On Wednesday, December 13, the three A-share indices all opened low. The Shanghai Index opened at 2997.34 points, down 0.20%. The Shenzhen Index opened at 9606.48 points, down 0.20%. The GEM index opened at 1899.34 points, down 0.24%. The Beijing Stock Exchange 50 Index opened 0.11% lower.
Hong Kong stocks opened lower today. The Hang Seng Index opened down 0.38% to 16311.71 points, and the Hang Seng Technology Index fell 0.72%. Xiaopeng Motor fell by more than 3%, JD Group, GDS, and NIO fell by more than 2%, and Alibaba and Baidu Group fell by more than 1%.
As of press release, the Hengke Index was down more than 1%.
On the A-share market, sectors such as gas, medicine, media, and electricity registered the highest gains, while sectors such as real estate, food, photovoltaics, automobiles, and small metals registered the highest declines.
Individual stocks fell more and rose less. As of press release, over 3,500 stocks in the Shanghai and Shenzhen markets had turned green.
The resumption of trading by Wanda Film today went up and down. According to the news, the company announced that on December 12, 2023, Wanda Culture Group, Beijing Hengrun, and Wang Jianlin signed an “Share Transfer Agreement” with Ruyi Investment, and the actual controller of the company will be changed to Coliming.
In terms of Hong Kong stocks, NEV stocks had the highest declines. NIO fell by more than 4%, Xiaopeng Motor by more than 3%, and Ideal Auto by more than 2%.
Real estate stocks declined. Times China Holdings fell 5%, Sunac China fell by more than 4%, and Xincheng Development and Xuhui Group Holdings fell more than 3%.
Country Garden fell nearly 3%. According to Country Garden's official WeChat account, in 2023, Country Garden Group will do its best to reduce administrative expenses, and the total amount will be drastically reduced by nearly 60% compared to 2021. According to Country Garden, at present, the company has cancelled all executive vehicle allocations.
On the evening of December 12, Country Garden issued a voluntary announcement stating that in line with the industry and actual business needs, the company's executive directors Yang Huiyan, Mo Bin, and Yang Ziying, and non-executive director Chen Chong took the initiative to request a reduction in remuneration, and adjusted the latest annual remuneration as a director to 120,000 yuan, or 10,000 yuan per month.
The biomedical sector boosts traditional Chinese medicine and the strengthening of anti-influenza concepts
BailiTianheng rose more than 16%, while Tonghua Jinma, Nanning Department Store, and Jinling Pharmaceutical rose and stopped.
Gas stocks are active
Shouhua gas rose more than 4%, and Changchun gas rose more than 2%.
Real estate pullback
Urban Construction Development, Xincheng Holdings, Jindi Group, and Poly Development all fell by more than 2%.
The concept of liquor has declined
Luzhou Laojiao fell more than 2%, while Yingjiao Gongjiu, Shuijingfang, Alcoholic Liquor, Gujing Gongjiu, Shede Liquor, and Kweichow Moutai all fell more than 1%.