BUZZ-Prudential's Hong Kong stock climbs most in 6 weeks on new business profit growth

Reuters
2024-11-06

** Hong Kong shares of insurer Prudential PLC climb 2.5% to HK$67.30, on track for the biggest one-day gain since Sept 27

** Stock hit the highest since Oct 21, and on course for fourth straight session of gains; fifth biggest gainer in Index tracking financials stocks , which slips 0.9% ** Prudential PLC on Wednesday posted an 11% rise in new business profit for the first nine months of fiscal 2024, as the Asia-focused insurer benefited from strong performance from all its segments

** The insurer said it was on track for the expected 2024 new business profit growth trajectory of 9% to 13%

** London-listed shares slid 0.3% on Tuesday

** In Hong Kong, Hang Seng Finance Index eases 1% and Hang Seng Index falls 1.4%

** Hong Kong stock fell 24.9% YTD, London shares down 27% YTD

(Reporting by Donny Kwok) ((donny.kwok@thomsonreuters.com))

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