Market Overview
▪ On December 4th, the Hong Kong stock market closed with the Hang Seng Index at 25,935.9 points, up 0.68% for the day, slightly retreating from the peak on December 2nd, maintaining a high-level oscillation in the short term.
▪ The Hang Seng Tech Index closed at 5,615.43 points, with an increase of 1.45%, still slightly below the previous high on December 2nd, and the sector remains relatively active.
▪ The China Enterprises Index closed at 9,106.48 points, up 0.86%, also failing to refresh the recent high, showing overall stable performance.
▪ All three major indices closed higher, but none reached recent new highs, with market sentiment leaning towards positivity and clear signs of sector rotation.
Sector Performance
▪ The internet content and information sector saw a moderate rise, driven by active capital in leading companies. Tencent Holdings rose slightly by 0.16%, with a trading volume of HKD 9.33 billion, continuing to attract capital attention amid high-level fluctuations. Kuaishou-W increased by 0.15%, with a trading volume of HKD 1.956 billion, reflecting industry prosperity. Baidu-SW rose by 1.05%, with a trading volume of HKD 1.047 billion, forming a resonant upward pattern among leading internet content companies.
▪ The retail sector showed significant divergence, with changes in consumer demand constraining overall performance. Alibaba-W rose by 0.52%, with a trading volume of HKD 8.772 billion, maintaining stable capital flow. JD-SW also increased by 0.52%, with a trading volume of HKD 1.038 billion. Miniso fell by 1.17%, but with a trading volume of HKD 0.089 billion, indicating capital divergence within the sector, with a preference for stable leading companies.
▪ The hardware, storage, and peripherals sector rose overall, showing the most remarkable performance. Capital concentrated in Xiaomi Group-W, driving market enthusiasm. Xiaomi Group-W surged by 4.38%, with a trading volume of HKD 7.726 billion, becoming the focus of the market, with clear capital chasing. Lenovo Group rose by 0.61%, with a trading volume of HKD 0.534 billion, showing a tilt of capital towards core targets. Lenovo Holdings slightly fell by 0.32%. The sustained capital activity in the hardware sector provides structural opportunities for the market.
Macroeconomic Background
▪ Recently, the Hong Kong stock market has shown mild fluctuations, with macro indicators such as retail and exports dominating, as investors focus on the strength of economic recovery and consumption trends. The pace of major macro data releases has slowed, making sector rotation and liquidity changes the focal points of capital speculation in the short term. The stability of the macro environment provides bottom support for the market, driving continuous sector rotation.
Popular Stocks
▪ Chuangda Electric Group Holdings (1750.HK) rose by 29.63%, with a trading volume of HKD 4.7188 million. The company showed significant movement, with a strong surge attracting rapid inflow of short-term capital, intensifying capital speculation and becoming a short-term focus of the market.
▪ Deutsche Bank Tianxia (2418.HK) rose by 21.70%, with a trading volume of HKD 25.8833 million. Driven by capital, the company's stock price surged significantly, with no public news disclosed, primarily driven by short-term speculative capital, enhancing activity
▪ DaSen Holdings (1580.HK) rose 14.63%, with a trading volume of HKD 56.4 million, showing significant capital inflow. The market is paying attention to its fundamentals and short-term performance, with increasing interest.
▪ HeFeng Group (2320.HK) rose 15.07%, with a trading volume of HKD 50.12 million. Structural opportunities within the sector are highlighted, boosting overall market sentiment, and the company's unusual movements attract attention.
▪ JinLi Group (3919.HK) rose 14.16%, with a trading volume of HKD 105.3 million, showing active capital. Sector rotation brings some strong high-elasticity stocks.
Market Trading Volume TOP10
▪ Tencent Holdings (700.HK) closing price HKD 612, up 0.16%, trading volume HKD 9.33 billion
▪ Alibaba -W (9988.HK) closing price HKD 154.4, up 0.52%, trading volume HKD 8.772 billion
▪ Xiaomi Group -W (1810.HK) closing price HKD 41.98, up 4.38%, trading volume HKD 7.726 billion
▪ Meituan -W (3690.HK) closing price HKD 98.1, up 2.29%, trading volume HKD 4.877 billion
▪ SMIC (981.HK) closing price HKD 69.8, up 3.87%, trading volume HKD 3.465 billion
▪ Zijin Mining (2899.HK) closing price HKD 33.2, up 1.28%, trading volume HKD 2.308 billion
▪ HuaHong Semiconductor (1347.HK) closing price HKD 76.25, up 3.11%, trading volume HKD 2 billion
▪ WuXi Biologics (2269.HK) closing price HKD 32.94, up 7.09%, trading volume HKD 1.991 billion
▪ Kuaishou -W (1024.HK) closing price HKD 67.5, up 0.15%, trading volume HKD 1.956 billion
▪ Horizon Robotics -W (9660.HK) closing price HKD 8.29, up 6.97%, trading volume HKD 1.834 billion

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On December 4th, the three major indices of the Hong Kong stock market collectively closed higher, with the Hang Seng Index and the Hang Seng Tech Index performing prominently, showing significant sector rotation. Funds were active in the technology and hardware sectors, with Xiaomi Group leading the charge and boosting market sentiment, while the retail sector exhibited structural differentiation. The market experienced mild fluctuations, with investors continuing to focus on economic recovery and consumer momentum

- On December 4, the Hong Kong stock market saw the Hang Seng Index close at 25,935.9, up 0.68%, while the Hang Seng Tech Index rose 1.45%.  
- The market exhibited positive sentiment with significant sector rotation, particularly in hardware and storage, highlighted by Xiaomi's 4.38% increase.  
- Notable individual stock movements included a 29.63% rise in Fulltech Electric Group, driven by increased short-term trading activity.

Market Heartbeat

TENCENT

BABA-W

XIAOMI-W

MEITUAN

SMIC

CSOP HS TECH

Xiaomi Corporation

HSTECH ETF

Hang Seng TECH Index

Hong Kong stocks close | Hang Seng Index rises 0.68%, technology index leads, Xiaomi Group surges 4.38% leading the hardware sector