Hong Kong Exchanges and Clearing (OTCMKTS:HKXCY) Stock Jumps 1.7% – Here’s Why

Hong Kong Exchanges and Clearing Limited (OTCMKTS:HKXCY) shares traded up 1.7% during trading on Monday. The stock traded as high as $48.78 and last traded at $48.69. Approximately 116,820 shares traded hands during trading, a decline of 15% from the average daily volume of 137,394 shares. The stock had previously closed at $47.88.

Hong Kong Exchanges and Clearing Stock Performance

The firm has a 50 day simple moving average of $51.48 and a two-hundred day simple moving average of $50.96.

Hong Kong Exchanges and Clearing (OTCMKTS:HKXCY) last issued its quarterly earnings results on Wednesday, August 19th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.05. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.01 billion.

About Hong Kong Exchanges and Clearing

Hong Kong Exchanges and Clearing Limited (HKEX) operates the financial-market infrastructure of Hong Kong. The company owns and operates the Stock Exchange of Hong Kong, Hong Kong Futures Exchange and Hong Kong Securities Clearing Company, providing trading, clearing, settlement and market data services across multiple asset classes.

HKEX supports markets for equities, exchange-traded funds, warrants, initial public offerings, equity derivatives, interest-rate and currency products, and commodities.