Futu News reported on May 22 that the three major indices of Hong Kong stocks rose slightly. As of midday trading, the Hang Seng Index rose 0.18%, the Science Index rose 0.60%, and the National Index rose 0.31%.

By the midday close, Hong Kong stocks were up 957, down 773, and closed down 1281.

On the sector side, the trend of TechNet shares was mixed. Bilibili rose more than 2%, Kuaishou rose nearly 2%, and Xiaomi and Tencent rose slightly; NetEase fell nearly 3%, JD and Baidu fell nearly 2%, and Ali and Meituan fell slightly.

Domestic housing stocks generally rose. Zhuguang Holdings rose more than 26%, Shimao Group and Vanke enterprises rose more than 8%, Sunac China rose nearly 6%, China Overseas Development rose more than 3%, and China Resources Land rose more than 2%.

Auto stocks were popular. Xiaopeng Motor rose more than 13%, NIO rose more than 4%, Ideal Auto rose more than 2%, Geely rose nearly 1%, and Great Wall rose marginally%.

Beer stocks declined in many shares. China Resources Beer fell more than 3%, Tsingtao Brewery shares fell nearly 2%, and Budweiser Asia Pacific fell more than 1%.

Photovoltaic solar energy stocks rose more than 3%, GCL New Energy rose more than 3%, GCL Technology rose more than 2%, Xinyi Glass and Follett Glass rose more than 1%, and Xinyi Solar Energy rose slightly.

On the other side, heavy infrastructure stocks, consumer electronics stocks, sporting goods stocks, etc. rose sharply; non-ferrous metals stocks continued to recover yesterday, and most home appliance stocks and lithium battery stocks fell.

In terms of individual stocks,$XPENG-W (09868.HK)$After the results, it rose by more than 13%. Revenue for the first quarter exceeded expectations, and gross margin rose sharply to 12.9%.

$LENOVO GROUP (00992.HK)$It rose more than 13%, joined forces with Qualcomm and Microsoft to launch a new generation of AI PCs, and Xiaomo raised Lenovo's rating.

$VTECH HOLDINGS (00303.HK)$Up nearly 10%, net profit for the whole year increased by nearly 12% year on year, and it is proposed to pay a final interest rate of 48 US cents.

$COSCO SHIP DEV (02866.HK)$With an increase of nearly 9%, the tight supply pattern may continue, and freight rates are expected to rise further.

$TONGCHENGTRAVEL (00780.HK)$With a drop of more than 10%, Motong said its performance was in line with expectations but profit margins were weak.

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Edit/Cynthia