Futu News reported on May 13 that the three major indices of Hong Kong stocks opened low and moved higher. The intraday trend was reversed in one fell swoop, and the Science Index reached the 4,000 mark. As of press release, the Hang Seng Index is up 0.68%, the China Index is up 0.58%, and the Tech Index is up 1.46%.
On the sector side, the trend of port transport stocks was strong. Orient Overseas International rose more than 6%, COSCO Maritime Control and COSCO Haifa rose more than 5%, and Sinotrans and China Merchants Bureau ports rose more than 2%.
Water stocks soared across the board. China Water Services rose more than 9%, Beikong Water Group rose more than 8%, and investment in Guangdong Province rose 5%.
High-speed rail infrastructure stocks rose collectively. CRRC rose more than 9%, Times Electric rose nearly 7%, and China Transportation Construction rose nearly 4%.
Gaming stocks generally rose, with Aobo Holdings up more than 5%, Wynn Macau up more than 4%, Sands China Limited up nearly 4%, and MGM China up nearly 3%.
Domestic housing stocks were partially improving. Shimao Group rose more than 17%, Ocean Group rose more than 5%, and Agile Group rose more than 4%.
Technology Network stocks rose intraday, with Bilibili up nearly 5%, Alibaba up nearly 4%, and Shangtang up nearly 3%.
The pharmaceutical outsourcing concept declined somewhat. Kanglong Chemical rose more than 4%, Pharmaceutical Kangde rose nearly 4%, and Pharmaceutical Biotech declined by more than 1%.
In terms of individual stocks,$SHIMAO GROUP (00813.HK)$It has risen nearly 24%, and has nearly doubled in the past three days. Real estate regulation policies have been introduced one after another in many places.
$CHINA WATER (00855.HK)$With an increase of more than 9%, Guangzhou plans to raise tap water prices, and the company can benefit from the general trend of water prices across the country.
$GCL TECH (03800.HK)$It rose nearly 7%, and achieved revenue of about 5.47 billion yuan in the first quarter. The quality of granular silicon rose steadily
$LIANHUA (00980.HK)$It soared by nearly 43% and received a capital increase of 360 million yuan from Bailian Group, which is intended to be used for business ecosystem transformation.
edit/lambor