Futu News on July 25th: During the morning session, the three major indexes of the Hong Kong stock market continued to decline. As of midday, the Hang Seng Index fell by 1.42%, the national index fell by 1.73%, and the Hang Seng Tech Index fell by 1.49%. All three recorded three consecutive declines.
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As of midday close, the Hong Kong stock market increased by 405, decreased by 1238, and 1424 remained flat.
In terms of sectors, network technology stocks fell, with Meituan-W down 4.77%, Baidu Group-SW down 2.17%, Tencent Holdings down 2.15%, and Xiaomi-W down 1.69%.
Golden industrial concept stocks generally fell, with Zhaojin Mining down 7.92%, Chinagoldintl down 7.07%, Chi Silver GP down 6.78%, Lingbao Gold down 6.61%, SD Gold down 4.51%, and Zijin Mining Group down 4.46%.
Petroleum stocks fell, with PetroChina down 3.81%, CNOOC down 2.91%, Sino Oil & Gas down 1.35%, and Sinopec Corp down 1.21%.
Coal industrial concept stocks are weak, with Yancoal Aus down 4.05%, Shougang Res down 3.53%, China Coal Energy down 2.44%, Yankuang Energy down 2.40%, and China Shenhua Energy down 2.37%.
In terms of individual stocks,$CPIC (02601.HK)$Mainland insurance companies led the decline with a drop of over 4%. Insurance companies are facing significant pressure from interest rate spreads, and life insurance expected interest rates may be lowered again.
$CHALCO (02600.HK)$Aluminum prices fell for the seventh consecutive time during the off-season with a decline of nearly 4%. Aluminum business profits in the third quarter may also decline slightly.
$CM BANK (03968.HK)$China mainland banking stocks led the decline with a drop of over 4%. The central bank has optimized the interest rate system, and the bank interest rate spread is still in a continuous narrowing trend.
$MMG (01208.HK)$Copper production in the second quarter decreased by 2% year-on-year, with a total output of approximately 0.091 million tons, causing a decline of more than 3%.
$CR BLDG MAT TEC (01313.HK)$Cement stocks led the decline with a drop of over 4%. Institutions believe that there is limited room for further increases in cement prices.
TOP20 turnover in half a day
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Editor/Feynman