Straits Times Index
3,287.75 -5.38 (-0.16%) S&P 500
5,071.63 +1.08 (+0.02%) Dow
38,460.92 -42.77 (-0.11%) Nasdaq
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63,901.07 -2,663.24 (-4.00%) CMC Crypto 200
1,357.50 -25.07 (-1.81%)
Hong Kong Exchanges and Clearing Limited (HKXCY)
| Previous close | 29.43 |
| Open | 30.45 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 30.18 - 30.48 |
| 52-week range | 27.34 - 42.30 |
| Volume | |
| Avg. volume | 247,170 |
| Market cap | 38.676B |
| Beta (5Y monthly) | 0.88 |
| PE ratio (TTM) | 26.45 |
| EPS (TTM) | 1.15 |
| Earnings date | N/A |
| Forward dividend & yield | 1.07 (3.53%) |
| Ex-dividend date | 13 Mar 2024 |
| 1y target est | N/A |
ReutersHong Kong bourse operator's Q1 profit drops on weaker listings, trading
HONG KONG (Reuters) -Hong Kong's bourse operator reported a 13% drop in first-quarter profit on Wednesday, as sluggish trading and muted listing activities weighed on its businesses. The profit attributable to shareholders of Hong Kong Exchanges and Clearing Ltd (HKEX) fell to HK$2.97 billion ($379 million), but was slightly above analysts' forecasts of HK$2.82 billion compiled by LSEG. The drop in profit highlights the challenges ahead for HKEX which has suffered since late 2020 from Beijing's crackdown on a broad range of industries and is struggling to revive listings and trading amid geopolitical tensions and economic volatility.
- Yahoo Finance Video
Investing in stock exchanges: What ICE brings to the table
In Monday's episode of Good Buy or Goodbye, Tema ETFs Chief Investment Officer Yuri Khodjamirian makes the case for investing in financial exchanges and clearing houses, namely the Intercontinental Exchange (ICE) while advising against Hong Kong Exchanges and Clearing (0388.HK). The Intercontinental Exchange — which owns and operates the New York Stock Exchange — is praised by Khodjamirian for diversifying into other financial markets, such as mortgages, while also centralizing transactions and trades onto its platform. "What you see is more and more financial transactions are being moved onto exchange, I mean even the rise of... cryptocurrency is a very similar sort of thing — can we centralize it, can we really get more and more information out of these trades?" Khodjamirian tells Yahoo Finance's Julie Hyman. The Hong Kong Stock Exchange is Khodjamirian's goodbye pick over its high valuations as it loses market share. Catch more of Good Buy or Goodbye here, or watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
CoinDeskHong Kong Could Approve Spot Bitcoin, Ether ETFs as Early as Monday: Bloomberg
Hong Kong could approve approve spot bitcoin (BTC) and ether (ETH) exchange-traded funds as early as Monday, Bloomberg said, citing two people familiar with the matter.
