Futu News on July 25th: During the morning session, the three major indexes of the Hong Kong stock market continued to decline. As of midday, the Hang Seng Index fell by 1.42%, the national index fell by 1.73%, and the Hang Seng Tech Index fell by 1.49%. All three recorded three consecutive declines.
As of midday close, the Hong Kong stock market increased by 405, decreased by 1238, and 1424 remained flat.
In terms of sectors, network technology stocks fell, with Meituan-W down 4.77%, Baidu Group-SW down 2.17%, Tencent Holdings down 2.15%, and Xiaomi-W down 1.69%.
Golden industrial concept stocks generally fell, with Zhaojin Mining down 7.92%, Chinagoldintl down 7.07%, Chi Silver GP down 6.78%, Lingbao Gold down 6.61%, SD Gold down 4.51%, and Zijin Mining Group down 4.46%.
Petroleum stocks fell, with PetroChina down 3.81%, CNOOC down 2.91%, Sino Oil & Gas down 1.35%, and Sinopec Corp down 1.21%.
Coal industrial concept stocks are weak, with Yancoal Aus down 4.05%, Shougang Res down 3.53%, China Coal Energy down 2.44%, Yankuang Energy down 2.40%, and China Shenhua Energy down 2.37%.
In terms of individual stocks,$CPIC (02601.HK)$Mainland insurance companies led the decline with a drop of over 4%. Insurance companies are facing significant pressure from interest rate spreads, and life insurance expected interest rates may be lowered again.
$CHALCO (02600.HK)$Aluminum prices fell for the seventh consecutive time during the off-season with a decline of nearly 4%. Aluminum business profits in the third quarter may also decline slightly.
$CM BANK (03968.HK)$China mainland banking stocks led the decline with a drop of over 4%. The central bank has optimized the interest rate system, and the bank interest rate spread is still in a continuous narrowing trend.
$MMG (01208.HK)$Copper production in the second quarter decreased by 2% year-on-year, with a total output of approximately 0.091 million tons, causing a decline of more than 3%.
$CR BLDG MAT TEC (01313.HK)$Cement stocks led the decline with a drop of over 4%. Institutions believe that there is limited room for further increases in cement prices.
TOP20 turnover in half a day
Editor/Feynman