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HSI Surges 130+ Pts After Opening Lower as CSPC PHARMA/ SINO BIOPHARM Swell 7%+; 'Popular Stocks' Continue to Be Speculated as MIXUE GROUP/ POP MART/ MAO GEPING Break Ceiling
Recommend 83 Positive 124 Negative 83 |
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Hong Kong stocks continued its uptrend from the previous day. The HSI slightly opened 12 points lower this morning (4th) before hiking in the early session, and last added 132 points or nearly 0.6% to 23,645, with a turnover of $71.025 billion. Pharma led the incline. CSPC PHARMA (01093.HK) and SINO BIOPHARM (01177.HK) escalated 7.8% and 7.1%, being the top 2 blue chip gainers. WUXI BIO (02269.HK) and HANSOH PHARMA (03692.HK) climbed over 2%, while WUXI APPTEC (02359.HK) lifted 1.2%. Industry giant listed IPO HENGRUI PHARMA (01276.HK) also leaped 2.9%. In addition, GEELY AUTO (00175.HK) and MEITUAN-W (03690.HK) mounted over 3%, while TRIP.COM-S (09961.HK) waned over 3% against the market trend, being the worst performing blue chip for the time being. “Popular stocks” continued to be speculated. MIXUE GROUP (02097.HK) peaked at a record high of $615, and last ballooned 3.58% to $607, with a turnover of $83.115 million. POP MART (09992.HK) peaked at a new high of $245, and last jumped up 2.56% to $240, with a turnover of $1.033 billion. Domestic cosmetics brand MAO GEPING (01318.HK) peaked at an all-time high of $123, and last printed at $122.1, up 6.54%, with turnover of $205 million. LAOPU GOLD (06181.HK) peaked at $978, approaching historical high ($978.5). It last printed at $973, up 0.88%, with turnover of $278 million. The stock has soared about 3x YTD. Regarding LAOPU GOLD's launch of the new products series this week, Kaiyuan Securities noted in its research report that the "Seven Calabash Brothers" series has incorporated the childhood IP Calabash Brothers in order to strike a chord with customers. AASTOCKS Financial News Website: www.aastocks.com |
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