Financial news
Written by: Zhang Weilun
2019-12-05 16:52
Last updated: 2019-12-05 16:53Hong Kong stocks rebounded today. After positive news from the China-US trade talks, the broader market opened 238 points higher this morning and regained 26,300 points. However, the rally has gradually narrowed since then, with a daily increase of about 150 points. Mobile stocks and equipment stocks performed well. Sunny Optical (2382) and AAC Technologies (2018) both outperformed the market today. Technology stocks also rebounded, with Alibaba (9988) rebounding 1.8%.
The Hang Seng Index closed at 26217 points, up 154 points. The state-owned enterprise index closed at 10321 points, up 67 points, and the turnover was 66.933 billion yuan.
AAC is the best performing stock today. AAC closed at 57 yuan, up 7%; Sunyu rose 5.5%, closed at 131.5 yuan, and Tongda Group (0698) closed at 0.58 yuan, up 3.6%. BYD Electronics (0285 ) Rose 8.1% to close at 14.74 yuan.
Chip stocks also performed well today. Hua Hong Semiconductor (1347) rose 15.1% to close at 16.8 yuan, and SMIC (0941) rose 2.5% to close at 10.62 yuan.
Ali wins Goldman Sing sings as soon as possible
Technology stocks generally rose, and Goldman Sachs sang well, closing at 192.4 yuan. Goldman Sachs expects Ali to become a blue chip as soon as May next year. Goldman Sachs and Furui target Ali with price targets of 252 yuan and 260 yuan, respectively. For other technology stocks, Tencent Holdings (0700) rose 0.4% to close at 330 yuan; Meituan Review (3690) rose 1.7% to close at 102.2 yuan.
In terms of export stocks, Techtronic Industries (0669) rose 2.3% to close at 59.8 yuan, Shenzhou International (2313) rose 1.6% to close at 106 yuan, and VTech (0303) rose 1.6% to close at 74.35 yuan.
Real estate and rent-receiving stocks were also sought after by investors. Hang Lung Properties (0101) rose 2.4% to close at 16.32 yuan. The Link Property Fund (0823), which repurchased yesterday, rose 1.4% to close at 79.75 yuan.
Closing summary
