On November 1, 2024, the Hong Kong stock market opened with gains across major indices. The Hang Seng Index (HSI) rose by 0.54%, the Hang Seng Tech Index (HSTECH) edged up by 0.12%.
Among individual stocks, CSPC PHARMA experienced a significant drop of 13.04%. The company announced the acquisition of a 55% stake in Haobio through an agreement transfer and partial tender offer, with a total transaction value of 630 million yuan. This acquisition is expected to enhance CSPC Pharma's clinical application in allergy and autoimmune detection.
JD-SW saw a notable increase of 2.25%. The company reported strong performance during the 11.11 shopping festival, with double-digit growth in transaction volume, order quantity, and user numbers. Over 16,000 brands saw their transaction volumes triple year-on-year, and the number of brands with transaction volumes exceeding 100 million yuan increased by over 40%.
MEITUAN-W rose by 2.14%, while LONGFOR GROUP gained 2.06%. CHINA RES LAND also performed well, rising by 1.93%.
In the energy sector, PETROCHINA increased by 1.03%, and CNOOC rose by 1.21%. SINOPEC CORP also saw a gain of 1.14%.
XIAOMI-W was up by 1.12%, and LI NING increased by 1.13%. CHINA RES BEER gained 1.21%, and CHINA SHENHUA rose by 1.04%.
On the downside, LI AUTO-W dropped by 8.01%, XPENG-W fell by 2.88%, NIO-SW fell 2%.
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