Hong Kong Stock Market News | Most gaming stocks rebound, Huoyan Holdings surges 31%, institutions optimistic about investment value in the gaming sector.
Most gaming stocks rebounded. As of the time of writing, Huoyan Holdings rose 19.91% to HKD 0.265, while Hometown Interactive rose 3.61% to HKD 2.01.
According to the information obtained from the Zhongtong Finance APP, most gaming stocks have rebounded. As of the time of writing, Huoyan Holdings (01909) has risen by 19.91% to HKD 0.265; Hometown Interactive (03798) has risen by 3.61% to HKD 2.01; Xindong Company (02400) has risen by 2.79% to HKD 13.28; IGG (00799) has risen by 2.03% to HKD 3.01; NetEase-S (09999) has risen by 1.31% to HKD 154.7.
In terms of news, the National Press and Publication Administration recently announced the approval information for domestic online games in September 2023, with a total of 89 imported version numbers issued this time. Guojin Securities pointed out that the recovery in supply is driving performance release, coupled with the previous correction in the gaming sector, and sees investment value in the gaming sector. Shouchuang Securities stated that cultural and entertainment consumption is steadily recovering, and there is hope for increased elasticity during the Mid-Autumn Festival and National Day. The industry is expected to recover as scheduled, and gaming companies still have the best cost-effectiveness.