Stocks in Motion: Galaxy Ent rises 4%, Melco Int'l Dev gains half a percent as Macau National Day holiday inbound travelers increase over 15% year-on-year

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Macau's inbound tourist arrivals during the National Day holiday increased by over 15% year-on-year, with peak hotel occupancy rates exceeding 90%, driving a broad rally in Macau gaming stocks. Galaxy Ent rose 3.7%, Melco Int'l Dev gained 4.6%, while SJM Holdings, Wynn Macau, Sands China Ltd, and MGM China saw increases ranging from 0.8% to 4.6%. Meanwhile, the Hang Seng Index rose 1% to close at 24,032 points, with the H-share Index and Hang Seng Tech Index also posting gains

(ETNet News Agency Special Report, 9th) Macau gaming stocks rallied across the board. Galaxy Ent (00027) rose 3.7% to 31.78 yuan; Melco Int'l Dev (00200) gained 4.6% to 2.705 yuan; SJM Holdings (00880) advanced 0.8% to 1.29 yuan; Wynn Macau (01128) climbed 2.2% to 5.01 yuan; Sands China Ltd (01928) rose 2.5% to 11.3 yuan; and MGM China (02282) increased 3.3% to 9.51 yuan.

The Macau Public Security Police Force announced yesterday (the 8th) that the number of inbound visitors to Macau during the Mainland China National Day holiday period (1st to 7th) reached 1.143 million, averaging 163,000 per day, a year-on-year increase of 15.5%. Notably, border crossings on the 4th totaled 844,000, with inbound tourists exceeding 210,000, both setting new single-day records for the National Day holiday.

Meanwhile, data from Macau's tourism industry showed that the average hotel occupancy rate in Macau during the National Day holiday was approximately 80%. During peak periods from the 1st to the 5th, occupancy rates generally exceeded 90%, with several hotels reaching 100% occupancy.

Currently, the Hang Seng Index is trading at 24,032, up 246 points or 1%, with main board turnover nearing 57.6 billion yuan. The H-share Index stands at 8,080, up 69 points or 0.9%. The Hang Seng Tech Index is at 4,131, up 58 points or 1.4%.

Source: etnet The copyright of this article belongs to the original author/organization.

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