Hong Kong Stock Market Midday Review – Charm

Futu News reported on September 12 that all three major indices of the Hong Kong stock market have risen, $Hang Seng Index (800000.HK)$ increased by 1.53%, $Hang Seng TECH Index (800700.HK)$ increased by 2.18%, $Hang Seng China Enterprises Index (800100.HK)$ increased by 1.60%.

As of the midday close, there were 1,091 gainers and 918 decliners in the Hong Kong stock market, with 1,162 stocks remaining unchanged.

In terms of sectors, technology stocks showed strong performance, with Baidu Group-SW rising by 8.54%, Alibaba-W increasing by 5.93%, SenseTime-W up by 5.69%, Bilibili-W up by 3.04%, Tencent rising by 2.86%, Kuaishou-W increasing by 2.79%, Xiaomi Group-W up by 1.46%, and Meituan-W gaining 0.47%.

Additionally, non-ferrous metal stocks rose, with Jiangxi Copper Corporation increasing by 7.07%, China Hongqiao Group rising by 6.06%, China Aluminum Corporation up by 5.92%, Luoyang Molybdenum Company increasing by 5.28%, Zhaojin Mining rising by 3.69%, Shandong Gold up by 1.93%, Zijin Mining increasing by 1.43%, and Ganfeng Lithium up by 1.41%.

Mobile game stocks surged, with Bilibili-W rising by 3.04%, Tencent gaining 2.86%, NetEase-S up by 2.78%, Kingsoft increasing by 2.41%, TapTap declining by 1.73%, NetDragon rising by 1.45%, Boyaa Interactive decreasing by 1.43%, and XD Inc. dropping by 0.37%.

Hong Kong retail stocks declined, with Milan Station increasing by 8.93%, Sa Sa International falling by 3.17%, Chow Tai Fook dropping by 3.03%, Prada decreasing by 2.61%, Chow Sang Sang rising by 2.16%, Luk Fook Holdings falling by 1.53%, Giordano International decreasing by 1.21%, and Samsonite rising by 0.36%.

Property service and management stocks strengthened, with Evergrande Property rising by 30.43%, Jin Yi Group Holdings up by 5.19%, Greentown Service increasing by 3.89%, Country Garden Services rising by 3.67%, Sunac Services up by 2.92%, Wanwu Cloud increasing by 1.49%, China Resources Vientiane Life rising by 1.13%, and China Overseas Property declining by 0.19%.

Biotechnology stocks rose, with Beigene-B increasing by 55.11%, Zai Lab rising by 5.86%, Hong Kong Biotech-B declining by 5.18%, Kintor Pharmaceuticals rising by 4.39%, Rongchang Biotech falling by 2.95%, BeiGene rising by 2.12%, WuXi Biologics increasing by 1.56%, and XtalPi Holdings closing unchanged.

In terms of individual stocks, $BABA-W (09988.HK)$ Increase of nearly 6%, $BIDU-SW (09888.HK)$ Increase of over 8%, reports indicate that Alibaba and Baidu are using self-developed chips to train AI models.

$HUTCHMED (00013.HK)$Increased by over 7%, with the latest R&D progress to be introduced at the end of next month; several milestone events are anticipated by institutions.

$CMOC (03993.HK)$Increased by over 5%, as North American cloud providers continue to increase investment in AI; cobalt materials can support a leap in computing power for high-end AI chips.

$YOFC (06869.HK)$Dropped over 4%, with an increase of 3.2 times this year; Morgan Stanley recommends moderate profit-taking on optical modules.

$XPENG-W (09868.HK)$Increased by over 3%, as XPeng’s first extended-range SUV is revealed, featuring XPeng’s latest generation of range extension technology.

$POP MART (09992.HK)$Increased by over 3%, with its popop brand launching a series of solid gold products; UBS stated that the price correction creates a buying opportunity.

$CHINAHONGQIAO (01378.HK)$Surging over 6%, the sustained strong expectations for interest rate cuts are favorable for aluminum prices, and the company’s equity capacity enhancement will boost profits.

$BILIBILI-W (09626.HK)$Rising by over 3%, the new game tests from the three countries are scheduled for October, and institutions are optimistic about the growth potential of the company’s business bolstered by AI.

$COMEC (00317.HK)$Increasing nearly 5%, the tight supply-demand situation in the shipbuilding industry persists, with attention on the group’s progress in resolving intra-industry competition.

$STARPLUS LEGEND (06683.HK)$Rising nearly 15%, the “Superstar Dog” created in collaboration with Yushu Technology will make its first public appearance this weekend.

$ZHOU LIU FU (06168.HK)$Surging over 5%, international gold prices have reached new highs, and institutions state that the rise in gold prices will positively impact jewelry companies’ profit margins.