TipRanks has compiled a list of Wednesday’s biggest pre-market stock movements.
Today’s stock market seems to have been dominated by positive sentiment on U.S.-listed Chinese companies. Stocks jumped significantly in the pre-market trading session following China’s top policymaker statement that the country is working on rolling out some measures to boost the economy and stabilize capital markets.
Also, China’s securities regulator said that it is striving hard to reach an agreement with U.S. regulators on China-U.S. audit supervision cooperation soon.
Therefore, using TipRanks’ new Top Stock Gainers/Losers page, we’ve identified the top five pre-market stock movers, as detailed below.
5 Biggest Movers
KE Holdings Inc. (BEKE) was the biggest gainer in pre-market trading, as the stock surged around 47.9% at the time of writing. The company operates an integrated online and offline platform for housing transactions and services in the People’s Republic of China.
Another gainer, DiDi Global Inc. (DIDI) jumped 43.89% in pre-market trading, at last check. The company is a China-based mobility technology platform.
Also, Shanghai-based Pinduoduo Inc. (PDD) gained 35.48% in pre-market trading at the time of writing. The company is the largest agriculture-focused technology platform in China that connects farmers and distributors with consumers directly through its interactive shopping experience.
Bilibili Inc. (BILI), a provider of online entertainment services for the young generations in the People’s Republic of China, rose in pre-market trading, recording gains of 31.02% at the time of writing. Apart from macro reasons, the surge in price followed the company’s disclosure of receiving approval to voluntarily convert to a dual-primary listing on The Main Board of The Stock Exchange of Hong Kong Limited. Following the conversion, the company will stay as a dual-listed company on the Hong Kong Stock Exchange and the NASDAQ.
China-based Full Truck Alliance Co. Ltd. (YMM) completes the list. It moved upward around 30.8% in pre-market trading at the time of writing. The company operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types.
Continue to watch this space for possible volatility once the market opens. Tomorrow, we’ll have another up-to-date piece on stock Pre-Market Movers…
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