Futu News reported on May 14 that after rushing higher in early trading, Hong Kong stocks collectively fell, the Hang Seng Index turned down, and the Science Index maintained an increase of more than 1%. As of press release, the Hang Seng Index is down 0.02%, the China Index is up 0.18%, and the Tech Index is up 1.32%.
On the sector side, TechNet stocks rose collectively, with Bilibili rising more than 6%, and Kuaishou and Xiaomi Group rising more than 3%.
Auto stocks improved. Great Wall Motor rose more than 7%, NIO rose nearly 6%, and Zero Sports Auto rose nearly 5%.
The concept of pharmaceutical outsourcing strengthened. Pharma Ming Kangde rose more than 6%, Kanglong Chemical rose more than 4%, and Kingsley Biotech rose more than 3%.
Education stocks generally rose, Sile Education rose more than 11%, China Science Training rose more than 7%, and China Education Holdings rose more than 5%.
In terms of individual stocks,$TME-SW (01698.HK)$After the results, it rose more than 9%. Profit for the first quarter exceeded expectations, and cash dividends were announced for the first time.
$BILIBILI-W (09626.HK)$With an increase of more than 6%, the first-quarter results were well received by institutions, and the launch of the new game is expected to contribute to the increase.
$EAST BUY (01797.HK)$With an increase of more than 10%, the total number of orders for self-operated products from the Douyin store exceeded 100 million, and the company cooperated with BAIC Blue Valley.
$NEWBORNTOWN (09911.HK)$It has increased by more than 4%, and has doubled since the beginning of March. The total revenue of social services in Q1 is expected to increase by more than 65.8%.
edit/lambor