Henderson Land rose 8.2% after being included in the FTSE Real Estate Subsector Index, with Henderson Investment soaring 15% within the sector

AASTOCKS
2025.06.05 03:35

Hong Kong stocks continued their upward trend from the past two days, opening high by 174 points this morning (5th) and reaching a peak of 257 points at 23,911. The latest report shows 23,806, up 152 points or 0.6%, with a turnover of HKD 116.511 billion.

A brokerage firm stated that the sales of new properties in various districts remain strong, boosting market sentiment. Since last month, interbank rates have significantly declined, with the one-month Hibor dropping below 1 cent (latest report today is 0.7 cents), which helps ease mortgage interest rates and reduce banks' funding cost pressures.

The local real estate sector rose, with Henderson Land Development (00012.HK) going ex-dividend today and being included in the FTSE EPRA Nareit Global Real Estate Index Series, effective after market close on June 20 (Friday). Henderson Land reached a high of HKD 25.15 this morning (5th). It is currently reported at HKD 24.6, up 5.81%, with trading volume surging to HKD 383 million. Within the sector, Henderson Investment (00097.HK) is currently reported at HKD 0.145, up 15.08%, with a trading volume of HKD 1.234 million.

China Galaxy Securities estimates that the tracking index fund needs to purchase up to 1% of Henderson Land's issued share capital, equivalent to about 11 days of average trading volume over the past 12 months; it is expected that more passive funds will purchase Henderson Land shares in the coming weeks, which will benefit the stock price.

Other major developers and rental stocks also performed well, with Link REIT (00823.HK) slightly up 0.6%, Sun Hung Kai Properties (00016.HK), New World Development (00017.HK), Sino Land (00083.HK), and K. Wah International (01997.HK) rising between 1.1% and 1.6%. Cheung Kong (Holdings) (01113.HK) and Swire Properties (01972.HK) rose by 2.2% and 2.9%, respectively, while Hysan Development (00014.HK) rose by 3%, and Hang Lung Properties (00101.HK) surged by 4%

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