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Capital movements | Northbound funds increased their holdings in Alibaba by nearly 1 billion Hong Kong dollars, while selling Xiaomi for more than 1.8 billion Hong Kong dollars for three consecutive days.
Track the latest trends of southward capital.
Hong Kong stocks closed (03.28) | The Hang Seng Index fell by 0.65%, with the Pharmaceutical and Golden Industrial Concept sectors rising against the trend, while the Semiconductors Sector faced pressure.
Hong Kong stocks opened higher today but fell lower, with the Hang Seng Index and the National Index both dropping more than 1% in the afternoon, and the Hang Seng Technology Index seeing a decline of over 2% at one point.
SMIC's 2024 Profit Slides 45%; Hong Kong Shares Fall 4%
Hong Kong stock movement | Semiconductor Manufacturing International Corporation (00981) fell over 3% with annual sales revenue reaching a record high, while net profit decreased by 45.4% year-on-year.
Semiconductor Manufacturing International Corporation (00981) opened lower in the morning but then turned to increase, followed by another decline, currently down over 3%, as of the time of publication, down 3.48%, priced at 48.6 Hong Kong dollars, with a transaction amount of 3.33 billion Hong Kong dollars.
Announcement Highlights | "Flash" placement! NIO plans to issue no more than 0.119 billion shares; Semiconductor Manufacturing International Corporation's revenue is expected to grow nearly 28% year-on-year in 2024.
CNOOC's net profit in 2024 exceeds 130 billion yuan; New China Life Insurance's annual profit increased approximately twofold year-on-year.
SMIC: SMIC 2024 Annual Report