Hong Kong Stock Midday Review | Hang Seng Index rose 0.62% in the morning session, with the non-ferrous metals sector gaining

Zhitong
2025.07.02 04:06

The Hong Kong Hang Seng Index rose 0.62% in the morning session, reporting 24,220 points, with a turnover of HKD 135.2 billion. Copper prices are strong, and institutions are optimistic about copper mining stocks, which are generally rising. Domestic bank stocks rose broadly, with MINSHENG BANK up 4.72%. Solar photovoltaic stocks rose across the board due to production cut news, with FLAT GLASS up 8.4%. NAYUKI surged over 35%, and Guoquan rose over 18%. Li Auto fell another 2.4%

According to Zhitong Finance APP, the Hang Seng Index rose 0.62%, up 148 points, reporting at 24,220 points; the Hang Seng Tech Index fell 0.27%. The Hong Kong stock market had a turnover of HKD 135.2 billion in the morning session.

Recently, copper prices have been strong, and institutions are optimistic that copper prices are more likely to rise than fall. Copper mining stocks generally rose, with China Nonferrous Mining (01258) up 2%; Zijin Mining (02899) up 2.99%; Jiangxi Copper (00358) up 2.36%.

Luoyang Molybdenum (03993) rose 4.14% to a new high, with Bank of America stating that the surge in cobalt prices offsets the impact of the extended cobalt export ban.

Most gold stocks rose, with Shandong Gold (01787) up 6.24% breaking a record, and Zijin Mining (02899) rising over 2.99%.

Domestic bank stocks rose broadly in the morning session, with insurance funds intensively increasing their stakes in bank stocks this year. Institutions claim that H-share banks are more attractive than A-share banks. Minsheng Bank (01988) rose 4.72%; CITIC Bank (00998) rose 2.54%; China Construction Bank (00939) rose 3.16%.

The news of reduced production of photovoltaic glass is confirmed, with institutions stating that continuous losses are driving the industry to accelerate the elimination of backward production capacity. Photovoltaic stocks rose across the board, with FLAT GLASS (06865) up 8.4%; Xinyi Solar (00968) up 7.63%.

NAYUKI (02150) surged over 35%, with double-digit growth in order volume for two consecutive months, and institutions claim it still has considerable growth potential.

Guoquan (02517) rose over 18%, planning to invest HKD 490 million to build a food production base in Hainan, with institutions stating that the company's same-store sales have warmed up.

Luk Fook Holdings (00590) rose 3.99%, with institutions stating that the operational performance in the second half of the 2025 fiscal year exceeded expectations, and the company will resume store expansion.

JACOBUS-B (01167) rose over 7%, with JAB-23E73 completing the first patient dosing in the I/IIa clinical trial in the United States.

Li Auto-W (02015) fell another 2.4%, with June delivery volume down 24% year-on-year, having previously lowered its guidance for the second quarter

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