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港股午评 | 周期股发力!恒指涨1.69%,博彩、银行、钢铁等板块领涨

Hong Kong Stock Afternoon Review | Cyclical stocks are gaining strength! The Hang Seng Index rose 1.69%, with gaming, banking, steel and other sectors leading the way

富途資訊 ·  Mar 3, 2021 12:08  · Exclusive

Futu Information March 3 | the main index of the Hong Kong stock market rose, with the Hang Seng Index up 1.69%, the National Index up 1.6% and the Hang Seng Technology Index up 0.01% at midday.

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Plate aspectTechnology stocks rebounded after opening lower. Among the components of the Hang Seng Technology Index, Zhongan Online rose 2.53%, Heart beat rose 2.1%, XIAOMI Group rose 1.92%, BYD Electronic rose 1.8%, and Tencent rose 1.58%.

Gambling stocks rose, with Galaxy Entertainment up 6.36%, Sands China Ltd. up 6.04% and Melco International Development up 5.78%. The Macao SAR government announced that starting from today, the requirement to show negative nucleic acid test results for entering casinos will be lifted, but casinos will continue to strictly implement other epidemic prevention measures.

Aviation stocks fluctuated upward, with China Southern Airlines up 5.74%, Air China Limited up 3.19% and China China Eastern Airlines Corp Ltd shares up 2.26%. Societe Generale Securities Research News pointed out that the 14th five-year Plan is the golden period for high-quality aviation enterprises, and the airport sector is one of the few core assets that are still low. With the rebound in demand, 21 years will be the starting point of the next round of aviation cycle. When the bottom layout is right, the margin of safety is high, and the future is flexible.

Bank stocks rose in early trading, with China Merchants Bank up 6.77%, Postal Savings Bank of China up 5.01% and Industrial and Commercial Bank of China up 4.41%. CITIC expects that the liquidity of funds will be warm during the two sessions, focusing on the monetary policy orientation and financial work setting of the two sessions. From the annual perspective, the return of the monetary environment to normal is conducive to the intermediary status of banks, liquidity prudence is conducive to banks to enhance pricing power, economic recovery is conducive to asset quality expectations, the sector has high certainty allocation opportunities. Short-term volatility in the peripheral market is amplified, and the sector also has defensive attributes, especially those of large banks and low-valued banks.

The iron and steel sector rose strongly, including China Oriental Group up 17.05%, Chongqing Iron and Steel shares up 15.04%, and Angang shares up 13.19%. Under the influence of factors such as the improvement of the domestic economy and the optimistic expectation of demand growth, domestic steel prices have risen generally recently. Institutional data show that the prosperity of the iron and steel industry improved significantly in February, showing a weak market in the off-season. In addition, against the background of carbon neutralization, CITIC believes that the gap between supply and demand this year may be no less than the supply-side reform period in 2017, the steel industry is expected to usher in Davis double-click.

Wind power stocks fell sharply, with China Longyuan Power Group Corporation down 13.66%, Datang New Energy down 5.41% and Xinjiang Goldwind Science & Technology down 4.91%. Last night (March 2), the Energy Administration released a draft for soliciting opinions on wind power photovoltaic development in 2021. Bank of China International expects the market to react negatively to the draft, worried about the growth of new energy operators and declining returns for old and new projects.

Individual stocksPoly Xiexin Energy (03800.HK) $At midday, it closed up 8.81% at HK $3.21. After the Lunar New year holiday, the shortage of upstream polysilicon links becomes more serious. Polysilicon enterprises tend to have zero inventory and there is no room to deliver additional orders. Affected by the increase in the price of domestic single crystal materials, the price of polysilicon is also rising.

$Ganfeng Lithium (01772.HK) $At midday, it closed up 5.99 per cent at HK $111.5. According to the latest equity disclosure information of the Stock Exchange, on February 25, 2021, Ganfeng Lithium was sold by Vermilion Bird Fund Management Co., Ltd. to increase its holdings of 367600 shares at an average price of HK $109.25 per share, involving a capital of about HK $40.1603 million. After the increase, the latest number of shares held by Vermilion Bird Fund Management Co., Ltd. is 52914400 shares, and the proportion of shares has increased from 21.87% to 22.03%.

$China Tobacco Hong Kong (06055.HK) $At midday, it closed down 5.06% at HK $18. The company announced after trading yesterday that for the year ended December 31, 2020, its revenue was HK $3.481 billion, down 61.22% from a year earlier; gross profit was HK $138 million, down 67.09% from a year earlier; profit attributable to equity holders was HK $95.1919 million, down 70.15% from a year earlier; earnings per share were HK $0.14.

$Aluminum Corporation Of China Ltd (02600.HK) $At midday, it closed up 10.74% at HK $4.02. Blackrock increased his stake in Aluminum Corporation Of China Ltd on February 25 at an average price of HK $4.0325 per share, involving 12.2133 million shares with a capital of HK $49.2501 million, and his stake rose from 5.77 per cent to 6.08 per cent, according to the SEHK.

Edit / Jeffy

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