news

cailianshe news, september 5 (editor: hu jiarong)today, the three major hong kong stock indexes performed differently, and the overall trend continued yesterday. as of the close, the hang seng index fell 0.07% to 17444.30 points; the technology index rose 0.14% to 3487.8 points; and the state-owned enterprise index fell 0.46% to 6105.54 points.

note: performance of hang seng index

compared with the volatile trend of the three major hong kong stock indices, the market is more concerned about the new fast inclusion rules added by hang seng index company to the hong kong stock connect index yesterday. according to the announcement, if a security qualifies for southbound trading due to conversion from a secondary listing to a primary or dual primary listing, hang seng index company will conduct a fast inclusion review on the security.

on the first day of being eligible for the stock connect, if the closing total market capitalization of the eligible security ranks in the top 10 among the existing constituents, the security will be included in the index in the next regular monthly adjustment or otherwise specified.

relevant reports pointed out that alibaba group, which just completed its dual primary listing in hong kong, china at the end of august, will become the first beneficiary of the rules and is expected to be quickly included in the hong kong stock connect index in the hang seng index series.

today's market

from the perspective of market performance, the real estate and insurance sectors outperformed, while the oil and shipping sectors continued to decline. in addition, public utilities saw a big rise today.

hong kong real estate stocks rebounded, zhongliang holdings rose nearly 5%

among real estate stocks, zhongliang holdings (02772.hk), greenland china (03900.hk), and vanke (02202.hk) rose 4.82%, 4.79%, and 2.52%, respectively.

note: performance of real estate stocks

in terms of news, there are recent market rumors that the interest rates of existing mortgage loans are expected to be further reduced. lu ting, chief china economist at nomura securities, said yesterday that they look forward to the introduction of some policies under the increasing downward pressure on the economy. the central bank still has some room for interest rate cuts in the second half of the year. it is expected that the central bank will continue to guide commercial banks to reduce the interest rates of existing mortgage loans by 40 basis points in the second half of the year. the probability of this is relatively high. it is expected that the interest rate of existing mortgage loans will be reduced by 40 basis points after comprehensively considering factors such as bank interest rate spreads and mortgage pressure on home buyers.

if the interest rates on existing mortgage loans are lowered as expected, it will help directly reduce the mortgage pressure on residents, thereby stimulating consumption recovery and boosting the economy. at the same time, it will also help enhance the stability of the real estate market and the confidence of home buyers.

insurance stocks strengthened across the board, with china property insurance rising more than 4%

among insurance stocks, china property and casualty insurance (02328.hk), china people's insurance group (01339.hk) and china pacific insurance (02601.hk) rose 4.10%, 3.73% and 2.72% respectively.

note: performance of insurance stocks

in terms of news, haitong international believes that the nbv margin of listed insurance companies is expected to increase year-on-year, mainly due to the improvement of product structure, the increase in the proportion of medium- and long-term premiums, the reduction of the scheduled interest rate, and the "integration of bank insurance and insurance channels". in addition, the current residents' savings demand is still strong. against the background of falling bank deposit interest rates, insurance products are still relatively attractive, and the general trend of improvement on the liability side is still optimistic.

oil stocks continued to fall, sinopec fell more than 6%

among oil stocks, china petroleum & chemical corporation (00386.hk), petrochina corporation (00857.hk), and china oil & gas holdings (00702.hk) fell 6.08%, 2.92%, and 1.59%, respectively.

note: performance of oil stocks

in terms of news, the price of wti crude oil futures closed down 1.55% on wednesday, falling below the $70 per barrel mark, hitting the lowest level in nine months. the decline in oil prices may be related to the possibility that the organization of petroleum exporting countries and its allies (opec+) may postpone the production increase plan originally scheduled to start next month.

note: the trend of wti crude oil futures in the past two days

container shipping futures continued to fall, cosco shipping holdings fell more than 3%

among shipping stocks, cosco shipping (01919.hk), pacific basin shipping (02343.hk), and orient overseas (00316.hk) fell 3.07%, 1.44%, and 1.28%, respectively.

note: performance of shipping stocks

in terms of news, the pessimistic sentiment in the container shipping market has continued to ferment recently, and the price center of gravity of ec futures near-term and long-term contracts has continued to move downward. on september 4, the main container shipping futures contract ec2412 closed down 6.3% to 2010.0 points, and fell nearly 15% this week. the decline in long-term contracts was more obvious, with ec2504 and ec2506 both falling by more than 9%.

southbound funds

today, southbound funds outflowed hk$1.59 billion again. since the beginning of this year, the cumulative inflow has reached hk$438.3 billion.

note: performance of southbound funds

stock movements

[bilibili rose more than 3%, bank of america raised its target price to hk$147]

bilibili-w (09626.hk) rose 3.50% to close at hk$121.30. in terms of news, bank of america securities issued a report stating that it expects the company's stable trend in game and advertising business to continue in the second half of the year. investors focus on the update of the game "sanmou", the stable trend of advertising business, and the growth of e-commerce related business. in addition, the bank raised its target price from hk$140 to hk$147 and reiterated its "buy" rating.

[volkswagen public utilities increased by more than 20%. carrot run may conduct large-scale pilot projects in 3 to 5 cities next year]

volkswagen utilities (01635.hk) rose 21.14% to close at hk$1.49. according to reports, many cities have contacted turnipao, hoping to become its pilot cities. turnipao may conduct large-scale pilots in 3 to 5 cities next year. earlier reports indicated that baidu and volkswagen transportation and other cooperative enterprises have already achieved test operations of driverless vehicles in some areas of jiading district, shanghai.