Hong Kong Stocks Afternoon Review | The three major indexes fell collectively, coal stocks and oil transportation stocks rose against the market, Yankuang Energy rose nearly 9%, and COSCO SHIPPING Energy rose more than 6%

time:2023-01-28 18:33:37 source:clevelanddrifters.com author:Individual stock recommendation
Hong Kong Stocks Afternoon Review | The three major indexes fell collectively, coal stocks and oil transportation stocks rose against the market, Yankuang Energy rose nearly 9%, and COSCO SHIPPING Energy rose more than 6%

Futu Information, September 5 | Hong Kong stocks closed down collectively in midday trading, with the Hang Seng Index down 1.28%, the Hang Seng KSE Index down 2%, and the HSCEI down 1.47%. As of the noon close, Hong Kong stocks rose 437 stocks, fell 1219 stocks, and closed 1253 stocks flat. Quote source: Futu Niuniu - Opportunities - Market Hotspots - Hong Kong Stock Hotspots - Ups and Downs Distribution In terms of sectors, science and technology stocks generally fell, Bilibili fell nearly 5%, Tencent and Jingdong fell more than 3%, Alibaba, Meituan, Baidu fell about 2%. Coal stocks bucked the trend and strengthened. Yancoal Australia and Yankuang Energy rose about 9%, China Shenhua rose more than 4%, and China Coal Energy rose more than 7%. Oil stocks rose broadly, with PetroChina, CNOOC and Sinopec up about 2 percent. Shipping stocks rose, COSCO Shipping Energy rose more than 6%, Pacific Shipping rose more than 3%, and OOIL International and Sinotrans rose. Power stocks edged higher, with China Power, Datang Power and Huadian International Power up more than 2%. The pharmaceutical sector was mixed, with CanSino Bio up nearly 10%, Minimally Invasive Medical up nearly 4%, Fosun Pharma down nearly 13%, and WuXi Biologics down more than 4%. Auto stocks fell, BYD shares and Geely Auto fell by nearly 5%, Weilai fell by nearly 6%, Xiaopeng fell by more than 3%, and Ideal fell by more than 2%. In terms of individual stocks, Yankuang Energy (01171.HK) rose nearly 9%. Kaiyuan Securities released a research report saying that the European Union’s reduction of natural gas consumption and the ban on Russian coal sanctions have come into effect one after another. The shortage of overseas supply and the surge in demand have caused the world to still be in a state of rushing for coal. $COSCO SHIPPING Energy (01138.HK)$ rose more than 6%. On the news, the European energy crisis has escalated again, and the "Beixi-1" natural gas pipeline has been closed indefinitely. The agency said that as the conflict between Russia and Ukraine continues, the upward logic of the oil transportation boom remains unchanged. In addition, the winter is gradually approaching, the price of natural gas is at a high level, and the EU may use crude oil instead, which will further increase the demand for oil transportation. CanSino Bio (06185.HK) rose nearly 10%. In the news, the company's inhaled recombinant new coronavirus vaccine has been included in China as a booster for emergency use. MicroPort Medical (00853.HK) rose nearly 4%. In the news, the Medical Insurance Bureau said that innovative medical devices will not be subject to volume procurement. BYD shares (01211.HK) fell nearly 5%. Yamato expects that Buffett will completely clear his holdings in BYD shares, and the stock price will be under pressure in the short term.

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