Another Quarter of Strong Equity Turnover Underpins HKEx's 4Q Result
Another quarter of higher equity trading volume underpinned Hong Kong Exchange and Clearing's, or HKEx's, strong fourth-quarter result. For the full year, net profit increased 28% to HKD 7.49 billion, largely in line with our forecast of HKD 7.53 billion. The buoyant equity trading volume in the fourth quarter capped a strong year for equity markets in Hong Kong, with the Hang Seng Index rallying 35% for 2017. Average daily turnover of HKD 87.8 billion for fiscal 2017 improved markedly from HKD ...
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