Lenovo hits 3-week peak after 6.9 bln yuan sales in shopping festival

NetEase

19/06/2024 06:16

** Shares of Lenovo Group  0992.HK  jump 6.7% to HK$11.82,
on track for their biggest one-day gain since May 27 if trend
holds
    ** Stock top gainer in Hang Seng Index  .HSI  and third
biggest gainer in Hang Seng Tech Index  .HSTECH 
    ** Lenovo says on its official blog that its sales across
the entire online network during this year's 618 Shopping
Festival exceeded 6.9 bln yuan ($950.95 mln) 
    ** Sentiment on tech stocks also lift after China securities
regulator said it will publish fresh measures to deepen reform
of Shanghai's tech-focused STAR market, as part of efforts to
improve listed company quality and attract long-term capital
    ** Hong Kong shares of Bilibili  9626.HK  jump 13.3% to
HK$137.40, highest since Aug. 9, 2023
    ** SenseTime  0020.HK  surges 9% while Alibaba Health
 0241.HK  and NetEase  9999.HK  up 4.1% and 2.1% respectively 
    ** In China, the blue-chip CSI 300 Index  .CSI300  slips
0.4% and information technology shares  .CSIINT  eases 1%
    ** In Hong Kong, Hang Seng Tech Index  .HSTECH  and Hang
Seng Index  .HSI  both rise 1.9%
    ** Lenovo stock up 7.7% YTD  


($1 = 7.2559 Chinese yuan renminbi)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))