On February 21, the three major indexes of Hong Kong stocks collectively **, as of **, the Hang Seng Index rose 157%, the state-owned enterprises index rose 224%, the Hang Seng Tech Index rose 266%。
In terms of sub-sectors, real estate stocks were among the top gainersLongfor Group (00960.)HK) rose 949%, Shimao Group (00813.HK) rose 1042%, China Jinmao (00817.).HK) rose 635%, Sunac China (01918.).HK) rose 403%；Property management stocks, building materials and cement stocks and other sectors are also all **.
On the news side, on February 20, the central bank announced the latest LPR**, and the LPR of 5 years and above was lowered by 25BP to 395%, far exceeding market expectations. Chen Wenjing, director of market research at the China Index Research Institute, said that after the LPR was lowered, the lower limit of the current mortgage interest rate for the purchase of the first and second homes was reduced to15%, further close to the record low, and mortgage rates in some cities have fallen to the lowest level in history.
Zhang Dawei, chief analyst of Centaline Real Estate, expects that with the emergence of the bottom of the policy, the bottom of the market transaction will gradually begin to approach. After entering March, affected by many favorable policies such as the reduction of mortgage interest rates, the market may have a certain hot "small spring" trend.
Boosted by the market, the vocational education sector index has risen by nearly 12% in the past five trading days, and education stocks continue to be active today. Yuhua Education (06169.)HK) rose 1209%, China Education Holdings (00839.).HK) rose 735%, China Oriental Education (00667.)HK) rose 494%, New Higher Education Group (02001HK) rose 331%。
The concept of pharmaceutical outsourcing has also become popularWuXi Biologics (02269.)HK) rose 511%, Gloria Ying (06821.)HK) rose 4%, WuXi AppTec (02359HK) rose 475%, GenScript Biotech (01548.)HK) rose 417%。On the news side, WuXi AppTec once again issued a clarification announcement a few days ago, reiterating that it "has not, is and will not pose a major risk to the United States in the past." The industry believes that although the follow-up actions of U.S. politicians to speculate on WuXi will not stop, investors may gradually enter the stage of "desensitization" of relevant news in the United States.
Logistics stocks are generally improvingZTO Express-W (02057.)HK) rose 61%, JD Logistics (02618.)HK) rose 433%；Shipping stocks have soared, SITC International (01308HK) rose 317%, COSCO Shipping Development (02866.).HK) rose 127%。China Merchants ** said that the impact of geopolitical conflicts in the Red Sea region continued, and the performance of freight rates in various markets during the holiday was relatively firm. The situation in the Middle East remains uncertain, and the trend of detours of major ships on the Red Sea route is still obvious. Looking forward to the first quarter, the Red Sea incident will continue to affect the distance of oil tankers, and it is expected that the refinery will start after the holiday, and the industry will enter the peak season when supply exceeds demand, and the freight rate is expected to continue to be strong.
Insurance stocks have risenPing An of China (02318.)HK) rose 637%, China Taiping (00966.).HK) rose 571%, Xinhua Insurance (01336.).HK) rose 517%, China Pacific Insurance (02601.).HK) rose 285%。A number of analysts said that some wrongly killed high-quality ** may usher in an opportunity for valuation recovery, and the valuation repair of high-quality leading stocks is a main investment line in 2024, especially in the Year of the Dragon. The banking sector is a low-volatility dividend sector, superimposed with options to stabilize growth and reduce risks, and continue to be optimistic about the absolute return of bank stocks.
In other aspects, various consumer sectors such as airline stocks, beer stocks, catering stocks, food stocks, automobile stocks, and sporting goods stocks also rose。Meilan Airport (00357.)HK) rose 1168%, China Resources Beer (00291HK) rose 542%, Meituan-W (03690.).HK) rose 49%, Jiumaojiu (09922..)HK) rose 529%, Fosun Tourism Culture (01992.)HK) rose 512%。
On the list of decliners, luxury stocks and Hong Kong retail stocks are among the top declinersPrada (01913.)HK) fell 192%, L'Occitane (00973.)HK) fell 105%, Samsonite (01910.)HK) followed the fall.
Heavy machinery stocks are generally **,Trinity International (00631.)HK) fell 253%, China National Heavy Duty Truck (03808.HK) fell 135%, Zoomlion (01157.)HK) fell 137%。In addition, some power stocks and nuclear power stocks have weakened one after another, and Huadian International Power (01071HK) fell 21%, China Power (02380.).HK) fell 189%。
Author: Bottle.