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Hong Kong stocks performed brightly during the session, with the Hang Seng Index reaching a new intraday high. The semiconductor sector led the gains strongly, with funds continuing to concentrate on growth and economic recovery. SMIC and Hua Hong Semiconductor rose by 2.42% and 4.82% respectively during the session. The internet and retail sectors showed a mixed performance, with Tencent Holdings and Kuaishou recently attracting investor attention. Fund enthusiasm is focused on the technology mainline and emerging growth stocks, with the macroeconomic backdrop characterized by moderate economic recovery and policy expectations. Concept stocks like CloudWalk and Naxinwei surged significantly during the session, driven by the explosive potential of frontier businesses, leading to active market sentiment
JPMorgan analysts estimated that winter storm Fern cut US oil production by roughly 250,000 barrels per day, disrupting flows from the Bakken and from fields in Oklahoma and Texas.
On January 26th, Hong Kong stocks closed with mixed results across the three major indices. The Hang Seng Index saw a slight increase, while the Hang Seng Tech Index declined, indicating a divergence in market performance. The gold sector experienced significant capital inflow, driving stocks like ZIJIN MINING to rise sharply. The internet and retail sectors were sluggish, with Alibaba and Meituan showing weak performance. Stocks like FANGZHOU JIANKE and Longbridge saw notable gains, creating localized market hotspots. Overall, defensive and theme-driven sectors attracted capital. Macro attention is focused on liquidity and external trade, with structural investment opportunities still available
The Hang Seng Index closed at 26,765 points, up 16 points or 0.1%. The Hang Seng Tech Index reported 5,725 points, down 72 points or 1.2%. The total market turnover was HKD 261.699 billion. Among the actively traded blue-chip stocks, Xiaomi, Alibaba, Ping An, Tencent, and Meituan experienced varying degrees of ups and downs. Xinyi Solar fell over 5%, while Zijin Mining, CNOOC, Sun Hung Kai Properties, CKH Holdings, and HANG LUNG PPT reached new highs with strong trading volume
In a report released yesterday, from Global Prosperity maintained a Buy rating on CNOOC Limited, with a price target of HK$26.55. The company’s shares closed last Wednesday at HK$22.74.Claim 50% Off TipRanks PremiumUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential CNOOC Limited has an analyst consensus of Strong Buy, with a price target consensus of €2.73.
$CNOOC(00883.HK) has performed well these days.