$BRIGHT SMART(01428.HK), $UP Fintech(TIGR.US) both saw slight gains. On days when Hong Kong stock market turnover expands, small brokerages get a sip of the soup.
The logic for brokerage stocks is simple and crude: if the market heats up, they heat up; if the market cools down, they cool down first. With the Hang Seng Index seeing increased volume this round, holding a little as a market temperature gauge is fine, but don't make it your main position 🙃
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
