---
title: "Hong Kong Stock Market Intraday | Hang Seng TECH Index leads in gains, Alibaba and Baidu drive technology stocks, Guofu Hydrogen Energy and other individual stocks surge significantly"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/266467540.md"
description: "Hong Kong stocks rebounded across the board, with the Hang Seng Index, Hang Seng TECH Index, and Hang Seng China Enterprises Index all slightly higher. The hardware sector adjusted, with Xiaomi Group showing a significant decline, while Alibaba and Baidu led the gains, driving the internet technology sector stronger. Funds focused on the technology main line and new energy concepts, with some high-growth stocks experiencing strong rallies, maintaining a differentiated market pattern. Continuous improvement in macroeconomic data has boosted market confidence, supporting the rotation of structural funds"
datetime: "2025-11-19T02:33:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/266467540.md)
  - [en](https://longbridge.com/en/news/266467540.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/266467540.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/266467540.md) | [繁體中文](https://longbridge.com/zh-HK/news/266467540.md)


# Hong Kong Stock Market Intraday | Hang Seng TECH Index leads in gains, Alibaba and Baidu drive technology stocks, Guofu Hydrogen Energy and other individual stocks surge significantly

**Market Overview**

▪ On November 19, during intraday trading, the three major indices of the Hong Kong stock market rose together, with the Hang Seng Index up 0.17% at 25,973.97 points; the Hang Seng China Enterprises Index up 0.43% at 9,214.31 points; and the Hang Seng TECH Index up 0.08% at 5,650.01 points.

▪ As of the time of writing, 850 stocks in Hong Kong rose, 882 fell, and 1,392 were flat, indicating a clear structural market differentiation.

▪ Funds are preferentially gathering towards leading stocks and active sectors, with increased attention on technology and new energy sectors.

**Sector Performance**

▪ The hardware, storage, and peripherals sectors saw a slight decline, affected by slowing demand and rising risk aversion among investors. Xiaomi Group fell 3.24%, with a transaction volume of HKD 7.511 billion, becoming a major focus for short sellers. Jefferies lowered Xiaomi's target price to HKD 49.21 due to lower-than-expected EBITDA in the third quarter and increased operating expenses affecting profitability, catalyzing sector adjustments. Lenovo Group slightly declined by 0.31%, with a transaction volume of HKD 685 million, following the sector's adjustment. Legend Holdings fell by 0.21%.

▪ The retail sector retreated due to insufficient consumer momentum. Alibaba rose against the trend by 1.81%, with a transaction volume of HKD 4.063 billion, demonstrating the core leader's ability to attract funds. JD.com remained flat with a transaction volume of HKD 306 million, while Miniso fell slightly by 0.29%. The market holds a wait-and-see attitude towards consumer-related sectors, with institutions favoring core e-commerce leaders.

▪ The internet content and information sector fluctuated narrowly, with significant performance differentiation. Tencent Holdings rose by 0.48%, with a transaction volume of HKD 2.243 billion, while Baidu rose by 1.97%, with a transaction volume of HKD 705 million, significantly outperforming the sector index, reflecting a willingness to allocate funds. Kuaishou fell by 1.47%, with increasing divergence in market views on its growth potential, leading to intensified internal differentiation within the sector.

**Macroeconomic Background**

▪ Recently, macro data from the Hong Kong stock market has shown bright performance, with import and export year-on-year rates reaching 11.5% and 14.5%, respectively, indicating a recovery trend in external demand. Retail sales are steadily increasing, the year-on-year CPI remains low, and the unemployment rate is stable, with manufacturing PMI continuing to expand. Ample foreign exchange reserves and a moderate recovery in fundamentals provide bottom support for the market, helping to restore investment confidence.

**Popular Stocks**

▪ Guofu Hydrogen Energy rose by 8.49%, with a transaction volume of HKD 238 million, making it the most actively traded stock with the largest intraday increase, as funds chase the new energy theme.

▪ Yangtze Optical Fibre and Cable rose by 7.24%, with a transaction volume of HKD 549 million, driven by sector prosperity and growth logic.

▪ China Shangcheng rose by 3.03%, with a transaction volume of HKD 18 million, attracting short-term fund attention and increasing market trading heat.

▪ Shandong Molong rose by 1.22%, with a transaction volume of HKD 53 million, amplifying fluctuations in new energy equipment chain stocks.

▪ Longpan Technology rose by 1.04%, with a transaction volume of HKD 96 million, favored by the market for its high-end manufacturing attributes **Market Trading Volume TOP10**

▪ Xiaomi Group -W (1810.HK): down 3.24%, trading volume HKD 7.511 billion, latest price HKD 39.46

▪ Alibaba -W (9988.HK): up 1.81%, trading volume HKD 4.063 billion, latest price HKD 157.40

▪ Tencent Holdings (700.HK): up 0.48%, trading volume HKD 2.243 billion, latest price HKD 626.50

▪ SMIC (981.HK): down 0.47%, trading volume HKD 1.016 billion, latest price HKD 73.65

▪ Hua Hong Semiconductor (1347.HK): up 1.00%, trading volume HKD 981 million, latest price HKD 81.05

▪ XPeng -W (9868.HK): up 1.86%, trading volume HKD 943 million, latest price HKD 87.55

▪ Ganfeng Lithium (1772.HK): up 5.04%, trading volume HKD 881 million, latest price HKD 61.45

▪ Baidu -SW (9888.HK): up 1.97%, trading volume HKD 705 million, latest price HKD 113.60

▪ Pop Mart (9992.HK): down 1.42%, trading volume HKD 702 million, latest price HKD 208.40

▪ Lenovo Group (992.HK): down 0.41%, trading volume HKD 685 million, latest price HKD 9.63

### Related Stocks

- [XIAOMI-W (01810.HK)](https://longbridge.com/en/quote/01810.HK.md)
- [BABA-W (09988.HK)](https://longbridge.com/en/quote/09988.HK.md)
- [TENCENT (00700.HK)](https://longbridge.com/en/quote/00700.HK.md)
- [SMIC (00981.HK)](https://longbridge.com/en/quote/00981.HK.md)
- [HUA HONG SEMI (01347.HK)](https://longbridge.com/en/quote/01347.HK.md)
- [Alibaba Group Holding Limited (BABA.US)](https://longbridge.com/en/quote/BABA.US.md)
- [Hang Seng TECH Index (STECH.HK)](https://longbridge.com/en/quote/STECH.HK.md)
- [BIDU-SW (09888.HK)](https://longbridge.com/en/quote/09888.HK.md)
- [Baidu, Inc. (BIDU.US)](https://longbridge.com/en/quote/BIDU.US.md)

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