Hong Kong stock market review: Hang Seng Index rose 1.38%, Hang Seng Technology Index rose 1.19%! Education stocks continued to rise, New Oriental rose more than 6%, AAC Technologies and Gowell Electronics rose more than 5%

by Game Spinning 2024-08-09 16:15:20
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On August 7, the three major Hong Kong stock indexes closed higher today.

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As of the close, the Hang Seng Index rose 1.38% to 16,877.86 points, the Hang Seng Technology Index rose 1.19%, and the state-owned enterprise index rose 1.38%. On the market, technology stocks generally rose, Tencent and JD.com rose more than 2%, Alibaba, Baidu, and Lenovo rose more than 1%; education stocks continued yesterday's gains, New Oriental rose more than 6%; photovoltaic stocks rose actively, Fuyao Glass ( 600660 ) rose more than %; power stocks rose together, Longyuan Power rose more than 4%; Apple concept stocks rebounded, AAC Technologies and Gowell Electronics rose more than 5%.

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Education stocks continued yesterday's rally, with New Oriental rising more than 6%. On the news front, the State Council recently issued the "Opinions on Promoting the High-Quality Development of Service Consumption", which proposed to promote colleges and universities, scientific research institutions, and social organizations to open up high-quality educational resources to meet the diversified and personalized learning needs of the general public. Promote the improvement of the quality and efficiency of vocational education and build high-level vocational schools and majors. The market believes that this policy was launched in the context of facing up to the needs of education and training, which undoubtedly brought positive signals to the industry. In addition, a number of leading education companies have recently announced their latest operating results, showing signs of performance recovery, which further raised market expectations.

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Photovoltaic stocks rose actively, with Fuyao Glass rising nearly 8%. Fuyao Glass released its 2024 semi-annual report, and the group achieved operating income of 18.34 billion yuan, a year-on-year increase of 22.01%; net profit attributable to shareholders of listed companies was 3.499 billion yuan, a year-on-year increase of 23.35%; basic earnings per share was 1.34 yuan.

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Electricity stocks all rose, with Longyuan Power rising more than 4%. Recently, my country has experienced rare high temperatures. Data shows that in July this year, the national average temperature was 23.2℃, the highest in the same period since 1961, especially in the south, where a large area of ​​continuous high temperatures were encountered. It is predicted that there will be two more obvious high temperature weather processes in my country in early and mid-August. The continuous high temperature "baking" test has led to an increase in power load, which has put a certain pressure on the supply of power. Many places have actively come up with countermeasures to ensure power supply.

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