On December 15, the three major indexes of Hong Kong stocks continued to recover, among them, the Hang Seng Index rose 238%, the state-owned enterprises index rose 228%, the Hang Seng Tech Index rose 222%。
In terms of sub-sectors, auto stocks, auto dealers, and auto parts stocks performed actively. Among the constituent stocks, Meidong Automobile (01268HK) rose 1328%, Zhongsheng Holdings (00881.HK) rose 549%, NIO-SW (09866.)HK) rose 699%, BOE Varitronix (00710.)HK) rose 661%, Minth Group (00425.)HK) rose 405%。
On the news side, according to the data of the China Automobile Association, from January to November 2023, the industrial added value of the automobile manufacturing industry increased by 12 percent year-on-year3%；From January to November, the retail sales of automobiles were 4,328 billion yuan, a year-on-year increase of 62%。In addition, some institutions said that luxury car dealers are suffering from weak demand, intensified competition and war. The bank believes that the reduction and subsidies of some brands will help dealers maintain profitability.
Paper stocks were also among the top gainersLee & Man Paper (02314.)HK) rose 1561%, Nine Dragons Paper (02689.)HK) rose 683%, Chenming Paper (01812.)HK) rose 359%。On the news side, Lee & Man Paper spent about HK $1.54 million to repurchase 7570,000 shares. CICC said that looking forward to 2024, the demand of the paper industry is expected to continue a moderate recovery rhythm, the peak period of capacity release has come to an end as a whole, and the cost end of wood pulp, waste paper, and coal** is dominated by moderate fluctuations, and the industry's profitability is expected to recover steadily. The bank expects that the demand for cultural paper will increase steadily in 2024, and the demand for packaging paper and specialty paper will continue to recover in the mid-single digits.
Stimulated by the favorable property market, real estate stocks collectively carnivaledAmong them, Sunac China (01918HK) surged 163%, Longfor Group (00960.HK) rose 629%, CIFI Holding Group (00884.).HK) rose 596%, Midea Real Estate (03990.HK) and other shares**.
On the news side, on December 14, Beijing and Shanghai both issued documents to optimize and adjust the real estate policy, which is a further relaxation of the demand for real estate in Beijing and Shanghai after the introduction of the recognition of housing and not loans in September. According to market analysis, this will help promote the release of rigid demand and improved housing demand, and it is expected that the activity of the Beijing and Shanghai markets will increase significantly, thereby stabilizing the best expectations and driving the recovery of confidence in the entire industry.
**Stocks are popular,Zijin Mining (02899.)HK) rose 494%, Lingbao** (03330.)HK) rose 391%, China ** International (02099.).HK) rose 325%, Zhaojin Mining (01818.)HK) rose 132%。In terms of drivers, the Fed's interest rate cut expectations have risen, and institutions say that ** is still not fully priced. International gold prices closed higher overnight, with New York gold futures closing at 2044 an ounce$9, an increase of nearly 24%。
On the list of decliners,Power stocks fell, and Datang Power (00991HK) fell 25%, Huadian International Power Co., Ltd. (01071.HK) fell 148%, Huaneng International Power Co., Ltd. (00902.)HK) fell 122%。In addition, medical beauty and makeup stocks were individually lower;Some road transport, telecommunications stocks and other sectors all weakened.
In terms of popular stocks, Oriental Selection (01797.)HK) fell 558%, down nearly 22% this week. With the turmoil of Dongfang's selection of "small compositions" due to several improper responses and improper handling, it gradually evolved into the openness of contradictions and infighting between the company's teams. The incident directly led to the large-scale loss of fans of the Dongfang Selection Douyin account. At present, the number of fans in the Dongfang Selection Douyin live broadcast room is 303160,000, a decrease of nearly 84 compared to 31.16 million on December 940,000 people.
Excellence Education Group (03978.)HK) rose 2432%, achieving 5 consecutive gains, hitting a new high since July 2021 in intraday trading, with a cumulative increase of 81 this week58 %。
Laekna Pharmaceutical-B(02105.)HK) is up 1606%, recording 4 consecutive gains. On the news side, Laekna has recently published the results of a Phase Ib study in a poster highlight session at the 2023 San Antonio Breast Cancer Symposium (SABCS), which aims to evaluate the efficacy and safety of afuresertib (LAE002, an oral pan-AKT inhibitor) and patients with locally advanced or metastatic HR+ HER2- breast cancer who have failed the Fulvestrant** criteria**.
Author: Bottle.