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Hong Kong stocks movement丨Casino stocks remain active, and the Macau Gambling industry's performance during the May Day holiday is strong.
Hong Kong stocks related to gaming continue to rise, among which, MELCO INT'L DEV increased by over 3%, marking a three-day gain of nearly 15%. Sands China rose by nearly 2%, with MGM CHINA, SJM HOLDINGS, WYNN MACAU, and GALAXY ENT also following suit.
Hong Kong market quick review | The three major Indexes showed mixed results, with the Hang Seng Index up 0.13%; Machinery and Mainland Real Estate stocks performed well, new stock Boleton surged over 38%, MORIMATSU INTL rose nearly 6%; RADIANCE HLDGS inc
Network Technology stocks declined, XIAOMI-W fell by 2.81%, Alibaba-W dropped by 2.02%; Casinos and Gaming stocks generally rose, MELCO INT'L DEV increased by 4.73%, SANDS CHINA LTD rose by 2.67%; Pharmaceutical stocks weakened, GRANDPHARMA rose by 13.36%, 3SBIO fell by 6.62%.
Macau Invest, Promotion and Development Bureau: The goal this year is to increase the number of international attendees at conferences and exhibitions by 15%.
Yu Yusheng from the Macao Trade and Investment Promotion Institute stated that this year's exhibition area has increased by about a quarter compared to last year, and many non-gambling elements have been added, reflecting that international large-scale exhibition companies have confidence in the Macao market, which is consistent with the direction of increasing non-gambling elements in the Macao economy.
Hong Kong Stock Afternoon Review | The three major indices had mixed performances, with the Hang Seng Index up by 0.49%; Chinese brokerages and Mainland Real Estate stocks were strong, with HOLLY FUTURES rising by over 56% and RADIANCE HLDGS increasing by
Network Technology stocks fell, XIAOMI-W dropped 2.62%, Alibaba-W fell 1.37%; Pharmaceutical stocks mostly declined, GRANDPHARMA rose 11.02%, 3SBIO fell 7.59%; Casinos and Gaming stocks increased, MELCO INT'L DEV rose 2.66%, WYNN MACAU rose 2.19%.
Market quick glance | Three major indices showed mixed results, with the Hang Seng Index up by 0.70%; gold and beverage-related Concept stocks performed well, Chifeng Jilong Gold Mining rose nearly 13%, and Cha Bai Dao increased by almost 11%.
Network Technology stocks are generally rising, MEITUAN-W increased by 4.53%, XIAOMI-W decreased by 2.92%; Golden Industrial Concept stocks are generally rising, Chifeng Jilong Gold Mining increased by 12.86%, LINGBAO GOLD increased by 8.34%; Hong Kong Retail Stocks are rising, CHOW TAI FOOK increased by 5.65%, BONJOUR HOLD decreased by 5.50%.
Hong Kong stock midday commentary | The three major indices are mixed, with the Hang Seng Index rising by 0.69%; beverage and Rare Earth Metals stocks are rising, with Cha Bai Dao increasing by nearly 11% and Jl Mag Rare-Earth rising by over 10%.
Network Technology stocks rose, with MEITUAN-W up 4.53% and XIAOMI-W down 2.45%; Hong Kong Retail Stocks strengthened, CHOW TAI FOOK increased by 5.85% and SAMSONITE decreased by 3.14%; Apple Supplier stocks declined, with COWELL down 6.68% and SUNNY OPTICAL down 3.83%.