HK's Bright Smart Securities hits over 3-1/2-year high on strong outlook

Bright Smart Securities & Commodities

07/07/2020 06:20

** Shares of financial services provider Bright Smart
Securities & Commodities Group Ltd  1428.HK  surge 19.5% to
HK$2.27, the highest since Oct 2016 
    ** Stock later trims gain to HK$2.14, still 12.6% higher,
and on track for sixth consecutive session of gain 
    ** Co expects quarterly net profit to rise 53% from last
year due to software and hardware development, as well as
investment to improve online trading platforms  urn:newsml:reuters.com:*:nFWN2ED025
    ** Says number of new clients increased by 2.1 times during
quarter, vs a year ago, with number of client logins on each
platform rising 53%
    ** As of last close, stock had soared 122.6% this year
    ** Bright Smart Securities has outperformed the Hang Seng
Finance Index  .HSNF  by 64.7 percentage points in the past
month
    ** The Hang Seng China Enterprises index  .HSCE  rises 0.3%,
while the benchmark index  .HSI  gains 0.1%

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)