Futu News reported on January 4 that the three major indices of Hong Kong stocks fell slightly. The Hang Seng Index fell 0.49%, the Science Index fell 0.45%, and the National Index fell 0.19%.
By the midday close, Hong Kong stocks had risen by 510, down 1,132, and closed at 1,334.
On the sector side, TechNet shares had mixed ups and downs. Kuaishou fell more than 2%, Meituan fell nearly 2%, JD, Tencent, and Bilibili fell slightly, Baidu rose nearly 1%, and Alibaba and NetEase rose slightly.
Domestic housing stocks and property management stocks were mostly under pressure. China Overseas Hongyang Group fell nearly 9%, Sunac China, Vanke Enterprise, and Longhu Group fell more than 2%, and China's overseas development fell nearly 1%.
Auto stocks declined one after another. Xiaopeng Motors fell more than 2%, NIO and Great Wall Motors fell nearly 2%, BYD shares fell nearly 1%, and Ideal Auto rose nearly 2%.
Pharmaceutical stocks had mixed ups and downs. Connoya fell more than 4%, Pharmaceutical Biotech fell more than 2%, Kingsley Biotech fell nearly 2%, BeiGene Shenzhou rose nearly 3%, and Rongchang Biotech rose nearly 4%.
Shipping stocks bucked the trend. Haifeng International rose nearly 6%, while COSCO Maritime Holdings and Oriental Overseas International rose nearly 4%.
Coal stocks continued to rise, with Yankuang Energy and China Shenhua rising more than 2%, and China Coal Energy rising slightly.
On the other hand, Damo expects airline profit margin pressure to continue this year. Aviation stocks will generally fall, while sporting goods stocks, paper stocks, beer stocks, semiconductor stocks, and lithium battery stocks will generally fall.
In terms of individual stocks,$COSCO SHIP HOLD (01919.HK)$With an increase of nearly 4%, tension in the Red Sea continues, and shipping prices continue to rise.
$PETROCHINA (00857.HK)$With an increase of nearly 2%, the OPEC statement reaffirmed its commitment to maintaining the stability of the oil market.
$COWELL (01415.HK)$With an increase of more than 3%, the agency expects a month-on-month improvement in performance in the second half of '23, which is expected to increase significantly in 24-25.
$SAMSONITE (01910.HK)$With a drop of nearly 6%, UBS expects revenue and EBITDA growth to normalize this year.
$XTEP INT'L (01368.HK)$It fell more than 4%, and the revenue growth rate of Double Eleven slowed markedly. Management previously lowered its full-year guidance.
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Edit/Chris