In Q1, Futu Holdings' Total Client Assets Increased 11.2% YoY, Daily Average Client Assets Were HK$480.0B, up by 6% YoY, Total Trading Volume of HK$1.3T, up by 9.5% YoY
Portfolio Pulse from Benzinga Newsdesk
Futu Holdings reported strong Q1 2024 operational results with significant year-over-year growth in client assets, trading volume, and user base. Total client assets increased by 11.2% YoY to HK$517.9 billion, and total trading volume rose by 9.5% YoY to HK$1.3 trillion.
May 28, 2024 | 8:12 am
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Futu Holdings reported strong Q1 2024 results with total client assets increasing by 11.2% YoY to HK$517.9 billion and total trading volume rising by 9.5% YoY to HK$1.3 trillion. The number of paying clients also saw a significant increase of 23.5% YoY.
The strong year-over-year growth in key metrics such as client assets, trading volume, and the number of paying clients indicates robust operational performance. This is likely to positively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100