HK Stock Market Midday Review | All three major indices rise! The Hang Seng Tech Index gains 1.6%; the robotics concept and non-ferrous metal stocks perform strongly, with MicroPort Surgical Robotics surging over 30%, Dobot and Ubtech Robotics rising more

According to Futu News on December 29, the three major indices of Hong Kong stocks rose in unison. $Hang Seng Index (800000.HK)$Up 0.26%,$Hang Seng TECH Index (800700.HK)$Increased by 1.60%,$Hang Seng China Enterprises Index (800100.HK)$Increase of 0.77%.

By the midday close, 1,029 Hong Kong stocks had risen, 1,093 had fallen, and 1,122 remained unchanged.

In terms of sectors, tech stocks performed strongly, with NetEase-S rising by 2.63%, Meituan-W increasing by 2.33%, Kuaishou-W climbing by 1.55%, JD.com-SW gaining 0.98%, SenseTime-W advancing by 0.94%, Alibaba-W edging up by 0.34%, Xiaomi Group-W rising by 0.15%, and Tencent Holdings increasing by 0.08%.

Robotics-related stocks saw gains, with MicroPort Robotics surging by 30.38%, Yuejiang Technology rising by 12.71%, Ubtech Robotics increasing by 12.24%, and Sanhua gaining 4.36%.

Most non-ferrous metal stocks rose, with Jiangxi Copper Corporation climbing by 9.88%, Chalco increasing by 3.25%, and Jinli Magnet Co. gaining 2.16%.

Automotive stocks performed well, with XPeng Motors-W rising by 6.31%, Nio-SW increasing by 6.30%, BYD gaining 5.98%, Geely Auto climbing by 4.85%, Li Auto-W advancing by 3.69%, Leapmotor rising by 3.62%, Great Wall Motors gaining 3.27%, and Seres moving up by 2.39%.

Semiconductor stocks trended higher, with Shanghai Fudan rising by 8.48%, FORTIOR increasing by 2.91%, Huahong Semiconductor gaining 2.66%, Hongguang Semiconductor advancing by 2.13%, Innoscience moving up by 1.18%, SMIC increasing by 1.06%, and Ingdan Innovation rising by 0.67%.

Oil stocks rose, with Sinopec Shanghai Petrochemical increasing by 3.03%, PetroChina by 1.84%, Sinopec by 1.77%, and CNOOC by 0.87%.

Casino and gaming stocks declined, with MGM China falling by 13.48%, Melco International Development by 3.95%, Sands China Limited by 3.74%, Wynn Macau by 3.05%, Galaxy Entertainment Group by 2.21%, NagaCorp rising by 1.27%, SJM Holdings dropping by 1.21%, and International Entertainment falling by 0.83%.

Electric power stocks weakened, with Huaneng Power International dropping by 8.59%, Datang International Power Generation by 5.56%, China Resources Power by 2.70%, CGN Power by 1.33%, Harbin Electric by 1.29%, CLP Holdings by 0.72%, Cheung Kong Infrastructure Holdings by 0.51%, and HK Electric Investments by 0.36%.

In terms of individual stocks,$CIG (06166.HK)$The stock surged over 7% as demand for optical modules continued to rise significantly, with institutions optimistic about the industry’s improving profitability.

$XPENG-W (09868.HK)$The stock surged over 6% as the company accelerated its expansion into the Middle East and Africa markets, recently reaching a strategic partnership with a well-known distributor in Mauritius.

$SERES (09927.HK)$The stock rose over 2% as its overseas brand DFSK entered the Egyptian market.

$AVICHINA (02357.HK)$The stock increased over 1% as a subsidiary recently proposed acquiring the partnership interests of Hangtou Yuhua, enhancing its core competitiveness in aviation onboard products.

$YOFC (06869.HK)$The stock fell over 6% as Yangtze Communication reduced its holdings by 1.1 million A-shares of the company.

$MGM CHINA (02282.HK)$The stock dropped nearly 13% as the brand usage fees payable to the parent company will double starting next year.

$EAST BUY (01797.HK)$Surged over 4%, Yu Minhong has finalized the successor for Oriental Selection, and Sun Jin will serve as the Chief Executive Officer.

$GEELY AUTO (00175.HK)$Surged over 4%, recently completed the privatization of Zeekr.

$MINIEYE (02431.HK)$Surged over 15% post-lockup expiration; the company has been included in the Hang Seng Hong Kong Stock Connect Electronics Theme Index, and the unmanned logistics vehicle industry is expected to experience a boom period.

$SANHUA (02050.HK)$Surged over 4%, with full-year net profit projected to grow by 25%-50% year-over-year, and its robotics business anticipated to achieve breakthrough progress.

Top 10 in half-day trading volume

Editor/KOKO