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HSTECH Soars 3%+; BILIBILI-W Spikes ~15%; LENOVO Up 7%
A number of heavyweight technology stocks listed in HK sharpened their gains after midday. The HSTECH last posted at 3,813, up 115 pts or 3.13%. The HSI last printed at 18,390, up ...
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HSTECH Soars 3%+; BILIBILI-W Spikes ~15%; LENOVO Up 7%
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50
Positive
93
Negative
44
 
 

A number of heavyweight technology stocks listed in HK sharpened their gains after midday. The HSTECH last posted at 3,813, up 115 pts or 3.13%. The HSI last printed at 18,390, up 474 pts or 2.65%, with the main board trading at $78.1 billion.

BILIBILI-W (09626.HK)  +1.600 (+1.323%)    Short selling $95.20M; Ratio 27.506%   led the rise of HSTECH to peak at $141.5, and last stood at $139.4, up 14.92%, with 10.5758 million shares traded, involving $1.422 billion. BOCOMI expected its mobile game “San Guo: Mou Ding Tian Xia” to exceed the expected sales and accelerate the growth of game revenue in 2H24. JP Morgan upgraded the stock to Overweight and raised its target price to $165.

Related NewsBrokers' Consolidated Top Pick List for HK Stocks (DBS, Macquarie)
LENOVO GROUP (00992.HK)  -0.020 (-0.181%)    Short selling $53.04M; Ratio 10.937%   last traded at $11.88, up 7.22%. It was reported that during this year's 618 event, Lenovo's online sales topped RMB6.9 billion. XIAOMI-W (01810.HK)  +0.240 (+1.441%)    Short selling $196.66M; Ratio 16.999%   also traced successful sales during the 618 period. The total payment amount of Xiaomi's all-channel exceeded RMB26.3 billion, which set a new record for Xiaomi's big promotions. XIAOMI-W’s stock price last posted at $18.4, up 5.87%. JD-SW (09618.HK)  +2.100 (+2.075%)    Short selling $90.59M; Ratio 12.827%   last recorded at $114.8, up 1.68%.

AI concepts became market darlings. SENSETIME-W (00020.HK)  +0.240 (+17.391%)    Short selling $64.45M; Ratio 1.805%   peaked at $1.46 and last tracked at $1.42, up 5.97%. TENCENT (00700.HK)  +10.200 (+2.763%)    Short selling $1.27B; Ratio 15.243%   last at $388.8, up 3.13%.

SUNNY OPTICAL (02382.HK)  +0.600 (+1.292%)    Short selling $95.39M; Ratio 16.452%   retreated 5.6% in the morning after an investor day, but stabilized in the afternoon. It last printed at $51.75, up 0.19%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-03 16:25.)

Related NewsShenwan Hongyuan: TENCENT 'DNF Mobile' Game 1st-Mth Results Beat; Game Margin Can Further Rise

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