<Full-day Summary> HSI Declines by 304 Points; HSTI Falls by 42 Points; CSPC PHARMA Drops Over 4%; ZIJIN MINING, NAGACORP, HUABAO INTL, CHINAGOLDINTL, CTIHK Reach New Peaks; Market Turnover Increases
Market Performance: The Hang Seng Index (HSI) fell by 304 points (1.2%) to close at 25,524, while the Hang Seng Technology Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines.
Active Heavyweights: Major stocks like Alibaba, CCB, Ping An, Meituan, and Tencent saw significant drops in their share prices, with short selling ratios indicating high market activity.
Notable Movers: CSPC Pharma and China Unicom faced substantial losses, whereas Tingyi and Zijin Mining recorded gains, with Zijin hitting a new high.
High Performers: Stocks such as Nagacorp, Huabao International, Chinagoldintl, Angelalign, and CTIHK achieved notable increases, with some reaching new highs in their closing prices.
Discover Tomorrow's Bullish Stocks Today
Analyst Views on 00322
About the author
<Full-day Summary> HSI Gains 699 Points; HSTI Rises 145 Points; CHINAHONGQIAO Surges Over 7%; CHINAHONGQIAO, XINYI GLASS, PETROCHINA, CNOOC, SINOPEC CORP Reach Record Highs; Market Turnover Increases
Market Performance: The Hang Seng Index (HSI) rose by 699 points (2.6%) to close at 27,826, with significant gains also seen in the HSTI and HSCEI, reflecting a strong market turnover of $361.52 billion.
Top Gainers: Notable heavyweights like Tencent, Xiaomi, and Alibaba saw increases of 2.3%, 2.1%, and 2.1% respectively, while Chinahongqiao and Pop Mart led the HSI & HSCEI constituents with gains of 7.3% and 7.0%.
Short Selling Activity: High short selling ratios were observed across various stocks, with Ping An and BYD Company showing significant short selling amounts, indicating investor caution despite overall market gains.
Noteworthy Movements: Stocks like Unisound and Chalco experienced dramatic price changes, with Unisound surging by 73.8% while XXF and Adicon Holdings faced declines of 14.5% and 12.0% respectively.
HSI Closes with a 16-Point Gain; Rally in Developers and Commodities; LAOPU GOLD Generates Buzz
Market Performance: The HSI closed slightly up by 16 points at 26,765, while the HSCEI and HSTECH saw declines of 0.15% and 1.2%, respectively, with a total market turnover of HKD261.699 billion.
Developer Stocks Surge: Hong Kong-listed property developers experienced significant gains, with SHK PPT, SINO LAND, and CK ASSET rising between 3% to 4.5%, while NEW WORLD DEV jumped 4.4%.
Gold and Silver Stocks Rally: Gold and silver stocks saw substantial increases, with CHI SILVER GP soaring 19.1% and CHINAGOLDINTL rising 8.1%, reflecting strong demand in the sector.
Tech Stock Movements: Major tech stocks had mixed results, with TENCENT gaining 0.8% and BABA-W dropping nearly 2%, while other tech companies like KUAISHOU-W and BIDU-SW fell over 3%.
