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Hong Kong stock market afternoon commentary | All three major Indexes fell, with the Tech Index down 2.08%; Network Technology stocks corrected, with Meituan down nearly 3%; Gold stocks strengthened against the trend, Chifeng Jilong Gold Mining rose over

Futu News ·  Jun 13 12:10

Futu News reported on June 13 that the three major Hong Kong Indexes all fell, $Hang Seng Index (800000.HK)$ down 0.70%, $Hang Seng TECH Index (800700.HK)$ down 2.08%, $Hang Seng China Enterprises Index (800100.HK)$ down 0.89%.

As of the midday close, 567 stocks in Hong Kong increased, 1307 decreased, and 1264 closed flat.

In terms of sectors, Network Technology stocks are experiencing a pullback. Bilibili-W fell by 2.81%, MEITUAN-W by 2.77%, Alibaba-W by 1.75%, XIAOMI-W by 1.72%, KUAISHOU-W by 1.54%, NTES-S by 1.15%, JD-SW by 0.91%, and TENCENT by 0.10%.

Lithium Battery stocks weakened, with China Graphite down by 6.41%, Zhenhua New Energy down by 4.23%, BYD Company down by 4.09%, BYD Electronics down by 2.69%, TIANNENG POWER down by 2.69%, LEOCH INT'L up by 2.55%, GANFENGLITHIUM down by 2.33%, and Tianqi Lithium Corporation down by 2.24%.

Automobile stocks saw a general decline, with XPeng Motors-W down by 5.37%, BYD Company down by 4.09%, NIO-SW down by 4.06%, Great Wall Motor down by 3.39%, Guangzhou Automobile Group down by 3.08%, LI Auto-W down by 2.66%, Geely Automobile down by 2.63%, and LEAPMOTOR down by 1.21%.

Shipping and port stocks are on the rise, with COSCO SHIP ENGY up by 11.53%, COSCO Shipping Holdings up by 5.08%, OOIL up by 4.18%, SITC up by 1.95%, COSCO SHIPPING Development up by 1.92%, COSCO SHIP PORT up by 1.63%, and DTX SHIPPING up by 1.61%.

Digital Health stocks saw several declines, with PA GOODDOCTOR down by 4.81%, ALI HEALTH down by 4.00%, ZA ONLINE down by 3.48%, Dingdang Health down by 3.13%, JD HEALTH down by 2.29%, and Midea Weikang down by 1.12%.

Gold stocks performed strongly against the trend, with Chifeng Jilong Gold Mining up by 13.49%, LINGBAO GOLD up by 7.74%, SD GOLD up by 5.19%, ZHAOJIN MINING up by 4.08%, CHI SILVER GP up by 3.19%, TONGGUAN GOLD up by 3.09%, Zijin Mining Group up by 1.50%, and CHINAGOLDINTL up by 0.07%.

As for individual stocks,$DREAM INT'L (01126.HK)$Surged over 7%, the company is one of the largest plush toy manufacturers in the world, Institutions are bullish on the accelerated growth of the toy market.

$CHOW TAI FOOK (01929.HK)$ Increased by more than 9% after earnings, the fiscal year 2025 performance exceeded expectations, Morgan Stanley raised the company's earnings forecast and target price.

$SHANDONG MOLONG (00568.HK)$Volume surged over 71%, risk aversion continues to stimulate oil prices, which skyrocketed by over 10%, the company is aggressively implementing its overseas strategy.

$COSCO SHIP ENGY (01138.HK)$Increased by over 11%, the situation in the Middle East is affecting the ongoing cycle of the Red Sea crisis.

$ZHAOJIN MINING (01818.HK)$Increased by over 4%, the Middle East situation has escalated sharply, and risk aversion sentiment has driven international gold prices to a new high.

Top 10 by half-day trading volume.

Editor/danial

The translation is provided by third-party software.


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