Futu News reported on March 29 that Hong Kong stocks maintained a strong market in the morning session. The Hang Seng Index rose 1.91% to 20,000 points, and the Hang Seng Technology Index rose 2.72% to perform well.
By the midday closing, Hong Kong stocks had risen 760, fell 889, and closed at 1,344.
On the sector side, Science Network shares have risen collectively.Alibaba rose more than 13%, Meituan rose nearly 5%, JD and Bilibili rose more than 2%, Kuaishou rose nearly 2%, and Baidu rose more than 1%.
Auto stocks continued to rise,Zero Sports Auto rose more than 5%, Ideal Auto rose more than 4%, Xiaopeng Motor and BYD shares rose more than 3%, and NIO rose more than 1%.
Electricity stocks have strengthened,Datang Power Co., Ltd. rose more than 8%, Huadian International Electric Power Co., Ltd. rose nearly 2%, China Resources Electric rose nearly 1%, and Huaneng International Electric Power's shares rose slightly.
Some semiconductors are on the rise,Hongguang Semiconductor rose 5%, SMIC and Shanghai Fudan rose more than 2%, and Huahong Semiconductor rose more than 1%.
Pharmaceutical stocks weakened,Cinda Biotech fell more than 3%, Kanglong Chemical and Shiyao Group fell nearly 2%, and China Resources Pharmaceutical fell more than 1%.
In terms of individual stocks,$BABA-SW (09988.HK)$The market capitalization surged by more than 13% to reach HK$2 trillion. Ali announced the launch of a “1+6+N” organizational transformation. It will establish six major business groups and multiple business companies, including Alibaba Cloud Intelligence and Taobao Tmall Business, under Alibaba Group, and may be independently listed in the future.
$TVB (00511.HK)$With an increase of over 5%, TVB will host the second Taobao live broadcast tomorrow.
$BYD COMPANY (01211.HK)$It rose more than 3%, net profit increased nearly 4.5 times for the whole year, and sales of new energy vehicles increased more than 2 times.
$A-LIVING (03319.HK)$It plummeted by more than 13%, net profit returned to the mother fell by more than 20% in 2022, and no final dividend was paid.
$CANSINOBIO (06185.HK)$A further drop of more than 5%, COVID-19 vaccine revenue fell sharply, and annual profit changed from profit to loss of 900 million dollars.
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Editor/Somer