Market News

As of press time, the three major indexes of Hong Kong stocks rose, the Hang Seng index rose 2.16% to 19261.43 points, with a turnover of 34.791 billion; the state-owned enterprises index rose 2.48% to 6596.04 points, with a turnover of 11.141 billion; and the red chip index rose 2.43% to 3695.35 points, with a turnover of 1.247 billion.

Auto stocks are stronger, Weilai is up more than 4%, Xiaopeng and Wuling are up more than 3%, and ideal cars are up nearly 2%.

Insurance stocks rose, Zhongan online rose more than 5%, China Ping an rose more than 3%, AIA and China Pacific Insurance rose more than 2%.

Medical and beauty concept stocks rose, real group rose more than 31%, relapse medical technology rose more than 12%, modern dentistry rose more than 13%, and time angel rose more than 9%. On the face of the news, National Healthcare Security Administration issued a notice a few days ago that oral implants will be collected. dental implant medical services for price control, Guojin Securities pointed out that the normal pace of diagnosis and treatment in the oral medical service industry was affected by factors such as repeated epidemic situation in the first half of the year. The valuation of the industry is relatively low in history, and it is expected to hit bottom and pick up gradually with the landing of relevant policies.

Coal stocks continue to be active, coal Australia rose more than 8%, soared 30% within the month, Yi bulk rose 4%, Shougang Resources, Yitai Coal, etc., followed by the rise, Galaxy Securities pointed out that the recent upward trend of thermal coal prices; on the supply side, some coal mines suspend production and sales, the market available resources are tightened, downstream accelerated destocking, coal prices are on the strong side On the demand side, the hot weather is getting cooler, the seasonal consumption of thermal coal has declined slightly, and the purchasing enthusiasm of chemical coal and other non-electric coal has increased, supporting the continuous rise in coal prices at the mouth of the pit, and prices are expected to rebound steadily in the future; the bank is optimistic about coal demand in the fourth quarter, believing that it will expand month-on-month, and that coal demand in the medium term will also be effectively boosted under the policy of stable growth.

Hot stocks

At the beginning of the day, Cinda Biological rose nearly 7% to HK $29. Goldman Sachs released a research report at the end of August saying that Cinda Biological's first-half results were roughly in line with expectations, slightly raising its target price from HK $60.3 to HK $60.35. Nomura also raised its target price from HK $45.38 to HK $45.44 In addition, Deutsche Bank gave it a target of HK $41 in its latest research report. Deutsche Bank said that although the company's revenue growth was flat in the first half of the year due to the epidemic and the restructuring of the sales team, the sales team was successfully restructured. It is essential for the group to remain competitive in the crowded market space, and the group is expected to see some early signs of success in its third quarter results.