Hong Kong Stock Market Intraday | The Hang Seng Index maintains high-level fluctuations, SEM HLDGS surges 278.64%, retail sector sees active capital

Market Overview

▪ The Hong Kong stock market is experiencing fluctuations and consolidation. As of now, the Hang Seng Index is at 25,745.77, down 0.06%, failing to extend yesterday's high, and still operating above the recent range, with short-term bullish and bearish forces balanced.

▪ The Hang Seng Tech Index is currently at 5,550.52, up 0.28%, not breaking through the peak on December 2, with the momentum for new highs slowing down, maintaining an overall high-level oscillation trend.

▪ The China Enterprises Index is currently at 9,036.32, with an increase of 0.09%, still having room to reach a new peak. Market sentiment is leaning towards cautious observation, with clear rotation of hot spots.

Sector Performance

▪ The retail sector is relatively weak, showing an overall downward trend. Although the capital flow in the sector is cautious, there is significant internal differentiation among individual stocks, with some leading stocks attracting short-term capital attention, indicating structural trading opportunities in the market.

▪ In terms of leading stocks, SEM HLDGS rose by 278.64%, becoming the focus of the entire market and driving some small-cap stocks to strengthen, showing active speculative capital. Others like China Metal Resources and Plateau Treasure also saw significant increases, but the speed of capital rotation is fast, creating a strong short-term speculative atmosphere overall.

▪ In terms of trading activity, leading tech and internet stocks like Tencent Holdings and Alibaba -W show differentiated capital flows, with main funds mostly on the sidelines, while more short-term funds are shifting towards more volatile small and mid-cap or thematic concept stocks.

Macroeconomic Background

▪ As of early December, there is limited macro data disclosure in the Hong Kong stock market. Retail sales remain a continuous focus for the market, and further publication of consumer data will directly impact sector heat and capital risk appetite. The current window period for macro indicators makes investors' operations more cautious, with structural opportunities becoming the main line.

Popular Stocks

▪ SEM HLDGS (9929.HK) rose by 278.64%, with a trading volume of HKD 49.4549 million. The company has no significant fundamental news, but is driven by short-term speculative capital, with a large volume on a single day, becoming the most volatile popular stock in the market, attracting a large amount of short-term capital.

▪ China Metal Resources (1636.HK) rose by 17.19%, with a trading volume of HKD 60.8 million. There are no obvious favorable news in the market, and capital prefers short-term high-volatility targets, significantly increasing in heat.

▪ Plateau Treasure (8402.HK) rose by 13.85%, with a trading volume of HKD 79.85 million. It still belongs to the theme of rapid capital flow-driven increases, significantly affected by capital speculation effects.

▪ Xinneng Low Carbon (145.HK) rose by 10.06%, with a trading volume of HKD 94.24 million, as an active target within the sector, its trend aligns with the overall short-term market preference.

▪ Shetu Holdings (8392.HK) rose by 12.77%, with a trading volume of HKD 26.5 million. Despite its small market capitalization, capital inflow is evident, with participation heat higher than that of stocks at the same level.

Market Trading Volume TOP10

▪ Tencent Holdings (700.HK) latest trading price is HKD 609, down 0.33%, with a trading volume of HKD 3.119 billion ▪ Alibaba -W (9988.HK) latest transaction price HKD 153.5, down 0.07%, transaction amount HKD 2.679 billion

▪ Xiaomi Group -W (1810.HK) latest transaction price HKD 41.26, up 2.59%, transaction amount HKD 2.042 billion

▪ Meituan -W (3690.HK) latest transaction price HKD 97.45, up 1.62%, transaction amount HKD 1.217 billion

▪ Zijin Mining (2899.HK) latest transaction price HKD 33.56, up 2.38%, transaction amount HKD 948 million

▪ XPeng -W (9868.HK) latest transaction price HKD 74.05, down 1.79%, transaction amount HKD 713 million

▪ Kuaishou -W (1024.HK) latest transaction price HKD 66.85, down 0.82%, transaction amount HKD 640 million

▪ SMIC (981.HK) latest transaction price HKD 67.8, up 0.89%, transaction amount HKD 629 million

▪ China Hongqiao (1378.HK) latest transaction price HKD 33.06, up 0.36%, transaction amount HKD 619 million

▪ Jingtai Holdings (2228.HK) latest transaction price HKD 9.03, down 3.32%, transaction amount HKD 619 million