As of the close, the Hang Seng Index rose 2.09%, the State-owned Enterprises Index rose 2.22%, the Red Chip Index rose 0.75%, and the Hang Seng Technology Index rose 4.05%.

2024/05/0804:24:32 hotcomm 1230

China-Singapore Jingwei, June 24th. On the 24th, Hong Kong stocks continued their rebound trend, and the major indexes all opened higher and moved higher. As of the close, Hang Seng Index rose 2.09%, the state-owned enterprise index rose 2.22%, the red chip index rose 0.75%, and the Hang Seng Technology Index rose 4.05%. On the market, technology stocks generally rose, and pharmaceutical stocks and automobile stocks performed strongly.

As of the close, the Hang Seng Index rose 2.09%, the State-owned Enterprises Index rose 2.22%, the Red Chip Index rose 0.75%, and the Hang Seng Technology Index rose 4.05%. - DayDayNews

As of the close, the Hang Seng Index rose 2.09%, the State-owned Enterprises Index rose 2.22%, the Red Chip Index rose 0.75%, and the Hang Seng Technology Index rose 4.05%. - DayDayNews

Source: Wind

Technology stocks were among the top gainers, and , a constituent stock of the Hang Seng Technology Index , generally rose. Kingdee International rose by more than 9%, Sunny Optical Technology rose by more than 8%, GDS , Bilibili rose by more than 6%, Alibaba rose by more than 5%, SenseTime, Kuaishou, Kingsoft, Baidu and others followed suit.

Pharmaceutical stocks performed strongly, with Connuoya rising by more than 12%, Rongchang Biological and Dongguang Biotech rising by more than 10%, Zai Lab , Viva Biotech , Kangfang Biotech , etc. rising sharply.

Automobile stocks continued to rise, Geely Automobile closed up more than 5%, with the highest intraday increase of more than 9%; Xpeng Motors closed up more than 7%, Li Auto closed up nearly 6%, Guangzhou Automobile Group , , BYD shares, , etc. followed suit.

Industrial Securities International believes that the recent trend of the Hang Seng Index has been relatively repetitive, often falling sharply and then slowly pulling up, basically maintaining a shock above the 21,000 mark. The upward momentum is not very strong, and the average daily trading volume of Hong Kong stocks remains at a relatively low level of 120-130 billion. The market has fluctuated sideways recently, with short- and medium-term moving averages converging and adhering, waiting for the comprehensive guidance of A shares and US stocks .

Cinda International also pointed out that the Hong Kong exchange rate continues to be weak, limiting the upward momentum of Hong Kong stocks. It is expected that the resistance to the Hang Seng Index of 22,000 points will gradually increase. (Sino-Singapore Jingwei APP)

(The opinions in this article are for reference only and do not constitute investment advice. Investment is risky, so please be cautious when entering the market.)

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