On January 5, the three major indexes of Hong Kong stocks opened lower and higher in early trading, briefly turned red and then fell back lower, further expanding the afternoon decline。Hang Seng Index closes down 0 at close.66%, at 16,535.33 points; Hang Seng SOE Index closes down 0.75% at 5606.98 points; Hang Seng Tech plunges 1.71%, at 3592.33 points。By the close, Hong Kong stocks rose 685, fell 1208 and closed flat at 1083.。

On the day of the Hong Kong stock market, North Water traded net buy 16.HK $0.7 billion, of which the Hong Kong Stock Connect (Shanghai) traded a net purchase of 12.HK $5.9 billion, Hong Kong Stock Connect (Shenzhen) net buy 3.HK $4.7 billion。

Sectors and Fundamentals

From the disk point of view, the company's net stocks fell, biopharmaceutical stocks, paper stocks, catering stocks, Apple concept stocks, auto stocks and other leading declines, paper stocks, catering stocks, hand travel stocks, military stocks, auto stocks, semiconductor stocks and so on have also performed in the doldrums.。On the other hand, thanks to the recent continued warming of the tourism market, tourism concept stocks in today's performance bright; in addition, telecommunications stocks, oil stocks, gas stocks have risen。

Fundamentally, according to the Ministry of Culture and Tourism data center estimates, this year's New Year's Day holiday 3 days, the country's domestic tourism travel 1.3.5 billion person-times, up 155% year-on-year.3%, an increase of 9% on a comparable basis over the same period in 2019..4%; achieve domestic tourism revenue 797.300 million yuan, up 200.7%, up 5% from the same period in 2019.6%。At the same time, inbound and outbound tourism also ushered in a small peak。According to the statistics of the National Immigration Administration, this year's New Year's Day holiday national border inspection organs inspected a total of 517 entry and exit personnel..90,000 passengers, 172 per day.60,000, which has returned to the level of the same period in 2019。

In addition, the domestic ice and snow tourism is also continuing to heat up。Recent Ctrip data show that Harbin New Year's Day off-site customer group accounted for 75%, 3-day holiday travel orders + 158% year-on-year, ice and snow world cultural tourism activities and southern small potatoes and other network red hot words to promote ice and snow travel heat to maintain a high level.。Bank of China Securities Research Report pointed out that the 2024 New Year's Day holiday travel and income than last year's Mid-Autumn Festival National Day recovery degree has improved, the market boom is still high, optimistic about the market follow-up rational prosperity。

On Jan. 4, local time, investment bank Piper Sandler downgraded six stocks to neutral from overweight, including Apple。Piper Sandler cuts Apple price target to $205 from $220。"We are concerned about mobile phone inventory.。He believes smartphone sales growth has peaked.。

Since last year, smartphone makers, including Apple, have been facing a slowdown in demand.。Even during the holiday season late last year, Apple's sales fell short of Wall Street expectations.。

In China, Apple's second-largest market, Huawei, Xiaomi and other manufacturers continue to attack high-end smartphones, and Apple's market share is being eroded, further exacerbating Apple's sales woes。In addition, Kumar believes that Apple may face more resistance under the influence of the patent dispute of the new Apple Watch and the strong dollar。

Increase or decrease in institutional holdings

According to the HKEx, on December 29, FMR LLC reduced its holdings of Gloria Young 1.560,000 shares at a price of 88 per share.HK $3,987, total reduction of approximately 137.HK $90,000。The latest number of shares held after the reduction is about 385..710,000 shares, with a change in shareholding to 130,000.99%。

On December 29, JPMorgan reduced its holdings of Weichai Power 355.04.99 million shares at a price of 12.HK $9,837, total reduction of approximately 4,609.HK $860,000。The latest number of shares held after the reduction is about 1..1.4 billion shares, with the shareholding ratio changed to 5.88%。

On Jan. 2, U.S. capital groups increased their holdings in China's 38.210,000 shares at a price of 72 per share.HK $8,817, total increase of approximately 2,784.HK $810,000。The latest number of shares held after the increase is 588..660,000 shares, with the shareholding ratio changed to 5.06%。

New Stock News

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