index climbed up 16.12 points, or 0.09%, to 17,763.03, registering seven days of straight gains. The Hang Seng China Enterprises Index declined 9.11 points, or 0.14%, to 6,273.75.

    Home appliance maker Haier Smart Home surged 7.9% to HK$29.25 after saying that first-quarter profit increased 20% from a year earlier.

    HSBC Holding rose 2.2% to HK$67 after posting the better-than-estimated result for the first three months.

    CNOOC advanced 2.7% to HK$20.30, and China Petroleum and Chemical Corp, also known as Sinopec, gained 1.1% to HK$4.72.

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"1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.
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