TSLA
Tesla
-- 439.952 NVDA
NVIDIA
-- 134.560 AMD
Advanced Micro Devices
-- 121.180 MU
Micron Technology
-- 88.070 QUBT
Quantum Computing
-- 18.345 Hong Kong stock market review: Hang Seng Index rose 0.42%, mainland insurance companies exploded with significant gains, with Ping An Insurance rising more than 9% after the financial results were released.
$Hang Seng Index (800000.HK)$ 、 $Hang Seng China Enterprises Index (800100.HK)$ Rose 0.42% and 0.32%, $Hang Seng TECH Index (800700.HK)$ Weak performance, down 0.26%.
Today, the Hong Kong stock market saw a rapid rise in the afternoon, with the Hang Seng Index and the H-share Index maintaining an upward trend in the afternoon. The closing prices rose by 0.42% and 0.32% respectively, while the Hang Seng Tech Index performed weakly and fell by 0.26%. Net inflow of southbound funds reached 1.497 billion Hong Kong dollars for the whole day, with a total turnover of 97 billion Hong Kong dollars.
Today, the Hong Kong stock market saw a rapid rise in the afternoon, with the Hang Seng Index and the H-share Index maintaining an upward trend in the afternoon. The closing prices rose by 0.42% and 0.32% respectively, while the Hang Seng Tech Index performed weakly and fell by 0.26%. Net inflow of southbound funds reached 1.497 billion Hong Kong dollars for the whole day, with a total turnover of 97 billion Hong Kong dollars.
On the market, large-cap technology stocks showed mixed movements. $KUAISHOU-W (01024.HK)$ rose by more than 1%, $XIAOMI-W (01810.HK)$ 、 $MEITUAN-W (03690.HK)$ Slight increase. $BABA-W (09988.HK)$ 、 $BIDU-SW (09888.HK)$ Decline of nearly 2%; first quarter performance of insurance companies increased significantly, with mainland insurance companies leading the gains throughout the day. Ping An Insurance showed a strong performance with a 9% increase in post-performance. Large-scale infrastructure stocks showed significant gains, with stocks beginning with the middle letter performing well. Defense stocks, golden industrial concept stocks, Tesla concept stocks, and local Hong Kong bank stocks were mostly popular. On the other hand, semiconductor stocks and building materials cement stocks continued to decline. Conch Cement hit a new stage low, while pork industry stocks, dining stocks, beer, and other consumer stocks showed a sluggish performance.
Specifically,
Insurance stocks lead the gains, $PING AN (02318.HK)$ Up more than 9%. $CHINA LIFE (02628.HK)$ increased by over 5%, $CHINA TAIPING (00966.HK)$ 、 $NCI (01336.HK)$ 、 $CPIC (02601.HK)$ up more than 4%, $AIA (01299.HK)$ and other stocks followed the upward trend.
Specifically,
Insurance stocks lead the gains, $PING AN (02318.HK)$ Up more than 9%. $CHINA LIFE (02628.HK)$ increased by over 5%, $CHINA TAIPING (00966.HK)$ 、 $NCI (01336.HK)$ 、 $CPIC (02601.HK)$ up more than 4%, $AIA (01299.HK)$ and other stocks followed the upward trend.
In the first quarter of China Ping An, the operating profit attributable to the shareholders of the parent company was 41.385 billion yuan; the net profit attributable to the shareholders of the parent company was 38.352 billion yuan, a year-on-year increase of 48.9%; the annualized operating ROE reached 18.8%. The basic earnings per share of operations was 2.34 yuan. Open Source Securities believes that considering the good momentum of macroeconomic recovery and the rebound in residents' investment willingness, the demand for savings-type insurance products may remain relatively high, and the bank-insurance channel is expected to maintain significant growth due to its own and external favorable factors. The improvement trend of supply and demand of savings-type products is expected to continue in the second quarter, in addition to the phased increase in sales of high-priced products. It is expected that the insurance liability side will still exceed market expectations in the second quarter.
Heavy infrastructure sector has risen the most. $CHALIECO (02068.HK)$ Up more than 18%. $JIANZHONG CONS (00589.HK)$ Up more than 9%. $CHINA RAIL CONS (01186.HK)$ up more than 4%, $CHINA RAILWAY (00390.HK)$ and other stocks followed the upward trend.
Heavy infrastructure sector has risen the most. $CHALIECO (02068.HK)$ Up more than 18%. $JIANZHONG CONS (00589.HK)$ Up more than 9%. $CHINA RAIL CONS (01186.HK)$ up more than 4%, $CHINA RAILWAY (00390.HK)$ and other stocks followed the upward trend.
Everbright Securities stated that as the post-pandemic economic situation gradually becomes clear and the temperature warms up in the second quarter, the scale of construction projects will continue to expand. It is expected that the growth rate of infrastructure investment this year will remain relatively high, and the physical workload may be better than last year. Guosen Securities stated that local state-owned construction leaders have strong resource advantages and are expected to continue to benefit from high investment in local infrastructure.
