Financial News
Written by: Huang Jie Lin Leqian
2020-08-05 09:30
Last update date: 2020-08-05 11:04Hong Kong stocks surged yesterday afternoon, but failed to hold above the 25,000 mark, and we will see if they can rise again today.
【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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