Financial News
Written by: Hui Shihao and Deng Huilin
2020-12-01 10:50
Last update date: 2020-12-01 11:01
The Hong Kong stock market performed strongly in November, soaring by 2234 points during the month. Driven by news such as the "new crown pneumonia" vaccine, the new economic stocks that have been hotly speculated in the past few months have been dumped by the old economic stocks. The top three blue-chip performers are all old. Economic stocks, Geely (0175) performed the most prestige, which rose 35.4%; HSBC (0005) and Swire (0019) rose 29.3% and 26.1% respectively.
As for the worst performing blue chips, Alibaba (9988), CSPC (1093) and Tencent (0700), they fell 10.9%, 7.4% and 4.7% respectively.
However, Meituan (3690), which is also the leader of new economy stocks, beat market expectations last quarter. The market is concerned about its share price performance and can drive new economy stocks to regain momentum.
At 11 o'clock in the morning today (1st), "Hong Kong 01" will discuss the trend of the market in December with Huang Minshuo, director and chief investment officer of Baoju Securities.
Please subscribe to the [Money Flow财策汇] youtube channel, which is the Like【Money Flow财策汇] facebook page, and watch regularly.
Caizhihui facebook page
Huang Minshuo analyzed the market trend in the program.
(Provided by interviewee)
The three major U.S. stock indexes all rose more than 10% in November, the Dow hits its biggest monthly gain in 33 years
HSI rebounds by 171 points, L’Occitane rises by more than 10%, ICBC rises by more than 3%｜Continuous update
Bitcoin hits a record high total market value of more than 360 billion U.S. dollars institutional funds continue to enter the market
Meituan Dianping HSI
/cloudfront-eu-central-1.images.arcpublishing.com/prisa/EEJSWJ3MT5C2LL4U4EDDVAF3FY.jpg)
