Futu News, August 28th: The Hong Kong stock market opened lower in the morning and continued to decline, with the Hang Seng Index falling by 1.03%, the Hang Seng Tech Index falling by 2.13%, and the Hang Seng China Enterprises Index falling by 1.39% at the time of writing.
In terms of sectors, technology stocks in the network technology sector are generally falling, with Sensetime falling more than 5%, Baidu falling more than 3%, and Netease, Meituan, Kuaishou, Tencent, Alibaba, Xiaomi and others collectively declining.
Recently, the strong petroleum stocks weakened. Kunlun Energy fell more than 3%, Sinopec fell nearly 2%, CNOOC and PetroChina fell slightly.
The Apple concept stocks declined. BYD Electronic and Sunny Optical Technology fell nearly 4%, Cowell and Q Tech fell more than 2%.
Auto stocks collectively declined. Li Auto, Yadea Holdings, and Everg Vehicle fell more than 5%. Nio Inc fell more than 4%. BAIC Motor, Great Wall Motor, Leapmotor, and BYD followed the decline.
Pharmaceutical stocks were active against the trend. NT Pharma surged nearly 17%, Hansoh Pharma rose nearly 6%, Pharmaron rose more than 5%, Asymchem Laboratories, and CMS Pharmaceuticals followed the rise.
In terms of individual stocks, $ANTA SPORTS (02020.HK)$ The revenue of the company increased by 13.8% year-on-year to 33.74 billion yuan in the first half of the year. It plans to use no more than 10 billion Hong Kong dollars for share repurchases.
$HANSOH PHARMA (03692.HK)$ Up nearly 6%, total revenue increased by 44.2% to 6.506 billion yuan, with innovative product revenue accounting for 77.4%.
$CHINA TAIPING (00966.HK)$ Up more than 7%, the company's net profit in the first half of the year increased by 15.4% year-on-year.
$NONGFU SPRING (09633.HK)$ Down more than 10%, the company's revenue in the first half of the year was 22.17 billion yuan, with a significant decline in packaged drinking water revenue.
$ZA ONLINE (06060.HK)$ Plunged nearly 18%, the company's net profit attributable to shareholders in the first half of the year fell by more than 70%.
Editor/rice