Six departments issued documents to promote medium- and long-term capital entry into the market. Agencies say asset-side improvement expectations have increased dramatically
The Zhitong Finance App learned that the Hong Kong Stock Hang Seng Index rose 0.24% to 19826 points; the Hang Seng Technology Index rose 0.10%.
Domestic insurance stocks have risen across the board, and six departments have issued documents to promote medium- to long-term capital entry into the market. Institutions say asset-side improvement expectations have increased dramatically. Xinhua Insurance (01336) rose 3.18%; China Life Insurance (02628) rose 4.53%; China Taibao (02601) rose 4%; and Ping An of China (02318) rose 2.62%.
Chinese brokerage stocks had the highest gains. Policies guided medium- to long-term capital entry into the market, and institutions were optimistic about the increase in both valuation and performance of the brokerage sector. China Merchants Securities (06099) rose 3.36%; CITIC Securities (06030) rose 2.87%.
Listed banks have been paying dividends intensively recently, and there is still room for upward growth in institutional sector valuations. Domestic bank stocks all rose; Postbank (01658) rose 2.86%; ICBC (01398) rose 2.41%; and China CITIC Bank (00998) rose 2.23%.
Harbin Electric (01133) surged more than 26% after profit, with an expected annual net profit of about 1.7 billion yuan.
Changfei Optical Fiber Cable (06869) rose more than 16%. The development of AI is driving the growth in demand for high-speed copper cables, and Nomura is optimistic that its performance will usher in a turning point.
MEDBOT-B (02252) rose by more than 14% in early trading, the total number of comprehensive orders exceeded 100 units, and the international business achieved relatively rapid growth.
Shanghai Electric (02727) increased by more than 10% and signed an agreement with China Land Center to jointly build an intelligent training ground for humanoid robots.
Qiu Titanium Technology (01478) rose another 3.5%, and net profit increased by up to 2.8 times throughout the year. The improvement in mobile phone camera module profit is expected to continue.
Mao Geping (01318) rose more than 3%, 1.4 times higher than the offering price. The company is in a leading position in the high-end beauty industry.
Jinli Permanent Magnet (06680) rose 3.45%. It plans to further expand the production capacity of high-performance rare earth permanent magnet materials. The agency indicated that the discovery of large mines strengthens its strategic position.
Conet Optics (02276) rose 2.77%, and net profit is expected to increase by more than 30% for the whole year. The company is actively developing the smart glasses field.
Lepu Bio-B (02157) rose more than 7%, and the new preclinical ADC drug MRG007 authorized Arrivent, and the total transaction volume reached 1.2 billion US dollars.
Comment(0)
Reason For Report