Futu News reported on June 25th that the three major Hang Seng Indexes rose and then fell back during the morning session. As of noon, the Hang Seng Index rose 0.45%, the Technology Index fell 0.26%, and the State-Owned Enterprise Index rose 0.54%. Education stocks rose across the board, while semiconductor stocks continued to fall.
As of the noon close, Hong Kong stocks rose by 838 and fell by 805, with 1410 remaining even.
In terms of sectors, network technology stocks had mixed trends, with Bilibili falling by nearly 5%, Meituan rising by more than 2%, and Tencent, Alibaba, and NetEase all up by around 1%.
Many biotech stocks rose, with Henlius up nearly 19%, Juzi Biosciences up nearly 5%, and Wuxi Biologics up more than 1%.
Semiconductor stocks fell, with Hua Hong Semiconductor falling by over 4%, SMIC falling by over 3%, and Shanghai Fudan falling by nearly 2%.
Education stocks rose across the board, with New Oriental up over 6%, China Edu Group up nearly 3%, and China East Education up more than 2%.
Sporting goods stocks strengthened, with Xtep International up nearly 5%, Topsports up more than 4%, and Li Ning and Yue Yuen Ind both up by nearly 3%.
In terms of individual stocks,$CHINESE EST H (00127.HK)$Up by 29%, about 231 million shares (12.1% stake) of Chinese Estate H were deposited into the Central Clearing and Settlement System (CCASS) of the Hong Kong Stock Exchange, possibly leading to a round of capital operations.
$HENLIUS (02696.HK)$Up by nearly 19%, the company was privatized by Fosun Pharma, with the offer price set at HKD 24.6 per share.
$MIDEA REAL EST (03990.HK)$Up by nearly 5%, the company divested its real estate development business and focused on light asset operations.
$GIANT BIOGENE (02367.HK)$Up by nearly 5%, the company's products have achieved a year-on-year growth of over 60% in GMV during the '618' online sales promotion.
$NEW ORIENTAL-S (09901.HK)$Up by over 6%, the company may accelerate the expansion of its offline teaching points, and the growth rate of summer enrollment is expected to maintain a relatively fast pace.
TOP20 turnover in half a day
Editor/Feynman