News on April 25thMiniarcadeThe three major indexes of Hong Kong stocks rose and fell back. By midday, the Hang Seng Index was up 0%.Miniarcade.55%, at 17295.93 points, the Hang Seng Science and Technology Index fell 0.06%, and the State-owned Enterprises Index rose 0.47%. On the market, science and technology stocks are up and down. Bilibili is up nearly 4%, Alibaba is up more than 1%, Meituan is down nearly 2%, and Tencent is down more than 1%. Inner housing stocks continue to rise recently, with Agile Group up more than 11%. The big financial sector is active, the Hong Kong Stock Exchange is up four consecutive times, and the insurance stock China Taiping is up more than 4%. Chip stocks continue to pick up, Huahong Semiconductor is up nearly 4%, Education stocks are in front of the decline, and New Oriental's volume has plunged by more than 16%. In addition, lithium electricity, Apple concept, coal and other sectors are among the top gainers.
The Hong Kong Stock Exchange rose four times in a row. On the face of the news, the recent continuous rise in the share price of the HKEx is catalyzed by multiple factors: the China Securities Regulatory Commission recently issued "five capital market cooperation measures". The HKEx's results show that Q1 income and other income is 5.2 billion Hong Kong dollars, down 6 percent from the same period last year, but higher than the market expectation of 4.97 billion Hong Kong dollars, up 7 percent from the previous month. Net profit was HK $2.97 billion, down 13% from a year earlier, but higher than market expectations of HK $2.81 billion, up 14% from a month earlier. HKEx appointed Tang Jiacheng to succeed Shi Meilun as chairman of the board.
Auto stocks are individually strong, with Great Wall up nearly 10% after performance. Great Wall Motor released a report for the first quarter of 2024, with operating revenue of 42.86 billion yuan during the reporting period, an increase of 47.60% over the same period last year. The net profit belonging to shareholders of listed companies was 3.228 billion yuan, an increase of 1752.55% over the same period last year. The net profit belonging to the shareholders of the listed company after deducting non-recurring profits and losses is 2.024 billion yuan.
Shangtang resumes trading and goes up by 10%. Trading in Shangtang was suddenly suspended yesterday, rising 31.15% before the suspension, and then the company announced that it resumed trading this morning and opened up 17%. In addition, Shangtang held a technology exchange day in AIDC, Lingang, Shanghai on April 23rd, in which the company launched the 600 billion-parameter model "Rixin 5.0", which greatly improved its knowledge, mathematics, reasoning and code capabilities, and comprehensively calibrated the standard GPT-4Turbo.