The Hang Seng Index fell in the afternoon, closing down 1.84% to 2234392 points; The Hang Seng technology index fell 2.71% to 501574. Science and technology network stocks generally fell, real estate and property management sectors fell, and mobile games, commercial banks and biomedicine sectors fell; The concept stocks of rare earth and non-ferrous metals, such as copper, rose. Yanmei Australia rose nearly 49%. Its intraday share price hit a record high and closed up nearly 22% yesterday. Yanmei Australia’s annual net profit in fiscal year 2021 was 791 million Australian dollars, turning losses into profits year-on-year.
[sector change]
Kwai Tsing shares fell, fast hand, Shun Yu optical technology fell nearly 9%, Rui sound technology fell 5%, beep, Byd Company Limited(002594) electronics fell nearly 5%, NetEase, Jinshan software fell nearly 4%.
Biopharmaceutical sector fell, zaiding pharmaceutical fell nearly 10%, Rongcheng biological fell more than 6%, tengshengbo pharmaceutical fell nearly 5%, and Shanghai Junshi Biosciences Co.Ltd(688180) , Wuxi Apptec Co.Ltd(603259) , Hangzhou Tigermed Consulting Co.Ltd(300347) fell nearly 4%.
The real estate sector fell, with Longguang group down nearly 14%, Yuzhou group down nearly 10%, Hejing Taifu group down more than 8%, Shimao Group down nearly 8%, country garden down more than 7%, Zhengrong real estate and rongchuang China down nearly 6%, China Olympic Park down more than 5% and China Evergrande down nearly 4%.
The commercial banking sector fell, with Bank of Jiangxi down nearly 11%, Standard Chartered group down more than 6%, HSBC Holdings down more than 5% and Bank of China Hong Kong down more than 4%.
The nonferrous metals sector rose, with the manganese industry in the South rising by more than 18%, Minmetals resources rising by nearly 12%, Aluminum Corporation Of China Limited(601600) rising by nearly 6%, China Hongqiao rising by nearly 5%, Zijin Mining Group Company Limited(601899) rising by more than 4%, and China Aluminum International Engineering Corporation Limited(601068) rising by nearly 4%.
[institutional perspective]
Citic Securities Company Limited(600030) : it is expected that the sales of real estate market will reach the bottom in March
Citic Securities Company Limited(600030) research report pointed out that Zhengzhou issued the notice on promoting the virtuous circle and healthy development of the real estate industry, which supported the real estate market and encouraged the demand for improvement in many fields, such as the implementation standard of loan restriction, the use of provident fund, the scope of purchase restriction, the payment mechanism of land price, second-hand online signing rules and so on. The policy has a demonstration effect, a more intensive policy window is about to open, the sales of the real estate market will reach the bottom in March 2022, and the investment confidence of development enterprises is expected to gradually recover in the second quarter.
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