The Hong Kong stock market opened low and went high. The decline of its main indexes narrowed sharply in the afternoon. The science and technology index and state-owned enterprise index closed red and stood above 4000 points.
As of press time, the Hang Seng Index fell 0.21% to close at 2063852; The science and technology index rose 0.28% to close at 400108; The SOE index rose 0.15% to close at 697238.
technology index turned red in the afternoon, and institutions are optimistic about Hong Kong technology stocks
More noteworthy is that the Hang Seng technology index fell sharply by 3.39% in early trading today, reaching an intraday low of 386378 points, but then gradually rose to close at 4001 points, with an increase of 137.22 points during the period.
Heavyweights of the science and technology index continued to make efforts throughout the day, driving the recovery of market sentiment. Among them, meituan-w (03690. HK) rose 2.61%, Haier Smart Home Co.Ltd(600690) (06690. HK) rose 5.46%, and Xiaomi group-w (01810. HK) rose 0.87%.
Many star fund managers are also interested in the Internet sector of Hong Kong stocks. Taking the selection of e-fund blue chips managed by e-fund star fund manager Zhang Kun as an example, the fund significantly increased the U.S. group, with an increase of 32.53%.
sec raised market concerns that the Fed’s interest rate hike continued
However, it triggered sharp fluctuations on Friday and in early trading today, mainly due to the “pre delisting list” announced by the Securities Association of America (SEC) this morning, in which companies such as ideal automobile (Li. US), best. Us and BEKE. Us were added. This is also the fifth batch of Chinese stock companies included in the list since March, which further worried the market.
This news put great pressure on zhonggai shares. Taking the NASDAQ Jinlong index as an example, the index closed down 5.17% to close at 614763 points, including iqiyi (IQ) down 14.89%, Sohu (Sohu) down 9.89% and shell down 7.77%.
Federal Reserve Chairman Powell announced overnight that he would discuss raising interest rates by 50 basis points at the interest rate meeting next month. These remarks strengthened the market’s expectation that the Federal Reserve would actively tighten policy. However, the single “75 basis point interest rate increase theory” thrown out by Louis Fed chairman Brad triggered hot discussion in the market. In addition, Nomura Securities expects the Federal Reserve to raise interest rates by 75 basis points in June and July respectively after raising interest rates by 50 basis points in May.
In addition, Alibaba SW (09988. HK) and JD (09618. HK) and other companies have recently converted more ADRs into Hong Kong stocks. As of April 21, 641 million shares of Alibaba had been converted from ADR to Hong Kong shares this month, with a market value of about HK $70 billion. JD also converted 700 million ADR shares into Hong Kong stocks this month, with a market value of about HK $150 billion. These two stocks together increased the market value of their Hong Kong stocks to HK $220 billion.
Some analysts pointed out that in recent years, more similar conversions have greatly increased the circulating market value of Hong Kong stocks, which has brought a great test to the liquidity of the market, which can partly explain why the Hong Kong stock Hang Seng Index has adjusted significantly in the past year.
In the Hong Kong stock sector, green power, clothing, and other concept stocks maintained gains, rising 1.81% and 0.99% respectively.
green power concept stocks rose against the trend and good news came out one after another
Among green power concept stocks, Datang International Power Generation Co.Ltd(601991) (00991. HK) rose 5.79%, Huaneng Power International Inc(600011) power (00902. HK) rose 5.97%, Huadian Power International Corporation Limited(600027) power (01071. HK) rose 4.42%, and China Power (02380. HK) rose 4.36%.
First, Ge released the white paper on Ge China’s energy transformation. The white paper points out that under the premise of ensuring energy stability, the gradual transformation of China’s coal based energy structure is the foothold to achieve the “double carbon” goal, and the clean transformation of the power system is the core starting point to achieve the “double carbon” goal. In addition, China’s offshore wind power will usher in a period of rapid development relying on technological progress. Therefore, the construction of offshore wind power ecosystem is being regarded as a key project of energy transformation by more and more coastal provinces and cities.
The second is the data recently released by the national energy administration. As of the end of March, the installed capacity of power generation in China was about 2.4 billion kw, a year-on-year increase of 7.8%. Among them, the installed capacity of wind power was about 340 million KW, a year-on-year increase of 17.4% Cecep Solar Energy Co.Ltd(000591) installed power generation capacity was about 320 million KW, an increase of 22.9% year-on-year.
clothing stocks have maintained their rise recently and are favored by institutions
Among the clothing concept stocks, domestic brands such as Bosideng (03998. HK), Anta sports (02020. HK) and Li Ning (02331. HK) are highly sought after by the market. As of the closing, the above stocks rose 8.04%, 3.58% and 1.89% respectively.
Guosen Securities Co.Ltd(002736) recently pointed out that the recent annual reports of textile and clothing companies have successively disclosed that sports brands at home and abroad have shown brilliant performance and operating efficiency. Since mid March, the epidemic has had a significant negative impact on the fundamentals and valuation of the sector, but it does not affect the potential improvement of medium and long-term high-quality local sports brands and the growth prospects of the industry. In addition, Guoxin is optimistic about the fundamentals and the opportunity of valuation rebound under the background of historical low valuation. Hong Kong stocks mainly recommend Li Ning, Anta sports, Shenzhou International and other brands.
Southbound capital
Today, there was a significant inflow of HK $3.283 billion from the south, which was higher than the level of nearly a week.
market stock news and changes
[Lexiang group promotes overseas e-commerce sales in the afternoon and becomes a new driving force]
Lexiang group (06988. HK) rose 7.69% to HK $2.66. The company followed the jitter to sea, and Anxin Securities said earlier that the company focused on the TikTok short video tiktok with huge user base, which was used to expand overseas electricity business. At present, the proportion of electricity business in revenue has gradually improved, and there is still room for growth in the future.
[CNNC Guangzhou power increased by nearly 4%, and the net profit in the first quarter increased by 20% year-on-year]
China Nuclear Power (01816. HK) rose 3.94% to close at 2.11 yuan. The company released its first quarter report. The net profit attributable to the parent company was about 2.85 billion yuan, an increase of 20.10% year-on-year, mainly due to the increase in the comprehensive electricity price of market trading electricity compared with the same period last year and the increase in the investment income of Hongyanhe Nuclear power.
[the new Newco soared more than doubled before, and the company’s share price closed down 22%]
New Zealand Technology (09600. HK) fell 21.63% to HK $1.63. Previously, the company had doubled its price in nearly two trading days, which attracted market attention. Therefore, the company announced on the 20th that it did not know any reason for the fluctuation of the transaction price and trading volume of these shares.
