The Zhitong Finance App learned that Hong Kong stocks fluctuated higher. At the close, the Hang Seng Index rose 0.45% to 29367.06 points; the State-owned Enterprises Index rose 0.87% to 11606.15 points; and the Red Chip Index rose 0.66% to 4315.64 points. Market turnover was HK$88.324 billion.
The Shanghai-Hong Kong Stock Connect went southbound with a quota of 10.5 billion yuan, leaving a balance of 8.707 billion yuan, with an inflow of 1,793 billion yuan. The Shenzhen-Hong Kong Stock Connect went southward with a quota of 10.5 billion yuan, leaving a balance of 9.620 billion yuan, with an inflow of 880 million yuan.
In terms of sectors, the top three increases were supply chain management, heavy machinery, and consumer electronics, which rose 4.43%, 3.94%, and 3.65% respectively; the top three declines were alcoholic beverages, dairy products, and commercial vehicles, which fell 2.15%, 1.03%, and 0.98% respectively.
Blue chip stocks rose. The top three gains were Ping An of China (02318), Kunlun Energy (00135), and Sinopec (00386), which rose 2.80%, 2.60%, and 1.78% respectively.
In terms of individual stocks, the top three gains were Orange Sky Jiahe (01132), Expectations Holdings (00943), and Future World Finance (00572), which rose 20.00%, 20.00%, and 15.38% respectively; the top three declines were Dajin Dongfang Lighting (00515), Imperial Medicine Hall (00932), and Hyundai Communications (00072), which fell 24.73%, 12.42%, and 11.43%, respectively.
The top three gains in the Hong Kong stock market were Hengteng Network (00136), IGG (00799), and Lenovo Holdings (03396), which rose 10.29%, 10.23%, and 9.89% respectively; the top three declines were Tsingtao Brewery Co., Ltd. (00168), Tiange Interactive (01980), and Wulong Dynamics (00378), which fell 6.38%, 4.57%, and 2.56% respectively.
The popular stock, Tsingtao Brewery Co., Ltd. (00168), fell 6.38% throughout the day and was priced at HK$37.45. Asahi Group, the second largest shareholder of Tsingtao Brewery, has signed separate share purchase agreements with five entities under Fosun International (00656) to transfer approximately 243 million H shares of the company (accounting for about 17.99% of the company's total share capital) to Fosun Group. The total cost was approximately HK$6.617 billion.
Lenovo Holdings (03396) rose 9.89% throughout the day and was priced at HK$30.00. Big Hit Entertainment (Lenovo Holdings is its current shareholder) wants to use its popular South Korean boy band Bangtan Boys (BTS) to launch an IPO, but no decision has been made yet.
Orange Sky Jiahe (01132) rose 20.00% throughout the day and was priced at HK$0.84. Orange Sky Jiahe issued an announcement on the evening of December 20 stating that the company's board of directors announced that a board meeting will be held on January 4, 2018 to consider issuing a special dividend and deal with any other matters (if any).
According to market analysis, the US House of Representatives passed the tax reform bill and submitted it to Trump for signature in the future. However, the market reaction was lackluster, and the US stock market closed slightly. As the holidays approach, there is strong wait-and-see sentiment in the market. In addition, there was no major news stimulus from the industry or individual stocks. The Hang Seng Index opened low. Fortunately, capital inflows from the South picked up, and the Hang Seng Index fluctuated higher throughout the day, but there was still no outstanding performance in the intraday weighting sector. The implementation of new tax reforms in the peripheral US or the demand for adjustments has been ushered in. In addition, the investment climate in the Hong Kong stock market may have been influenced by Christmas. Whether from the perspective of industry information or individual stocks, there is a lack of news stimulus that can boost market confidence. Investors should continue to wait and see.