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<H Shrs>HSI Falls 123 Pts at Midday; SWIRE PACIFIC A Rises 5%; MTR CORPORATION Slips 6%+
Recommend 4 Positive 4 Negative 5 |
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The HSI concluded the midday down 123 points or 0.5% at 25,593. The HSCEI fell 1 point to 8,698. The HSTECH dropped 20 points or 0.4% to 5,007. The total market turnover for the half-day amounted to HKD126.059 billion. In the financial sector, HSBC HOLDINGS (00005.HK) and STANCHART (02888.HK) receded 3.8% and 4.4%. HKEX (00388.HK) and AIA (01299.HK) dipped 0.7% and 1.5%. As oil prices rallied overnight, PETROCHINA (00857.HK) and CNOOC (00883.HK) grew 1.4% and 1.6%. SINOPEC CORP (00386.HK) slid 3.4%. Airlines CHINA SOUTH AIR (01055.HK), CHINA EAST AIR (00670.HK), and AIR CHINA (00753.HK) shed 2.7-3.5%. Gold prices inched down 1% amid weakening market expectations for interest rate cuts. ZIJIN GOLD INTL (02259.HK) lost 4%. SD GOLD (01787.HK) and ZHAOJIN MINING (01818.HK) eroded 2.9% and 3.2%. Swire Group plans to net HKD1.79 billion by placing a 2.52% stake in CATHAY PAC AIR (00293.HK) at a discount of over 9%. CATHAY PAC AIR faded 3%. SWIRE PACIFIC A (00019.HK) advanced 5% after it surprised the market with an increased dividend. SWIREPROPERTIES (01972.HK) ticked up 2%. Various brokers lifted their target prices for this stock following its results release. MTR CORPORATION (00066.HK) collapsed 6.3%. It reported a 7% drop in annual net profit, meeting expectations. The market is eyeing the visibility of capital expenditure for Northern Link Part 2. Among tech stocks, TENCENT (00700.HK), BABA-W (09988.HK), JD-SW (09618.HK), BIDU-SW (09888.HK), and NTES-S (09999.HK) ballooned 1.1-1.6%. MEITUAN-W (03690.HK) and KUAISHOU-W (01024.HK) edged 0.5% and 0.7% lower. BILIBILI-W (09626.HK) added 0.4%. EAST BUY (01797.HK) and WEIMOB INC (02013.HK) slid 5.4% and 4.4%. AI stock KNOWLEDGE ATLAS (02513.HK) fell 1.2%. Its peers SENSETIME-W (00020.HK) and MINIMAX-WP (00100.HK) plunged 3.8% and 3.9%. INSILICO (03696.HK) dived 6.2%. Chip stocks SMIC (00981.HK) and HUA HONG SEMI (01347.HK) dropped 1.7% and 6.4%. ILUVATAR COREX (09903.HK) tumbled 3.9%. AAStocks Financial News |
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