On the 5th, Hong Kong stocks weakened unilaterally throughout the day, the Hang Seng Index fell 23000 points, and the Hang Seng technology index continued to hit a new low.
As of the close, the Hang Seng Index fell 1.64% to 22907.25; Hang Seng SOE index fell 2.01% to 8015.70; The Hang Seng technology index fell 4.63% to 5323.47.
On the disk, technology stocks collapsed, the US group plunged 11.2%, led the blue chip, fell 10.63%, Kwai Po, Jingdong fell more than 7%, Tencent fell more than 4%, Baidu, millet and NetEase fell more than 3%.
Auto stocks fell, ideal auto fell nearly 10%, Xiaopeng auto and Great Wall Motor Company Limited(601633) fell more than 9% and Byd Company Limited(002594) fell more than 8%. Pharmaceutical stocks continued to weaken, zaiding pharmaceutical fell nearly 10%, Yaoming junuo fell 9.47%, and many stocks such as Hangzhou Tigermed Consulting Co.Ltd(300347) , nuocheng Jianhua and Kaifa pharmaceutical fell more than 7%.
In terms of individual stocks, China Huarong, which has been suspended for more than 9 months, resumed trading. The stock opened down 40.2% and quoted HK $0.61; As of the close, it fell 50% and quoted HK $0.51.
In terms of news, on December 30, 2021, China Huarong announced that it had officially completed the capital increase of 42 billion yuan, and CITIC Group and China Insurance Rongxin fund became the second and third largest shareholders of the company respectively. On January 4, China Huarong announced that the resumption of trading of Hong Kong stocks ended the suspension of trading since April 1, 2021. Wang Wenjie, vice president of China Huarong, said that the company has the ability and conditions to realize the return to shareholders.
China Mobile closed up 3.33% and quoted HK $49.60. It announced in Hong Kong on January 4 that it planned to exercise its power under the repurchase authorization to repurchase Hong Kong shares on the stock exchange of Hong Kong, and the number of Hong Kong shares repurchased would not exceed 2047548289; China Mobile’s A-Shares were officially listed today, up 0.52% at the close and quoted 57.88 yuan.
At present, the sentiment of the Hong Kong stock market is extremely pessimistic, and there are even many views that it is natural for Hong Kong stocks to break the net valuation. According to the analysis of Soochow Securities Co.Ltd(601555) (Hong Kong), the bottom area of the current market should be more optimistic, and take the acceptable reasonable dividend rate under the condition that the stock price does not rise all year round as the value anchor to actively long Hong Kong stocks.
(Zhongxin Jingwei)
