Futu News reported on February 20 that the three major indices fluctuated and weakened. As of press release, the Hang Seng Index had fallen 0.04%, the Science Index had fallen 0.9%, and the China Index had fallen 0.13%.
On the sector side, the majority of TechNet stocks fell; JD fell nearly 3%; Tencent, Xiaomi, Ali, Meituan, etc. weakened slightly, and Kuaishou rose slightly.
Pharmaceutical outsourcing stocks strengthened. Pharmaceutical Kangde and Kanglong Chemical rose nearly 6%, Gloria Yingying rose more than 5%, Pharmaceutical Biotech and Kingsley Biotech rose more than 4%, Tiger Pharmaceuticals rose nearly 4%, and Zhaoyan Pharmaceutical rose more than 2%.
Power stocks rose strongly. China Electric Power rose nearly 5%, Huadian Power International Power Co., Ltd. rose more than 4%, Huaneng International Power Co., Ltd. and China Resources Electric Power rose nearly 4%, and Datang Power rose more than 2%.
Domestic housing stocks and property management stocks strengthened. Xuhui Holding Group rose more than 5%, while CNOOC Properties, Jinmao Services, and Yuexiu Real Estate rose more than 2%.
Auto stocks weakened, with Xiaopeng Motors falling more than 5%, Zero Sports Auto and Great Wall Motors falling more than 4%, BYD shares and NIO falling more than 3%, and Ideal Auto and Geely Auto falling nearly 2%.
In terms of individual stocks,$CNOOC (00883.HK)$The increase continued to reach new highs of more than 3%, and institutions expect the company's dividend rate to be around 10% in 2024.
$COSCO SHIP ENGY (01138.HK)$With an increase of nearly 4%, VLCC fares rose sharply during the Spring Festival holiday. Agencies indicate that the tariff center is expected to continue to rise.
$XPENG-W (09868.HK)$A drop of more than 5% led the decline in auto stocks, and the first price war in the car market began.
Editor/Somer