Market Performance: The HSI fell by 0.9% to 25,781, with the HSCEI and HSTECH also declining by 0.8% and 1.4%, respectively, amid a total market turnover of $227.536 billion.
Gold Price Decline: Gold prices experienced their largest single-day drop in over a decade, impacting major mining companies like Lingbao Gold and Zijin Mining, which saw significant declines in their stock prices.
Consumer and Pharma Stocks: Consumer stock POP MART rose by 2.4% following a substantial revenue increase, while several pharmaceutical stocks showed mixed results, with some advancing and others declining after rating changes.
Economic Indicators: China's PPI and inflation rates for September showed slight improvements, with PPI at -2.3% and inflation at -0.3%, both better than previous values.
Wall Street analysts forecast 00116 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00116 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast 00116 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00116 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 12.610
Low
Averages
High
Current: 12.610
Low
Averages
High
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