Golden industrial concept stocks have risen across the board. $CHINAGOLDINTL (02099.HK)$ 、 $LINGBAO GOLD (03330.HK)$ 、 $Shandong Gold Mining (600547.SH)$ increased by over 3%, $ZHAOJIN MINING (01818.HK)$ 、 $ZIJIN MINING (02899.HK)$ Up more than 1%.
Golden industrial concept stocks have risen across the board. $CHINAGOLDINTL (02099.HK)$ 、 $LINGBAO GOLD (03330.HK)$ 、 $Shandong Gold Mining (600547.SH)$ increased by over 3%, $ZHAOJIN MINING (01818.HK)$ 、 $ZIJIN MINING (02899.HK)$ Up more than 1%.
On the news front, according to the latest statistics from the China Gold Association, the domestic production of raw gold in the first quarter of 2023 was 84,972 tons, an increase of 1.571 tons compared to the same period in 2022, a year-on-year increase of 1.88%; the national gold consumption was 291.58 tons, a year-on-year increase of 12.03%. As the impact of the pandemic gradually subsides and a series of consumption promotion policies take effect, consumer willingness to spend has increased, and the recovery trend of gold consumption in the first quarter is obvious, especially the accelerated growth in gold consumption in February and March.
The lithium battery sector continued to rise. $Ganfeng Lithium Group (002460.SZ)$ increased by over 3%, $BYD ELECTRONIC (00285.HK)$ 、 $TSAKER NE (01986.HK)$ 、 $BYD COMPANY (01211.HK)$ Up more than 1%.
The lithium battery sector continued to rise. $Ganfeng Lithium Group (002460.SZ)$ increased by over 3%, $BYD ELECTRONIC (00285.HK)$ 、 $TSAKER NE (01986.HK)$ 、 $BYD COMPANY (01211.HK)$ Up more than 1%.
On the news front, according to the latest statistics from the China Gold Association, the domestic production of raw gold in the first quarter of 2023 was 84,972 tons, an increase of 1.571 tons compared to the same period in 2022, a year-on-year increase of 1.88%; the national gold consumption was 291.58 tons, a year-on-year increase of 12.03%. As the impact of the pandemic gradually subsides and a series of consumption promotion policies take effect, consumer willingness to spend has increased, and the recovery trend of gold consumption in the first quarter is obvious, especially the accelerated growth in gold consumption in February and March.
The post-pandemic stocks are strong. $SHANDONG XINHUA (00719.HK)$ increased by over 5%, $BAIYUNSHAN PH (00874.HK)$ 、 $CLOVER BIO-B (02197.HK)$ 、 $TRAD CHI MED (00570.HK)$ up more than 4%, $TONG REN TANG (01666.HK)$ Rose more than 2%.
The post-pandemic stocks are strong. $SHANDONG XINHUA (00719.HK)$ increased by over 5%, $BAIYUNSHAN PH (00874.HK)$ 、 $CLOVER BIO-B (02197.HK)$ 、 $TRAD CHI MED (00570.HK)$ up more than 4%, $TONG REN TANG (01666.HK)$ Rose more than 2%.
The semiconductor sector continues to decline, $HG SEMI (06908.HK)$ falling by more than 9%, $HUA HONG SEMI (01347.HK)$ falling by more than 8%, $SOLOMON SYSTECH (02878.HK)$ It fell more than 2%. $SHANGHAI FUDAN (01385.HK)$ The market fell together.
Movie stocks are weakening, $HUANXI MEDIA (01003.HK)$ 、 $IMAX CHINA (01970.HK)$ Fell by over 4%, $STRAWBEAR ENT (02125.HK)$ It fell more than 3%. $ALI PICTURES (01060.HK)$ Fell over 2%.
At the stock level, cm bank fell more than 5%, reporting hk$37.5, with a total market value of hk$945.7 billion. The company announced yesterday that its net operating income for the first quarter was 90.625 billion yuan, a year-on-year decrease of 1.49%; the net profit attributable to the parent company was 38.839 billion yuan, a year-on-year increase of 7.82%. The president of cm bank said that the main challenge for this year's revenue is the narrowing of net interest income due to repricing leading to a gap in net interest income growth. Assistant President of cm bank, Peng Jiawen, added, "Everyone should be mentally prepared for the downward trend in net interest margin."
Today, the net inflow of southbound funds was hk$1.495 billion, with net inflow of hk$0.433 billion through the Shanghai-Hong Kong Stock Connect and hk$1.062 billion through the Shenzhen-Hong Kong Stock Connect.
Looking ahead, while the fundamentals and liquidity of the Hong Kong stock market are not yet fully warmed up, the medium- to long-term outlook remains positive; in the short term, be cautious of short-term disturbances caused by certain news and data. In terms of allocation, continue to be bullish on the consumer sector with higher certainty in the recovery cycle.
Stars of Tomorrow: $BYD Company Limited (002594.SZ)$
Policy encourages the leading electric vehicle company to go global, BYD with its price advantage, is expected to continue increasing market share in Europe and America.
Policy encourages the leading electric vehicle company to go global, BYD with its price advantage, is expected to continue increasing market share in Europe and America.
Hope my shares can bring some practical help to everyone, it is not easy to summarize and quote, your support, likes, comments, and messages are the greatest encouragement and help to me, each post and conclusion took a lot of time and effort, grateful to all friends.![]()
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