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Market quick glance | The three major Indices showed mixed results, with the tech index slightly rising, Xiaomi and Tencent increasing nearly 3%; Semiconductors stocks were strong, with Semiconductor Manufacturing International Corporation rising over 8%;
Network Technology stocks performed poorly, KUAISHOU-W fell by 5.42%, Alibaba-W dropped by 3.44%; most Coal Industrial Concept stocks declined, SOUTHGOBI fell by 12.02%, China Coal Energy dropped by 6.37%; many Hong Kong Retail Stocks fell, PRADA decreased by 3.80%, BOSSINI INT'L dropped by 3.48%;
Hong Kong stocks are fluctuating | Coal prices hit a new low for the year, Coal Industrial Concept (coal Industry) stocks collectively declined, China Coal Energy fell by 6%.
On December 20, according to Gelonghui, coal stocks in the Hong Kong market collectively fell, with SOUTHGOBI down over 11%, GRAND OCEAN AR down nearly 9%, PER ENERGY and HIDILI INDUSTRY down over 7%, China Coal Energy down 6%, MONGOL MINING down over 5%, SHOUGANG RES and YANKUANG ENERGY down over 2%. In news, with the peak consumer season approaching, coal prices have continued to decline after falling below 800 yuan/ton. On December 11, the spot closing price of 5500 kcal Thermal Coal at Qinhuangdao Port was reported at 799 yuan/ton, marking the first time this year that it fell below the 800 yuan/ton threshold; on December 13, the market price of CCTD CNI Bohai Index 5500 kcal Thermal Coal dropped to 8.
Hong Kong stock market midday review | All three Indexes rose, Semiconductors and Tencent Related stocks strengthened, Weimob surged over 16%, Semiconductor Manufacturing International Corporation rose over 10%, and Tencent increased over 3%.
Network Technology stocks generally fell, KUAISHOU-W dropped 4.65%, Alibaba-W fell 3.32%; many Coal Industrial Concept stocks declined, SOUTHGOBI fell 8.50%, China Coal Energy dropped 5.01%; Mobile Game stocks rose, BOYAA fell 5.06%, TENCENT increased 3.08%;
Hong Kong stocks are experiencing fluctuations | Coal Industrial Concept(coal Industry) stocks are among the biggest losers as high inventory and continuous import volumes pressure coal prices. The long-term advantage of dividend attributes still exists.
The Coal Industrial Concept (coal Industry) stocks are among the biggest decliners. As of the time of this report, SOUTHGOBI (01878) has fallen by 9.09%, trading at 3.1 HKD; CHINA QINFA (00866) is down by 5.93%, trading at 1.27 HKD; and China Coal Energy (01898) has declined by 5.11%, trading at 9.09 HKD.
Hong Kong stock movement | China Coal Energy (01898) fell over 5%. The company's current PB is relatively low and will further optimize its Market Cap management efforts.
China Coal Energy (01898) fell over 5%, as of the time of writing, down 5.01%, trading at 9.1 Hong Kong dollars, with a transaction volume of 0.146 billion Hong Kong dollars.
Express News | "Market Cap management" has become a buzzword again. Institutions: The valuation of leading Coal companies may improve, and China Coal Energy responds.