Market Overview
▪ The main indices of the Hong Kong stock market closed significantly higher today.
▪ The Hang Seng Index closed at 25,976.79 points, up 1.75%, strongly rebounding after several days of fluctuations this week.
▪ The Hang Seng Tech Index closed at 5,638.05 points, rising 1.87%.
▪ The National Enterprises Index closed at 9,079.35 points, up 1.62%.
Sector Performance
▪ The retail sector performed excellently today, with key stocks driving the sector's rise. Alibaba -W rose 2.32%, and Miniso increased by 2.73%, reflecting that the consumer sector gained attention due to the rebound in retail sales growth, with leading stocks receiving incremental capital inflows, boosting the overall positive atmosphere in the consumer sector, favoring mainstream leaders.
▪ The internet content and information sector led the market. Sector leader Tencent Holdings rose 2.41%, and Kuaishou -W increased by 1.05%. Additionally, Zhiyuan Technology surged 10.76%, and Meitu rose 6.69%. The sector was driven by market speculation and active capital, with investor sentiment being positive. Significant capital flowed into the content sector, reinforcing its short-term popularity, reflecting an increase in capital risk appetite.
▪ The hardware, storage, and peripherals sector overall strengthened, with leading company China Baoli Technology rising 8.96%, and Lenovo Group increasing by 2.54%. The sector attracted capital inflows driven by market demand, with strong performers continuing to excel, and leading companies receiving concentrated capital allocation, boosting overall sector activity.
Macroeconomic Background
▪ Recently, the Hong Kong stock market has focused on the rebound in retail sales growth, with the year-on-year retail sales volume in October rising from the previous value of 4.8% to 5.3%. The recovery in consumption has become the core driving force of the economy, and this data directly boosted the active performance of the consumer sector. The market will continue to pay attention to the guiding role of consumption and employment data on the overall market trend.
Popular Stocks
▪ JOINN (6127.HK) rose 19.75%, with a trading volume of HKD 524.57 million. The company's stock price showed strong fluctuations, attracting significant capital interest, becoming the leader in the pharmaceutical sector for the day, with market enthusiasm concentrated.
▪ Dongfang Electric (1072.HK) rose 13.59%, with a trading volume of HKD 1,090.16 million. The large-cap central enterprise performed outstandingly, attracting significant main capital support, with the power equipment theme receiving positive attention.
▪ CYBERNAUT INT'L (1020.HK) surged 26.40%, with a trading volume of HKD 12.16 million. Small and medium-cap growth stocks were heavily speculated, continuously rising, with ample liquidity during the session.
▪ Junyu Foundation (1757.HK) rose 25.53%, with a trading volume of HKD 12.16 million. Small stocks related to engineering construction rose, with active capital inflows and outflows during the session, reflecting active short-term sentiment.
▪ Lion King Holdings (2562.HK) rose 14.55%, with a trading volume of HKD 292.12 million. The stock received significant attention from short-term capital, with overall trading volume increasing and impressive performance during the session.
Market Trading Volume TOP10
▪ Alibaba -W (9988.HK) latest transaction price HKD 154.10, increase 2.32%, transaction amount HKD 13.54 billion
▪ Tencent Holdings (700.HK) latest transaction price HKD 616.00, increase 2.41%, transaction amount HKD 10.872 billion
▪ Xiaomi Group -W (1810.HK) latest transaction price HKD 42.96, increase 1.85%, transaction amount HKD 10.495 billion
▪ Meituan -W (3690.HK) latest transaction price HKD 102.40, increase 0.89%, transaction amount HKD 8.775 billion
▪ Ping An Insurance (2318.HK) latest transaction price HKD 63.75, increase 3.66%, transaction amount HKD 4.298 billion
▪ SMIC (981.HK) latest transaction price HKD 67.70, increase 0.82%, transaction amount HKD 4.013 billion
▪ HSBC Holdings (5.HK) latest transaction price HKD 117.30, increase 2.89%, transaction amount HKD 3.910 billion
▪ NetEase -S (9999.HK) latest transaction price HKD 218.40, increase 4.20%, transaction amount HKD 3.238 billion
▪ Hua Hong Semiconductor (1347.HK) latest transaction price HKD 71.90, decrease 0.69%, transaction amount HKD 2.972 billion
▪ China Life Insurance (2628.HK) latest transaction price HKD 28.30, increase 5.52%, transaction amount HKD 2.712 billion

Hong Kong stocks closed higher today, with all three major indices rising. The Hang Seng Index surged 1.75%, boosting overall market sentiment. Funds focused on technology, hardware, and internet content sectors, with industry leaders performing exceptionally well. Retail data showed signs of recovery, stimulating a moderate rebound in the consumer sector, which attracted significant capital in both consumer and technology directions. Popular stocks such as JOINN and CYBERNAUT INT'L saw substantial gains, driving up market enthusiasm

- The Hong Kong stock market saw significant gains today, with the Hang Seng Index closing at 25,976.79 points, up 1.75%.  
- Retail and internet content sectors led the market, driven by increased consumer spending and investor interest, with notable stocks like Alibaba and Tencent rising.  
- The overall market is focused on the recovery of retail sales, which rose from 4.8% to 5.3% year-on-year in October, indicating a strengthening economic recovery.

LB Select

JOINN

BABA-W

MNSO

TENCENT

KUAISHOU-W

NEWBORNTOWN

MEITU

CHINA BAOLI TEC

LENOVO GROUP

DONGFANG ELEC

AFFLUENT FDN

SYNAGISTICS

XIAOMI-W

MEITUAN

PING AN

CYBERNAUT INT'L

Hong Kong stocks closed | The Hang Seng Index rose 1.75%, with the technology hardware and internet content sectors leading the gains. JOINN and CYBERNAUT INT'L rose over 20%