China News Service, Hong Kong, February 16 (Reporter Shi Bingyun) The fifth day of the Lunar New Year on the 16th is the first trading day of the Hong Kong stock market in the Year of the Ox. The Hang Seng Index opened higher and fluctuated between 30497 and 30793 points throughout the day. Both rose to close at 30746.66, an increase of 1.9%, breaking through the two-year highs in 2019 and 2020.
At the same time, the Hang Seng Technology Index also hit a record high during the session.
On that day, even if the Southbound Stock Connect had not been reopened, the market turnover reached 200 billion yuan (HKD, the same below), and the full-day turnover was 219.782 billion yuan.
The constituent stocks of the Hang Seng Index rose broadly, with the three major domestic oil stocks leading the gains, with PetroChina rising 13.17%, CNOOC rising 9.5%, and Sinopec rising 8.1%.
The epidemic in Hong Kong has slowed, and the "concentration restriction order" is expected to be relaxed. Among the constituent stocks of the Hang Seng Index, local traditional industry stocks rebounded. Wharf Real Estate, which owns Harbour City, rose 10%, and Hang Lung Properties, which also owns multiple large shopping malls, rose 5.2%. Others Similar stocks also picked up. New World Development rose 4.8%, CKH Holdings rose 3.2%, and Sun Hung Kai Properties rose 2.8%.
Local consumer stocks are also picking up due to the expectation that the SAR government will relax restrictions on gathering. Sa Sa International rose 17.7%, a one-year high, and Chow Tai Fook rose 7.3%.
Driven by the mainland Chinese New Year film and television boom, mainland film and television entertainment stocks collectively rose. Maoyan Entertainment once rose 18% in intraday trading, and rose 9.5% at the close. IMAX China once soared 90% and closed more than 30%. Alibaba Pictures also rose. 34%.
The Hang Seng Technology Index rose 2.72% throughout the day to close at 10694.68 points, and hit a record high of 10785.98 points during the session.
Among the constituent stocks, ZhongAn Online led the rise by 32.16%, Ping An Good Doctor gained 8% after gaining a position in the US fund ARKF, and Sunny Optical rose 6.67%.
Xiaomi rose 5.3%. Lu Weibing, vice president of Xiaomi Group and general manager of the Redmi brand, revealed on his personal Weibo that the group will focus on the whole house smart field this year. In the future, consumers can experience related products at Xiaomi’s home, and pointed out that the future of Xiaomi’s home will be The speed of opening stores in all counties will increase.
AAC Technology surged 6.5% in the afternoon, a record high.
On the same day, the group issued an announcement saying that the Hong Kong Stock Exchange approved it to split Chengrui Optics into the mainland for listing.
However, Meituan, Tencent, and NetEase individually adjusted and weakened.
Guo Sizhi, vice chairman of the Hong Kong Stock Analyst Association, said that the market performed satisfactorily on the first day of the Year of the Ox. The Hang Seng Index has broken through the annual highs of 2019 and 2020. The market still exceeded 200 billion yuan in trading when the Southbound Stock Connect was not opened. Amount, showing the active layout of funds, he believes that the HSI still has a chance to rise to the historical high of 33,484 points in 2018 in the first quarter of this year.
He said: "The stock market is generally improving. Hong Kong stocks have risen more than 2,000 points this month, and there may be a period of normal absorption and consolidation."
Guo Sizhi said that shares of traditional industries in the Hang Seng Index, such as HSBC Holdings, China Mobile, and Chinese banking stocks, have seen investors actively deploy, showing the market’s confidence and expectations for the gradual recovery of the economy in the second quarter of this year. Compared with limited stocks such as Tencent, Meituan and the Hong Kong Stock Exchange, the current traditional economy is also picking up, which is conducive to the development of the market outlook.
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