Futu News on September 5th: The three major stock indexes in Hong Kong continued to decline in the morning session, with the Hang Seng Index and the National Index falling by 0.46% and 0.87% respectively, marking the fourth consecutive decline. The Hang Seng Tech Index dropped by 0.41%, with overall market sentiment remaining low.
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As of the midday close, 714 Hong Kong stocks rose, 897 fell, and 1450 remained unchanged.
In terms of sectors, network technology stocks declined, with JD.com Group-SW dropping by 2.17%, Baidu Group-SW by 1.61%, Xiaomi Group-W by 1.18%, Kuaishou-W up by 1.01%, Alibaba-W down by 0.94%, and Meituan-W down by 0.76%.
Petroleum stocks weakened, with Sinopec Corp falling by 5.27%, PetroChina down by 3.07%, China Oilfield Service declining by 0.88%, Kunlun Energy down by 0.79%, and CNOOC dropping by 0.60%.
Coal industrial concept stocks showed weakness, with Kinetic Development falling by 3.39%, Yankuang Energy down by 2.33%, Shougang Resources declining by 2.29%, Yancoal Australia falling by 2.28%, China Shenhua Energy down by 2.04%, and Mongol Mining dropping by 1.70%.
Most shipping and ports stocks declined, with COSCO Shipping Holdings falling by 3.45%, COSCO Ship Engy down by 2.55%, Sitc International up by 2.45%, Pacific Basin dropping by 2.40%, OOIL down by 0.88%, and Sinotrans Limited falling by 0.85%.
Property stocks performed well, with CK Asset rising by 2.12%, SHK PPT up by 2.10%, Sunac up by 2.06%, China Vanke rising by 2.02%, Greentown China up by 1.76%, and China Resources Land up by 0.48%.
In terms of individual stocks, $AUTOHOME-S (02518.HK)$ Rising nearly 6%, planning to repurchase shares worth up to $0.2 billion.
$ZAI LAB (09688.HK)$ Rising over 5%, preliminary data from phase 1 study of ZL-1218 for advanced solid tumors will be announced at ESMO in 2024.
$QUANTUMPH-P (02228.HK)$ Rising over 9%, expected to receive a 1 billion yuan collaboration payment from Xinxin Energy for 5 years, and CICC believes it is likely to enter the Hong Kong Stock Connect program.
$EVERG VEHICLE (00708.HK)$ After falling over 5% and being suspended, it suffered a huge loss of 20.2 billion yuan in the first half of the year, and the Shanghai branch of Evergrande Vehicle was applied for bankruptcy examination.
$SANERGY GROUP (02459.HK)$ Rising nearly 60%, the major shareholder's 0.37 billion shares were forced to liquidate, previously named for highly concentrated equity.
TOP20 turnover in half a day
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Editor/Feynman