"immediate Market Review" Hong Kong stocks continued to fall, dyeing blue stocks weaker, Bishu fell more than 11%.
Dragged down by financial and technology stocks, Hong Kong stocks continued to decline today. The market continued to wait and see tonight's US non-farm payrolls data. at the time of writing, the yield on the 10-year Treasury note rose to 3.261 per cent, the US exchange rate index rose to 109.43, the US stock Dow futures fell 70 points, or 0.22 per cent, and the Nasdaq futures fell 0.09 per cent. The yen fell below the important 140th mark against the US dollar. Japan's finance minister said action would be taken if necessary. The Asian currency index fell 0.04 per cent to 99.95, the renminbi closed down 38 points at 6.9028 to the dollar, the Shanghai Composite index rose 1 point or 0.05 per cent to close at 3186 points today, the Shenzhen Composite Index fell 0.09 per cent, and the turnover on the Shanghai and Shenzhen stock markets was 746.6 billion yuan.
The Hang Seng Index continued its decline after opening as low as 24:00 this morning, falling as low as 19342 points in the afternoon, but narrowed slightly in late afternoon trading to close at 19452 points, down 145 points or 0.7%. The national index fell 69 points, or 1.03%, to 6672 points. The Hang Seng Technology Index also fell 60 points, or 1.44%, to close at 4143. The quarterly inspection of the Hang Seng Index will take effect after the close of trading today, and the total daily turnover in the market has increased to 110.201 billion yuan. There was a net inflow of 1.17 billion yuan and a net outflow of 64.9 million yuan for southbound trading in Shanghai and Hong Kong, respectively.
The Hang Seng Index is down 717 points or 3.6% this week, the National Index is down 248 points or 3.6% this week, and the Hang Seng Science Index is down 158 points or 3.7% this week. Us Federal Reserve Chairman Colin Powell released his eagle at the annual meeting of central banks around the world. after that, a number of Fed officials said that they would continue to raise interest rates to fight inflation, and the market was worried that the Federal Reserve would aggressively raise interest rates in the future.
[country Garden down property management stock for sale]
Some inner housing and property management stocks were under selling pressure, with country Garden (02007.HK) shares falling 6 per cent to Rmb2.17, country Garden Services (06098.HK) shares plummeting nearly 11.8 per cent to Rmb13.92 and China Shipping property (02669.HK) shares down 4.6 per cent. UBS said that after the inner housing stock released its results for the first half of this year, investors focused more on the cash flow of related companies than on profit performance (an average annual decline of 34%). It refers to that the cash held by listed housing stocks in Hong Kong has fallen by an average of 19% by half a year (and by 30% by private enterprises). The bank looked at the main items of the developer's balance sheet (cash, liabilities, contractual liabilities and accounts payable) in the first half of the year. It is believed that the balance sheet of the related shares is shrinking too fast.
As for property management stocks, UBS said accounts receivable rose, while management profit growth slowed or declined. Due to the low cash recovery rate of developers, governments and owners, accounts receivable in the property management unit increased by 64% in half a year, faster than income growth. The increase in contract floor area slowed due to a sharp drop in sales and starts of new homes.
[a thousand stocks fell and one "dyed blue stock" weakened.)
Hong Kong stocks continued to be wide and weak today, with a rise-fall ratio of 26 on the main board (13 to 27 the previous day) and 1112 shares (down 2.7%). The Hang Seng Index rose 15 shares and fell 48 shares today, with a rise-fall ratio of 22 to 70 (compared with 9 to 90 the day before). The market sold 24.251 billion yuan today, accounting for 25.138% of the turnover of 96.475 billion yuan of available short-selling shares (24.581% the day before).
The quarterly inspection of the Hang Seng Index will take effect after the close of trading today, with blue chips adding 01088.HK, 01929.HK, 03692.HK and Baidu-SW (09888.HK), with four shares falling 0.6 per cent, 5 per cent, 6 per cent and 1.2 per cent respectively. As for the addition of the state-owned enterprise index to Shang Tang-W (00020.HK) and excluding 02601.HK, the two shares fell 5.4 per cent and 2.1 per cent respectively.
New Oriental online (01797.HK) shares closed at 34 yuan today at 12.4%, with a turnover of 1.39 billion yuan. Huatai Securities said in a report that taking into account the continuous improvement of user stickiness and conversion rate of live e-commerce business under New Oriental online, the rapid development of supply chain, the gradual expansion of commodity categories and the steady increase in the proportion of self-operated products, it is expected that e-commerce business will become the main growth driver from fiscal year 2023, and the company's profitability is expected to continue to improve. The bank priced New Oriental online at 31.04 yuan, maintaining its "hold" rating.
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