Up 96.92%! This Chinese concept brokerage stock is soaring
teddygirl86
发表于 2024-3-3 09:35:02
3174
0
0
This Chinese concept brokerage stock has gone crazy.
On March 1st, the stock price of Haichuan Securities, a Chinese concept securities firm, surged significantly, with the highest intraday increase of 186%. As of the close, it rose 96.92%, with a transaction volume of 208 million US dollars, closing at 2.56 US dollars per share, and a total market value of 510 million US dollars.
On Friday local time, the S&P 500 index and Nasdaq hit new historical highs. The S&P 500 index closed above 5100 for the first time. The market continues to pay attention to the US stock market financial reports and the prospect of interest rate cuts by the Federal Reserve. The data shows that the manufacturing industry in the United States further declined in February, and the weak consumer confidence index at the University of Michigan strengthened market expectations for a rate cut in June.
Haichuan Securities surged 96.92%
It is understood that Haichuan Securities, whose stock price has surged by 96.92%, is a Chinese listed securities and financial institution in the United States.
According to the official website of Haichuan Securities, it was founded in Beijing on June 1, 2015 and submitted its registration and issuance documents to the US Securities Regulatory Commission on June 1, 2018. Haichuan was listed on the NASDAQ main board market in January 2019, with the stock code "MTC".
It is reported that Haichuan Securities was formerly known as "Meimei Securities". In 2016, Meimei Securities Co., Ltd. acquired Whitewood Securities Company, an established American brokerage firm founded in 1937. It is a senior member of the Financial Industry Regulatory Authority (FINRA) and Securities Investor Protection Corporation (SIPC) in the United States. The company's main business includes securities brokerage, placement and underwriting, as well as providing investment consulting.
In 2020, the company renamed its Chinese brand name "Meimei Securities" to "Haichuan Securities". At the same time, the management of the company stated that while retaining its original business foundation, it will actively carry out overseas securities private equity fund custody, fund investment manager incubation, and main brokerage business. In addition, Haichuan Securities will also invest its core business in more diversified markets. While steadily developing its existing market, it will actively expand its services to the North American and Hong Kong markets, creating more investment opportunities for more domestic and foreign enterprises and investors.
Financial data shows that as of June 30, 2023, Haichuan Securities had a revenue of 2.8564 million US dollars in the first half of 2023, a year-on-year increase of 289.48%; Net profit was $-14377400, a year-on-year decrease of 397.97%.
From the historical stock price performance, the issue price of the stock was $4 per share. From June to July 2019, the company's stock price experienced a significant increase, with a historical peak of $19.55 per share. However, since then, the stock price has plummeted significantly, and since the end of 2021, the stock price has been below $1 per share for a long time.
Nasdaq and S&P hit new highs
On March 1st, the three major US stock indexes closed higher, with the Nasdaq and S&P hitting historic closing highs. As of the close, the Dow Jones Industrial Average rose 90.99 points to 39087.38 points, an increase of 0.23%; The S&P 500 index rose 40.81 points to close at 5137.08, an increase of 0.80%; The Nasdaq Composite Index rose 183.02 points to close at 16274.94, an increase of 1.14%.
Popular technology stocks rose generally, with Broadcom up over 7%, AMD up over 5%, setting a new historical closing high, Nvidia up 4%, closing market value reaching $2 trillion for the first time, Qualcomm up over 3%, and Meta up over 2%. Dell Technology's performance exceeded expectations, with its stock price soaring by over 31%, reaching a new closing high since its 2019 US IPO.
On the news front, the market continues to pay attention to the US stock market financial reports and the prospect of the Federal Reserve's interest rate cuts. The data shows that the manufacturing industry in the United States further declined in February, and the weak consumer confidence index at the University of Michigan strengthened market expectations for a rate cut in June.
The inflation data released on Thursday showed that, excluding food and energy, the personal consumption expenditure (PCE) price index in the United States rose 0.4% month on month in January, the largest increase in nearly a year, but in line with market expectations.
Vital Knowledge founder Adam Crisafulli stated in a research report that we still belong to the firm belief that inflation is declining and that the Federal Reserve will be forced to cut interest rates in June.
LPL Financial's Quincy Krosby said that for markets closely monitoring when the Federal Reserve will shift towards loose interest rates, this report will help restore confidence that the Fed will start cutting interest rates in 2024 not "yes", but "when".
However, there are also different sounds appearing. On March 1st, Torsten Slok, Chief Economist of US private equity giant Apollo Management, stated that the US economy has not slowed down, but is accelerating again, and inflation is starting to rebound, which will prevent the Federal Reserve from lowering interest rates in 2024.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- This well-known brand announces: applying for bankruptcy protection! Many people have bought
- Hot search! Is the iPhone 16 series reduced by 1200 yuan? The first batch of this model is sold out in seconds, and the Desert Gold version is the most popular
- Renowned securities firm fined! Suspend this business for one month
- Beware of the US election triggering market volatility! BlackRock: This risk is underestimated
- This US funded enterprise has clarified its confidence and direction for development in China through the CIIE
- The price suddenly plummeted! This iPhone has a minimum discount of half price! What's going on?
- The "Free Kitchen" product of this fast food restaurant in Guangzhou is still on sale
- This US stock rose nearly 40% in pre-market trading! What happened?
- Xiaopeng Motors: A former employee accepted paid interviews with securities firms using their original identity and fabricated a large amount of false information
- Trigger circuit breaker! Soaring by over 50%! The stock price of this company has risen by over 1700% this year
-
隔夜株式市場 世界の主要指数は金曜日に多くが下落し、最新のインフレデータが減速の兆しを示したおかげで、米株3大指数は大幅に回復し、いずれも1%超上昇した。 金曜日に発表されたデータによると、米国の11月のPC ...
- SNT
- 前天 12:48
- 支持
- 反对
- 回复
- 收藏
-
長年にわたって、昔の消金大手の捷信消金の再編がようやく地に着いた。 天津銀行の発表によると、同行は京東傘下の2社、対外貿易信託などと捷信消金再編に参加する。再編が完了すると、京東の持ち株比率は65%に達し ...
- SNT
- 前天 12:09
- 支持
- 反对
- 回复
- 收藏
-
【GPT-5屋台で大きな問題:数億ドルを燃やした後、OpenAIは牛が吹くのが早いことを発見した】OpenAIのGPT-5プロジェクト(Orion)はすでに18カ月を超える準備をしており、関係者によると、このプロジェクトは現在進 ...
- SNT
- 1 小时前
- 支持
- 反对
- 回复
- 收藏
-
【ビットコインが飛び込む!32万人超の爆倉】データによると、過去24時間で世界には32万7000人以上の爆倉があり、爆倉の総額は10億ドルを超えた。
- 断翅小蝶腥
- 3 天前
- 支持
- 反对
- 回复
- 收藏