The three major stock indexes rose together! Heavy machinery stocks and pharmaceutical stocks performed the best

Hong Kong stocks decoded

2024-05-06 16:59Posted on the official account of Guangdong Hong Kong Stock Decoding

The three major stock indexes rose together! Heavy machinery stocks and pharmaceutical stocks performed the best

As of the close, the Hang Seng Index rose 0.55 percent, achieving 10 consecutive trading days of gains, the State-owned Enterprises Index rose 0.38 percent, and the Hang Seng Technology Index rose 0.92 percent.

In terms of sub-sectors, heavy machinery stocks were among the top gainers. Among them, Sany International (00631. HK) rose 7.55%, Zoomlion (01157. HK) rose 6.09%, and China National Heavy Duty Truck (03808. HK) rose 5.12%.

On the news side, the State Mine Safety Supervision Bureau and other seven departments jointly issued the "Guiding Opinions on Further Promoting the Intelligent Construction of Mines and Promoting the Development of Mine Safety". Among them, it is mentioned that the research and development of core equipment. Accelerate the R&D and application of core components, sensors, key control units and operating systems of mine intelligent equipment, and accelerate the R&D and iterative update of mine robots. According to the agency, the update policy traction and the acceleration of the clearing of the stock of old equipment may accelerate the pace of industry recovery to a certain extent.

"May Day" travel is hot, and road transport stocks are also strong. Guangzhou-Shenzhen Railway Co., Ltd. (00525.HK) HK) rose 11.48%, Anhui Wantong Expressway (00995. HK) rose 8.8%, Jiangsu Ninghu Expressway (00177. HK) rose 4.58%, Yuexiu Transportation Infrastructure (01052. HK) rose 1.81%.

Pharmaceutical outsourcing stocks rebounded again. Among them, Tigermed (03347. HK) rose 7.84%, and Zhaoyan New Drug (06127. HK) rose 6.94%, and WuXi Biologics (02269. HK) rose 6.45%, Pharmaron (03759. HK) and so on. On the news side, in 2024, the enthusiasm for domestic innovative drugs to "go overseas" will continue. According to incomplete statistics from public information, as of April 30, there were a total of 25 foreign licensing projects for domestic innovative drugs, an increase of 56% over the same period last year, and the total cumulative transaction amount exceeded 10 billion US dollars.

Household appliance stocks are also sought after by funds, among which Hisense Home Appliances (00921. HK) rose 4.44%, and Haier Smart Home (06690. HK) rose 3.19%, and TCL Electronics (01070.HK) fell 3.03%. In terms of catalytic factors, since 2024, the expectation of the recovery of domestic sales of household appliances is still optimistic, and the frequent launch of trade-in activities in various places is expected to drive the improvement of domestic sales.

Apple's concept sector also rose. Among them, FIH Group (02038. HK) rose 8.33%, Gao Wei Electronics (01415. HK) rose 6.75%, BYD Electronics (00285. HK) rose 3.99%. On the news side, Apple will hold a press conference this Tuesday, when it is expected to launch its latest tablet product line, including the new iPad Pro and iPad Air, which has attracted market attention.

In other aspects, pork concepts and agricultural stocks rose collectively, among them, WH Group (00288. HK) rose 3.71%, COFCO Jiakang (01610. HK) rose 1.12%, and power equipment stocks, nuclear power stocks, photovoltaic concept stocks, and power stocks all rose.

On the list of decliners, the decline of domestic real estate stocks further expanded in the afternoon. Sunac China (01918.HK) HK) fell 7.19%, Midea Real Estate (03990. HK) fell 6.16%, Yuexiu Real Estate (00123. HK) fell 4.51%, and China Overseas Land & Investment (00688. HK) fell 4.11%. Property management stocks fell in response, and Evergrande Property (06666. HK) fell 6.06%, and Ya Life Services (03319. HK) fell 4.49%.

On the news side, data released by market agency CRIC showed that the top 100 real estate companies achieved sales of 312.17 billion yuan in April, down 12.9% month-on-month and 44.9% year-on-year, and the monthly performance remained at a historically low level. CRIC expects that the absolute value of the sales of the top 100 real estate companies in May will be the same as that in April or decline slightly, and considering the high base in the same period in 2023, the sales performance of the top 100 real estate companies in May will continue to decline year-on-year.

Luxury stocks, Hong Kong retail stocks, film and television stocks, sporting goods stocks and other consumer segments were among the top decliners. Among them, Prada (01913. HK) fell 1.38%, Huanxi Media (01003. HK) fell 4.92%, Ningmeng Film and Television (09857. HK) fell 2.77%, Maoyan Entertainment (01896. HK) fell 1.7%, and Li Ning (02331. HK) fell 2.73%, Xtep International (01368. HK) fell 2.47%.

In addition, education stocks, car dealers, etc. also weakened. China Kepei (01890.HK) HK) fell 9.2%, and China Chunlai (01969. HK) fell 2.88%, and New Higher Education Group (02001. HK) fell 2.36%.

Author: Bottle

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