On Wednesday, January 20, Hong Kong stocks opened higher and went higher, and the whole day was strong.
The Hang Seng Index closed up 3.42% strongly, refreshing a near-two-month high, while the Hang Seng Technology Index surged 4.50% and performed strongly throughout the day.
In terms of sections, real estate, finance, consumption, and science and technology stocks performed well; nuclear power, oil and gas sectors were frustrated.
A few rejoice
(1) Real estate stocks exploded
Country Garden services led the rise in blue chips, up 15.53% today, and Sunac China was not far behind, closing up 15.22%. Greentown Service and Kaisa Group both rose by more than 13%, WTO Service and Shimao Group rose by 12.54% and 12.14% respectively, and China Evergrande closed up 4.65% today.
Even China Aoyuan, which just announced a default, the stock price has turned red from falling nearly 6% to close up 3.16%. Previously, it announced that it would not pay interest and remaining principal due on the relevant notes.
On the news side, Wall Street has seen and heard that this morning's LPR "double drop" landed. The 5-year LPR was downgraded by 5 basis points and the 1-year LPR was revised down by 10 basis points. In particular, because LPR with a maturity of more than 5 years is linked to mortgages, the real estate market has been paying close attention to this.
According to the Hong Kong Stock Exchange, Sunac China Holdings Limited completed the placement of shares, raising a total of HK$4.52 billion, and the total share capital was increased to 5.449 billion shares. Affected by this news, Sunac is "equity and debt flying together", and many bonds have set off a tide of suspension in the morning. Previously, "21 Sunac 03", "20 Sunac 02" and "21 Sunac 01" rose by more than 20% successively, all of which triggered a temporary stop. Towards noon, the gains narrowed, eventually closing around 15%.
Stimulated by many positive news, the overall performance of the real estate sector today is very good. On A shares, Huayuan Real Estate opened with a limit. In addition, some real estate dollar bonds also rose significantly.
(2) The big rebound of science and technology network stocks
Today, the overall outbreak of Hong Kong stocks and technology network stocks, the US group soared 11.01%, leading Hang Seng Technology. Mingyuan Cloud closed up 10.93%, Kuaishou rose 6.81%, and Tencent, JD.com, Ali, B Station, NetEase and other technology leaders all strengthened, closing up 6.60% and 6.54% respectively. 5.88%、5.43%、4.23%。
(3) The concept of holidays is outstanding
The Spring Festival holiday is approaching, and holiday concept stocks such as catering and hotels have also gone high. Jiumaojiu rose 8.49%, while Haidilao, Yihai International and Huazhu Group all rose more than 5%.
(4) The financial sector performed well
With the LPR "double drop" policy favorable, financial stocks performed well today. Ping An of China closed up 7.17%, China Pacific Insurance Company closed up 6.55%, Guotai Junan rose 5.59%, CITIC Securities rose 4.70%, China Merchants Bank rose 4.56%, Haitong Securities rose 2.54% and CICC rose 2.27%.
A few worries
(1) The nuclear power sector suffered a setback in early trading
Harbin Electric plunged 23.03%, CGN Mining fell 5.62%, and Shanghai Electric and Dongfang Electric both fell 0.88%.
(2) Oil and gas stocks performed poorly
Oil and gas stocks performed poorly in early trading and withered throughout the day. CNOOC closed down 2.33 percent, PetroChina 1.74 percent and Sinopec down 1.20 percent.
On the news side, yesterday evening, PetroChina was seriously investigated and dealt with for reselling imported crude oil.
This article is from Wall Street Insights, welcome to download the APP to see more