Futu News On May 27, the three major Hong Kong stock indices fluctuated in early trading. As of press release, the Hang Seng Index had risen 0.16%, the Science Index had fallen 0.14%, and the National Index had risen 0.3%.
In terms of sectors, the overall decline was greater than or less, with NetEase falling more than 3%, Tencent and Jingdong falling nearly 2%, and Kuaishou, Shell, and Baidu falling more than 1%.
Power stocks showed strong performance. Huadian Power shares rose nearly 5%, Huaneng International Power shares and China Electric Power rose more than 3%, and Datang Power and China Resources Electric Power rose more than 2%.
Gold stocks generally rose. Lingbao Gold, China Gold International, and Shandong Gold rose more than 3%, while Zhaojin Mining and Zijin Mining rose more than 2%.
Domestic bank stocks strengthened overall. Bank of Gansu rose more than 4%, Postbank rose more than 2%, Bank of Tianjin, Bank of Chongqing, and China Merchants Bank rose more than 1%.
The pharmaceutical outsourcing concept declined across the board. Pharmaceutical Biotech fell more than 6%, Kanglong Chemical fell more than 4%, Pharmaceutical Kangde fell more than 3%, and Gloria Ying fell nearly 3%.
Gaming stocks fell collectively, with Melco International Development falling nearly 4%, and Sands China, MGM China, and Galaxy Entertainment falling more than 2%.
In terms of individual stocks,$EVERG VEHICLE (00708.HK)$It rose more than 78%. The company resumed trading today, and 29% of the shares will be purchased.
$CMGE (00302.HK)$With an increase of more than 23%, the company's two new games will be launched soon. Furthermore, the company previously reached a strategic cooperation with Chao Geng Group.
$LENOVO GROUP (00992.HK)$With an increase of more than 7%, the market share of high-friction AI PCs will continue to rise.
$CHINA LONGYUAN (00916.HK)$With an increase of nearly 4%, Damosheng Longyuan Electric Power was rated to “increase its holdings”, with a target price of HK$9.7.
Editor/Jeffy