Futu News reported on May 7 that Hong Kong stocks pulled back today after ten consecutive gains. The three major indices collectively declined after experiencing a slight surge in early trading, and the decline deepened closer to midday trading. As of midday trading, the Hang Seng Index fell 0.85%, the State-owned Enterprises Index fell 0.84%, the Hang Seng Technology Index fell 1.98%, and the market had a half-day turnover of HK$62,943 billion.
By the midday close, Hong Kong stocks had risen 722, down 980, and closed at 1309.
On the sector side, photovoltaic solar energy stocks led the reversal of the market. GCL Technology rose more than 6%, Follett Glass rose more than 4%, Rainbow New Energy rose more than 3%, and Fuyao Glass rose nearly 3%.
The non-ferrous metals sector generally rose. China's nonferrous mining industry rose more than 4%, China Gold International rose more than 3%, and Minmetals Resources and Jiangxi Copper shares rose more than 1%.
Heavy machinery stocks mostly rose; Sany International rose more than 6%, and Sinotruk rose more than 2%.
Port and shipping stocks improved. Oriental Overseas International rose nearly 3%, China Sinotrans rose nearly 2%, and COSCO Maritime Control rose nearly 1%.
TechNet stocks declined, with Bilibili falling more than 6%, NetEase falling more than 4%, Kuaishou and Meituan falling nearly 4%, and Baidu Group, Alibaba, and Jingdong Group falling more than 2%.
Concept stocks declined during the holiday season. Huazhu Group fell more than 3%, Jiumaojiu fell nearly 3%, and Haidilao and Xiabuxiabu fell more than 2%.
The pharmaceutical outsourcing concept is weak. Viva Biotech fell by more than 4%, Kingsley Biotech and Pharmaceutical Biotech fell nearly 3%, and Kanglong Chemical fell more than 2%.
In terms of individual stocks,$GCL TECH (03800.HK)$It rose more than 6%, and the sharp drop in silicon prices highlights the cost advantage of granular silicon, and the company's market share is expected to increase.
$WEIMOB INC (02013.HK)$It rose nearly 4%. The company successfully raised capital and Tencent, a strategic shareholder, participated in the transaction, and received more than 24 million shares from Xiaomo.
$LENOVO GROUP (00992.HK)$With an increase of more than 3%, the agency indicated that its PC business was performing strongly and raised ratings and target prices.
$SANY INT'L (00631.HK)$The increase was more than 6%, and seven departments issued documents to promote the steady growth of mining equipment for intelligent mining construction companies.
Top 20 half-day turnover
edit/lambor