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Flat Glass Group Co., Ltd. (HKG:6865) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
Hong Kong stock market closing (07.25) | Hang Seng Index fell 1.77%, barely holding above 17,000 points. The market continues to be under pressure, while certain home appliances and photovoltaic stocks have risen.
Hong Kong stocks followed the downturn of the external market today, with all three major indices falling throughout the day and the decline widening in the afternoon. The Hang Seng Index fell below the 17,000 mark at one point during the day and is currently at a new three-month low.
Hong Kong stock market mid-day review: Hang Seng Index fell by 1.42%, recording 3 consecutive declines. Technology and financial stocks and other weights fell across the board. Photovoltaic stocks bucked the trend and rose.
The three major indexes continue to decline, all recording three consecutive falls.
A stock midday review: The Chinext Price Index rose 0.1%, with more than 4300 stocks rising. The photovoltaic sector has triggered a wave of limit-up trading.
As of the midday closing, the Shanghai Composite Index fell 0.42% to 2889.62, the Shenzhen Component Index rose 0.13%, and the Chinext Price Index rose 0.1%. Over 4300 individual stocks increased.
Hong Kong stock abnormality | Photovoltaic stocks rise against the trend China Photovoltaic Industry Association issued six initiatives, photovoltaic June domestic demand, export double prosperity.
Photovoltaic stocks are rising against the market. As of press time, Flat Glass (06865) rose 8.97% to HK$11.66; Xinyi Solar (00968) rose 4.42% to HK$3.78; and GCL Tech (03800) rose 2.75% to HK$1.12.
HK stocks changes: Flat Glass (06865) rebounds by more than 8% as the controlling shareholder lifts its pledged shares. Institutions stated that the company's inventory level is still relatively high.
Flat Glass (06865) rebounded by more than 8%. As of press time, it increased by 8.22% to HKD 11.58 and turnover was HKD 25.6007 million.
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