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Hong Kong stock concept tracking | Singapore iron ore prices soar, steel industry outlook optimistic (with concept stocks)
Analysis suggests that steel demand may also rise, stimulating policies promoting new energy autos and energy-saving appliances sales which could lead to an increase in manufacturing demand.
Angang Steel Company Limited (HKG:347) Stock Rockets 25% As Investors Are Less Pessimistic Than Expected
CIMC Enric and Angang Steel's First Co-production of Hydrogen and LNG From Coke Oven Gas Project Successfully Commenced Operations Low-Carbon and Green Energy and Digitalisation Upgrade in Tandem
Everbright Securities: The long-term value of sector allocation may gradually become prominent, focusing on undervalued steel sector and central SOE investment opportunities.
Currently, the steel industry has weak demand, and industry profits are at low levels. However, with the completion of the medium to long-term industry ultra-low emission transformation and further inclusion in the carbon trading market, the long-term value of sector allocation may gradually become more prominent.
HK stock unusual movement | Steel stocks rallied at the close, positive policy changes driving expectations for improvement. Market cap management guidelines are expected to stimulate sector recovery.
Steel stocks rallied in the final trading session. As of press time, maanshan iron (00323) rose by 10.1% to HKD 1.09; angang steel (00347) rose by 8.26% to HKD 1.31; chongqing iron (01053) rose by 6.35% to HKD 0.67; china oriental (00581) rose by 5.5% to HKD 1.15.
SMM Stock Market Analysis | Overwhelmingly bullish news triggers a strong rebound, leading the stock market charge.
With so many bullish signals, a direct indication of a counterattack has been issued. It is estimated that foreign capital will continue to be attracted to enter the market, focusing mainly on large financial institutions, as well as those with increase stake & buy back at the bottom and csi consumer 360 index sectors.
Strong Week for Angang Steel (HKG:347) Shareholders Doesn't Alleviate Pain of Five-year LossNo Data
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