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Hong Kong stock noon review | The three major indices fluctuated, with the Hang Seng Index falling by 0.55% and the Tech Index falling by 0.66%; Cryptos concept stocks strengthened, with BOYAA rising over 5%.

Futu News ·  May 22 12:20

On May 22, Futu News reported that the three major indices of the Hong Kong stock market all fell, with the Hang Seng Index down 0.55%, the Tech Index down 0.66%, and the National Index down 0.48%.

As of the lunchtime close, 552 Hong Kong stocks rose, 1167 fell, and 1420 remained stable.

In terms of sectors, aviation companies saw a faster recovery in domestic supply and demand for domestic flights in August, with passenger traffic reaching the highest monthly level this year. Relaxing access may optimize the route structure. Looking ahead to the fourth quarter, the landing of vaccines during the year is a high-probability event. As domestic aviation demand continues to recover, aviation companies will continue to reduce losses. The favorable oil prices and exchange rates will provide advantages, and the aviation sector will also usher in both valuation and profit restoration. I recommend investors to actively allocate related stocks in the Hong Kong stock market, such as Meilan Airport (00357), Air China Limited and other related symbols.

Most Network Technology stocks declined, with Bilibili down 3.42%, Baidu down 3.25%, Kuaishou down 2.28%, Alibaba down 1.87%, JD-SW down 0.97%, TENCENT down 0.67%, MEITUAN-W down 0.29%, and XIAOMI-W up 0.37%.

Newly listed stocks strengthened, with Mixue Group up 2.04%, Guming up 4.51%, Youjia Innovation up 5.18%, Weisheng Pharmaceutical up 5.79%, and Innodata up 15.31%.

Cryptos Concept stocks strengthened, with LINEKONG up 7.27%, BOYAA up 5.34%, and GRANDSHORES up 2.60%.

Gold stocks rose, with LINGBAO GOLD up 4.99%, CHI SILVER GP up 4.85%, Chifeng Jilong Gold Mining up 2.91%, CHINAGOLDINTL up 2.83%, ZHAOJIN MINING up 2.45%, TONGGUAN GOLD up 1.37%, SD GOLD up 1.19%, and Zijin Mining Group up 0.86%.

Robot Concept stocks strengthened, with XPENG AUTOS up 7.29%, JOHNSON ELEC H up 5.82%, FOURTH PARADIGM up 2.39%, and Horizon Robotics up 2.73%.

In terms of individual stocks,

$BOYAA (00434.HK)$ Bitcoin surged over 5%, breaking through the 0.11 million USD threshold. Previously announced a further increase in Bitcoin holdings in the first quarter, now holding approximately 3,350 Bitcoins with an Average Cost of about 58,627 USD each.

$XPENG-W (09868.HK)$ Surging over 7%, Chairman He Xiaopeng stated that he believes the strong growth momentum of XIAOMI-W will continue through 2025. The expected total delivery volume for the second quarter is 102,000 to 108,000 vehicles, representing a year-on-year increase of 237.7% to 257.5%, with revenue expected to be approximately 17.5 billion to 18.7 billion RMB, a year-on-year increase of 115.7% to 130.5%. "Very confident that this year not only will achieve a doubling of sales growth target, but also move towards profitability in the fourth quarter."

$MNSO (09896.HK)$Surging over 3%, will release a quarterly report tomorrow, Institutions indicate improvement in same-store trends.

$IMMUNEONCO-B (01541.HK)$During the trading day, it rose over 15%, and Institutions stated that the company will soon read out the world's first clinical data on macrophage therapy for treating SLE.

$J&T EXPRESS-W (01519.HK)$It rose over 2%, with strong growth in Southeast Asian business, and there is still potential for further reduction in unit costs.

$CHOW TAI FOOK (01929.HK)$It rose over 4% again, with domestic gold jewelry prices in gold stores once again breaking through the 1,000 yuan mark, highlighting the value-preserving properties of Gold products.

$LAOPU GOLD (06181.HK)$It rose over 3% again; the company today excluded the net income, and Institutions stated that its valuation level has further improved.

$DOBOT (02432.HK)$Increased by over 2%, signed a deepened Global Strategy cooperation agreement with TENCENT, promoting the application of embodied intelligence and Siasun Robot&Automation in various fields.

Top 10 trading volumes for the half-day.

Editor/joryn

The translation is provided by third-party software.


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