<Midday Update> HSI Ends Midday at 26,718, Gaining 88 Points; HSTI Reaches 5,769, Up 7 Points; POP MART Surges Over 6%; MTR CORPORATION, SHK PPT, MMG, MORIMATSU INTL, and GANFENGLITHIUM Achieve New Highs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 8h ago
0mins
Source: aastocks
Market Performance: The Hang Seng Index (HSI) rose by 88 points (0.3%) to 26,718, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also saw gains, closing at 5,769 and 9,145 respectively.
Top Gainers: Notable gainers included Pop Mart, which surged 6.5%, and MMG, which increased by nearly 10%, both hitting new highs.
Active Heavyweights: Alibaba and Xiaomi were among the top performers, with Alibaba closing up 2.6% and Xiaomi up 2.5%, while Tencent experienced a slight decline of 0.1%.
Short Selling Activity: Significant short selling was observed across various stocks, with Meituan and Ping An showing high short selling ratios, indicating investor caution.
Analyst Views on 00016
Wall Street analysts forecast 00016 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00016 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 114.200
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Current: 114.200
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
