Futu News reported on March 13 that the three major indices of Hong Kong stocks had mixed ups and downs. By the close, the Hang Seng Index had fallen 0.07%, the Science Index had risen 0.34%, and the National Index had fallen 0.29%.
By the close, Hong Kong stocks had risen by 852, down 1,136, and closed by 1,000.
The specific industry performance is as follows:
On the sector side, TechNet shares had mixed ups and downs. Baidu rose more than 2%, Kuaishou and Meituan rose more than 1%, Shangtang fell more than 3%, and Bilibili and Ali fell more than 1%.
Auto stock trends diverged. Ideal rose more than 3%, Zero Run and Great Wall rose nearly 1%, NIO and Xiaopeng fell nearly 2%, and Geely and BYD fell slightly.
Domestic housing stocks and property management stocks collectively pulled back. Xuhui Holdings fell nearly 6%, Country Garden and Sunac China fell nearly 5%, Sunac Services fell more than 4%, and Vanke Enterprise fell more than 3%.
Gold stocks continued to rise. Zijin Mining and China Gold International rose more than 3%, Shandong Gold rose nearly 2%, and Zhaojin Mining rose more than 1%.
Power stocks generally rose. Huadian Power International Power Co., Ltd. and Huaneng International Power Co., Ltd. rose more than 3%, China Resources Electric Power rose nearly 3%, and China Electric Power rose more than 1%.
On the other side, pork concept stocks, pharmaceutical stocks, Apple concept stocks, and coal stocks generally rose; building materials, cement stocks, and home appliance stocks declined; domestic insurance stocks fell significantly; and dairy stocks, Internet medical stocks, and sporting goods stocks generally declined.
In terms of individual stocks,$LI AUTO-W (02015.HK)$It increased by more than 3%, the L series was renamed and more models were launched, and some models were reduced in price.
$XINYI SOLAR (00968.HK)$The increase was nearly 3%, and the relationship between supply and demand for photovoltaic glass improved.
$MEITU (01357.HK)$It rose more than 7%, and Bitcoin rose above $73,000 to a new high.
$NEW ORIENTAL-S (09901.HK)$With an increase of nearly 4%, Goldman Sachs is optimistic about the company's education initiative business and indicates that its valuation is attractive.
Today's top 10 Hong Kong stock turnover
Hong Kong Stock Connect Capital
On the Hong Kong Stock Connect side, today's net inflow of HK$11.419 billion (southbound) was HK$11.419 billion.
Agency Perspectives
Macquarie: Maintaining Cinda Biotech's “Neutral” Rating, Target Price Raised to HK$37
Macquarie released a research report saying, maintain$INNOVENT BIO (01801.HK)$The “neutral” rating, while adjusting the profit/loss forecast for 2023 to 2025, increased by 41%, increased by 304% and decreased by 88%, respectively. The target price was raised from HK$34 to HK$37.
Lyon: Maintaining Li Ning's “outperforming the market” rating, the target price was lowered to HK$24
Lyon released a research report saying, maintain$LI NING (02331.HK)$“Outperform the market” rating. As the base effect gradually declines, the company's performance growth is expected to be concentrated in the second half of 2024, so the target price was lowered from HK$26 to HK$24.
Tama: Maintaining Dongfang Overseas International's “holdings reduction” rating and lowering the target price to HK$75
Damo released a research report saying that although$OOIL (00316.HK)$The dividend ratio is attractive, but it is conservative about the industry cycle, so it still maintains a “reduced holdings” rating, and the target price was lowered by 3% from HK$77.2 to HK$75.
editor/tolk