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Futu News reported on October 18 that the Hang Seng Index's decline narrowed in the afternoon, falling 0.44% or 111 points to 25,219 points; the Hang Seng Technology Index fell 1.23%.
Port transport stocks strengthened, with Pacific Shipping up more than 10%, COSCO Marine Energy by more than 7%, and COSCO Maritime Control by more than 4%.
According to media reports, shipping prices rebounded rapidly after the National Day holiday. Some industry insiders said that after the National Day holiday, US line prices were raised by 6 yuan/kg across the board, while those in Africa and South America increased by 10 yuan/kg. Over 21 kilograms, ordinary express delivery to commercial addresses in the US has reached 70 yuan/kg, and is expected to reach 80 yuan/kg by November.
The sporting goods sector of Hong Kong stocks strengthened. Bosideng rose more than 7%, Anta Sports rose more than 3%, and Taobo and Li Ning rose more than 2%.
According to the news, Guotai Junan released a research report saying that due to factors such as the epidemic, apparel companies' terminal sales were weak in the third quarter, and the stock prices of A-share and H-share textile and garment companies have recovered sharply since July. The bank believes that the current stock prices have completely released the pressure on the third quarter results. Meanwhile, the country has recently experienced large-scale cooling. Under the cold tide, we are optimistic about clothing sales performance in the fourth quarter. Currently, we are focusing on recommending the textile and garment sector. The bank believes that cold winter is expected to boost sales of winter clothing, and recommends Bosideng, the leading down jacket company.
Dongyue Group rose by more than 5%, and Sanlian increased by nearly 16%. According to equity data from the Hong Kong Stock Exchange, Dongyue Group received an increase of 100,000 shares by Executive Director, Vice President and Chief Financial Officer Zhang Zhefeng on October 12 at an average price of HK$14.72 per share, involving approximately HK$1.472 million. After increasing his holdings, Zhang Zhefeng's latest shareholding was 750,000 shares, and the shareholding ratio rose to 0.03%.
Gaoxin retail sales rose more than 13%, with a cumulative increase of nearly 30% during the month.
According to Futubull Niuniu's Hong Kong stock trading popularity list today, the top individual stocks include Tencent Holdings, COSCO Offshore Control, Meituan, Xiaomi, Alibaba, Geely, Evergrande Auto, and Ganfeng Lithium.
Screenshot from: Futubull Niu App Market - Market - Opportunity - Popularity List
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