HK Stocks Close Higher. SMIC up Nearly 6%; Tencent up 1.3%; Li Auto Down 3%; Zijin Mining Down Nearly 6%

Market Express01-15

Hong Kong stock market closed higher. The Hang Seng Index rose by 0.34%, the Hang Seng China Enterprises Index increased by 0.35%, and the Hang Seng Tech Index went up by 0.27%.

In the semiconductor sector, SMIC saw a significant rise of 5.98%, reaching a new high of HKD 37.3 per share with a trading volume of nearly HKD 30 billion. The stock has been on an upward trend with continuous net buying from southbound funds for eight consecutive days, totaling HKD 58.09 billion.

In the banking sector, Bank of China rose by 1.85%, and China Merchants Bank surged by 3.26% after releasing its 2024 performance report, which showed a 0.5% decline in operating income but a 1.22% increase in net profit attributable to shareholders. CITIC Bank also saw a rise of 1.74%.

In the gaming sector, NetEase's stock increased by 4.03% due to the strong performance of its self-developed games "Marvel Duel" and "Yan Yun Sixteen Sounds."

Zijin Mining experienced a decline of 5.85% as it plans to acquire shares in Zangge Mining, with the transaction valued between USD 2 billion and USD 2.2 billion. Zangge Mining's controlling shareholder is planning significant changes that may affect the company's control.

BeiGene rose by 2.96%, while WuXi AppTec fell by 3.51% after announcing expected growth in revenue, net profit, and adjusted net profit for 2024.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • MW不干了
    01-15
    MW不干了
    Zijin Mining drop was due to US import blacklist.
Leave a comment
1
1