<Midday Update> HSI Ends Midday at 25,751, Gaining 116 Points; HSTI Reaches 5,540, Up 57 Points; BIDU-SW Rises Over 6%; CHALCO, REALORD GROUP, CIMC ENRIC, and GLOBAL NEW MAT Achieve New Highs
Market Performance: The HSI rose by 116 points (0.5%) to 25,751, while the HSTI and HSCEI also saw gains, closing at 5,540 and 8,951 respectively.
Active Heavyweights: Key stocks like CCB, Xiaomi, and Alibaba experienced slight increases, while Ping An saw a decline; short selling activity was notable across these stocks.
Notable Movers: BIDU-SW surged by 6.9%, while Pop Mart dropped by 5.2%; CNOOC and SMIC also posted significant gains.
High Performers: MarketingForce and CHALCO hit new highs with increases of over 10% and 6% respectively, indicating strong market interest in these stocks.
Get Free Real-Time Notifications for Any Stock
Analyst Views on 00700
About the author
<Full-day Summary> HSI Falls 580 Points; HSTI Declines 122 Points; CCB and XIAOMI Drop Over 3%; NEW ORIENTAL, SHK PPT, HUABAO INTL, ZOOMLION, and HANG LUNG GROUP Reach New Peaks; Market Turnover Increases
Market Performance: The Hang Seng Index (HSI) fell by 580 points (2.1%) to 27,387, with significant declines in other indices, including HSTI and HSCEI, and a market turnover of $301.61 billion.
Active Heavyweights: Major stocks like CCB, Xiaomi, Tencent, and Alibaba experienced notable declines, with short selling ratios indicating increased market activity against these stocks.
Significant Declines: CSPC Pharma, Chinahongqiao, and Zijin Mining saw substantial drops of over 9%, reflecting a broader trend of falling stock prices among HSI and HSCEI constituents.
Gainers and New Highs: New Oriental and Huabao International were among the few gainers, with New Oriental hitting a new high, while several other stocks, including SD Gold and Jiangxi Copper, faced significant losses.
<Midday Update> HSI Falls by 498 Points; HSTI Declines by 105 Points; CSPC PHARMA Drops Over 12%; SHK PPT and HUABAO INTL Reach New Peaks
Market Performance: The Hang Seng Index (HSI) fell by 498 points (1.8%) to 27,469, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines of 1.8% and 2.1%, respectively.
Active Heavyweights: Major stocks like Xiaomi, Alibaba, and Tencent saw significant drops, with Xiaomi down 2.7%, Alibaba down 2.7%, and Tencent down 1.5%, alongside substantial short selling activity.
Notable Declines: CSPC Pharma and Zijin Mining faced sharp declines of 12.5% and 8.6%, respectively, with high short selling ratios indicating bearish market sentiment.
Gainers and New Highs: New Oriental and Huabao International were among the few gainers, with New Oriental up 3.6% and Huabao hitting a new high with a 6.2% increase.
