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Hong Kong stock market noon report | The technology index slightly increased, with strong performance from the semiconductor and apple supplier concepts. Hua Hong Semiconductor rose nearly 6%, BYD Electronic rose more than 4%.

Futu News ·  Jul 9, 2024 12:11

Futu information news on July 9th, the three major indexes in the Hong Kong stock market rose and fell in the morning, with the Hang Seng Technology Index up 0.11% at noon, and the Hang Seng Index and the national index fell for three consecutive days, down 0.46% and 0.59% respectively.

By the end of the midday break, there were 681 gains, 919 losses, and 1473 unchanged in the Hong Kong stock market.

In terms of sectors, network technology stocks were mostly down, with Meituan falling more than 2%, and Xiaomi, JD.com, and Baidu falling more than 1%, while Kuaishou rose more than 3%.

Apple concept stocks rose across the board, with Cowell Electronics up nearly 5%, BYD Electronic and Q-Tech up more than 4%, FIH up more than 6%, and Sunny Optical up nearly 4%.

The semiconductor sector performed strongly, with Hua Hong Semiconductor up nearly 6%, Shanghai Fudan up nearly 3%, and Semiconductor Manufacturing International Corporation up more than 2%.

Electric power stocks were weak, with CGN Power and China Longyuan down more than 3%, China Resources Power down more than 2%, and China Huaneng International Power down nearly 2%.

In other sectors, oil and gas stocks and coal industrial concept stocks fell significantly, while biomedical, China Mainland Banking, insurance, mainland real estate, and electric vehicle companies fell slightly, and golden industrial concept stocks rose slightly.

In terms of individual stocks,$FIT HON TENG (06088.HK)$Up nearly 18%, expected to make a profit of up to 33 million US dollars in the first half of the year, and intends to purchase assets from multiple automotive business companies.

$GDS-SW (09698.HK)$Up more than 9%, RBC Capital has raised the rating of GDS Holdings' US stock to outperform the market, and raised the target price from $13 to $14.

$HUA HONG SEMI (01347.HK)$Up nearly 6%, most of TSMC's customers have agreed to raise their foundry prices, and Hua Hong may raise prices in the second half of the year.

$Q TECH (01478.HK)$Up more than 4%, sales of mobile phone camera modules in June increased by 34.7% year-on-year.

$EAST BUY (01797.HK)$Down more than 5%, hitting a new two-year low, the company's negative news is continuous, and institutions have adjusted their valuation methods and greatly reduced their target price.

$CNBM (03323.HK)$Down nearly 13%, it is expected to lose about 2 billion yuan in the medium term, turning from profit to loss on a year-on-year basis.

TOP20 turnover in half a day

Editor/Feynman

The translation is provided by third-party software.


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