HSI1 18,475.92 +268.79 116.19B
HSCEI1 6,547.29 +110.20 55.14B
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HSI Swells 94 pts at Midday as HKEX Hikes; SENSETIME-W Rallies 10%
2024-04-25 12:21:58
The HSI added 94 points or 0.6% to 17,295 at midday. The HSCEI picked up 28 points or 0.5% to 6,129. The HSTECH slid 2 points or 0.1% to 3,571. The total half-day turnover of the market amounted to $71.59 billion.

For financials, HKEX (00388.HK) climbed 3.8% to $248.2, while HANG SENG BANK (00011.HK) and BOC HONG KONG (02388.HK) hiked over 2%. AIA (01299.HK) gained 1.7% to $51.3, while PING AN (02318.HK) and CHINA TAIPING (00966.HK) leaped 2.6% and 4.4%. CM BANK (03968.HK) elevated 3.8%, while HSBC HOLDINGS (00005.HK) slipped 0.2% to $64.6.

For Chinese developers, CHINA OVERSEAS (00688.HK) and SEAZEN (01030.HK) advanced over 5%, while AGILE GROUP (03383.HK) shot up 11.6%. YUEXIU PROPERTY (00123.HK), LONGFOR GROUP (00960.HK), CHINA RES LAND (01109.HK) and SINO-OCEAN GP (03377.HK) mounted over 3%.

For dotcoms, SENSETIME-W (00020.HK) rallied 10% to $0.88 after resumption of trading. The Company launched its "SenseNova" foundation model version 5.0 with a 600 billion parameter earlier. BABA-SW (09988.HK) jumped 1.4% to $73.55, while TENCENT (00700.HK) and MEITUAN-W (03690.HK) dropped 1.3% and 1.8%. XIAOMI-W (01810.HK) faded 0.7%, while JD-SW (09618.HK), BIDU-SW (09888.HK), and KUAISHOU-W (01024.HK) increased 0.4% to 0.9%. BILIBILI-W (09626.HK) swelled 3.9%, while EAST BUY (01797.HK) cratered 9%. NEW ORIENTAL-S (09901.HK) plunged 16% after its 3Q earnings rose 6.8%, missing forecasts. Chip equipment stock ASMPT (00522.HK) waned 5.4%.
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