12.02 HK Stock Reviews
On Thursday, the Hong Kong stock market rallied after opening lower in the morning, but then lost momentum and continued to falter, eventually gaining a slight 0.55% to regain the 5-day line, for the first time since the band fell. This means that the base of the earthquake has begun, and it is expected to be a small shock tomorrow. In the next few days, the rebound will be seen near 24300, and it is estimated that there will be another rebound near this location.
Specifically, the Hang Seng Index traded today at 1475.63 billion compared to 1394.90 billion yesterday. Mainland South China's net capital purchases amounted to $13.69 million, and net inflows amounted to $26.03 million. Traditional industries such as finance, real estate and consumer goods warmed, but most of the tech and electronics stocks fell. Mainland securities, insurance, real estate and banking stocks rose, while tobacco stocks benefited from regulatory policy declines; pharmaceutical, metaverse, internet, electricity, new energy generation and other sectors declined.
1. Index situation:
Hang Seng Index rose 0.55% to yield 23788.93 points;
Hang Seng Technology Index fell 0.68% to yield 6017.56 points;
The Hang Seng China Enterprise Index rose 0.95% to yield 8506.36 points.
2. Plate condition:
Some tobacco stocks rose, with Smell International (HK:6969) up 14.69%, China Bolton (HK:3318) up 6.94% and China Tobacco International (HK:6055) up 2.39%. Previously, China's “Electronic Cigarette Management Measures (Consultation Draft)” announced that China will implement a registration system for e-cigarette products and establish a unified nationwide e-cigarette trading management platform.
Mainland securities traded higher, with China Guangda Holdings (HK:0165) up 9.73%, CITIC Securities (HK:6066) up 4.94%, China Central Corporation (HK:3908) up 4.40% and China Merchants Securities (HK:6099) up 4.28%.
Mainland insurance stocks rose, with China Financial (HK:2328) up 3.12%, China Taibao (HK:2601) up 2.43% and China Ping'an (HK:2318) up 2.03%.
Mainland real estate stocks also rose slightly, with China Fusion (HK:1918) up 4.94%, Country Garden (HK:2007) up 4.10%, Hang Da China (HK:3333) up 3.18%, and Wanda Enterprises (HK:2202) up 3.24%.
Tech stocks fell, with Beep Mile (HK:9626) (NASDAQ: BILI) down 6.64%, Starter (HK:1024) down 3.60%, Alibaba (HK:9988) (NYSE: BABA) down 2.47%, and Auto Home (HK:2518) down 9.03%. However, the US conglomerate (HK:3690) rose 1.31% and Tencent Holdings (HK:0700) (OTC: TCTZF) rose 1.02%。 KYOTO GROUP (HK:9618) (NASDAQ:JD) GAINED 0.18%.
Biopharmaceuticals fell for three days in a row, with Concino Biology-B (HK:6185) down 6.84%, Confong Bio-B (HK:9926) down 4.26%, and Pharma Biologics (HK:2269) down 4.83%.
Apple Industrial Chain shares fell slightly, with Rysong Technology (HK:2018) down 1.64% and Shunyu Optical Technology (HK:2382) down 1.38%. Earlier, there were reports that Apple will tell iPhone suppliers that demand has slowed.
HENGDAI AUTOMOBILES (HK:0708) FELL 13.39%, WHILE CHINA'S HANG DAI REDUCED ITS 9 BILLION SHARES OF HENGDAI AUTOMOBILE TO 63.84%.
Rhino (HK:1337) fell 7.86% to close at HK$2.46, despite earlier receiving an offer to privatize Ouroboros (I) Inc., priced at HK$2.82 per share.
NetEasy Cloud Music (HK:9899) fell 2.49% on its first day of trading at HK$199.9 and its issue price was HK$205.00. NetEasy (HK:9999), however, rose 1.97%.
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