Futu News reported on September 18 that the decline in the three major Hong Kong stock indices increased in the afternoon. The Hang Seng Index closed down 1.39%, the Codex fell 2.22%, and the National Index fell 1.59%.

By the close, Hong Kong stocks had risen 657, fell 1204, and closed 1,098.

The specific industry performance is as follows:

On the sector side, science and technology network stocks accelerated their decline in the afternoon.Bilibili and JD fell nearly 3%, Kuaishou and Alibaba fell more than 2%, Meituan, NetEase, and Tencent fell nearly 2%, and Baidu fell more than 1%.

Most auto stocks have declined.Zero Run fell more than 5%, Ideal fell nearly 4%, NIO fell more than 2%, Xiaopeng fell more than 1%, BYD fell slightly, and Great Wall and Geely rose more than 1%.

Domestic housing stocks and property management stocks were sluggish throughout the day.Ocean Group fell more than 5%, China Resources Land fell more than 3%, Longhu Group fell nearly 3%, Country Garden Services and Vanke Enterprise fell more than 2%, Country Garden, Sun Hung Kai Properties, and China Evergrande fell nearly 2%, and Sunac China reversed the market by nearly 7%.

The semiconductor oscillation is declining,SMIC fell more than 5%, Huahong Semiconductor fell nearly 3%, and Shanghai Fudan fell more than 1%.

Gaming stocks are doing well,MGM China rose more than 3%, while Galaxy Entertainment and Wynn Macau rose nearly 2%.

Biotech concept stocks strengthened against the market,Rongchang Biotech and Kingsri Biotech rose nearly 4%, Juzi Biotech rose nearly 3%, Zaiding Pharmaceutical and Pharmaceutical Kangde rose nearly 2%, and Kangfang Biology, Tiger Pharmaceutical, and BeiGene rose more than 1%.

On the other hand, all gold stocks that have continued to rise have pulled back, with large financial stocks and top Chinese stocks generally performing sluggish; with the National Day holiday approaching, travel stocks bucked the trend; and most military stocks were active.

In terms of individual stocks,$SMIC(00981.HK)$It fell by more than 5%, and TSMC is worried about poor demand and delays in receiving chip equipment.

$MGM CHINA(02282.HK)$It rose by more than 3%. The average minimum bet amount in Macau continued to rise in September, and attracted buying opportunities ahead of Golden Week.

$SUNAC(01918.HK)$There was a sharp increase of nearly 7%, and it is planned to spin-off development of real estate development projects in Hainan.

$CTG DUTY-FREE(01880.HK)$It has risen by more than 3%, travel on the “Eleventh Day” is very popular, and outbound travel continues to recover.

$YANKUANG ENERGY(01171.HK)$It has risen by nearly 3%. Institutions claim that the coal sector is representative of the industry with high dividends and high dividends, and the cost performance ratio of investment is becoming more and more prominent.

$HONGJIU FRUIT(06689.HK)$It surged nearly 40%, opening up a new field of digital innovation and cooperation in Cambodia's agricultural supply chain.

Today's Top 20 Hong Kong Stock Turnovers

Hong Kong Stock Connect Capital

In terms of Hong Kong Stock Connect, Hong Kong Stock Connect (Southbound) today had a net inflow of HK$8.733 billion.

Agency Perspectives

• Omo: Gives Sands China a “synchronizing with the market” rating, with a target price of HK$30

Damo released a research report saying it believes$SANDS CHINA LTD(01928.HK)$The stock price will outperform the market within 60 days, and the probability of occurrence is over 80%. The target price for this stock is HK$30, and the rating is “in sync with the market”. The bank expects that Sands China's market share and gross profit improvements in the third quarter may fall short of market expectations.

• Goldman Sachs: Maintains Hang Lung Properties' “buy” rating with a target price of HK$18.3

Goldman Sachs released a research report saying that it maintains$HANG LUNG PPT(00101.HK)$A “buy” rating, with a target price of HK$18.3. Because its valuation is low (dividend yield is 7.4%, market account ratio is 0.35 times), but due to weak domestic consumer demand and overseas spending by mainland tourists that may dilute domestic consumption, the market price already reflects most of the downside.

• Komo: China Resources Gas's rating was raised to “increase holdings”, and the target price was raised to HK$27

Xiaomo released a research report saying it will$CHINA RES GAS(01193.HK)$The rating was raised from “neutral” to “increased holdings”, and the target price was raised from HK$26.5 to HK$27. The company's gas volume increased by 10% in August, up 7% from the first half of the year, and increased by 4% in the first quarter. As the macro momentum stabilizes, the bank believes the company's 7% growth guideline this year is likely to be achieved, and there is potential upside.

editor/tolk