Futu News reported on March 1 that the three major indices opened low and moved higher. As of midday trading, the Hang Seng Index rose 0.75%, the Science Index rose 1.57%, and the National Index rose 1.15%.
By the midday close, Hong Kong stocks had risen 909, down 776, and closed at 1301.
On the sector side, TechNet stocks generally rose, Meituan rose more than 8%, Bilibili rose nearly 3%, JD and Baidu rose more than 1%, Xiaomi and Kuaishou rose slightly, and NetEase fell more than 1%.
Auto stocks rose sharply. Xiaopeng Motors rose more than 8%, NIO rose more than 6%, BYD shares and Geely Auto rose more than 1%, and Zero Sports Motors rose nearly 1%.
Pharmaceutical stocks had mixed ups and downs. Laikai Pharmaceuticals rose more than 30%, Pharmaceuticals Kangde and Kangfang Biotech rose about 2%, BeiGene Shenzhou fell nearly 7%, and Kingsley Biotech fell more than 3%.
Gaming stocks strengthened collectively, with Sands China Co., Ltd. rising more than 3%, and Galaxy Entertainment and MGM China rising more than 1%.
Gold stocks rose one after another. China Gold International rose more than 4%, Zhaojin Mining rose more than 3%, and Zijin Mining rose more than 1%.
Apple concept stocks are popular, with BYD Electronics, Ruisheng Technology, and Gaowei Electronics up more than 4%.
On the other hand, semiconductor stocks continued yesterday's gains, with coal stocks, movie concept stocks, and building materials and cement stocks mostly rising; heavy machinery stocks fell significantly, with leading Sinotruk plummeting nearly 7%.
In terms of individual stocks,$NTES-S (09999.HK)$It fell more than 1%. Revenue for Q4 of 2023 was 27.1 billion yuan, lower than market expectations of 28.2 billion yuan; under non-GAAP, net profit was 7.4 billion yuan, lower than market expectations of 8 billion yuan.
$SMIC (00981.HK)$With an increase of nearly 3%, the US court ruled that Fujian Jinhua was not guilty of stealing Micron's patents.
$XPENG-W (09868.HK)$It increased by more than 8%, and signed a technical cooperation agreement with Volkswagen to accelerate joint research and development of two B-class pure electric vehicles.
$LENOVO GROUP (00992.HK)$With an increase of more than 6%, Lenovo MWC released the latest generation of business AIPC, and quarterly revenue increased year-on-month.
$POP MART (09992.HK)$The increase is nearly 7%, and the target is 1,000 global stores in 2027. The agency says overseas growth will continue to be high.
Top 20 half-day turnover
Edit/Chris