Guosen Securities: International crude oil prices have rebounded significantly, bullish on the rise in demand during the peak season of quantity and price.

It is expected that international oil prices will remain in the medium to high range in 2024, and the upstream oil and gas extraction sector will maintain a high level of prosperity.

Zhitong FinanceJul 2 08:09 ET

Northbound funds| Net buy of 5.953 billion yuan, high-dividend assets are sought after again. Domestic funds rush to buy over 1.7 billion Hong Kong dollars of China Construction Bank (00939).

According to the report from the Wisdom Financial app, Northbound investment net bought 5.953 billion Hong Kong dollars on July 2nd at the Hong Kong Stock Market, including a net buy of 2.318 billion Hong Kong dollars through the Shanghai-Hong Kong Stock Connect and a net buy of 3.635 billion Hong Kong dollars through the Shenzhen-Hong Kong Stock Connect. The top three stocks in which Northbound investment net bought the most are China Construction Bank Corporation (00939), Industrial and Commercial Bank of China (01398), and Tracker Fund of Hong Kong (02800). The top three stocks in which Northbound investment net sold the most are Tencent (00700), Brilliance Chi (01114), and China Telecom (00728). The active trading stocks through Shanghai-Hong Kong Stock Connect, active trading stocks through Shenzhen-Hong Kong Stock Connect, and China Construction Bank Corporation (0093) were the most active stocks.

Zhitong FinanceJul 2 05:55 ET

On the first trading day of July, the Hang Seng Index once again staged a high-rush comeback.

Article / ATFX HSI rose 671 points or 3.9% in the first half of the year. On the first trading day of July, after a low opening, it rose more than 200 points. The HSI closed at 17819 at midday, up 100 points or 0.6%; the afternoon increase narrowed. The technology index showed fluctuations, with a half-day report of 3548.78 points, down 0.17%, and the national index reported 6392 points, up 0.95%. The technology index maintained its weakness in the afternoon, and the main technology stocks fluctuated. Tencent (00700) fell by nearly 1%, Bilibili (09626) fell by 5%, Baidu (09888) fell by nearly 2%, and Alibaba (09988) fell slightly by 0.2%.

金吾財訊Jul 2 04:38 ET

Hong Kong stock concept tracking | Crude oil product trading prices approach a two-month high point, and the profits of the three national oil companies are expected to further increase. (Attached concept stocks)

According to the Wisdom Financial APP, crude oil trading reached a two-month high after breaking through the recent trading range due to escalated tensions in the Middle East and concerns about the rapid start of the Atlantic hurricane season. Traders evaluated the worsening geopolitical risks in Europe and the Middle East and hurricanes in the Caribbean. WTI closed above $83 per barrel, the highest level since April, breaking through last week's narrow trading range. Brent also closed above $86 per barrel, the highest level in over two months. In a report, ING analysts said that the market's expectations for tighter supply and demand continue to attract speculative capital, as the latest trader data shows a net long position.

Zhitong FinanceJul 1 22:25 ET

AH trends diverge, Hang Seng Index up 0.6%, CNOOC up 4%, national bond futures slightly rebound.

Rare earth permanent magnets concept stocks pull back, photovoltaic and lithography themes also weaken. Hong Kong's real estate, banks, and oil & gas stocks are strong, CNOOC up 4%, Agricultural Bank of China and China Merchants Bank rise more than 2%. After experiencing a sharp drop yesterday, national bond futures rebounded in early trading, with 10-year and 30-year national bond futures contracts rising nearly 0.1% in early trading.

wallstreetcnJul 1 22:02 ET

Hong Kong stock market fluctuations: Petroleum stocks rose in early trading, PetroChina (00857) rose more than 3%. Citi Index indicated that current oil prices are significantly higher than intrinsic value.

Petroleum stocks rose in early trading, as of press time, PetroChina (00857) rose 3.54% to HKD 8.18; CNOOC (00883) rose 2.90% to HKD 23.05; Kunlun Energy (00135) rose 2.72% to HKD 8.32.

Zhitong FinanceJul 1 22:00 ET