On Wednesday, the three major A-share indices showed mixed performances, with the western infrastructure, consumer electronics concept stocks weakening, and liquor, automobile, and gold sectors declining. Duty-free store concept stocks were active. Newswise, five departments improved the policy for duty-free shops within the city. The Shanghai and Shenzhen 300 ETFs continued to see increased trading volume at the end of the day, with a total of nearly 10 billion yuan traded across four ETFs.
The Hong Kong stock market opened lower and continued to decline throughout the day, with Nongfu Spring closing down more than 10%, and at one point falling 12%, hitting a new low since its listing. Financial reports showed that the revenue from packaged drinking water products decreased by 18.3% compared to the same period last year; Anta Sports rose by more than 4%, with a year-on-year increase in revenue of 13.8% in the first half of the year, and a net profit increase of 62.6%.
Treasury futures closed higher across the board at the end of the day, with the 30-year main contract up by 0.32%.
The Shanghai Composite Index closed down by 0.4%, the Shenzhen Component Index rose by 0.26%, and the ChiNext Index increased by 0.05%. More than 3,400 stocks rose, with a total daily turnover of 496.6 billion yuan, a decrease of 14.9 billion yuan compared to the previous trading day.
The Hang Seng Index closed down by 1.02%, and the Hang Seng Technology Index fell by 1.59%. Nongfu Spring closed down more than 10%.
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Treasury futures fluctuated in the morning and rose at the end of the day, with the 30-year main contract up by 0.32%, the 10-year main contract up by 0.16%, the 5-year main contract up by 0.14%, and the 2-year main contract up by 0.04%.
A-shares closed with mixed results, with the total turnover of the two markets less than 500 billion yuan.
The three major A-share indices weakened today, continuing to set new lows since the adjustment. By the close, the Shanghai Composite Index fell by 0.4% to 2837.43 points, the Shenzhen Component Index fell by 0.31% to 8078.82 points, and the ChiNext Index slightly rose by 0.05% to 1531.45 points, with a combined turnover of 496.6 billion yuan.
Liquor, home appliances, and banking sectors led the decline, while the western infrastructure and new energy vehicle themes weakened.
Duty-free concept stocks opened sharply higher, with Central China Group and Youa Shares hitting the daily limit up, and Wanda Plaza, Wuhan Merchants Group, Dongbai Group, Lingnan Holdings, Nanning Department Store, Dalian Friendship, and others all opened higher.In recent news, the Ministry of Finance and four other departments have jointly issued the "Notice on Improving the Policy of Duty-Free Shops in the City," proposing that the existing 13 foreign exchange goods duty-free shops in Beijing, Shanghai, Harbin, and other places transform into city duty-free shops within three months. At the same time, one city duty-free shop will be established in each of the eight cities including Guangzhou, Chengdu, and Shenzhen.
Online education, photolithography factories, smart speakers, cross-border e-commerce, and artificial intelligence concept stocks are active.
Treasury futures fluctuated in the morning and rose at the end of the day, with the 30-year main contract up by 0.32%, the 10-year main contract up by 0.16%, the 5-year main contract up by 0.14%, and the 2-year main contract up by 0.04%.
The HS300 ETF continued to see an increase in trading volume at the end of the day, with a total transaction of nearly 10 billion yuan for the four ETFs. Among them, the Huatai-PineBridge HS300 ETF (510300) has currently exceeded 5 billion yuan in transactions, and the Easy Fund HS300 ETF (510310) has exceeded 2.5 billion yuan in transactions. Both transaction amounts have surpassed the total for the previous day, and additionally, the Harvest HS300 ETF (159919) and the China Asset Management HS300 ETF (510330) have both exceeded 1 billion yuan in transaction amounts.
The Hong Kong stock market opened low and continued to decline, with Nongfu Spring closing down by more than 10%, and large technology stocks generally falling.
The Hang Seng Index closed down by 1.02%, and the Hang Seng Technology Index fell by 1.59%. Nongfu Spring led the blue-chip decline with a drop of over 10%, with a year-on-year decrease of 18.3% in revenue from packaged drinking water products in the first half of the year.
On the evening of August 27, Nongfu Spring released a financial report stating that from January to February of this year, the group's packaged drinking water products sold well, with sales revenue for these two months increasing by 19.0% compared to the same period last year. However, since the end of February, a large number of public opinion attacks and malicious slander against the company and its founder have appeared on the internet, causing a serious negative impact on its brand and sales, leading to a significant drop in revenue from Nongfu Spring's packaged drinking water products for the first time.
Large technology stocks generally fell, with Meituan and Baidu falling by more than 3%, NetEase and Kuaishou falling by more than 2%, Tencent falling by nearly 2%, and Alibaba falling by 1%.
The food and beverage, gold and precious metals, and software service sectors saw the largest declines.
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