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.
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
Editor/Feynman