[Continuous Update] The Hang Seng Index regains 25,000 points, Hong Kong Stock Exchange breaks the top, Cathay Pacific rises nearly 7%

Financial News

Written by: Huang Jie Lin Leqian

2020-08-05 09:30

Hong Kong stocks surged yesterday afternoon, but failed to hold above the 25,000 mark, and we will see if they can rise again today.

[12:11] Hong Kong stocks regained 25,000 points upstairs

The Hong Kong stock market closed at noon, and the 25,000 mark was again. The Hang Seng Index rose 141 points to 25088 points; the H-Share Index rose 51 points to 10,255 points; the Technology Index rose 92 points to 7,528 points. Market turnover was 67.2 billion yuan.

PetroChina (0857) rose 2.99% to 2.75 yuan, becoming the best performing blue chip.

The Swire Department has funds sought after. Swire A﹙0019﹚ rose 2.84% to 39.8 yuan. Cathay Pacific (0293) surged 6.81% to 5.65 yuan.

The Hong Kong Stock Exchange (0388) rose 2.84%, reaching as high as 386.4 yuan. In terms of other heavyweight stocks, Tencent Holdings (0700) rose 1.63%, HSBC Holdings (0005) rose 0.149%, and AIA (1299) rose 0.48%.

[11:42] Zhongtian International soars twice

Zhongtian International (2379) signed a framework agreement with Qingdao State-owned Enterprise to jointly develop properties. The stock fell out of wok speculation this morning and is now up 200% to 1.2 yuan, with a turnover of 19 million yuan.

The Hang Seng Index expanded its gains and is now up 157 points to 25104 points or 0.62%.

【11:04】The Hong Kong Stock Exchange broke the top

Hong Kong stocks have now turned up 58 points to 25,004 points, which is the 25,000 point mark.

The Hong Kong Stock Exchange (0388) rose 1.75% to reach a record high of 383.4 yuan.

【10:06】Gold mining stocks start speculation again

The spot gold price broke through the $2,000 mark, and gold mining stocks regained speculation. Lingbao Gold (3330), Shandong Gold (1787), Zhaojin (1818), Zijin (2899) rose 5.2%, 4.2%, 4% and 3% respectively.

[10:00] Allotment of Ali Health drops 5.3%

Alibaba Health (0241) announced a rights issue to raise funds, placing 499 million new shares at 20.05 yuan per share. The rights issue price is about 8.03% discount to yesterday’s closing price. The latest share price fell 5.3% to 20.65 yuan.

The placing of shares is equivalent to approximately 3.71% of the enlarged issued share capital. The net proceeds are expected to be approximately 9.9642 billion yuan, of which approximately 80 to 90% will be used to further develop its medical and health products omni-channel business and medical and health services business, and the rest will be used for digital development Infrastructure and innovative business.

【09:57】Hong Kong stocks turn down

Hong Kong stocks turned down. The Hang Seng Index fell 28 points to 24,917 points; the H-Share Index also fell 28 points to 10,175 points; the Technology Index fell 18 points to 7,417 points. Market turnover temporarily recorded 26.3 billion yuan.

Property stocks that rose yesterday softened today. New World Development (0017) and Jiuzhi (1997) fell 1.28 and 1.19% respectively.

Tencent Holdings (0700) bucked the market and rose 0.54% to 553 yuan; SMIC (0981) still rose more than 3% to 31.45 yuan.

【09:27】Hong Kong stocks open up 82 points

The Hang Seng Index opened at 25029 points, up 82 points or 0.33%; the H-Share Index opened at 10226 points, up 22 points or 0.23%; the Technology Index opened at 7488 points, up 52 points or 0.7%.

The central duty-free support for integrated circuit manufacturers, SMIC (0981) rose 6.88% to 32.6 yuan.

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