Futu News, June 19 | Trade tensions have eased somewhat. Today, Hong Kong stocks opened sharply higher, market sentiment was high, and individual stocks rose generally. By the midday close, the Hang Seng Index was up 2.37% at 28150.33, led by Sunny Optical and WH Group Limited, who were obviously affected by Sino-US trade. Shunyu rose more than 8%, WH Group Limited more than 5%, and the state-owned enterprises index rose 2.37% to 10756.5. The half-day turnover on the motherboard is 63.695 billion Hong Kong dollars. Hong Kong stocks had a net inflow of $440 million in half a day.
Source: Futu Securities
In terms of the sector, the central bank and the CSRC yesterday convened a meeting of six big banks and some leading securities firms in the industry to encourage large banks to expand financing from large securities firms and support large securities firms to expand financing from small and medium-sized non-bank institutions, so as to maintain the stability of the business of the same industry. appease the market mood and allay the concerns of some financial institutions. Chinese brokerages opened sharply higher across the board in the Hong Kong stock market.Huatai (06886.HK)Increase by more than 9%China International Capital Corporation (03908.HK)It rose nearly 8 per cent, while China Galaxy, CITIC, Citic Construction and Haitong all rose more than 5 per cent.
Huawei concept shares rose on the back of easing trade tensions.Sunny Optical Technology (02382.HK)Up nearly 8% to lead the riseBYD Electronic (0285.HK)Up 7.42%,Qiu Ti Technology (01478.HK)Up more than 6%, AAC Technologies Holdings Inc., Tongda Group, Gao Wei Electronics and so on all rose.
Gambling stocks rose generally.MGM China (2282.HK)Up more than 7% to lead the rise.Sands China (1928.HK)It rose more than 5%, followed by Galaxy Entertainment, Melco International Development, Wynn Macau and so on. JPMorgan Chase & Co reported that Macau's gaming revenue in the first 16 days of June reached 11.8 billion patacas, with an average daily income of 740 million patacas, down 1-2 per cent from June 2018 and worse than the bank's original forecast of a rise of 1-2 per cent. And believe that the downward pressure will not be too significant.
Affected by the sharp rise in the exchange rate of the offshore RMB against the US dollar, aviation stocks opened high, China Southern Airlines Company rose 8 per cent, Air China Limited and China Eastern Airlines Corp Ltd both rose more than 7 per cent.
In addition, auto stocks also strengthened with the market in the morning.Beijing Automobile (01958.HK)Up nearly 6%Guangzhou Automobile Group (02238.HK)Up more than 5%, Geely, brilliance China, Dongfeng Group, BYD and so on have risen. Recently, the person in charge of the Market Operation Department of the Ministry of Commerce said on the operation of China's consumer market in May 2019 that under the effect of consumption upgrading demand, automobile consumption stopped falling and stabilized.
Individual stocksChina Shipping property (2669.HK)It has been rising today, rising 7.87 per cent to HK $4.11, breaking the April high of HK $3.98 and a record high for share prices, with a half-day turnover of HK $48.5892 million and a total market capitalization of HK $13.5 billion.
Ping An Insurance AH shares showed a significant upward trend today.Ping An Insurance (2318.HK)It rose 3.64% to HK $91.05, with a total market capitalization of 1.6644 trillion yuan. Ping An Insurance announced yesterday that the first buyback of A-shares was carried out in a centralized bidding transaction on June 18, and a total of 3.5 million A-shares were bought for 282 million yuan, accounting for 0.01917% of the company's total share capital. The lowest buyback transaction price is 79.85 yuan per share and the highest is 80.93 yuan per share.
Among the constituent stocks of the Hang Seng Index, individual stocks floated red in an all-round way. Sunny Optical, WH Group Limited and Sands China all rose more than 5%, leading the market. Among the constituent stocks of the national index, Huatai rose more than 9%, leading the market, while CITIC, Haitong and Guangzhou Automobile Group all rose more than 5%.