Hang Seng Index rose for the third consecutive day, closing up 1%. Technology stocks performed strongly, with BILIBILI-W rising 6% and Keep gaining 0.28% on its first day of listing.
Media, education, petrochemical, cloud computing and other concepts strengthened, while automotive parts diverged in the afternoon. Military industry, aviation, semiconductor, and biopharmaceutical concepts declined.
On July 12th, the Hong Kong stock market opened high, with the Hang Seng Index rising by 0.74%, the Hang Seng China Enterprises Index rising by 1%, and the Hang Seng Tech Index rising by 1.14%. Subsequently, the three major indexes continued to expand their gains, remaining active at high levels. In the afternoon, the gains of the three major indexes narrowed slightly, and eventually the Hang Seng Index closed up by 1.08%, the Hang Seng China Enterprises Index closed up by 1.30%, and the Hang Seng Tech Index closed up by 1.96%.
Throughout the day, there were 635 gainers, 858 unchanged, and 731 decliners. The net outflow of southbound funds was 73.48 million Hong Kong dollars.
In terms of sectors, media, education, petrochemicals, and cloud computing concepts performed well, while military industry, aviation, semiconductors, and biopharmaceutical concepts declined.
Most technology stocks rose, with Bilibili up 6%, Meituan up over 4%, and Kuaishou up 3%. Ctrip, NetEase, and Baidu rose more than 2%, while Tencent, JD.com, and ALI PICTURES rose over 1%.
"The first sports technology stock" Keep listed today, marking the first time in two years that a Chinese Internet startup has been listed in Hong Kong. It opened nearly 5% higher, briefly fell below the IPO price during trading, and ultimately closed with a slight increase of 0.28%.
Active performance of petrochemical stocks throughout the day
SHANDONG MOLONG rose by 20%, CNOOC rose over 2%, and PetroChina and Sinopec rose more than 1%.
Media Sector Strengthens
Benefiting from the summer box office season, media stocks continued to rise today. LINMON MEDIA increased by nearly 8%, MAOYAN ENT rose by 6%, and ALI PICTURES rose by 3.26%.
Automotive Parts Show Mixed Performance in the Afternoon
BUYANG INTL and BWI INT'L saw double-digit gains, while ZHEJIANG SHIBAO fell by 6.35% at the end of the session.
Metals Sector Sees Back-to-Back Increases
Biopharmaceuticals Lead the Decliners
Semiconductor Stocks Close Lower
