Why Lufax Holding Ltd. (LU) Went Up On Friday

We recently published a list of These 10 Firms Led Friday’s Rally, Here’s Why. In this article, we are going to take a look at where Lufax Holding Ltd. (NYSE:LU) stands against other firms that led Friday’s rally.

The stock market ended the week stronger with all its major indices closing higher as investors repositioned portfolios ahead of more corporate earnings next week while navigating an evolving global trade environment.

The tech-heavy Nasdaq surged by 1.26 percent, while the S&P 500 and Dow Jones eked out marginal gains of 0.74 percent and 0.05 percent, respectively.

Meanwhile, 10 companies mirrored the broader market sentiment, ending the trading week with modest gains. In this article, we have listed the 10 top-performing stocks and detailed the reasons behind their gains.

To come up with the list, we considered only the companies with a $2-billion market capitalization and $5-million trading volume.

A person’s hands typing on a keyboard, circling around a wealth management platform, signifying the company’s cutting-edge technology.

Lufax Holding Ltd. (NYSE:LU)

Lufax Holding rose for a fifth consecutive day on Friday, adding 5.76 percent to end at $3.12 apiece as investors continued to cheer the company’s leadership reshuffling amid an ongoing investigation into certain transactions between 2022 and 2024.

In a regulatory filing on the Hong Kong Stock Exchange, LU announced the immediate resignation of Yong Suk Cho as the company’s board chairman. He will be replaced by Dicky Peter Yip, who previously served as independent non-executive director for the company.

Cho, however, will continue to serve as LU’s chief executive officer and executive director.

Meanwhile, Yip, 78, has served as an independent non-executive director of Sun Hung Kai Properties Limited since September 2004. He also joined HSBC in 1965 and subsequently served as the chief executive of the China business from January 2003 to May 2005, a general manager of HSBC from April 2005 to June 2012, and an executive vice president of Bank of Communications Co., Ltd., among others.

Overall, LU ranks 4th on our list of firms that led Friday’s rally. While we acknowledge the potential of LU as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than LU but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.