HK-listed brokerage Haitong sinks to 10-1/2-year low on tepid results

Haitong International Securities

25/04/2022 05:59

** Shares of Haitong International Securities Group Ltd
 0665.HK  plunge 14.1% to HK$1.16, their lowest since October
2011, and on course for a third straight session of losses
    ** Stock posts its biggest intraday percentage drop since
February 2018
    ** Stock is the biggest percentage decliner in the Hang Seng
Composite Index  .HSCI  and in the index tracking financials
stocks  .HSCIF  
    ** The Chinese brokerage group says quarterly loss amounted
to HK$640.3 mln ($81.61 mln) for the three-month period ended
March, versus a profit of HK$557.6 mln in the year-ago period,
with income from commission and fee dropping 58% while interest
income down 33%  urn:newsml:reuters.com:*:nFWN2WK1BK
    ** The Hang Seng Composite Index, which tracks financial
stocks  .HSCIF , drops 3%, the Hang Seng Composite Index  .HSCI 
falls 2.7% and the benchmark Hang Seng Index  .HSI  eases 2.6%


    ($1 = 7.8459 Hong Kong dollars)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))