HK Stock Market Move | BOYAA(00434) rose by more than 15% after reporting a profit in excess. It is expected that the net profit for the first nine months will increase by approximately 145% to 155% compared to the same period last year.

BOYAA (00434) rose more than 15% after a happy profit, up 14.29% as of press time, at 2.56 Hong Kong dollars, with a turnover of 16.4839 million Hong Kong dollars. On the news side, BOYAA announced that as of the end of the nine months to September 30, 2024, the company's profit attributable to owners is expected to increase by about 145% to 155% compared to the same period last year, mainly due to the fair value of the cryptocurrencies held by the group increasing compared to the purchase cost; an increase in income compared to the same period in 2023; and a lesser decrease in the fair value of financial assets such as equity investments in partnership enterprises compared to the same period in 2023. It is worth noting that Bitcoin broke through $89,000, reaching a new all-time high, with a total market value exceeding $1.72 trillion. It is reported that US President-elect Trump is preparing to take a more relaxed stance on cryptocurrencies, looking for key candidates who are friendly to the crypto industry, and his senior advisor is seeking advice from crypto executives on potential changes in federal policy. Initial discussions are focusing on a range of financial regulatory agencies, including the US Securities and Exchange Commission.