Futu News July 28 | the three major indexes of Hong Kong stocks fluctuated lower, the Hang Seng Index closed down 0.56% at midday, and the rise of the Hang Seng Technology Index narrowed to 0.28%.

By midday's close, Hong Kong stocks were up 786, down 747, to close flat at 1361.

The specific industry performance is shown below:

In terms of the plate, the trend of technology stocks is divided.Tencent and Kuaishou Technology rose slightly, XIAOMI Group rose more than 2%, and Baidu, Inc. rose more than 1%.

The education sector is higher.Tianli International Holdings rose by more than 13%, New Oriental Education & Technology Group online by more than 14%, New Oriental Education & Technology Group by more than 9%, and Zhongjiao Holdings by more than 5%.

Tobacco concept plate pull upBYD Electronic is up nearly 6%, China Bolton is up more than 5%, and Huabao International is up nearly 3%.

Gambling stocks rose generally.Wynn Macau is up nearly 4%, Galaxy Entertainment is up nearly 3%, Melco International Development is up more than 2%, and MGM China and Sands China are up nearly 2%.

Other aspectsChinese brokerage stocks rose, while electric power stocks, gold stocks and paper stocks generally rose; on the other hand, inner housing stocks opened high and fell low, while biotechnology stocks, port shipping stocks, aviation stocks and domestic bank stocks mostly fell.

Individual stocks$Shang Tang-W (00020.HK) $It pulled up for the second day in a row, closing up nearly 5% at HK $2.45 at midday.

Greentown Management Holdings (09979.HK) $After the performance, the net profit rose by more than 4%, the medium-term net profit increased by 33.4% compared with the same period last year, and the government's income from agent construction increased by more than 70%.

$Northeast Electric (00042.HK) $It has risen nearly 61%, and the proposed premium is more than 3 times the issuance of nearly 35% H shares.

$Changfei Optical Fiber Cable (06869.HK) $Up more than 1%, Morgan Stanley said the global fiber optic cable supply is tightening or prolonging the upward cycle of the industry.

$Man Wah (01999.HK) $BofA downgraded it to "outperform the big city" after falling nearly 8%.

Nomura: health$Country Garden Services Holdings (06098.HK) $Rating to downgrade, downgrade target price to HK $15.1.

According to a research report released by Nomura on July 28, due to the slowdown in the growth of management scale and the decline in gross profit margin, Country Garden Services Holdings's profit forecast for the fiscal year 2022-2024 was cut by 15% to 31%. The company is expected to be inevitably affected by weak sentiment in the property market. The target price will be reduced from HK $43.20 to HK $15.10, and the rating will be downgraded from buy to underweight. The bank pointed out that after nearly three weeks of falling back, Country Garden Holdings's share price has only rebounded by 18% since its five-year low, while the company did not have outstanding debt due before the end of this year, but chose to issue shares to raise funds at this time, which is worrying. Investors' worries about market liquidity may increase, which also makes the bank worry about whether the delivery of the Country Garden Holdings project will be delayed, thus dragging down Country Garden Services Holdings's new management project. Nomura also pointed out that there are more signs of deterioration in Country Garden Services Holdings's fundamentals, including the possible reduction of M & A projects this year and next, as well as declining profit margins, and believes that the company should change its previous growth model that relied on Country Garden Holdings and M & A projects. to focus on third-party business expansion.

Half-day turnover TOP20