Futu Holdings Surges to 114th in Trading Volume with HK$7.02 Billion Turnover Despite Stock Price Dip

On May 29, 2025, Futu Holdings (FUTU) experienced a significant increase in trading volume, with a turnover of HK$7.02 billion, marking a 361.52% surge compared to the previous day. This substantial rise in trading activity positioned Futu as the 114th most active stock in the market for the day. However, despite the impressive trading volume, Futu's stock price declined by 0.32%.

Futu Holdings reported robust financial results for the first quarter of 2025, with total revenues reaching HK$4.69 billion, reflecting an 81.1% year-over-year increase. The company's non-GAAP net income also saw a substantial surge, highlighting its strong financial performance. This growth was driven by a 41.6% increase in funded accounts and a 60.2% rise in client assets, demonstrating Futu's effective market penetration strategies, particularly in key regions like Hong Kong and Singapore.

Futu's total assets under management (AUM) reached US$17.9 billion at the end of the first quarter, marking a 118% year-over-year increase. This growth was particularly notable in Hong Kong and Singapore, where the company's AUM saw significant expansion. The company's strategic focus on expanding its presence in these key markets has been instrumental in driving its growth.

Futu's impressive growth in user base and trading volume indicates a robust demand for digital brokerage services. The company's introduction of innovative products, such as Futubull AI and U.S. fractional shares trading, has further strengthened its competitive position in the market. However, the rise in operating expenses, particularly in brokerage and interest costs, suggests a need for careful cost management to sustain profitability.