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Hong Kong stock market midday review | All three major indices are up, with the Tech Index rising by 1%; nuclear power and pharmaceutical stocks are strong, with CGN MINING soaring over 24% and INNOVENT BIO rising over 15%.

Futu News ·  Jun 4 12:18

Futu News reported on ****at the three major Hong Kong stock indices all rose, $Hang Seng Index (800000.HK)$ up 0.72%, $Hang Seng TECH Index (800700.HK)$ up 1.01%, $Hang Seng China Enterprises Index (800100.HK)$ up 0.87%.

As of the midday closing, 1,067 stocks rose, 697 fell, and 1,367 closed flat.

In the sector, Network Technology stocks saw a collective rise, with MEITUAN-W up 4.10%, XIAOMI-W up 1.69%, Alibaba-W up 1.32%, KUAISHOU-W up 1.27%, TENCENT up 0.99%, NTES-S up 0.91%, JD-SW up 0.47%, and Bilibili-W up 0.14%.

Nuclear power stocks surged collectively, with CGN MINING soaring over 24%, CNNC INT'L rising over 10%, and CGN NEW ENERGY increasing over 3%.

The "Hong Kong Stock Consumer Goods F4" - POP MART, Mao Geping, Mixue Group, and Laopu Gold all reached new highs!

Pharmaceutical stocks performed well, with INNOVENT BIO up 15.07%, CSPC PHARMA up 4.79%, SINO BIOPHARM up 4.69%, PHARMARON up 3.68%, 3SBIO up 1.32%, and Hutchmed (China) up 1.29%.

Securities and Brokerage stocks saw a collective increase, with HOLLY FUTURES up 9.09%, Everbright up 8.88%, China International Capital Corporation up 4.45%, China Galaxy up 3.26%, China Merchants up 2.83%, HTSC up 2.68%, BRIGHT SMART up 2.09%, and Guotai Junan up 1.60%.

Biotechnology stocks rose, with ZAI LAB up 10.97%, TIGERMED up 9.25%, Boan Biological Technology down 4.63%, Yuzi Biotechnology down 3.23%, BEIGENE up 3.17%, REMEGEN down 1.98%, WUXI BIO up 1.82%, and AKESO down 0.12%.

Lithium Battery stocks strengthened, with GANFENGLITHIUM up 5.74%, Tianqi Lithium Corporation up 4.96%, HONBRIDGE up 3.03%, Zhongchuang Hanghang up 2.09%, TIANNENG POWER up 1.67%, BYD up 1.65%, LEOCH INT'L up 1.26%, and BYD Electronic up 0.32%.

Automotive stocks were strong, with Xpeng-W up 2.99%, Geely Automobile up 2.93%, YADEA down 1.91%, BYD up 1.65%, NIO-SW up 0.91%, Li Auto-W up 0.86%, Great Wall Motor up 0.48%, and LEAPMOTOR up 0.26%.

In terms of individual stocks,$CMOC (03993.HK)$An increase of nearly 5%, with the price center of strategic metals significantly rising; the company's layout in gold mines is expected to bring new profit growth.

$NETEASE MUSIC (09899.HK)$An increase of over 4%, with institutions expecting online music revenue to grow by 15% year-on-year, bullish on the long-term membership revenue growth potential.

$CTIHK (06055.HK)$An increase of nearly 6%, with a clear acceleration in competitive dynamics among overseas tobacco leaders; institutions are optimistic about the company's 'internal + external' strategy.

$WL DELICIOUS (09985.HK)$Increased by more than 5%, the konjac category has broad future potential, and the company is expected to benefit first from the rapid expansion of the category.

$GUMING (01364.HK)$Increased by more than 8%, the company is likely to be included in the Hong Kong Stock Connect next week, and Goldman Sachs is bullish on instant beverage profits benefiting from delivery platform subsidies.

$MAO GEPING (01318.HK)$Increased by nearly 7%, the stock price reached a new high since listing, and Citi is optimistic about the company's competitive advantages.

Top 10 trading volumes for the half-day.

Editor/danial

The translation is provided by third-party software.


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