Hong Kong Stock Midday Review | Hang Seng Index rose 0.17% in the morning session, with the semiconductor sector leading the market
The Hong Kong Hang Seng Index rose 0.17% in the morning session, reporting 19,556 points, with the technology index up 1.26%. The semiconductor sector performed strongly, with the AI computing chip market space around USD 30 billion, and SMIC rose over 10%. Gold stocks increased due to the US CPI data, with China Gold International rising 2.76%. Weimob Inc rose over 12%, and Bonjour Hold rose 17%. Yongda Auto fell over 4%, with UBS maintaining a "sell" rating. The overall market was influenced by multiple factors, leading to a divergence in individual stock performance
According to Zhitong Finance APP, the Hong Kong Hang Seng Index rose 0.17%, closing at 19,556 points; the Hang Seng Tech Index increased by 1.26%.
Institutions estimate that the market space for domestic AI computing power chips is about $30 billion, and domestic chip foundry companies are in high demand. Semiconductor stocks rose in early trading, with Semiconductor Manufacturing International Corporation (00981) up over 10% and Hua Hong Semiconductor (01347) up over 7%.
Gold stocks rose again as U.S. CPI data reignited expectations for interest rate cuts this year. China International Capital Corporation predicts that gold prices may break through $3,000 per ounce this year. China Gold International (02099) rose 2.76%, closing at HKD 44.75; Zhaojin Mining Industry (01818) rose 2.81%; Zijin Mining (02899) rose 1.35%; Shandong Gold (01787) rose 0.71%.
Weimob Inc (02013) rose over 12%, as the WeChat chat box added a gift-giving entry, and the company recently launched the Weimob X WeChat Mini Store solution.
Bonjour Hold (00653) rose 17% in early trading, with Chen Jianwen increasing his stake by 210 million shares in the over-the-counter market, as the company is actively transforming.
Brio (00325) rose 2.86% in early trading, as the company is a leading domestic building block toy manufacturer, and institutions are optimistic about the high growth in the building block character segment.
HaploMed-B (02142) rose another 2.82%, having recently reached about $1 billion in overseas cooperation, and announced a HKD 40 million repurchase plan at the beginning of the month.
Quanfeng Holdings (02285) rose over 9%, expecting a net profit of no less than $110 million for the year, turning a profit compared to the previous year.
Yongda Auto (03669) fell over 4%, as UBS indicated that its new car profit pressure exceeded expectations, maintaining a "sell" rating.
Smoore International (06969) fell 2.78% in early trading, as the clearance of non-compliant products may temporarily affect the overall growth rate of e-cigarettes in Europe and the United States.
GoerTek (01415) fell over 4%, leading the decline among Apple concept stocks, as Apple's sales in China in 2024 recorded the largest drop since records began.
China Duty Free Group (01880) fell 2.37%, affected by slowing consumer demand and industry cycles, with the company's annual net profit declining by 36.5% year-on-year