The Hong Kong stock market fluctuated up and down today, with the Hang Seng Index opening low by 104 points, falling by 212 points in the early stage to 16,665 points, and then turning upward, rising by 145 points to 17,023 points. The market rose by 13 points or 0.08% during the day, closing at 16,891 points; the national index rose by 8 points or 0.1%, closing at 5,941 points; the Hang Seng Tech Index fell by 15 points or 0.5%, closing at 3,366 points. The total turnover of the day was 102.837 billion yuan, with a net outflow of 0.626 billion yuan and 2.605 billion yuan of RMB through the Shanghai and Shenzhen Hong Kong Stock Connect.
Swire Properties (01972.HK) reported a 1% decrease in basic earnings per share in the first half, and increased its interim dividend to 34 cents and carried out a share buyback of up to 1.5 billion yuan. The stock price rose by 11.7% to 14.5 yuan for the whole day. Taikoo A (00019.HK) reported a slight decrease of 0.3% in basic net profit in the first half and increased its interim dividend. The stock price fell by 1.1% to 69.55 yuan.
Several internet platforms in mainland China have cracked down on the 'circle of influence' of sports. Bilibili (09626.HK) and Weibo (09898.HK) fell 5.7% and 4.5%, respectively. Regarding other technology stocks, Alibaba (09988.HK) rose by 0.1% to 76.55 yuan, Tencent (00700.HK) rose by 1.3% to 368.2 yuan, Meituan (03690.HK) fell by 1.3%, Netease (09999.HK) and Kuaishou (01024.HK) rose by 0.5% and 1.5%, respectively, and New Oriental (09901.HK) and East Buy (01797.HK) fell by 6.5% and 4.8%, respectively. Suning (02382.HK) rose by 3.1%.
Regarding domestic demand stocks, U-Presid China (00220.HK) has lowered its sales growth target, and the stock price fell by 9.2%. Competitor Master Kong (00322.HK) also fell 7%. Travel platforms Tongcheng (00780.HK) and Ctrip (09961.HK) fell 5% and 3.5%, respectively. In addition, Nongfu Spring (09633.HK) and Samsonite (01910.HK) fell by more than 2%, Prada (01913.HK) fell by 4.2%, and Toutiao (06110.HK) rose by 8.1%. BYD Company Limited (01211.HK) fell by 1.7%, while NIO Inc (09866.HK) and Xiaopeng (09868.HK) fell by more than 3%.
Shenzhen Anju Group intends to acquire commercial housing for use as affordable housing, which stimulated the real estate stocks early and significantly narrowed their gains afterwards. New World (01030.HK), Sunac (01918.HK), and Seazen (03377.HK) rose 2.9% to 3.1%, while Greentown China (03900.HK) rose 2%. In terms of financial stocks, HSBC (00005.HK), HKEX (00388.HK), and AIA (01299.HK) were down 0.2% to 0.4%.
Regarding other stocks, Chuangke (00669.HK) was favored by brokerage after its results, and the stock price rose by 3.1%. Beigene (06160.HK) achieved adjusted operating profit of US$48.46 million in the second quarter, and the stock price rose by 5.6%. Shipping shareholders COSCO Shipping Holdings (01919.HK) and China Overseas (00316.HK) fell 4% and 3.9%, respectively. In addition, Zijin Mining (01818.HK) fell by 4.5%, CNOOC (00883.HK) and Jiuguang (01997.HK) rose more than 2%.