Futu News reported on March 20 that the three major Hong Kong stock indexes all declined, $Hang Seng Index (800000.HK)$ falling by 0.63%, $Hang Seng TECH Index (800700.HK)$ dropping by 1.71%, $Hang Seng China Enterprises Index (800100.HK)$ and decreasing by 0.95%.
By the midday closing, 803 stocks on the Hong Kong Stock Exchange rose, 1163 fell, and 1213 remained unchanged.
In terms of sectors, technology and internet stocks generally declined, with Xiaomi Group-W falling by 6.94%, Alibaba-W dropping by 5.76%, JD.com-SW decreasing by 3.61%, Kuaishou-W declining by 2.17%, Meituan-W falling by 1.86%, Baidu Group-SW dropping by 1.10%, NetEase-S decreasing by 0.71%, and Tencent Holdings falling by 0.49%.
Lithium battery stocks performed well, with CATL Innovation Aviation rising by 8.77%, Ganfeng Lithium increasing by 5.31%, CATL growing by 4.66%, Tianqi Lithium Industries advancing by 3.75%, Zhengli New Energy climbing by 3.06%, Tianneng Power rising by 2.25%, BYD gaining 1.84%, and BYD Electronics increasing by 0.96%.
Photovoltaic solar energy stocks also performed strongly, with Junda Shares surging by 12.10%, Xinyi Solar jumping by 6.01%, Flat Glass Group rising by 4.90%, Kaisheng New Energy increasing by 4.64%, Fuyao Glass gaining 2.17%, GCL Technology advancing by 2.00%, Xinyi Glass rising by 1.65%, and Lens Technology climbing by 0.55%.
Optical communication stocks rebounded, with FIT HON TENG soaring by 13.19%, Yangtze Optical Fiber and Cable climbing by 9.74%, Cambridge Technologies increasing by 4.27%, and Converge Tech rising by 2.01%.
Gold stocks advanced, with Lingbao Gold surging by 7.14%, Zijin Gold International climbing by 6.35%, China Gold International increasing by 2.32%, Zhaojin Mining rising by 2.17%, and Shandong Gold gaining 1.78%.
Automotive stocks rose, with Geely Auto up 6.98%, Li Auto-W up 3.03%, Xiangfeng Group up 2.78%, BYD up 1.84%, and Leapmotor up 1.19%.
Most Hong Kong retail stocks fell, with Samsonite down 7.49%, A.S. Watson Holdings down 3.61%, Prada down 1.89%, Chow Sang Sang down 1.59%, Sa Sa International down 1.52%, Giordano International down 1.35%, Luk Fook Holdings down 1.10%, and Chow Tai Fook down 0.44%.
In terms of individual stocks,$COSCO SHIP HOLD (01919.HK)$The stock fell more than 2% after earnings, with net profit attributable to shareholders for the year decreasing by 37.24% year-on-year. Three green methanol vessels have been put into operation.
$GENFLEET-B (02595.HK)$The stock surged over 14%, with preclinical research results of three innovative large and small molecule products set to be announced at the 2026 AACR Annual Meeting.
$CHINA UNICOM (00762.HK)$The stock fell over 3%, with last year’s revenue and net profit showing a slight year-on-year increase. The total dividend for the year amounted to HKD 0.417.
$JIAXIN INTL RES (03858.HK)$The stock rose over 10%, with tungsten prices expected to remain high for the year. The company recently entered the Hong Kong Stock Connect program.
$ONEWO (02602.HK)$The stock dropped over 6%, with net profit for last year falling nearly 39% year-on-year. The final dividend was HKD 0.546.
$CATL (03750.HK)$The stock increased over 4%. Morgan Stanley noted that its performance exceeded expectations, with energy storage shipments potentially boosted by AI demand.
$CKH HOLDINGS (00001.HK)$The stock rose over 1% post-earnings. Reported profit attributable to shareholders for the 25-year period was HKD 11.841 billion. The sale of UK Power Networks is expected to generate significant cash flow.
$MGM CHINA (02282.HK)$Dropped over 6%, with last year’s net profit increasing by 10% year-on-year, and a final dividend of HK$0.353 per share.
Top 10 in half-day trading volume
Editor/KOKO
