Group 1: Market Overview - The Hang Seng Index experienced a tug-of-war, ultimately closing down 18 points or 0.1% at 24,498, after reaching a high of 24,672 and a low of 24,447 during the day [3][4] - The total trading volume for the day was 236.41 billion, with net inflow from northbound trading only at 1.86 billion [3] - The technology index outperformed the Hang Seng Index, closing up 0.6% at 5,448 [4] Group 2: Company News - Baidu (09888) saw a decline of 3.3%, closing at 85.6; Alibaba (09988) dropped 1.1% to 112.5; Xiaomi (01810) fell 2% to 56.15; and Chow Tai Fook (01929) decreased by 3.6% to 13.58 [3] - BYD (01211) increased by 1.1% to 123.8, while Geely (00175) rose 4.2% to 19.02 following the privatization agreement with Zeekr [3] - Li Auto (02015) had the largest gain among blue chips, rising 9.7% to 124.1 [3] Group 3: Economic and Policy Developments - The Chinese Ministry of Commerce encourages Chinese enterprises to invest in South Africa, aiming to deepen supply chain cooperation and expand collaboration in new energy and digital economy sectors [7] - The Chinese government has lowered the consumption tax threshold for ultra-luxury cars from 1.3 million RMB to 900,000 RMB, effective July 20, to guide reasonable consumption [8] - The unemployment rate for the 16 to 24 age group in China has decreased to 14.5%, marking a continuous decline for four months [10] Group 4: Company Performance - Dazhong Financial Holdings (00626) reported a turnaround with a net profit of 2.57 million, compared to a loss of 34.49 million in the same period last year, with a revenue increase of 15.36% to 685 million [12] - Luk Fook Holdings (00590) reported a 14% increase in retail revenue for the first quarter, with same-store sales turning positive at 5% [13] - October Rice Field (09676) expects a net profit increase of at least 90% for the first half of the year, driven by innovation in household food categories and enhanced brand influence [15]
恒指全日好淡拉锯，收跌18点
Guodu Securities Hongkong·2025-07-18 02:13