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Federal Bank transitioning from value to quality stock, can rally up to 24%: Nomura

Posted by Able on September 29, 2024

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Stock Market LIVE Updates: Hong Kong stocks notch 9-day winning streak in longest rally since 2018

Hong Kong stocks extended their rally on Friday, supported by ongoing positive market sentiment fueled by China's increased economic stimulus measures. The Hang Seng Index surged by 1.5%, marking its ninth consecutive day of gains, the longest winning streak since January 2018. Hong Kong-listed Chinese tech giants also saw continued gains, closing 2.7% higher.

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Federal Bank transitioning from value to quality stock, can rally up to 24%: Nomura

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