Futu News, September 10th - Hong Kong stock market fluctuated slightly in the morning session, with the Hang Seng Index and the China Enterprises Index rising by 0.28% and 0.39% respectively, ending the 5-day decline. The Hang Seng Tech Index rose by 0.09%.
As of the midday close, there were 510 stocks on the Hong Kong stock market that rose, 1107 stocks that fell, and 1444 stocks that were flat.
In terms of sectors, the performance of technology stocks varied. Alibaba Group Holding-W rose by 4.73%, Baidu-SW rose by 1.77%, Kuaishou-W fell by 1.65%, JD.com-SW rose by 1.09%, Netease-S fell by 0.99%, and Tencent Holdings fell by 0.70%.
Real estate stocks continued their decline, with C&D International Group falling by 5.93%, Longfor Group falling by 3.73%, China Overseas Land & Investment falling by 3.32%, China Resources Land falling by 3.00%, China Vanke falling by 2.80%, and Sunac China falling by 2.13%.
Biomedical stocks saw a decline, with WuXi AppTec falling by 8.34%, WuXi Biologics falling by 6.92%, Wuxi Biologics falling by 3.88%, Tigermed falling by 3.47%, Beigene falling by 0.95%, and CanSino Biologics-B rising by 5.57%.
Semiconductor stocks experienced a decline, with Solomon Systech falling by 7.48%, CE Huada Tech falling by 2.97%, Semiconductor Manufacturing International Corporation falling by 2.51%, Hua Hong Semiconductor falling by 2.04%, and Semiconductor Manufacturing International Corporation falling by 1.54%.
Building materials stocks showed weakness, with Huaxin Cement falling by 3.77%, BBMG Corporation falling by 3.51%, CR Building Materials Technology falling by 3.38%, Conch Cement falling by 2.78%, CNBM falling by 2.35%, and West China Cement falling by 2.33%.
In terms of individual stocks, $BABA-W (09988.HK)$ Rising by nearly 5%, Ant Group will officially be included in the Hong Kong stock connect, and will distribute dividends to all shareholders today.
$NIO-SW (09866.HK)$ Rising by over 9% again, the gross margin of the whole vehicle in the second quarter exceeded expectations, with institutions stating that there is still room for improvement in gross margin in the future.
$GUOTAI JUNAN I (01788.HK)$ Reopening with a nearly 5% increase, controlling shareholder Guotai Junan plans to absorb and merge Haitong Securities.
$SINOPEC SEG (02386.HK)$ Rising by nearly 6%, it will be included in the Hong Kong stock connect list starting from today, with new high levels of new signed contracts and backlog order value in the first half of the year.
$HIGHTIDE-B (02511.HK)$ Plunged more than 22%, removed from the Stock Connect, with a total market value evaporating over 6 billion Hong Kong dollars.
$ZHUGUANG HOLD (01176.HK)$ Plunged nearly 30%, removed from the Stock Connect list starting today, with first-half losses expanding to 0.834 billion Hong Kong dollars.
TOP20 turnover in half a day
Editor/Feynman
