Hong Kong stock review: Hang Seng Technology Index fell 3%, pharmaceuticals, chips and new energy sectors fell
$Hang Seng Index(800000.HK$ It closed down 1.71%, $Hang Seng TECH Index(800700.HK$ It closed down 3.46%.
Today, Hong Kong stocks showed a downward trend throughout the day. Market sentiment was sluggish. The Hang Seng Technology Index plummeted 3.46%, the Hang Seng Technology Index, $Hang Seng China Enterprises Index(800100.HK$ The Hang Seng Index fell by 1.71% and 1.96%, respectively. The Hang Seng Index fell by nearly 350 points, all three of which made up new low prices during the month.
Today, Hong Kong stocks showed a downward trend throughout the day. Market sentiment was sluggish. The Hang Seng Technology Index plummeted 3.46%, the Hang Seng Technology Index, $Hang Seng China Enterprises Index(800100.HK$ The Hang Seng Index fell by 1.71% and 1.96%, respectively. The Hang Seng Index fell by nearly 350 points, all three of which made up new low prices during the month.
On the market, large technology stocks fell across the board. $MEITUAN-W(03690.HK$ 、 $JD-SW(09618.HK$ A drop of more than 4%, $KUAISHOU-W(01024.HK$ 、 $XIAOMI-W(01810.HK$ 、 $BIDU-SW(09888.HK$ 、 $NTES-S(09999.HK$ 、 $BABA-SW(09988.HK$ They all fell by more than 3%;
Biomedical stocks led the decline in the market, and Yao Ming and Kangde fell by more than 10%; previous news said that the Biden administration wanted to restrict US companies' investment in China, semiconductor stocks continued to fall, and the decline widened significantly in the afternoon; new energy stocks such as Tesla concept stocks, lithium battery stocks, and photovoltaic stocks fell sharply, while gambling stocks, military stocks, automobile stocks, and domestic housing stocks fell sharply. Institutions are optimistic and oil prices are recovering. Oil stocks showed strong performance in the midst of weakness. CNPC rose more than 2%, some domestic bank stocks rose, and China CITIC Bank rose more than 3%.
Let's take a look specifically:
The pharmaceutical outsourcing concept led the decline. $WUXI APPTEC(02359.HK$ A drop of more than 10%, $GENSCRIPT BIO(01548.HK$ A drop of more than 8%, $WUXI BIO(02269.HK$ fell by more than 7%, $JOINN(06127.HK$ 、 $ASYMCHEM(06821.HK$ fell by more than 6%, $TIGERMED(03347.HK$ 、 $PHARMARON(03759.HK$ Down more than 5%.
Let's take a look specifically:
The pharmaceutical outsourcing concept led the decline. $WUXI APPTEC(02359.HK$ A drop of more than 10%, $GENSCRIPT BIO(01548.HK$ A drop of more than 8%, $WUXI BIO(02269.HK$ fell by more than 7%, $JOINN(06127.HK$ 、 $ASYMCHEM(06821.HK$ fell by more than 6%, $TIGERMED(03347.HK$ 、 $PHARMARON(03759.HK$ Down more than 5%.
According to the news, Yao Ming Kangde achieved operating income of 8.964 billion yuan in the first quarter, an increase of 5.77% over the previous year; net profit attributable to shareholders of listed companies was 2,168 billion yuan, an increase of 31.97% over the previous year. This is the first time since Yao Ming Kangde went public in 2018 that its revenue growth rate fell to single digits in a single quarter. Gloria UK's holdings were reduced by 115,800 shares by J.P. Morgan Chase on April 18. After the reduction, its holding ratio dropped from 13.30% to 12.87%. Yao Ming Biotech's holdings were reduced by 4.253,500 shares by J.P. Morgan Chase on the 18th. After the reduction, its holding ratio dropped from 7.09% to 6.99%.
Chip stocks are falling, $SMIC(00981.HK$ Decreased by more than 5%, $SHANGHAI FUDAN(01385.HK$ A drop of more than 3%, $HUA HONG SEMI(01347.HK$ Wait until it falls.
Recently, news broke from the industry that recent consumer inventories were higher than expected. Coupled with Apple's accelerated inventory removal this season and the application of non-Apple products, the superposition of a series of effects may cause the chip design industry to experience a rare “poor peak season” situation in the third quarter of this year. The industry's previous target of expecting the second half of the year to be significantly better than the first half of the year is likely to fall short, and it is impossible to be too optimistic.
