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港股收盘(09.21) | 恒指收跌1.29% 科网、医药等普遍承压 汽车股全天走弱

Hong Kong stocks closed (09.21) | The Hang Seng Index closed down 1.29%, and auto stocks weakened throughout the day

Zhitong Finance ·  09/21/2023 16:30

The Zhitong Finance App learned that Hong Kong's Hang Seng Index opened down 0.5%. The three major indices collectively opened lower in early trading, and since then fluctuated and weakened throughout the day. By the close, the Hang Seng Index fell 1.29%, or 230.19 points, to 17655.41 points, with a full-day turnover of HK$77.43 billion; the Hang Seng State-owned Enterprises Index fell 1.33% to 6099.26 points; and the Hang Seng Technology Index fell 1.85% to 3849.27 points.

First Shanghai Securities pointed out that at present, Hong Kong stocks are still developing in a bottom-finding pattern. It is believed that in the end, it will end with a panic sell-off to find a phased position level. Therefore, it is recommended that now is the time to prepare steps to capture and grasp the appearance of the gold pit, and what you need to prepare includes cash, mentality, and list. Overall, it is operationally recommended to consider buying at bargain prices below 18,000 points, but it is advisable to execute it in segments and batches.

Blue chip stock performance

Chow Tai Fok (01929) led the rise in blue chips. At the close, it rose 1.09% to HK$11.1, with a turnover of HK$885.979 million, contributing 0.39 points to the Hang Seng Index. Huafu Securities pointed out that based on its leading position in the industry in terms of number of channels, market share, etc., and at the same time, it has a beautiful life and continues to expand its range of products. On the one hand, it has raised the customer unit price and, on the other hand, raised the profit margin level. It gave Chow Tai Fu's “buy” rating for the first time, with a target price of HK$15.4.

In terms of other blue-chip stocks, Mengniu Dairy (02319) rose 0.97% to HK$26.1, contributing 1.28 points to the Hang Seng Index; Haidilao (06862) rose 0.6% to HK$20, contributing 0.38 points to the Hang Seng Index; Ali Health (00241) fell 4.86% to HK$4.5, dragging down the Hang Seng Index by 2 points; Shunyu Optical Technology (02382) fell 3.28% to HK$56.1, dragging down the Hang Seng Index by 2.23 points.

In terms of popular sectors

On the market, the industry sector declined on a large scale. The Federal Reserve suspended interest rate hikes in September and may raise interest rates once more during the year. US debt interest rates reached a record high, science and technology and network stocks fell under pressure. Biomedicine, the automobile industry chain, Apple Concept, and gold stocks had the highest declines. Furthermore, some domestic housing stocks have picked up, and 5G concept stocks have risen against the market.

1. The automobile industry chain has generally declined.At the close, Meidong Auto (01268) fell 7.6% to HK$4.01; Xiaopeng Motor-W (09868) fell 6.9% to HK$63.4; Nexteer (01316) fell 3.28% to HK$4.42; and Zhejiang Shibao (01057) fell 2.07% to HK$2.37.

Xiaopeng Motor's 2024 G9 was officially launched. It is divided into 5 versions. The price range is 263,900 to 359,900 yuan, down 46,000-110,000 yuan compared to the previous model. Its price, which exceeds expectations, may put greater competitive pressure on the competition. Industry insiders believe that the car market price war continues and is expected to intensify in the upcoming “Gold, Nine, and Silver Ten.” Also, on Friday, the National Federation of Auto Workers launched a general strike in the auto industry. The strike involved three major Detroit automakers. According to media reports, the American Auto Workers Federation said that if negotiations with the three major automakers on salary increases and other benefits have not made significant progress, it will launch more US factory strikes this Friday. Caitong Securities said that if the strike occurs and lasts for a long time, production by downstream automakers will be affected, while parts manufacturers will be affected by delays, and Q3/Q4 performance may be under pressure.

2. Gold stocks fell collectively.At the close, China Gold International (02099) fell 4.23% to HK$36.2; Zijin Mining (02899) fell 2.43% to HK$12.86; Shandong Gold (01787) fell 1.38% to HK$15.72; and Lingbao Gold (03330) fell 0.74% to HK$1.35.

Federal Reserve Chairman Powell said on the 20th that if the economy develops as scheduled, the Federal Open Market Committee, which formulates monetary policy, expects the appropriate level of the federal funds rate to be 5.6% by the end of this year. This also means that the Fed will raise interest rates once more during the remaining two meetings this year, by 25 basis points. After the Fed's decision was announced, two-year US bond yields jumped 12 basis points to a daily high of 5.18% in the short term, stopped falling and turned up and rose by more than 5 basis points during the day, reaching a high of more than 5 basis points, the highest since July 2006. The 10-year base bond yield also rose to 4.4%, a new high since October 2007. In the precious metals market, after the Fed's interest rate decision was announced, spot gold fell by more than 20 US dollars from an intraday high, all the way down to around 1,925 US dollars.

