Hong Kong stock reviews: Hengke Index rose 2.16%, technology stocks soared, and automobile and Chinese brokerage stocks were strong throughout the day

There was a significant net inflow of capital going south to HK$9.023 billion throughout the day, and the market turnover was HK$136.5 billion.

Hong Kong stocks opened low and moved higher, and the three major indices rose rapidly in the afternoon. $Hang Seng TECH Index(800700.HK)$ At one point, it rose nearly 3%, and closed 2.16% to 4254 points. $Hang Seng Index(800000.HK)$ 、 $Hang Seng China Enterprises Index(800100.HK)$ It increased by 1.68% and 2.05%, respectively. There was a significant net inflow of capital going south to HK$9.023 billion throughout the day, and the market turnover was HK$136.5 billion.

On the market, the rise of large technology stocks in the afternoon helped the market to become popular. $MEITUAN-W(03690.HK)$ An increase of about 5%, $XIAOMI-W(01810.HK)$ Increased by 3.6%, $TENCENT(00700.HK)$ 、 $NTES-S(09999.HK)$ 、 $Alibaba(BABA.US)$ They all rose; Cui Dongshu pointed out that the auto market growth in April will be astonishingly high. Auto stocks will be strong throughout the day, and the new car-building force “Wei Xiaoli” will lead; in the first quarter, the multi-stock performance of the industry increased dramatically, Chinese brokerage stocks strengthened, and large infrastructure stocks generally rose, leading in the direction of large infrastructure stocks; Haoju stocks, petroleum stocks, aviation stocks, coal stocks, etc. rose sharply. $PETROCHINA(00857.HK)$ The increase of nearly 5% recorded 5 consecutive increases. On the other hand, sales prices in the industry have declined, and building materials and cement stocks have bucked the trend and declined. $CNBM(03323.HK)$ After the performance, it plummeted nearly 8%. Recently, active gold stocks and biomedical stocks collectively pulled back, and Zhaojin Mining fell close to 3.6%.

Let's take a look specifically:

Most of the large technology stocks have risen. $XPENG-W(09868.HK)$ An increase of more than 12%, $NIO-SW(09866.HK)$ An increase of more than 6%, $LENOVO GROUP(00992.HK)$ 、 $LI AUTO-W(02015.HK)$ It rose more than 5%, Meituan rose by more than 4%, and Xiaomi Group and SMIC followed suit.

Auto stocks rose sharply. Xiaopeng Motor led the rise by more than 12%, NIO and Great Wall Motor rose more than 6%, Ideal Auto, $LEAPMOTOR(09863.HK)$ An increase of more than 5%, $GEELY AUTO(00175.HK)$ 、 $BAIC MOTOR(01958.HK)$ Wait until it rises.

According to the news, Cui Dongshu, Secretary General of the Passenger Transport Federation, recently published an article saying that the Chinese automobile market will face a gradual upward trend in 2023, and that the car market in January-February will be greatly affected by the Spring Festival factors and the withdrawal of subsidies. Driven by last year's low base, commercial vehicles in the Chinese automobile market recovered strongly in March, while the passenger car market recovered more slowly due to the impact of promotional wars. The growth of the auto market in April will be astonishingly high. According to data from the China Automobile Association, the auto market continued its previous bright spot in the first quarter, new energy vehicles continued to grow at a high rate, and exports had a good start.

Chinese brokerage stocks are strong, $SWHYHK(00218.HK)$ An increase of more than 8% led the rise, $CISI FIN(06058.HK)$ An increase of 6%, $CICC(03908.HK)$ 、 $GF SEC(01776.HK)$ An increase of more than 5%, $HTSC(06886.HK)$ 、 $CMSC(06099.HK)$ 、 $EB SECURITIES(06178.HK)$ Wait until it rises.

Industry insiders believe that the gold market is full of contradictions at this stage. Positive economic data gives investors hope, and the Fed's tough speech has left them in a state of panic. In the short term, the price of gold will still fluctuate due to objective factors; in the long run, the price of gold may usher in a wave of trending increases.

Agricultural products stocks had the highest decline, $HUA LIEN INT'L(00969.HK)$ A drop of more than 5%, $HONGJIU FRUIT(06689.HK)$ 、 $CHINA FIN INV(00875.HK)$ 、 $CHAODA MODERN(00682.HK)$ Decreased by more than 3%.

Changes in individual stocks

$IGG(00799.HK)$ It closed up 24.47% to a record high of HK$5.85. The cumulative increase during the month reached 88.64%, and went beyond 8 consecutive gains. The total market value is now HK$7.05 billion. According to news, IGG's doomsday survival-themed tower defense strategy mobile game “Doomsday: Last Survivors” surged 414% month-on-month to 6.7 million times in March, ranking 2nd in the March mobile game download list. Among them, the Android platform contributed nearly 85% of downloads. CITIC Construction Investment pointed out that in the future, with normalized version distribution, supply in the game industry will resume, which is expected to drive the industry to resume a healthy development trend.