Futu News on November 28th reported that the Hong Kong stock market opened lower and trended lower, with all three major indexes declining. The Hang Seng Index and the Hang Seng Tech Index both fell by over 1%, while the Hang Seng China Enterprises Index dropped by 1.51%.
As of the midday closing, 491 stocks rose in the Hong Kong stock market, 1191 declined, and 1405 remained unchanged.
In terms of sectors, tech stocks trended lower, with Meituan-W down by 2.50%, Baidu Group-SW down by 2.37%, Bilibili-W down by 2.23%, Alibaba-W down by 2.18%, Xiaomi Group-W down by 0.71%, Kuaishou-W down by 0.63%, Tencent Holdings down by 0.55%, and JD.com Group-SW down by 0.42%.
Most sporting goods stocks saw declines, with Anta Sports down by 5.24%, Yue Yuen Ind down by 3.38%, Li Ning down by 3.37%, Topsports down by 2.80%, Xtep Int'l down by 1.89%, Pou Sheng Int'l down by 1.82%, and China Dongxiang down by 1.37%.
The home appliances sector experienced declines, with Midea Group Co., Ltd down by almost 4%, Haier Smarthome down by over 2%, Techtronic Ind down by almost 3%, and Hisense Ha down by over 3%.
Aviation/airlines industry stocks rose against the trend, with Meilan Airport up by over 4%, Air China Limited up by nearly 2%, China East Air up by over 1%, and Cathay Pac Air up by 0.52%.
Alcoholic beverages stocks weakened, with San Miguel HK down by 4.26%, China Resources Beer down by 4.10%, Bud APAC down by 2.39%, Tsingtao Brew down by 2.13%, Tibet Water down by 1.56%, and ZJLD down by 1.28%.
Lithium battery stocks declined, with BYD Co. down by 3.63%, Chaowei Power down by 1.36%, Tianneng Power down by 1.35%, Tianqi Lithium Corporation down by 1.31%, Ganfenglithium up by 0.82%, and BYD Electronics up by 0.29%.
Auto stocks weakened, with BYD shares falling by 3.63%, NIO-SW down by 3.30%, Geely Auto up by 3.04%, Great Wall Motor down by 1.86%, Leapmotor down by 1.73%, XPeng Motors-W down by 1.19%, and Li Auto-W down by 0.85%.
In terms of individual stocks,$GEELY AUTO (00175.HK)$ Rising over 3%, Geely Auto saw Chairman Li Shufu increase his holdings by over 0.3 billion yuan for two consecutive days.
$BYD COMPANY (01211.HK)$ Dropping nearly 4%, market news states that BYD and SAIC are requesting suppliers to lower prices, intensifying the domestic price war.
$CGN POWER (01816.HK)$ Falling more than 3%, Fitch Ratings raised the group's credit rating to 'A+', with a negative default outlook.
$SUNNY OPTICAL (02382.HK)$ Rising more than 2%, Macquarie believes that the impact of CEO changes on the company is limited, and is bullish on the company's business fundamentals turning around.
$ZHONGSHENG HLDG (00881.HK)$ Dropping nearly 4%, UBS points out that the market has overvalued AITO store, while other emerging forces are recruiting franchise dealers.
$VITASOY INT'L (00345.HK)$ Increasing by nearly 4%, the mid-term performance was announced yesterday, with continued shareholding by the Wong family.
Top 10 half-day trading volume
编辑/Wade
