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[Continuous Update] The Hang Seng Index Turns Down Alibaba Health's Allotment Falls More Than Half into Gold Mining Stocks

2020-08-05T02:16:24.898Z


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. [10:06] Gold mining stocks regained speculation. Spot gold prices broke through the $2,000 mark, and gold mining stocks regained speculation. Lingbao Yellow


Financial News

Written by: Huang Jie Lin Leqian

2020-08-05 09:30

Last update date: 2020-08-05 10:06

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.

【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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Source: hk1

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