3. The Apple concept continues to be under pressure.By the close, Qiu Titanium Technology (01478) fell 5.41% to HK$2.97; Shunyu Optical Technology (02382) fell 3.28% to HK$56.1; Fuzhikang Group (02038) fell 2.86% to HK$0.68; and BYD Electronics (00285) fell 2.59% to HK$35.7.

Market research agency CinnoResearch believes that the iPhone 15 series faces the double test of economic decline and the impact of new Huawei models, making it difficult to attract a large number of users to update. The agency predicts that the sales volume of Apple phones in the Chinese smart phone market may reach 45.5 million units in 2023, a slight decrease of 2% from the previous year. Among them, Apple's latest generation iPhone 15 series models may have sales volume of around 10 million units in 2023. Compared with the previous iPhone 14 series sales performance for the same period, a decrease of 22%, a decrease of about 2.9 million units.

4. Some internal housing stocks are fluttering red.By the close, China Evergrande (03333) rose 10% to HK$0.55; Shimao Group (00813) rose 2.33% to HK$0.88; Country Garden (02007) rose 1.96% to HK$1.04; and Zhongliang Holdings (02772) rose 1.61% to HK$0.315.

On September 20, Guangzhou issued a new policy to stabilize the property market. It proposed policies such as adjusting the regional scope of implementation of the housing purchase restriction policy, “changing the value-added tax exemption period for second-hand housing from 5 to 2 years,” and reducing the tax and social security period for the first home for the non-registered population from 5 years to 2 years. Industry insiders believe that Guangzhou's easing of the purchase restriction policy this time is very significant. This means that the loosening of purchase restrictions has begun to enter first-tier cities, which shows that the current policy has been greatly relaxed. Furthermore, a number of housing enterprises have disclosed details of debt rollover. Industry insiders believe that the recent successful debt rollover or restructuring of many housing enterprises will ease the pressure on the liquidity of housing enterprises. At the same time, it also shows that overseas investors' expectations for the real estate market are improving, which will help boost confidence in the development of the industry.

5. 5G concept stocks rose slightly.By the close, Jingxin Communications (02342) rose 0.93% to HK$1.09; ZTE (00763) rose 0.86% to HK$23.4; China Mobile (00941) rose 0.52% to HK$68.05; and China Telecom (00728) rose 0.5% to HK$4.03.

On September 20, at the 3rd session of the Boao Forum for Asia International Science, Technology and Innovation Forum, Wang Xinhui, vice president of ZTE, revealed that in another month and a half, you can search for two keywords, one is “3GPP,” and the other is “6G,” and you will see good news. It is reported that from May 9 to 20, 2022, the 3GPP SA1 98e conference was successfully held online. The “R19 Study on Satellite Access - Phase 3 (SAT-PH3 Satellite Access Research Phase 3, R19)” was approved at the meeting. Industry insiders speculate that the signal released by Wang Xinhui may have something to do with the technological breakthroughs described above. This could potentially be a huge benefit for sectors such as satellite communications, 6G, and communications engineering.

Popular volatile stocks

1. Master Lu(03601) Stock prices rebounded,Controlling shareholder Cheng Sheng sells 343.43 million shares

Master Lu issued an announcement saying that the board of directors of the company noticed unusual fluctuations in the price and trading volume of the company's shares on the Stock Exchange on September 20. After making appropriate inquiries, the board of directors was informed by Chengsheng Co., Ltd., the company's main shareholder, that Chengsheng voluntarily sold 343.43 million shares on the open market on September 20, accounting for about 12.77% of the total number of shares issued on the date of this announcement. At the close, the stock rose 13% to HK$1.13.

2. Sunshine 100 China(02608)The resumption of trading fell sharply,Losses in the first half of the year increased 33.4% year on year to 1.102 billion yuan

Sunshine 100 China announced its 2023 interim results. The company's revenue for the first half of the year was 1,137 billion yuan (RMB, same below), a year-on-year decrease of 4.7%; losses attributable to equity shareholders of the company were 1.102 billion yuan, an increase of 33.4% over the previous year; and a basic loss of 0.43 yuan per share. According to the announcement, the increase in the Group's losses was mainly due to a decline in gross profit from housing transfers, an increase in investment property valuation losses, and an increase in financial expenses. At the close, the stock fell 71.89% to HK$0.104.

3. Huake Capital(01140) Volume has plummeted, soaring by more than 111% at the end of yesterday

Huake Capital previously announced that the board of directors proposed increasing the authorized share capital to 5 billion yuan by adding an additional 30 billion shares, divided into 50 billion shares. At the same time, it is proposed to change the name to “Huake Intelligent Investment Co., Ltd.” The board of directors believes that the proposed company name change can provide the company with a new corporate image and indicate the company's innovation-driven investment strategy, focusing on high-quality investment opportunities in the artificial intelligence and high-tech industries. At the close, the stock fell 44.44% to HK$0.2.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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