Futu News on September 19, the three major Hong Kong stock indexes rose together, with the Hang Seng Index up 1.81%, the Technology Index up 3.05%, and the Mainland Index up 1.87%.
As of the midday close, 1147 stocks in Hong Kong rose, 629 fell, and 1285 remained unchanged.
In terms of sectors, tech stocks rose, with Kuaishou-W up 6.10%, JD.com-SW up 5.37%, Alibaba-SW up 3.32%, Meituan-W up 3.27%, Baidu-SW up 2.83%, Tencent up 2.00%, Netease-S up 1.75%, and Xiaomi-SW up 0.72%.
Mainland real estate stocks soared, with R&F Properties up 13.85%, Shimao Group up 13.68%, Sunac China up 9.78%, China Resources Land up 9.33%, Agile Group up 9.09%, China Vanke up 8.72%, and Greentown China up 8.32%.
Property services and management stocks strengthened, with WM Cloud up 9.81%, Greentown Management up 8.83%, Poly Property up 7.99%, China Resources Mixc up 6.87%, A-Living Services up 6.76%, China Overseas Property up 6.74%, Country Garden Services up 5.11%, and Evergrande Services up 4.35%.
Digital health stocks performed well, with Ali Health up 6.67%, Meinian Onehealth down 5.41%, JD Health up 5.17%, Dingdang Health up 4.08%, Zhongan Online up 2.90%, and Ping An Good Doctor up 2.41%.
Dining stocks rose across the board, with Jiumaojiu up 12.79%, Xiabuxiabu up 6.49%, Haidilao up 6.36%, Nayuki Tea up 4.80%, International Meal up 2.92%, Yum China up 2.64%, Dash Brands up 1.88%, and Cafe de Coral H up 0.13%.
Casinos and gaming stocks generally rose, with Galaxy Entertainment up 5.01%, Sands China Ltd up 3.26%, Wynn Macau up 2.81%, MGM China up 2.80%, Melco Int'l Dev up 2.76%, SJM Holdings up 2.02%, Dynam Japan up 0.93%, and NagaCorp up 0.31%.
In other aspects, heavyweight financial stocks, stocks beginning with middle letter, etc., all rose to help boost the market. Ping An Insurance of China rose by over 4%, with most active performance from marine transportation stocks, pulp and paper stocks, and auto stocks.
In terms of individual stocks, $MEITUAN-W (03690.HK)$ Continued to rise by over 3%, with a cumulative increase of over 62% this year. Daiwa raised its target price to 160 Hong Kong dollars.
$CHINA VANKE (02202.HK)$ Increased by nearly 9%, there is still room for the real estate policy to exert force, and institutions point out that overseas interest rate cuts are expected to bring about the release of housing demand.
$MIDEA GROUP (00300.HK)$Rising again by over 9%, it has risen by over 18% compared to the IPO price. The company stated that the Hong Kong IPO will help accelerate the globalization process.
$MNSO (09896.HK)$Up more than 10%, continuous share repurchases in recent period, gross margin in the first half of the year hit a historical high.
$HKEX (00388.HK)$Up more than 5%, the Hong Kong IPO market may see more large-scale new listings, major banks believe that the rate cut will have a positive impact on trading volume.
$LI AUTO-W (02015.HK)$Up more than 4%, cumulative delivery of L6 has exceeded 0.1 million vehicles, automotive gross margin is expected to further increase.
$CMOC (03993.HK)$Up more than 4%, the industry will enter the traditional peak season of demand, institutions believe that molybdenum prices are expected to embark on a new cycle of growth.
$WUXI BIO (02269.HK)$The CRO concept led with a more than 6% increase, and the Federal Reserve announced aggressive interest rate cuts, which is expected to continue to improve the financing of innovative drugs.
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