Breaking News | Bilibili Surges Over 8%, WuXi Biologics Rises Nearly 7%, And Lingbao Gold Climbs Over 20%
M+ Global Updates 28/03/2024 10:53

As of the time of writing, the three major HK indices all rose, with the Hang Seng Index $Hang Seng Index HSI.HK$ up by 0.78%, the Hang Seng TECH Index $HS TECH Index HSTECH.HK$ climbing by 2.47%, and the Hang Seng China Enterprises Index $Hang Seng China Enterprises Index HSCEI.HK$ increasing by 1.25%.

Tech stocks strengthened collectively, with Bilibili $BILIBILI-W 09626.HK$ surging by over 8%, $JD-SW 09618.HK$ and Meituan $MEITUAN-W 03690.HK$ each over 5%, Baidu $BIDU-SW 09888.HK$ more than 3%, and Kuaishou $KUAISHOU-W 01024.HK$ and Alibaba $BABA-SW 09988.HK$ more than 2%.

Biotechnology stocks were on the rise, with WuXi Biologics $WUXI BIO 02269.HK$ climbing by nearly 7%, $EVEREST MED-B 01952.HK$ rising by over 5%, $GENSCRIPT BIO 01548.HK$ up by over 4%, and BeiGene growing by nearly 2%.

Apple concept stocks saw across the board gains, with $AAC TECH 02018.HK$ and $COWELL 01415.HK$ rising about 5%, Sunny Optical and Q Technology Group around 2%.

Gold stocks strengthened, with $LINGBAO GOLD 03330.HK$ surging by over 20%, $ZHAOJIN MINING 01818.HK$ gaining over 5%, and both Shandong Gold and Zijin Mining about 1%.

Regarding individual stocks, $WUXI BIO 02269.HK$ surged by over 7%, as it reported steady annual earnings growth and a continuous increase in the number of projects.

$CTG DUTY-FREE 01880.HK$ rose by nearly 6% after earnings, with its fourth-quarter net profit up more than 274% year-over-year, and is proposing a dividend payout of over 3.4 billion yuan.


The content is provided as general information only and should not be taken as investment advice. All the contents shall not be taken as a recommendation to buy or sell any security or financial instruments. Any action you take resulting from information, analysis, or commentary on this article is your responsibility. Please consult your investment advisor before making any investments.

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