News summary

Newsletter text

[The three major indices of Hong Kong stocks were strong at their highs and high-yield concept stocks performed well] On May 16, the three major indices of Hong Kong stocks were collectively strong in the morning session, with the Hang Seng Index and the National Index recording 1.Tiger'sRichesRumble.59% and 1Tiger'sRichesRumble.82%Tiger'sRichesRumbleThe increase was a new high. The Hang Seng Technology Index rose 1.06%. The overall trend was strong and the market's sentiment for long was high. On the market, high-yield concept stocks were active, especially large financial stocks. Domestic banking stocks and domestic insurance stocks rose significantly, with stocks such as China Construction Bank, China Taiping, and China Building Materials leading the gains. Hangzhou's heavy purchase of commercial housing triggered a collective surge in property stocks and property management stocks. Sunshine 100 China surged nearly 160% near noon, Fantasia Holdings rose nearly 79%, Ocean Group rose nearly 49%, and Xuhui Holding Group rose more than 20%, driving the collective rise of industrial chains such as building materials, cement stocks and home appliance stocks. At the same time, previous gains continuedTiger'sRichesRumbleEducation stocks fell significantly, with power stocks, military stocks and automobile stocks generally performing poorly. In addition, more than 100 penny stocks fell more than 5%.