24th December 2024 – (Hong Kong) On Christmas Eve, the Hong Kong stock market exhibited a positive trend, with the Hang Seng Index opening 28 points higher at 19,911. The index surged by as much as 134 points, reaching a peak of 20,018 before settling at 19,990, reflecting an increase of 107 points or 0.54%. The National Enterprises Index rose by 50 points, or 0.69%, to 7,264, while the Technology Index gained 17 points, or 0.38%, to 4,475. Total turnover on the main board amounted to HK$16.1 billion.
Tech stocks displayed mixed results. Tencent fell by 0.2%, while Alibaba experienced a notable rise of 2.1%. Meituan declined by 0.8%, Xiaomi Group increased by 0.9%, JD.com rose by 1%, and Kuaishou dropped by 0.2%.
The financial sector showed varied performance. HSBC Holdings edged down by 0.1%, while AIA Group advanced by 1.6%, China Ping An increased by 0.7%, and Hong Kong Exchanges and Clearing rose by 0.4%. Following a lower opening, the previously strong-performing banks recovered, with China Construction Bank up by 0.6% and Industrial and Commercial Bank of China up by 0.7%.
Shipping stocks continued their upward momentum, with Orient Overseas International Limited rising by 4.4%, China COSCO Holdings gaining 1.9%, and COSCO Shipping Energy increasing by 0.6%.
