HSI Ends at 26,629, Gaining 44 Points; HSTI Finishes at 5,762, Up 16 Points; POP MART Surges Over 5%; WHARF REIC, BIDU-SW, SHK PPT, SINOPEC CORP, CK ASSET Reach New Peaks; Market Turnover Increases
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6d ago
0mins
Source: aastocks
Market Performance: The HSI rose by 44 points (0.2%) to 26,629, while the HSTI increased by 16 points (0.3%) to 5,762, and the HSCEI fell by 8 points (0.1%) to 9,114, with a market turnover of $234.86 billion.
Active Heavyweights: Notable movements included PING AN down 2.3%, BABA up 1%, TENCENT down 0.8%, and XIAOMI down 0.5%, with significant short selling activity across these stocks.
Top Gainers: POP MART surged by 5.97%, WHARF REIC increased by 4.8%, LI AUTO rose by 4.1%, and BIDU-SW also gained 4.1%, all hitting new highs.
Notable Declines: CHINA LIFE fell by 3.82%, while CHINAHONGQIAO decreased by 3%, amidst varying short selling ratios for these stocks.
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: 120.400
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Current: 120.400
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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.
