Futu News reported on January 31 that the three major indices of Hong Kong stocks declined again. The Hang Seng Index fell 1.01%, the Science Index fell 2.05%, and the National Index fell 1.05%.
By the midday close, Hong Kong stocks had risen 498, fell 1,171, and closed at 1,315.
On the sector side, TechNet stocks fell sharply, with Xiaomi falling nearly 4%, Meituan, Kuaishou, JD, and Alibaba falling more than 2%, Bilibili, Baidu, and NetEase falling more than 1%, and Tencent falling slightly.
Domestic housing stocks and property management stocks generally fell. Country Garden fell more than 3%, Longhu Group fell nearly 3%, China Resources Land fell more than 1%, and China Overseas Development and Innovation China fell nearly 1%.
Auto stocks weakened collectively, with Zero Sport falling nearly 8%, NIO falling nearly 6%, Xiaopeng Motors falling more than 4%, and BYD shares and Great Wall Motors falling more than 1%.
Pharmaceutical stocks declined one after another, with Pharma Ming Allianz falling nearly 7%, Pharmaceutical Biotech falling more than 5%, BeiGene Shenzhou falling nearly 4%, Kingsley Biotech falling nearly 3%, and Pharmaceutical Kangde falling nearly 1%.
Apple concept stocks were under pressure. Shunyu Optical Technology fell nearly 10%, Ruisheng Technology fell more than 6%, Gaowei Electronics fell more than 5%, and BYD Electronics fell nearly 2%.
Sporting goods stocks were partially lower. Anta Sports fell nearly 5%, and Li Ning fell more than 2%.
On the other hand, medical and aesthetic concept stocks rose. Sales in the third fiscal quarter increased 19.5% year on year, L'Occitane bucked the trend and rose more than 7%, while coal stocks, electricity stocks, home appliance stocks, and education stocks mostly rose.
In terms of individual stocks,$HUANENG POWER (00902.HK)$It fell 2%. Net profit for the whole year is expected to be between 8 billion and 9 billion yuan. There was a significant loss in the fourth quarter.
$CHINA SHENHUA (01088.HK)$It rose more than 2%, and full-year profit is expected to fall 9.9%-14%, and “certainty” is driving sector valuation reshaping.
$SUNNY OPTICAL (02382.HK)$It fell nearly 10%, and opened lower after the profit report. Net profit is expected to fall by more than 50% year on year last year.
$EAST BUY (01797.HK)$The increase was more than 5%. Reports suggest that JD may cooperate with Dong Yuhui and that Oriental Selection is interested in going overseas.
$GUANGDONG INV (00270.HK)$It fell nearly 4%, and the annual comprehensive profit is expected to decrease by about 35% year on year. Institutions say they are concerned or cut dividends.
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Edit/Chris
