Futu News reported on May 17 that the three major indices of Hong Kong stocks rose slightly. As of midday trading, the Hang Seng Index rose 0.29%, the Science Index rose 0.67%, and the China Index rose 0.34%.
By the midday close, Hong Kong stocks had risen 921, down 916, and closed at 1,175.
On the sector side, many shares of TechNet rose. Ali rose nearly 7%, Bilibili rose more than 4%, NetEase and Baidu rose nearly 3%, Xiaomi, Tencent, Kuaishou, and JD rose slightly, and Meituan fell slightly.
Photovoltaic solar energy stocks weakened. Follett Glass fell nearly 9%, Xinyi Solar Energy fell more than 8%, Fuyao Glass fell nearly 4%, and GCL Technology fell nearly 3%.
Domestic housing stocks had mixed ups and downs. Sunac China rose more than 9%, Ocean Group and Longhu Group rose more than 5%, and China Overseas Development and China Resources Land fell more than 2%.
Insurance stocks generally rose. China Taibao rose more than 2%, China Life Insurance rose nearly 2%, and Xinhua Insurance, AIA, and Ping An of China rose more than 1%.
Biotech stocks declined in many shares. Giant Biotech fell more than 5%, Yao Ming Biotech and Genting Xinyao fell more than 1%, and Pharmaceutical Kangde, Kang Fang Biotech, and Kingsley Biotech fell slightly.
On the other side, many stocks such as mobile game stocks, property management stocks, and oil and gas stocks rose, while the performance of building materials cement stocks, beer stocks, and gold stocks was sluggish.
In terms of individual stocks,$BABA-SW (09988.HK)$With an increase of more than 6%, Citron said Ali's stock price is expected to rise above $100.
$BIDU-SW (09888.HK)$Up nearly 3%, adjusted net profit increased 22% in the first quarter, and core revenue increased 4%.
$CTIHK (06055.HK)$With an increase of more than 9% and a cumulative increase of more than 35% in the past month, the company helped Great Wall Cigars go overseas faster.
$HUA HONG SEMI (01347.HK)$With an increase of more than 4%, capacity utilization has clearly rebounded, and Q2 gross margin is expected to increase sequentially.
$CHINA EDU GROUP (00839.HK)$The increase was more than 4%, and the results for the first half of the fiscal year exceeded expectations, and the company may further increase its dividend payout ratio.
$CHINA LONGYUAN (00916.HK)$With an increase of more than 4%, development plans for land wind projects have been determined in many places, and installed wind power is expected to expand.
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Edit/Cynthia