HK Stock Market Move | HKEX (00388) rose more than 3% in the afternoon, with a year-on-year increase in net profit of 27% to HK$5.188 billion in the first quarter.

HKEX (00388) rose more than 3% in the afternoon, rising 2.85% to 419.2 Hong Kong dollars at the time of writing, with a turnover of 1.329 billion Hong Kong dollars. On the news front, in the afternoon of April 29, HKEX announced its first quarter performance for 2026. The financial report shows that HKEX achieved a new quarterly high in revenue and other income and profit for the first quarter of 2026. Revenue and other income for the first quarter of 2026 were HK$8.203 billion, an increase of 20% year-on-year and 12% quarter-on-quarter, with the main business revenue rising by 22% compared to the first quarter of 2025, reflecting an increase in trading volume in the cash and commodities markets, leading to an increase in trading and clearing fees. Net profit attributable to shareholders was HK$5.188 billion, a 27% increase from the first quarter of 2025. Group Chief Executive Calvin Chan said, "In a volatile macro environment, global investors continue to seek safe havens to capture growth opportunities in Asia. HKEX has started the year 2026 on a strong note, achieving record high revenue and profits in the first quarter. The Hong Kong IPO market continues to show strong momentum, maintaining its position as a global leader in fundraising, with high-quality companies submitting listing applications, further consolidating our position as the preferred financing platform for innovative enterprises."