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Hong Kong Stock Afternoon Review | The Hang Seng Index fell 0.65% in early trading, and the pork concept rose against the market
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The Zhitong Finance App learned that the Hong Kong Stock Hang Seng Index fell 0.65% to 165 points to 25,287 points; the Hang Seng Technology Index fell 1.99%, and Hong Kong stocks traded HK$136.5 billion in early trading.

Pork concept stocks had the highest gains... Pig prices have risen recently, and institutions indicate that sector valuations are at the bottom. Dekang Agriculture and Animal Husbandry (02419) rose 5.38%. Pig business operations in the first half of the year were in line with expectations. Profits in the yellow chicken sector improved sharply; COFCO Jiajiakang (01610) rose 4%; and Muyuan shares (02714) rose 4.74%.

The raw milk reversal signal showed that it was superimposed to report Yingxi. Modern Animal Husbandry (01117) rose 7%; Youran Animal Husbandry (09858) rose more than 5%.

Chow Sang Sang (00116) rose by more than 16%, and is expected to make a profit of about HK$2.1 billion to HK$2.2 billion in the first half of the year.

Shipping stocks continued their recent gains. Maersk raised its full-year results guidance, and the geographical risk was not substantially mitigated. Dongfang Overseas International (00316) rose 3.6%; Haifeng International (01308) rose 2.7%.

Oil stocks reversed the market. Geographic risks have heightened supply concerns, and the IEA warned that the crude oil supply gap is expected to double in the third quarter. CNOOC Services (02883) rose 3.7%; CNOOC (00883) rose 2%.

China Longgong (03339) rose more than 11%. Net profit is expected to increase by 27% in the first half of the year, and the industry's prosperity continues to improve.

Kingsley Biotech (01548) rose more than 7%, AIDD demand was released at an accelerated pace, and institutions indicated that the performance exceeded expectations.

Huazhu Group-S (01179) rose more than 10%. The results in the second quarter grew steadily, and the company raised its guidance for the whole year.

Huaxun (00833) plummeted by more than 23%. Net profit for the medium term is expected to fall by more than 60% year on year, hampered by losses from acquisitions and subsidiary consolidation.

Hisense Home Appliances (00921) fell by 2.93%. Weak demand compounded the effects of rising raw materials, etc., and net profit for the first half of the year fell 20% year on year.

The storage concept generally declined. Southern Dongying SK Hynix's daily leverage of up to 2X (07709) fell by more than 6%; Southern Dongying went up to two times longer, and Samsung Electronics (07747) fell by more than 7%.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
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