Futu Information, September 9th - Hong Kong stocks fell in the morning session, with the Hang Seng Index and the HSI both down 1.96% and 2.27% respectively. Both of them recorded 5 consecutive declines, and the Hang Seng Tech Index fell 2.03%.
As of the midday close, 383 Hong Kong stocks rose, 1342 fell, and 1337 remained unchanged.
In terms of sectors, network technology stocks were weak. JD.com-SW fell 2.88%, Kuaishou-W fell 2.24%, Netease-S fell 1.95%, Tencent fell 1.71%, Alibaba-W fell 1.69%, Xiaomi-W fell 1.19%, and Baidu-SW fell 1.07%.
Petroleum stocks declined, with Sino Oil & Gas falling 8.06%, PetroChina falling 6.17%, China Oilfield Services falling 6.07%, Sinopec Corp falling 5.38%, CNOOC falling 4.94%, and Kunlun Energy falling 1.66%.
Shipping and ports stocks fell across the board, with COSCO Shipping Energy falling 7.57%, OOIL falling 5.76%, COSCO Shipping Holdings falling 4.94%, Pacific Basin falling 3.41%, China Merchants Port falling 2.61%, and COSCO Shipping Port falling 2.48%.
Coal stocks declined, with Mongol Mining down 10.00%, China Shenhua Energy down 4.91%, China Coal Energy down 4.88%, China Qinfa down 4.76%, Kinetic Development down 4.42%, and Yankuang Energy down 4.19%.
Mainland real estate stocks collectively declined, with Midea Real Est falling 12.58%, Seazen falling 6.92%, China Resources Land falling 5.11%, China Vanke falling 3.93%, Longfor Group falling 4.07%, and China Overseas falling 3.39%.
In terms of individual stocks, $NIO-SW (09866.HK)$ Up nearly 13%, second quarter revenue hit a new high, and the gross profit margin of the automotive sector improved.
$AKESO (09926.HK)$ Up nearly 10%, AK112-303/HARMONi-2 data was released at the 2024 WCLC.
$CHINA COMM CONS (01800.HK)$ Dropped nearly 6% again, second-quarter profit performance fell short of expectations, with institutions bullish on the company benefiting from the canal project construction.
$PRADA (01913.HK)$ Dropped more than 6%, its CEO of Miu Miu was recently poached by LVMH.
$COSCO SHIP ENGY (01138.HK)$ Further dropping by over 7%, the OPEC+ production increase was deferred, and institutions said the production cut suppressed the crude oil transportation volume.
$SANERGY GROUP (02459.HK)$ Falling more than 15%, it will not be included in the relevant Hang Seng index due to highly concentrated equity.
TOP20 turnover in half a day
Editor/Feynman