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HK Close | Three Major Indexes Close Higher; Kuaishou Plunges 11%, Biopharma Stocks Surge with EVEREST MED Soaring Over 41%

Tiger Newspress08-20 16:11

Market Overview

The Hong Kong market closed in positive territory on Aug 20. The Hang Seng Index (HSI) finished at 25,698.49, up 0.80% (▲ 203.42 points). The Hang Seng China Enterprises Index (HSCEI) ended at 8,547.84, up 0.90%, while the technology-heavy Hang Seng Tech Index (HSTECH) settled at 4,700.53, rising 0.39%. The broader Hang Seng Composite Index (HSCCI) closed at 4,210.87, up 1.39%, signalling a constructive session for mid- and small-cap names.

Total market turnover reached HKD 260.79 billion, indicating active participation across sectors. Buyers focused on pharmaceuticals, homebuilding and gold-related counters, offsetting pressure from select internet and consumer names.

Sector Performance

Large-cap Tech Stocks

Tech bellwethers delivered mixed closes: TENCENT +0.94% to HKD 451.40, BABA-W +1.61% to HKD 126.20 and LI AUTO-W +5.53% to HKD 50.55 edged higher, while KUAISHOU-W ‑11.01% to HKD 33.64 and MEITUAN-W ‑1.38% to HKD 85.85 weighed on the space.

Top Performing Sectors

  • Homebuilding +10.88%

  • Leisure Facilities +10.73%

  • Gold +8.47%

Bottom Performing Sectors

  • Paper Products ‑12.63%

  • Electronic Manufacturing Services ‑2.31%

  • Metal & Glass Containers ‑2.26%

Top 10 Gainers in Hong Kong Market Today

Stock Name

Ticker

Price (HKD)

Daily Change

EVEREST MED

01952

33.66

41.43%

METIS TECHBIO-P

07666

15.00

27.99%

DIAGENS-B

02526

421.80

27.05%

EASY SMART GP

02442

92.90

21.36%

HAIZHI TECH GP

02706

44.60

15.19%

GENSCRIPT BIO

01548

33.36

13.62%

SBP GROUP

01177

5.39

12.53%

HBM HOLDINGS-B

02142

16.30

12.49%

INSILICO

03696

44.20

12.13%

XTALPI

02228

8.04

11.27%

Filter: Market cap>HKD10B

Top 10 Losers in Hong Kong Market Today

Stock Name

Ticker

Price (HKD)

Daily Change

ND PAPER

02689

6.58

-16.80%

KUAISHOU-WR

81024

28.82

-11.10%

KUAISHOU-W

01024

33.64

-11.01%

HENGRUI PHARMA

01276

49.66

-9.63%

PA GOODDOCTOR

01833

6.58

-7.71%

LDROBOT

01236

37.32

-6.70%

TIMES ELECTRIC

03898

32.52

-6.34%

AAC TECH

02018

39.12

-6.10%

KINGSOFT

03888

24.04

-5.95%

HENGAN INT'L

01044

22.70

-5.89%

Filter: Market cap>HKD10B

Closing Summary

The Hong Kong equity market achieved moderate gains, with the benchmark HSI rising 0.80% and turnover at HKD 260.79 billion. Investor focus gravitated toward sectors benefiting from policy support and commodity strength, enabling the broader HSCEI and HSCCI to register comparable lifts. Buying interest was sufficient to outweigh pockets of weakness in select internet platforms and consumer names.

Among large-cap technology constituents, performance diverged. Strength in LI AUTO-W (+5.53%), TENCENT (+0.94%) and BABA-W (+1.61%) helped the HSTECH edge higher, but heavy selling in KUAISHOU-W (-11.01%) and softness in MEITUAN-W (-1.38%) capped overall sector gains.

Health-care and biotech names dominated the leader board. EVEREST MED (+41.43%), METIS TECHBIO-P (+27.99%) and DIAGENS-B (+27.05%) surged, echoing strong appetite highlighted in intraday media reports of robust interest in pharma counters. Conversely, KUAISHOU and pulp producer ND PAPER (-16.80%) featured among the steepest decliners, reflecting idiosyncratic pressures on internet entertainment and paper product industries.

Sector-wise, the Homebuilding (+10.88%), Leisure Facilities (+10.73%) and Gold (+8.47%) groups led advances. The gold rally aligned with media coverage citing lower U.S. yields, while strong moves in homebuilding and leisure names underpinned domestic recovery expectations. On the downside, Paper Products (-12.63%) and Electronic Manufacturing Services (-2.31%) lagged, mirroring the sharp fall in ND PAPER and select hardware suppliers.

Sources: Public market data, summarized media reports

Disclaimer: This content is for reference only and does not constitute investment advice.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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