According to Futu News on February 25, the three major indexes of Hong Kong stocks rose collectively, with the Hang Seng Index up by 0.75%, the Technology Index up by 0.34%, and the China Enterprises Index up by 0.90%.
By midday close, 1,244 Hong Kong stocks had risen, 781 had fallen, and 1,138 remained unchanged.
In terms of sectors, most technology and internet stocks rose, with SenseTime-W down by 3.07%, Meituan-W up by 2.33%, Tencent up by 1.25%, Alibaba-W up by 0.88%, NetEase-S down by 0.67%, Kuaishou-W up by 0.38%, Baidu Group-SW up by 0.15%, and Xiaomi Group-W down by 0.11%.
Construction material stocks saw widespread gains, with Anhui Conch Cement up by 5.77%, CR Materials Technology up by 5.21%, Asia Cement (China) up by 4.18%, China Lesso Group up by 4.06%, Hua Jian Materials up by 3.81%, Western Cement up by 2.66%, BBMG Corporation up by 2.35%, and China National Building Material up by 0.57%.
Sports goods stocks performed strongly, with Top Sports up by 7.90%, Anta Sports up by 4.44%, China Dongxiang up by 4.35%, Li Ning up by 2.68%, Lexin Outdoor down by 2.55%, Xtep International up by 2.43%, 361 Degrees up by 1.77%, and Yue Yuen Industrial Holdings up by 0.33%.
Non-ferrous metals stocks gained strength, with Aluminum Corporation of China up by 6.28%, Minmetals Resources up by 5.26%, Luoyang Molybdenum Industry up by 4.13%, Jiangxi Copper Corporation up by 3.58%, Ganfeng Lithium up by 2.79%, China Hongqiao Group up by 2.72%, Zijin Gold International up by 2.41%, and Zijin Mining up by 2.41%.
Gold stocks surged, with Lingbao Gold (Hundred) up by 6.13%, China Gold International up by 3.15%, Zijin Gold International up by 2.41%, Zijin Mining up by 2.41%, Zhaojin Mining Industry up by 2.17%, Tongguan Gold up by 1.34%, Shandong Gold up by 1.02%, and Chifeng Gold up by 0.31%.
Shipping and port stocks delivered impressive performance, with COSCO Shipping Development up by 7.83%, COSCO Shipping Energy Transportation up by 3.50%, Orient Overseas International up by 2.66%, COSCO Shipping Holdings up by 2.61%, Pacific Basin Shipping up by 1.73%, China Merchants Port Holdings up by 1.25%, CSSC Shipping down by 0.40%, and SITC International Holdings up by 0.36%.
In terms of individual stocks,$BEKE-W (02423.HK)$The stock rose nearly 9%, following its inclusion as a constituent of the Hang Seng China Enterprises Index. Institutions are optimistic about the company’s cost optimization in its real estate transaction business.
Anhui Conch-related stocks in Hong Kong collectively strengthened. $CONCH VENTURE (00586.HK)$ surged over 8%, $CONCH CEMENT (00914.HK)$ Up nearly 6%, Anhui Conch Group significantly increased its stake in its subsidiary companies.
$HAIDILAO (06862.HK)$Up over 5%, Haidilao’s nationwide stores received more than 14 million customers during the 9-day Spring Festival holiday.
$JIAXIN INTL RES (03858.HK)$Up over 9%, tungsten prices continued to rise, and the company was included in the Hang Seng Composite Index.
$JLMAG (06680.HK)$Up over 6%, prices of mainstream rare earth products significantly increased; institutions are optimistic about a dual rise in sector valuation and performance.
$ANTA SPORTS (02020.HK)$Up over 4%, Citi believes the market may have underestimated the positive impact of PUMA’s China business acquisition on the company.
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Editor/Rice
