On March 17, Hong Kong stocks continued yesterday’s big rebound, and the market sentiment was stabilized. The Hang Seng Index rose 7.04% and returned to the top of 21000 points. It recovered three integer levels for two consecutive days. The Hang Seng technology index rose 7.76% and rose more than 1000 points on the second day, recovering 4500 points.
On the disk, large technology stocks continued to rebound, with Baidu up more than 16%, JD up 15.85%, Alibaba and meituan up more than 12% and Tencent up more than 6%; The performance of domestic real estate stocks and property management stocks was the most brilliant. Rongchuang China soared by more than 60%, Xincheng development, Longguang group, ya life service and rongchuang service soared by more than 40%, and most stocks such as R & F real estate and jiazhaoye group rose by more than 30%; Pharmaceutical stocks, haobet stocks, heavy machinery stocks, catering stocks, household appliances stocks, large financial stocks, automobile stocks, oil stocks and gas stocks rose one after another, and the market was very good. On the other hand, only some sectors of k12 education and packaged food fell, while New Oriental and China Wangwang bucked the trend.
specifically
Interior housing stocks soared, rongchuang China rose nearly 60%, Xincheng development, time China and Longguang group rose more than 42%, jiazhaoye group, Shimao Group, Xuhui holding and Hejing Taifu rose more than 30%.
In terms of news, the financial commission of the State Council said that it was necessary to timely study and put forward effective solutions to prevent and resolve risks, and put forward supporting measures for the transformation to a new development model; The cbcirc said that it encouraged institutions to carry out M & A loans in a stable and orderly manner, and focused on supporting high-quality real estate enterprises to merge and acquire high-quality projects of difficult real estate enterprises; The Ministry of Finance said that it is not qualified to expand the pilot cities of real estate tax reform this year.
Property management stocks soared, with elegant life services up more than 48%, rongchuang services up nearly 47%, and country garden services, Shimao services and Baolong commerce up more than 30%.
The collective strength of the collective strength of the collective strength of the collective strength of the collective strength of the collective strength of the collective strength of the collective strength of the collective strength of the collective strength of the ‘ Orient Securities Company Limited(600958) high.
On the news side, since April 2022, the payment proportion of the minimum settlement provision for stock business has been reduced from 18% to 16%.
Anti epidemic stocks continued to be strong, with Shanghai Junshi Biosciences Co.Ltd(688180) , tengshengbo pharmaceutical, China biopharmaceutical and Ali health up more than 12%, Shanghai Fosun Pharmaceutical (Group) Co.Ltd(600196) up more than 10%, Geli pharmaceutical up nearly 10%, Sihuan pharmaceutical up more than 7%, and Cansino Biologics Inc(688185) biological up more than 6%.
Gaming stocks rose higher, with Melco international development and SJM holding up more than 13%, sands China, MGM China and Wynn Macau up more than 11%, and galaxy entertainment up more than 9%.
According to the latest research report issued by Damo, haogambling shares have fallen 62% by market value since December 2019. It is believed that the market reflects the two major factors affecting passengers by the renewal of gambling cards and covid-19 epidemic, which are regarded as short-term factors from the perspective of long-term investment. The bank said that assuming that the Macao SAR government can normally implement the extension of gambling, it is estimated that haogambling shares can potentially recover by 20% to 30%, and EBITDA is expected to be normalized from the second half of 2023 to 2024.
Bank stocks rose generally, China Merchants Bank Co.Ltd(600036) up more than 9%, Postal Savings Bank Of China Co.Ltd(601658) up more than 6%, ABC up more than 5%, ICBC up more than 5%; Among Hong Kong banking stocks, HSBC and BOC Hong Kong rose about 4%, while Standard Chartered rose more than 6%.
share changes
BiliBili closed up 15.97% to HK $208.40, with a total market value of HK $80.773 billion; The company will voluntarily seek dual listing on the Hong Kong stock exchange. Dual listing means that both capital markets are the first place to be listed. BiliBili is now listed on the Hong Kong stock exchange for the second time.
Shanghai Fosun Pharmaceutical (Group) Co.Ltd(600196) closed up 11.37% to HK $33.30, with a total market value of HK $85.345 billion; 35 pharmaceutical enterprises were allowed to produce Pfizer covid-19 oral drugs free of charge, including 5 Chinese enterprises, namely Shanghai Desano, Zhe Jiang Hua Hai Pharmaceuticalco.Ltd(600521) , Apeloa Pharmaceutical Co.Ltd(000739) , Shanghai Fosun Pharmaceutical (Group) Co.Ltd(600196) , Zhejiang Jiuzhou Pharmaceutical Co.Ltd(603456) .
The net inflow of southbound funds was HK $2.443 billion, including HK $1.714 billion from Hong Kong stock connect (Shanghai) and HK $4.157 billion from Hong Kong stock connect (Shenzhen).
Looking forward to the future, the Research Report of Damo pointed out that the State Council requires financial institutions to support economic development from the overall situation, maintain the stability of the capital market and support overseas listing of enterprises. The bank believes that the relevant statements of the mainland have a positive impact. The bank said that the Hang Seng Index has risen sharply to above the bank’s bear scenario target of 19500 recently, and the path back to the bank’s basic prediction is clearer than before, or may last for a long time. The bank maintained its view that China’s capital market should “keep pace with the big market”. Dama said that China’s capital market should continue to rise. Investors should observe from five aspects: first, whether China will adjust its current policies to deal with covid-19 epidemic, and observe the impact of social departure measures on economic activities; The second is the factor of global geopolitical tension; Third, the mainland property market needs to stabilize; Fourth, the administration’s policies and implementation need to be more coordinated; The fifth is to increase investors’ confidence in the recovery of offshore IPO market.
