HK Stocks Close Higher. MININGLAMP up 106%; Simcere Pharma up over 7%; AIA up 6%; XPeng, NIO up over 4%; SH Electric, Xiaomi up over 3%; Pop Mart down 7%

Market Watcher11-03

Hong Kong stock market saw a positive performance with the Hang Seng Index rising by 0.97%, the Hang Seng China Enterprises Index increasing by 0.98%, and the Hang Seng Tech Index up by 0.24%.

MININGLAMP up 106%; Simcere Pharma up over 7%; AIA up 6%; XPeng, NIO up over 4%; SH Electric, Xiaomi up over 3%; Pop Mart down 7%.

MININGLAMP-W (02718.HK) surged by 106% on its first day of listing, driven by strong demand with a 4452.86 times oversubscription in its Hong Kong public offering. The company is recognized as China's largest data intelligence application software provider.

Xiaomi-W (01810) rose by 3.52%, supported by strong October vehicle delivery numbers exceeding 40,000 units, marking the second consecutive month of such performance.

AIA (01299) saw a significant increase of 5.96%, while XPeng-W (09868) and NIO-SW (09866) also posted gains of 4.59% and 4.21% respectively, driven by record-breaking vehicle deliveries in October and the announcement of new model launches.

Geely Auto (00175) fell by 3.42% after announcing the acquisition of a 26.4% stake in Renault Brazil, despite Renault remaining the controlling shareholder.

Laopu Gold (06181) dropped by 7.16% following the Chinese government's new gold tax policy, which is expected to impact profit margins and sales for gold retailers.

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  • RTK888
    11-03
    RTK888
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