HKTV mall operator jumps most in a month on record sales amid COVID measures

Hong Kong Technology Venture Co

07/02/2022 04:53

** Shares of online shopping mall operator Hong Kong
Technology Venture Co Ltd  1137.HK  jump as much as 6.8% to
HK$8.12, the biggest daily percentage gain since Jan. 5
    ** Stock hit the highest since Jan. 14, and on track for
third consecutive session of gains
    ** Co says its online shopping platform HKTV mall achieved
record performance in January with Gross Merchandise Value (GMV)
on order intake amounting to HK$699 mln ($89.71 mln), up 23.9%
from a year-ago period  urn:newsml:reuters.com:*:nFWN2UE1LS
    ** Says performance benefited from the pre-Chinese New Year
effect and the COVID-related tightening of prevention measures,
and is an encouraging start for 2022 towards its annual GMV on
order intake guidance of HK$7.5 bln – HK$8.0 bln 
    ** Hang Seng Commerce & Industry Index  .HSNC  falls 1% and
Hong Kong composite Industry Index on consumer staples  .HSCICS 
drops 1.6%
    ** The Hang Seng Composite Index  .HSCI  eases 0.2% and the
benchmark Hang Seng Index  .HSI  slips 0.3%



($1 = 7.7921 Hong Kong dollars)

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