Market Overview
▪ In the Hong Kong stock market, the three major indices continue to rebound.
▪ As of now, the Hang Seng Index is at 25,971.85 points, up 1.73%, with an overall upward trend.
▪ The Hang Seng Tech Index also shows a significant increase during the session, currently at 5,638.17 points, up 1.87%.
▪ The National Enterprises Index is reported at 9,073.15 points, up 1.55%, continuing its short-term upward trend.
Sector Performance
▪ The retail sector is generally rising during the session, driven by stable domestic demand and the recovery of consumption momentum, with noticeable market capital inflow. Alibaba -W is up 2.06%, Miniso is up 3.06%, and JD.com -SW is up 0.96%. All three have active trading, leading the rebound in consumer stocks and becoming a key focus for capital, reflecting the market's recognition of resilient performance leaders under the logic of consumption recovery.
▪ The technology sector continues to oscillate at high levels and overall rises, with the Hang Seng Tech Index up 1.87%. Major tech stocks like Xiaomi Group -W and Meituan -W are up 2.51% and 1.38%, respectively, boosting overall sector sentiment. Some core assets are receiving inflows from major funds, with leading tech growth stocks repeatedly active within the high range.
Macroeconomic Background
▪ The consumption side continues to recover, with Hong Kong's retail sales volume year-on-year rising to 5.3% in October. The recovery of the mainland economy and the increase in residents' consumption willingness are important macro factors supporting the current market trend, also providing a positive impact on Hong Kong stock liquidity and the performance of the Hang Seng Index. Trade and foreign exchange reserves remain important variables for future market attention, with the overall macro environment leaning towards favorable conditions.
Popular Stocks
▪ JOINN is up 16.26% during the session, with a trading volume of HKD 43.3478 million. Despite no significant recent news, rapid capital inflow during the session has driven the stock price higher, indicating active short-term trading and market sentiment chasing high-elasticity pharmaceutical stocks.
▪ Dongfang Electric is up 15.42% during the session, with a trading volume of HKD 88.6861 million. The stock has shown unusual movements, possibly influenced by capital speculation, becoming one of the trading hotspots during the session.
▪ Cybernaut International Holdings is up 28.00%, with a trading volume of HKD 0.9428 million. Concentrated capital inflow has driven a short-term surge, making it one of the most active high-elasticity small-cap stocks in the market.
▪ Zhongqingbao is up 16.18% during the session, with a trading volume of HKD 13.6357 million, showing a significant increase in trading heat.
▪ ChaoYue Holdings is up 25.00% during the session, with a trading volume of HKD 0.4284 million, with noticeable short-term capital inflow and prominent characteristics of thematic rotation within the sector.
Market Trading Volume TOP10
▪ Alibaba -W (9988.HK) is up 2.06%, with a trading volume of HKD 8.011 billion, latest trading price at HKD 153.70.
▪ Tencent Holdings (700.HK) is up 1.75%, with a trading volume of HKD 6.397 billion, latest trading price at HKD 612.00.
▪ Xiaomi Group -W (1810.HK) is up 2.51%, with a trading volume of HKD 5.524 billion, latest trading price at HKD 43.24
▪ Meituan-W (3690.HK) rose by 1.38%, with a transaction amount of HKD 4.512 billion, and the latest transaction price is HKD 102.90.
▪ SMIC (981.HK) rose by 1.56%, with a transaction amount of HKD 3.145 billion, and the latest transaction price is HKD 68.20.
▪ HSBC Holdings (5.HK) rose by 3.25%, with a transaction amount of HKD 3.069 billion, and the latest transaction price is HKD 117.70.
▪ Ping An Insurance (2318.HK) rose by 3.58%, with a transaction amount of HKD 2.757 billion, and the latest transaction price is HKD 63.70.
▪ Hua Hong Semiconductor (1347.HK) fell by 0.21%, with a transaction amount of HKD 2.574 billion, and the latest transaction price is HKD 72.25.
▪ China Life Insurance (2628.HK) rose by 5.29%, with a transaction amount of HKD 1.994 billion, and the latest transaction price is HKD 28.24.
▪ Yangtze Optical Fibre and Cable (6869.HK) rose by 7.34%, with a transaction amount of HKD 1.918 billion, and the latest transaction price is HKD 47.10

The three major indices of the Hong Kong stock market rebounded across the board, with the Hang Seng Index and the Hang Seng Tech Index showing solid performance, while the National Enterprises Index continued its upward trend. The retail sector collectively surged, driven by the recovery in consumption, with Alibaba and Miniso standing out with significant gains, becoming the focus of market funds. The warming consumer data and improving macroeconomic conditions continued to support market sentiment, with notable movements in popular stocks such as JOINN, Dongfang Electric, and Cybernaut International Holdings. The activity of leading technology and consumer stocks boosted the overall market, with high trading volumes in heavyweight stocks reflecting sustained inflows into quality leaders

- The Hong Kong stock market shows a continued rebound, with the Hang Seng Index up 1.73% at 25,971.85 points.  
- Retail and technology sectors are performing well, driven by stable domestic demand and a recovery in consumer spending, with notable gains in stocks like Alibaba and Xiaomi.  
- Macroeconomic factors, including a 5.3% year-on-year increase in retail sales, support the positive market sentiment, while trade and foreign exchange reserves remain key variables for future market focus.

Market Heartbeat

JOINN

Miniso

MNSO

BABA-W

JD-SW

XIAOMI-W

MEITUAN

DONGFANG ELEC

CYBERNAUT INT'L

ZONQING LTD

BONJOUR HOLD

TENCENT

SMIC

Hong Kong stocks intraday | All three major indices rebounded, with the Hang Seng Index rising 1.73%, led by retail and technology giants