Futu News reported on February 29 that the three major indices had mixed ups and downs. As of midday trading, the Hang Seng Index had risen 0.15%, the Science Index had fallen 0.01%, and the National Index had risen 0.02%.
By the midday close, Hong Kong stocks were up 1004, down 708, and closed down 1,274.
On the sector side, the majority of TechNet stocks declined. Baidu Group fell more than 7%, JD and Alibaba fell more than 2%, Bilibili fell nearly 1%, Kuaishou and Tencent fell slightly, and Xiaomi rose nearly 1%.
Auto stocks generally rose. Great Wall Motors, Zero Sports Auto, and Xiaopeng Motors rose more than 3%, Geely Motors rose nearly 3%, NIO rose nearly 2%, and Ideal Auto fell more than 1%.
Pharmaceutical stocks strengthened collectively. Lai Kai Pharmaceutical rose more than 24%, Genting Xinyao rose nearly 12%, Pharmaceutical Biotech rose more than 2%, and Giant Biotech and Baijie Shenzhou rose nearly 2%.
Photovoltaic solar energy stocks were popular. Xinyi Solar Energy rose more than 22%, Follett Glass rose more than 6%, Xinyi Glass rose nearly 6%, and GCL Technology rose nearly 4%.
Semiconductor stocks rose sharply, with Shanghai Fudan up nearly 8%, SMIC up more than 6%, and Huahong Semiconductor up more than 4%.
On the other hand, beer stocks declined, and Budweiser Asia Pacific's performance fell below expectations by more than 5%; coal stocks, power stocks, and telecom stocks generally fell, while weighted stocks of China Shenhua and China Coal Energy fell nearly 2%.
In terms of individual stocks,$BIDU-SW (09888.HK)$With a decrease of more than 7%, Q4 achieved revenue of 34.951 billion yuan, an increase of 6% year on year; net profit was 2,599 billion yuan, down 48% year on year.
$SMIC (00981.HK)$With an increase of more than 6%, Huajin Securities indicated that sales in the semiconductor industry are expected to recover in 2024.
$ZTE (00763.HK)$With an increase of more than 5%, the large-scale implementation plan for the “5G-A XR Large Space Battle Game” was launched.
$XINYI SOLAR (00968.HK)$It rose more than 22%. Net profit increased 9.61% year on year last year, and a final interest rate of HK$0.15 per share is proposed.
$BUD APAC (01876.HK)$It fell more than 5%, and the profit attributable to equity holders in fiscal year 23 was US$852 million, down 6.7% year on year.
$XINYI GLASS (00868.HK)$It rose nearly 6%. Net profit increased 4.6% year over year to HK$5.365 billion last year.
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Edit/Chris