Futu News on June 20th, the three major indices of the Hong Kong stock market opened high and fluctuated low in the morning session, failing to continue yesterday's strong rally. As of noon, the Hang Seng Tech Index fell 1.35%, underperforming again and losing 3,800 points. The Hang Seng Index and the China Enterprises Index fell by 0.48% and 0.46%, respectively.
As of the midday close, 532 Hong Kong stocks rose, 1,133 fell, and 1,386 remained unchanged.
In terms of sectors, network technology stocks generally declined in this period. Kuaishou fell by more than 5%, Bilibili fell by more than 4%, Meituan, Baidu, and JD.com fell by more than 1%, Alibaba fell by less than 1%, and Xiaomi fell slightly.
Semiconductor stocks rose strongly, with SMIC and Shanghai Fudan up nearly 4%, and Hua Hong Semiconductor up more than 3%.
Shipping stocks rose across the board, with COSCO Shipping Holdings up more than 4%, OOIL and COSCO Ship Energy up nearly 3%, and SITC up more than 2%.
Oil and gas stocks were mixed, with CNOOC up nearly 3%, PetroChina up more than 2%, and Sinopec Corp up nearly 2%.
Banking stocks performed poorly, with Agricultural Bank of China up nearly 2%, Industrial and Commercial Bank of China up nearly 1%, China Construction Bank slightly down, and Bank of China down more than 1%.
In terms of individual stocks,$EAST BUY (01797.HK)$Up more than 3%, the company's self-operated products achieved a GMV of over 3.6 billion in the first half of the year, doubling year-on-year.
$SMIC (00981.HK)$Leading the chip stocks with a rise of nearly 4%, Taiwan Semiconductor raised its prices, and the full production of foundries brought about a rise in prices elasticity.
$CHINA COAL (01898.HK)$Up more than 3%, the sales volume of commodity coal in May increased year-on-year, and the company plans to distribute special and interim dividends.
$FIH (02038.HK)$Up more than 1%, previously announced to make the third investment in Vietnamese subsidiary Fushan.
$COSCO SHIP ENGY (01138.HK)$Up nearly 3%, the shipping prices are expected to improve in the future, and institutions predict that Q2 profits will be stable and rise.
TOP20 turnover in half a day
Editor/Alan