HK Stock Market Move | JF SMARTINVEST(09636) rose by over 23%, October's new account data exceeded expectations, and the finance information service business has a strong outlook.

JF SMARTINVEST (09636) has risen by over 23% again. As of September 26, the cumulative increase is close to 400%, and as of the time of publication, it has risen by 17.29% to 26.8 Hong Kong dollars, with a turnover of 1.9 billion Hong Kong dollars. On the news front, the Shanghai Stock Exchange disclosed after the close on November 5 that the number of new A-share account openings in September and October 2024 was 1.83 million and 6.85 million respectively, an increase of 83% and 275% month-on-month, and an increase of 37% and 484% year-on-year. According to the Financial Association, it was previously reported that the industry generally believes that the recent surge in new account openings has brought about a scale of 3-4 million accounts, which exceeds expectations. Everbright Securities pointed out that the number of account openings in October far exceeded expectations, with activity close to that of the second quarter of 2015, and the timing of the disclosure also exceeded expectations. Individual investors have become the main source of incremental funds, and trading volume and brokerage revenue may surpass historical levels. The bank pointed out that the main entry point for incremental investors in this round of market driving is online, with increasing differentiation in account openings among various brokerages, and online customer acquisition capabilities benefiting more from brokerages or platforms. Fangzheng Securities pointed out that the prosperity of the financial information service industry is highly related to market trends, and recommends paying attention to JF SMARTINVEST related to the bottoming out of the fundamentals.