On July 23rd, Futu News reported that the three major stock indexes opened higher and then fell in the morning session of Hong Kong stock market. The Hang Seng Index and the National Index both dropped slightly by 0.1% at noon, while the Hang Seng Tech Index fell by 0.87% and failed to continue yesterday's strong performance.
As of mid-day trading, there were 593 gainers, 942 losers and 1533 stocks in Hong Kong stock market remained unchanged.
In terms of sectors, most network technology stocks fell. Meituan fell by over 1%, while Xiaomi, Kuaishou, and Netease fell by nearly 1%. Tencent Music rose by more than 3%.
Banking stocks rose, with Agricultural Bank of China up nearly 3%, Industrial and Commercial Bank of China up over 2%, and China Construction Bank up nearly 2%. Bank of China and China Merchants Bank both rose over 1%.
Golden industrial concept fell, Chinagoldintl fell more than 5%, Zhaojin Mining, SD Gold, and Zijin Mining Group fell more than 2%, and Lingbao Gold fell nearly 2%.
Apple supplier stocks were weak, with BYD Electronic down 4%, Q Tech down nearly 3%, and Sunny Optical and AAC Tech down over 2%.
Semiconductor stocks fell, with Hua Hong Semiconductor down more than 4%, while Shanghai Fudan and Semiconductor Manufacturing International Corporation fell more than 2%.
In terms of individual stocks,$COSCO SHIP ENGY (01138.HK)$Shipping stocks rose by over 4%. In the second half of the year, the shipping industry is gradually recovering, and institutions are bullish on the increase of the H-share valuation average.
$BRILLIANCE CHI (01114.HK)$China BMW's affiliated land-lost compensation received 0.45 billion yuan, and UBS sees potential for free cash flow. The stock price rose by over 4%.
$JIUMAOJIU (09922.HK)$Mining stocks fell by nearly 4% to a new low. It is expected that the net profit in the first half of the year will decrease by nearly 70%. The data from the second quarter is still lower than expected.
$BYD COMPANY (01211.HK)$BYD's H-share stocks fell by over 3%. Berkshire Hathaway and its affiliates sold 0.3955 million H-share shares of BYD, and Buffett's shareholding ratio dropped to less than 5%.
$SUNNY OPTICAL (02382.HK)$AAC Tech's stock fell by over 2% again. Although the first half profits exceeded market expectations, the slowdown in car audio product growth may affect the company's valuation.
TOP20 turnover in half a day
Editor/Feynman