The Hong Kong stock market opened lower and went higher. The Hang Seng Index closed red in late trading, and the science and technology index is still in adjustment. In addition, the green power concept maintained its rise throughout the day.
As of the close, the Hang Seng Index rose 0.20% to close at 2064428 points, maintaining above 20000 points; The science and technology index fell 0.29% to close at 426037 points, still above 4000 points; The SOE index rose 0.18% to close at 708929.
Note: Hang Seng Index
Take the Hang Seng Index as an example. After the index opened slightly lower in the morning, there was a wave of pulling up in the market, touching today’s high of 2070747.
At the same time, judging from the constituent stocks of Hang Seng Index, more than half of the constituent stocks rose, which led to the recovery of the market in the afternoon. Among them, Chuangke industry (00669. HK) rose nearly 6%, Shenzhou International (02313. HK) rose 3.14%, Byd Company Limited(002594) shares (01211. HK) rose 2.44%, and Country Garden Service (06098. HK) rose 2.31%.
Note: performance of constituent stocks of Hang Seng Index
Hong Kong stock market is full of resilience and technology ETF flows into a new high
As for the fluctuation of Hong Kong stock market today, Citic Securities Company Limited(600030) pointed out that the current node is the best time for additional allocation in Hong Kong stock market. He also pointed out that the improvement of liquidity and the reversal of fundamental expectations are the main reasons for the continuous rise of Hong Kong stocks in recent days.
Citic Securities Company Limited(600030) also pointed out that the downward revision trend of the performance forecast of the main Hong Kong stock indexes since the beginning of the year has also been reversed under the expectation of the repair of economic kinetic energy and the continuous introduction of the steady growth policy. Last week, the net profit growth forecast of the hang Seng Index and the Hang Seng Composite Index in 2022 was revised, and the revenue growth forecast has rebounded since April.
Shanghai recently announced that all 16 administrative regions in the city have achieved social clearance, and the resumption of work and production is expected to continue in the future. In the short term, this will lead to continued benefits for relevant sectors and individual stocks.
Zhongtai international recently pointed out that the transaction amount and unit issuance of Southern Hang Seng technology ETF (03033. HK), which tracks the technology index, have soared in the past month, both reaching a new high since its establishment, reflecting that more overseas and institutions take the lead in distributing technology stocks through ETF. According to statistics, the net purchase volume of Southern Hang Seng technology ETF has reached 594 million since March 15, the highest in three years.
Generally speaking, institutions generally take the lead in buying the Technology Index ETF as a certain position, and then slowly buy the corresponding technology stocks in the market. On the one hand, they can control the risk, on the other hand, they can capture the rising trend of major technology stocks at the same time.
From the disk point of view, green power stocks led the rise, cars and lithium batteries continued the early heat, while the Internet stocks that have continued to rebound recently showed a callback trend.
green power concept continued to benefit Huaneng Power International Inc(600011) increased by more than 8%
Among green power stocks, Huaneng Power International Inc(600011) (00902. HK), China Resources Power (00836. HK) and China Power (02380. HK) rose 7.80%, 8.35% and 5% respectively.
Note: Trend of green power stocks
In terms of news, the national Standing Committee previously allocated 50 billion yuan of renewable energy subsidies to central power generation enterprises, and injected 10 billion yuan through the state-owned capital operation budget to support the rescue of coal power enterprises and more power generation. At the same time, Xiaomo rated China power as “overweight”, with a target price of HK $5.3.
automobile going to the countryside triggered hot discussion in the market, and Weilai Wuling led the rise
Among auto stocks, Weilai SW (09866. HK) and Wuling Automobile (00305. HK) rose 7.33% and 6.09% respectively.
Note: Trend of auto stocks
In terms of news, the policy of automobile going to the countryside is expected to be introduced in early June. Coupled with the superimposed impact of the measures to resume work and production, most automobile stocks are popular.
Relevant institutions expect that with the return of cars to the countryside and the recovery of economic activities, car demand is expected to recover significantly.
The rise of auto stocks led to the continuous rise of lithium battery stocks. As of the close, tiandynamic power (00819. HK) rose 5.91%, Hongqiao group (08137. HK) rose 3.85% and Ganfeng Lithium Co.Ltd(002460) (01772. HK) rose 3.15%.
Note: performance of lithium battery stocks
Internet stocks mostly adjusted Weibo meituan fell slightly
Shares of JD group (SW) fell by – 891098%, while those of JD group (HK) fell by – 891092%, while those of JD group (SW) fell by – 690092%.
Note: performance of Internet stocks
Some analysts pointed out that short-term Internet stocks have continued to rebound recently, with a considerable increase, which makes some investors have the demand for short-term profit taking. At the same time, JD group released Q1 financial report in 17, of which the revenue was 239.66 billion yuan, a year-on-year increase of 17.9%; The operating profit was 2.41 billion yuan, a year-on-year increase of 45.1%; The adjusted net profit attributable to shareholders (non GAAP) was 4.03 billion yuan, a year-on-year increase of 1.6%,
Although JD Q1 quarterly report is in line with market expectations, the market still has differences on the future trend of JD group and other Internet companies. The agency expects that with the gradual promotion of resumption of work and production and the disappearance of uncertainties, this will drive Internet companies to continue to rebound.
southbound funds
The net inflow of southbound funds today was HK $806 million.
market stock news and changes
[Jiayuan services fell by more than 70%, causing hot discussion in the market]
Jiayuan service (01153. HK) fell 70.61% to HK $0.670. Shortly after the opening of early trading, the company announced the suspension of trading. In addition to the sharp decline in Jiayuan services, Jiayuan International Holdings (02768. HK) also fell by more than 40%. Earlier, Moody’s, an international rating agency, lowered Jiayuan International Holdings’ rating from “B2” to “B3”, lowered its senior unsecured rating from “B3” to “caa1”, and adjusted its outlook from the rating on the watch list to negative.
[tailing pharmaceutical increased by more than 10% to negotiate with American pharmaceutical company on product commercialization]
Tailing Pharmaceutical (01011. HK) rose 11.35% to close at HK $0.206. Tailing pharmaceutical announced that the company entered into a later stage of negotiation on signing a license agreement with a clinical biopharmaceutical company incorporated in the United States. According to this, the company will grant a license to a wholly-owned subsidiary of the company to commercialize a number of monoclonal antibody products. At present, the two sides are finalizing the terms of the license agreement.
[zaiding medicine continued to exceed 6% repotrectinib and was recognized as breakthrough therapy by FDA again]
Zaiding Pharmaceutical (09688. HK) rose 7.32% to HK $35.35. Repotrectinib introduced by zaiding was recognized as breakthrough therapy by FDA again. Zaiding expects to discuss its listing application with regulators in Q4 this year. It is reported that repotrectinib is used to treat patients with ros1 positive metastatic non-small cell lung cancer (NSCLC).