The decline in lithium batteries, $TIANQI LITHIUM(09696.HK$ A drop of more than 8%, $GANFENGLITHIUM(01772.HK$ 、 $CALB(03931.HK$ fell by more than 7%, $BYD COMPANY(01211.HK$ It fell nearly 3%.
The decline in lithium batteries, $TIANQI LITHIUM(09696.HK$ A drop of more than 8%, $GANFENGLITHIUM(01772.HK$ 、 $CALB(03931.HK$ fell by more than 7%, $BYD COMPANY(01211.HK$ It fell nearly 3%.
Due to the rapid decline in the price of lithium carbonate, the performance of upstream lithium battery companies declined significantly in the first quarter of this year. According to data released by Shanghai Nonferrous Metals Network, today's battery-grade lithium carbonate price fell 2,000 yuan/ton to 176,500 yuan/ton. The cumulative decline so far this year has reached 65.5%.
PV stocks have plummeted, $XINTE ENERGY(01799.HK$ fell by more than 13%, $XINYI SOLAR(00968.HK$ fell by more than 6%, $GCL TECH(03800.HK$ 、 $XINYI GLASS(00868.HK$ A drop of more than 4%, $FUYAO GLASS(03606.HK$ Wait until it falls.
PV stocks have plummeted, $XINTE ENERGY(01799.HK$ fell by more than 13%, $XINYI SOLAR(00968.HK$ fell by more than 6%, $GCL TECH(03800.HK$ 、 $XINYI GLASS(00868.HK$ A drop of more than 4%, $FUYAO GLASS(03606.HK$ Wait until it falls.
The weakening of military industry stocks, $COMEC(00317.HK$ Decreased by more than 5%, $AVICHINA(02357.HK$ Down more than 4%.
Paper stocks fell, $ND PAPER(02689.HK$ fell 10%, $CHENMING PAPER(01812.HK$ A drop of more than 3%, $LEE & MAN PAPER(02314.HK$ Decreased by more than 2%.
Oil stocks are getting stronger, $PETROCHINA(00857.HK$ An increase of more than 2%, $CHINA OILFIELD(02883.HK$ 、 $CNOOC(00883.HK$ Wait until it rises.
Domestic bank stocks rose, $CITIC BANK(00998.HK$ An increase of more than 3%, $PSBC(01658.HK$ An increase of more than 2%, $BANKCOMM(03328.HK$ 、 $MINSHENG BANK(01988.HK$ Wait until it rises.
Today, there was a net inflow of capital of HK$3,502 million, including a net inflow of HK$2,051 billion from Hong Kong Stock Connect (Shanghai) and a net inflow of HK$1,451 billion from Hong Kong Stock Connect (Shenzhen).
Looking forward to the future, as far as Hong Kong stocks are concerned, they are generally breaking through the bottom. Ultimately, breakthroughs will depend on economic recovery and Chinese pricing power. The economic recovery affects the Internet market, while the pricing power of Chinese investors affects sectors such as cyclical stocks, finance, and real estate. In fact, the pricing power of Chinese investors in the traditional sector will become more and more powerful. In mature industries where foreign capital is not expected and the industry continues to clear up, the remaining ones are the king's target. In particular, some high-quality central enterprises and state-owned enterprises, the pricing power of Chinese investors will become more and more obvious. Until the Federal Reserve shifts from hawkish to dovish, the influence of overseas factors on Hong Kong stocks is likely to continue, but with the recovery of the Chinese economy, overseas influence will gradually weaken. Especially in the fourth quarter of this year, China's economic recovery will become a variable dominated by Hong Kong stocks.
Tomorrow's Stars: $CHALIECO(02068.HK$
In the first quarter of 2023, the company signed 1,818 new contracts. The amount of new contracts signed was RMB 13.976 billion, an increase of 26.58% over the previous year. As of March 31, 2023, the total amount of the company's unfinished contracts was RMB 65.962 billion, an increase of 3.54% over the previous year.
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deve : thanks for your efforts sharing the information! greatly appreciated!
Steven000OP deve: Thank you for your support
Peter YCS : Stock prices have fallen
Over six months, super bad stocks
张文静 Peter YCS: Keep dropping to see where it falls