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Share Name Share Symbol Market Type Share ISIN Share Description
Hsbc Holdings Plc LSE:HSBA London Ordinary Share GB0005405286 ORD $0.50 (UK REG)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.30 0.31% 422.65 422.15 422.20 427.10 418.80 422.15 34,395,060 16:35:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Banks 53,554.5 10,064.1 22.6 18.9 86,077

HSBC Shares Jump After Ping An Insurance Raises Stake in Bank

28/09/2020 5:42am

Dow Jones News


Hsbc (LSE:HSBA)
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   By Yi Wei Wong 
 

HSBC Holdings PLC's shares advanced Monday after Ping An Insurance (Group) Co. of China Ltd. raised its stake in the lender.

The insurer raised its stake in HSBC to 8.00% from 7.95% through its investment management unit, a stock-exchange filing showed.

"All we have said previously is HSBC is a long-term investment," a Ping An spokesman said about the purchase when contacted by phone on Sunday by the South China Morning Post.

HSBC shares slumped to a low of HK$27.50 last week, their lowest level since 1995.

At the midday break, shares were up 7.8% at HK$30.40.

 

Write to Yi Wei Wong at yiwei.wong@wsj.com

 

(END) Dow Jones Newswires

September 28, 2020 00:27 ET (04:27 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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