Midday Update: HSI Ends at 26,280, Down 264 Points; HSTI at 6,220, Down 74 Points; MEITUAN Falls Over 3%; FIT HON TENG, COWELL, WUXI XDC, FIH Reach New Peaks | Intellectia.AI
Midday Update: HSI Ends at 26,280, Down 264 Points; HSTI at 6,220, Down 74 Points; MEITUAN Falls Over 3%; FIT HON TENG, COWELL, WUXI XDC, FIH Reach New Peaks
Written by Emily J. Thompson, Senior Investment Analyst
Market Performance: The Hang Seng Index (HSI) fell by 264 points (1.0%) to 26,280, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines of 1.2% and 1.3%, respectively.
Active Heavyweights: Major stocks like Meituan, Xiaomi, Tencent, and Alibaba saw declines, with Meituan dropping 3.1% and Xiaomi down 1.5%, while Sunny Optical was a standout performer, increasing by 5.9%.
Notable Movers: Stocks such as MIRXES-B and FIT HON TENG experienced significant gains, with MIRXES-B rising by 18.6% and FIT HON TENG by 16.8%, both hitting new highs.
Short Selling Trends: High short selling ratios were observed in several stocks, including JD and Techtronic Industries, indicating increased bearish sentiment among investors.
Wall Street analysts forecast 00267 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00267 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.
0 Analyst Rating
Wall Street analysts forecast 00267 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00267 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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0 Sell
Current: 11.970
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Current: 11.970
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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.
