Zhitong Financial APP learned that Hong Kong stocks opened high today. As of the close, the Hang Seng Index rose 0.71% to 27131.17 points, the State-owned Enterprises Index rose 0.25% to 10858.19 points, and the Red Chip Index rose 0.67% to 4261.03 points, with a market turnover of 90.078 billion yuan.
The limit of southward connection between Shanghai and Hong Kong is 10.5 billion yuan, with a surplus of 10.805 billion yuan and an outflow of 305 million yuan. Shenzhen-Hong Kong links southward quota of 10.5 billion yuan, the remaining 9.86 billion yuan, inflow of 640 million yuan.
In the sector, the top three gains were food additives, real estate developers, e-commerce and the Internet, up 5.19%, 3.2% and 2.36% respectively, while household appliances, fertilizers and pesticides, and semiconductors fell 1.59%, 1.58% and 1.46%, respectively.
Blue chips rose, with China Resources Land (01109), Link Real Estate Investment Trust (00823) and Tencent (00700) up 4.11%, 2.87% and 2.46%, respectively.
In terms of individual stocks, the top three gainers were Juntai Holdings (00630), China Nonferrous Mining (01258) and Milan (01150), up 39.84%, 33.62% and 23.24%, respectively. China Agricultural products Trading (00149), Star Real Estate (01560) and Yongli Aviation (02975) fell 48.55%, 14.85% and 13.64%, respectively.
Among the top three gains in Hong Kong stocks, China Evergrande Group (03333), Dongfang Electric (01072) and Huabao International (00336) rose 13.88%, 9.53% and 7.72%, respectively. Yunsheng International (01315), ASM Pacific (00522) and China Natural Gas (00931) fell 6.33%, 4.88% and 4.58% respectively.
As for hot stocks, China Evergrande Group (03333) closed the day up 13.88% to HK $23.80, with an intraday high of HK $24.1, an all-time high. The total market capitalization exceeded 310 billion Hong Kong dollars, surpassing Vanke for the first time in history. In terms of performance, net profit and debt ratio "increased and decreased" in the first half of the year, reflecting the initial results of Evergrande's strategic adjustment of "increasing efficiency and deleveraging". BNP Paribas believes that this will further release the company's profits, and Evergrande's profits are expected to continue to increase significantly in 2017-2019.
Dongfang Electric (01072) closed up 9.53% to quote HK $8.39. The group expects a net profit of about 370 million yuan in the first half, a substantial turnround, compared with a loss of about 340 million yuan in the same period last year.
Tencent (00700) closed up 2.46% on the day to quote HK $308.4, with an intraday high of HK $308.6, a new high for the listing. According to a report released by Fu Rui Group, Tencent (00700)'s "Wechat" advertising revenue and model have been strengthened, payment competitiveness has increased, online content and music subscriptions have increased, and "Arena of Valor" is expected to be limited by regulation. Fu Rui believes its multi-model business is more obvious, with a big increase of 16% to HK $352, with a rating of "buy".
According to the analysis of the market, the Fed made a cautious statement at its interest rate meeting last night, but US stocks continued to improve, driving Hong Kong stocks higher this morning. Today, the trend of Hong Kong stocks is very steady, standing above 27000 at the beginning of trading, and then the rise continues to expand, with an intraday high of 27169.15 points, a new all-time high, and remained above 27100 points in late trading, without the phenomenon of lack of power.
The strong trend of Hong Kong stocks is mainly due to the strength of heavyweights and real estate stocks. In terms of heavyweight stocks, Tencent, HKEx, Huihang and AIA increased in the afternoon, with Tencent reaching a new high while the total market capitalization exceeded HK $2.8 trillion; in terms of inner housing stocks, China Evergrande Group brought a good rhythm, not only the total market value of innovation also exceeded 310 billion Hong Kong dollars, surpassing Vanke for the first time, becoming the largest stock by market capitalization, linking up with other inner housing stocks, the whole sector performed best and led the market higher.
From the trend point of view, Hong Kong stocks are full of bullish momentum, upward expansion momentum is very strong, there is no bad news in the market, the Hang Seng Index may continue to rise in the future.