Futu Holdings Stock Plummets 6.39% Amid Phishing Scams and Trading Volume Surge to 411th Rank

On June 20, 2025, Futu Holdings Limited (FUTU) experienced a significant decline in its stock price, dropping by 6.39%. The company's trading volume for the day was 2.17 billion, marking a 32.63% increase from the previous day. This placed Futu at the 411th position in terms of trading volume among all stocks traded that day.

Hong Kong has recently witnessed a surge in phishing scams targeting clients of Futu Securities, resulting in losses exceeding HK$20 million. This security breach has raised concerns among investors and could potentially impact Futu's reputation and client trust.

Despite the challenges faced by Futu, the broader Hong Kong stock market showed positive performance. The Hang Seng Index, Hang Seng China Enterprises Index, and Hang Seng TECH Index all closed higher, indicating a general bullish sentiment in the market. This positive market environment could provide some support for Futu's stock price in the coming days.

However, the recent phishing scams and the subsequent financial losses may overshadow the positive market sentiment, leading to further volatility in Futu's stock price. Investors will be closely monitoring the company's response to the security breach and its efforts to regain client trust.