Hot stock: Hongkong Land up 7.2% after H1 earnings reverse back into black

SHARES of property company Hongkong Land gained 7.2 per cent as business performance for the first half of the year improved, with its H1 earnings reversing back into profit.

The counter traded at an intraday high of US$5.27 in early trade on Friday (Jul 29) before easing to US$5.21 as at the midday trading break, with nearly 3.9 million shares changing hands.

This is also the highest price it has traded in a month, just a few cents short of its previous high at US$5.30 on Jun 8, 2022.