On March 22, the gains of Hong Kong stocks expanded at the end of the trading day, and the Chinese concept stocks back to Hong Kong broke out again, leading the market. The Hang Seng Index rose 3.15% and 667 points, and the Hang Seng technology index rose 5.37%, back above 4600 points. Today, the net inflow of funds from the South was HK $2.702 billion, and the market turnover was HK $140.3 billion.
On the disk, the repurchase amount was raised to $25 billion. Alibaba soared by more than 11%, leading the popularity of technology stocks. Netease rose by more than 8%, jd.com, meituan and Xiaomi all rose by more than 6%, and Tencent rose by more than 4%; The internet medical sector led the gains, with auto stocks, sporting goods stocks, coal stocks, power stocks, mobile games stocks, non-ferrous metals stocks, interior housing stocks and property management stocks rising. On the other hand, pharmaceutical stocks bucked the trend, biotechnology stocks and medical US stocks fell together, and gas stocks rose and fell in different ways. ENN energy recorded two consecutive rises after its performance, and Hong Kong Zhonghua gas fell more than 14%.
Specifically
Most banking stocks in Hong Kong rose, with Standard Chartered Bank up more than 2%, HSBC Holdings and Daxin bank group up nearly 2%, Bank of East Asia up more than 2%, and Bank of China Hong Kong rising.
Federal Reserve Chairman Powell said that if the Federal Reserve thinks it is appropriate to raise interest rates by 50 basis points, it will do so; The Fed has not yet made a decision on the next interest rate adjustment. He also said that it is expected that there will be no progress on inflation in the near future, monetary policy can not solve the inflation problem 100%, and the possibility of economic recession next year has not increased. Last night, the yield of us 10-year Treasury bonds rose to 2.22%; The yield of us two-year Treasury bonds stood at 2% in the middle of the session, the first time since May 2019.
Domestic insurance stocks rose collectively in the afternoon, with China Taiping rising by more than 7%, Zhongan online rising by more than 6%, and Ping An Insurance (Group) Company Of China Ltd(601318) , China Pacific Insurance (Group) Co.Ltd(601601) , New China Life Insurance Company Ltd(601336) rising by more than 2%, followed by China property insurance.
Coal stocks strengthened throughout the day, with China Coal Energy Company Limited(601898) up more than 8%, Yankuang energy up more than 7%, Yitai Coal and China Shenhua Energy Company Limited(601088) up more than 5%, and China Qinfa and Shougang resources up more than%.
Haitong Securities Company Limited(600837) pointed out that according to the data from January to February, the growth rate of coal production is much higher than that of demand, but the coal price is still rising steadily, reflecting that the overall supply and demand is still tight. Considering the global shortage of coal resources and the situation in Russia and Ukraine, energy security will be paid more attention. Therefore, the tone of increasing production and ensuring supply may run through the whole year. It is expected that the growth rate of coal production in the whole year is still expected to grow steadily under the high base of last year.
Power stocks rose generally, Huaneng Power International Inc(600011) power, China Resources Power and China power all rose by more than 4%, while Datang International Power Generation Co.Ltd(601991) , power industry followed.
The National Energy Administration released the statistics of the national power industry in the first two months of this year. As of the end of February, the installed capacity of power generation in China was about 2.39 billion kw, an annual increase of 7.8%. Among them, the installed capacity of wind power is about 330 million KW, an annual increase of 17.5% Cecep Solar Energy Co.Ltd(000591) power generation installed capacity is about 320 million KW, an annual increase of 22.7% Huaneng Power International Inc(600011) Power Co., Ltd. will hold a board meeting on March 22 (today) to review the annual results. Previously, Zhongtai Securities Co.Ltd(600918) pointed out that the company is expected to turn losses into profits and maintain the growth trend of performance.
Sporting goods stocks rose collectively, with Li Ning and Tebu international up more than 8%, 361 degrees up more than 6%, Anta Sports up nearly 5% and Bosideng up more than 3%.
Nike’s performance exceeded expectations, driving the collective rise of Hong Kong sporting goods stocks. According to the results released this morning by Nike, the revenue of the third fiscal quarter (as of February 28, 2022) was $10.9 billion, higher than expected (expected to be $10.61 billion), an increase of 5% year-on-year. In the third quarter, Greater China’s revenue was $2.16 billion, with an estimated $2.09 billion.
Domestic real estate stocks rebounded higher during the session, with the development of new town rising by more than 10%, Lvjing China real estate and country garden rising by more than 8%, Hesheng Chuangzhan group rising by more than 7%, Vanke enterprise, Poly Real Estate Group and Rongxin China rising by more than 5%, and China Jinmao and China Olympic Park rising.
Oil stocks rose ahead, with CNOOC and Petrochina Company Limited(601857) shares up more than 4%, Kunlun energy up more than 3%, and CNOOC oilfield services and Petrochina Company Limited(601857) chemical services up more than 2%.
EU governments will consider imposing an oil embargo on Russia, and international oil prices rose. WTI crude oil futures were reported at US $112.9/barrel and Brent crude oil futures were reported at US $114.97/barrel.
Internet Medical stocks rose, with Alibaba health up more than 8%, and ping an good doctor and Zhong’an online up more than 6%.
Auto dealer stocks strengthened throughout the day, with Meidong automobile rising by more than 9%, Zhongsheng holding and Yongda Automobile rising by more than 7%, and harmonious automobile and Guanghui Baoxin rising.
Anti epidemic stocks led the decline, with Geli pharmaceutical and Shanghai Fosun Pharmaceutical (Group) Co.Ltd(600196) falling more than 7%, followed by Cansino Biologics Inc(688185) biology, Shanghai Junshi Biosciences Co.Ltd(688180) , Chinese traditional medicine, etc.
share changes
Alibaba closed up 11.20% to HK $110.20, with a total market value of HK $238994 billion. The turnover exceeded HK $8.8 billion and contributed more than 160 Hang Seng index points. On the news side, Alibaba announced that it would increase the repurchase amount to $25 billion, setting a record for the largest repurchase of China concept shares.
Today, there was a net inflow of HK $2.702 billion from the south, including HK $1.502 billion from the Hong Kong stock connect (Shanghai) and HK $1.2 billion from the Hong Kong stock connect (Shenzhen).
Looking forward to the future, the fund manager of BlackRock, a global asset management giant, said that after the recent decline, the valuation of Hong Kong stocks has become “extremely attractive”, believing that this is the time to enter the long-term layout. BlackRock Hong Kong stock connect vision hybrid fund manager said in a letter to investors that after the recent indiscriminate decline in the market, the valuation of many excellent Hong Kong stock listed companies may have entered the previous “dream” level.
It is reported that recently, among China’s five major quantitative hedge funds, two hedge funds have said that they regard China’s stock market as an investment object with long-term value after the recent market turmoil. Lingjun investment urged clients to hold assets in a longer-term perspective on Sunday; Jiukun investment promised on Friday that based on its confidence in the long-term and stable development of China’s capital market, it would purchase its stock asset management products with its own funds by means of monthly fixed investment. The monthly fixed investment amount is 10 million yuan, and the fixed investment cycle is 3 years.
