Today, the three major indices of Hong Kong stocks surged higher and fell. At one point, the Hang Seng Technology Index surged 2.4% and closed down 0.13%. The gains of the Hang Seng Index and China Index narrowed to 0.54% and 0.21%, respectively. The Hang Seng Index once surged more than 2% to record 6 consecutive gains. Since its low level at the end of January, it has rebounded 20% to break out of the technical bull market.

On the market, large technology stocks had mixed ups and downs. Baidu rose more than 2%, JD rose more than 1%, Meituan fell 3.6%, and Alibaba fell more than 1%. Major financial stocks and Chinese companies have all declined, but most have maintained an upward trend; due to the gradual withdrawal of the purchase restriction policy, domestic housing stocks were active throughout the day. At one point, Shimao Group soared 71%, and industrial chains such as building materials and cement stocks continued to rise. On the other hand, education stocks declined significantly. New Oriental fell nearly 7%, petroleum stocks, power stocks, gold stocks, and telecom stocks were sluggish throughout the day, and the volume of Hong Kong's post-broadband performance plummeted by more than 16%.

Let's take a look specifically:

Domestic housing stocks had the highest gains. Shimao Group rose more than 71% and eventually closed up 60%. Sunac China rose 28%, Agile Group rose more than 21%, Vanke rose nearly 19%, Xuhui Holdings rose more than 18%, Xincheng Development rose more than 13%, and Longguang Group rose more than 12%.

On the news, small essays on the industry continue, and core Tier 1 and 2 cities, including Chengdu, are gradually liberalizing purchase restrictions. The Shenzhen Housing and Construction Bureau responds to rumors about optimizing purchase restriction policies. It will take into account the actual situation in the real estate market and make good use of the policy toolbox according to the city's policies to better meet residents' needs for rigid and improved housing and promote the steady and healthy development of our city's real estate market. Relevant policy information is subject to official announcements.

Domestic insurance stocks rose by more than 6%, China Reinsurance by more than 5%, China Taibao by more than 4%, Xinhua Insurance by more than 3%, and Ping An of China, Taiping, and China Life Insurance by more than 2%.

According to the news, AIA announced that in the first quarter of this year, based on a fixed exchange rate, the value of the new business was US$1,327 billion, an increase of 31% over the previous year, reaching a quarterly high. In addition, the board of directors has approved an increase of 2 billion US dollars in the existing share repurchase plan, increasing the total amount by 12 billion US dollars.

Gaming stocks were active, with Macau International Development up more than 11%, Aobo Holdings up more than 3%, Sands China up more than 2%, and MGM China and Galaxy Entertainment up more than 1%.

Near May 1st, the central government announced six new measures for mainland residents and enterprises to visit Hong Kong and Macau, including issuing “other” endorsements to visit Macau more than once a year.

Paper stocks rose; Nine Dragons Paper rose more than 6%, Liwen Paper rose more than 5%, and Chenming Paper rose nearly 3%.

Orient Securities pointed out that after the Spring Festival, global pulp prices continued to rise above expectations, with increases in Europe and the US greater than in the Chinese market; rising demand in Europe and the US were compounded by frequent supply disruptions, and industrial chain inventories remained low, and pulp prices may continue to strengthen in the second quarter.

Education stocks weakened, with New Oriental falling more than 7%, Thinking Music Education falling more than 6%, Excellent Education Group falling more than 4%, and Neusoft Education falling more than 3%.

Travel stocks declined, with Tongcheng Travel falling more than 7% and Ctrip falling more than 5%.

Non-ferrous sectors such as copper, aluminum, and gold fell; Shandong Gold, China Hongqiao, and China Gold International fell more than 3%; Minmetals Resources fell by more than 2%; Jiangxi Copper, China Aluminum, and Rusal fell by more than 1%.

Oil and gas stocks weakened, with CNOOC Oilfield Services falling 4.9%, CNPC falling more than 3%, and Sinopec falling more than 2.7%.

Today,Southbound fundingNet purchases of HK$2,753 billion include net purchases of HK$2.181 billion from Hong Kong Stock Connect (Shanghai) and HK$572 million from Hong Kong Stock Connect (Shenzhen).

Looking to the future,Guojun Securities believes that the decline in uncertainty is an important foundation for the rebound in the Hong Kong stock market. The visibility of expected returns from high-quality assets has increased, and the stability and low valuation of the Hong Kong dollar has brought Hong Kong stock assets back into the investment perspective. The allocation of Hong Kong stocks focuses on three directions: leading Hong Kong stocks on the Internet; superior technology for Hong Kong stocks such as semiconductors, pharmaceuticals, automobiles, etc.; and high dividends for Hong Kong stocks.