--- title: "Hong Kong stocks intraday | Index fluctuates and stops falling, internet and consumer sectors rise, G & M HLDGS surges over 40%" type: "News" locale: "en" url: "https://longbridge.com/en/news/269946117.md" description: "The three major indices of the Hong Kong stock market continue to hit new highs during the trading session, with the Hang Seng Index maintaining its strength, the Hang Seng Tech Index remaining at a high level, and the Hang Seng China Enterprises Index also continuing a bullish atmosphere. The internet, retail, and catering sectors performed outstandingly, with leading stocks such as Tencent, Meituan, and Alibaba rising. Macroeconomic retail data boosted domestic demand, market funds were active, and high-quality blue chips were favored. Some popular stocks like G & M HLDGS saw abnormal gains, driving structural hotspots" datetime: "2025-12-17T02:33:05.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/269946117.md) - [en](https://longbridge.com/en/news/269946117.md) - [zh-HK](https://longbridge.com/zh-HK/news/269946117.md) --- # Hong Kong stocks intraday | Index fluctuates and stops falling, internet and consumer sectors rise, G & M HLDGS surges over 40% **Market Overview** ▪ In the Hong Kong stock market, the three major indices opened and stopped falling. ▪ As of now, the Hang Seng Index is at 25,345.27 points, up 0.44%. ▪ The Hang Seng Tech Index is currently at 5,436.26 points, with an increase of 0.62%. ▪ The China Enterprises Index rose to 8,803.94 points during the session, up 0.53%. **Sector Performance** ▪ The internet sector overall maintained an upward trend during the session, with major stocks performing steadily. Tencent Holdings rose 1.17%, with continuous capital inflow, and the trading volume reached HKD 3.562 billion, reflecting a clear preference of capital for leading stocks. Kuaishou-W rose 0.86%, Baidu-SW rose 0.69%, with overall capital attention focused on core blue chips. ▪ Most retail stocks rose, benefiting from improved domestic demand and a rebound in consumer confidence. Alibaba-W rose 0.90%, JD-SW rose 1.26%, and Miniso rose 0.47%. Leading retail companies performed steadily, helping to warm up the sector atmosphere, although capital inflow remained cautious, mainly targeting certain leading varieties. ▪ The restaurant sector showed a mixed performance during the session, with Meituan-W rising by 2.81%, showing a significant leading effect. Haidilao rose 0.68%, while Misu Group fell 1.27%, indicating structural differentiation within the sector, with investors leaning towards high-growth targets. **Macroeconomic Background** ▪ The annual retail sales volume in the Hong Kong stock market continues to grow, with the latest data at 5.3%. This macro data further releases signals of economic recovery, driving enthusiasm for long positions in the domestic demand sector. Overall, consumer confidence is gradually recovering, supporting the strength of related sectors. However, attention should be paid to changes in the external environment and the impact of policies on future market trends. **Popular Stocks** ▪ Changfei Fiber Optic Cable (6869.HK) rose 8.96%, with a trading volume of HKD 953 million, its volatility significantly increased attention on the 5G and fiber optic communication sub-sectors. ▪ WuXi AppTec-B (2617.HK) rose 12.47%, with a trading volume of HKD 100 million. As a pharmaceutical growth stock, capital is chasing short-term elasticity, clearly outperforming peers. ▪ G & M HLDGS (6038.HK) rose 43.48%, with a trading volume of HKD 7.5169 million. It had the largest increase among stocks after the opening, with significant capital inflow, driving short-term market sentiment. ▪ China Real Estate Investment (736.HK) rose 12.68%, with a trading volume of HKD 1.8286 million. Although the trading volume was limited, short-term capital speculation was evident, causing significant price fluctuations. ▪ Quality International (243.HK) rose 36.92%, with a trading volume of HKD 519,000. The strong increase stimulated market chasing sentiment, with prominent short-term trading characteristics, and capital mainly concentrated on market thematic concepts. **Market Trading Volume TOP10** ▪ Tencent Holdings (700.HK) latest trading price is HKD 605.00, with an increase of 1.42%, and a trading volume of HKD 3.562 billion ▪ Alibaba -W (9988.HK) latest transaction price HKD 145.80, up 1.11%, transaction amount HKD 3.035 billion ▪ Meituan -W (3690.HK) latest transaction price HKD 102.90, up 3.42%, transaction amount HKD 1.155 billion ▪ Xiaomi Group -W (1810.HK) latest transaction price HKD 40.94, up 0.10%, transaction amount HKD 1.097 billion ▪ Yangtze Optical Fibre and Cable (6869.HK) latest transaction price HKD 41.78, up 8.86%, transaction amount HKD 954 million ▪ AIA Group (1299.HK) latest transaction price HKD 79.95, up 0.19%, transaction amount HKD 744 million ▪ CNOOC (883.HK) latest transaction price HKD 20.10, down 0.50%, transaction amount HKD 700 million ▪ SMIC (981.HK) latest transaction price HKD 64.05, up 0.95%, transaction amount HKD 648 million ▪ Zijin Mining (2899.HK) latest transaction price HKD 33.26, up 0.97%, transaction amount HKD 588 million ▪ Ganfeng Lithium (1772.HK) latest transaction price HKD 51.30, up 4.52%, transaction amount HKD 532 million ### Related Stocks - [HSCEI.HK](https://longbridge.com/en/quote/HSCEI.HK.md) - [00700.HK](https://longbridge.com/en/quote/00700.HK.md) - [01024.HK](https://longbridge.com/en/quote/01024.HK.md) - [09888.HK](https://longbridge.com/en/quote/09888.HK.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [09618.HK](https://longbridge.com/en/quote/09618.HK.md) - [09896.HK](https://longbridge.com/en/quote/09896.HK.md) - [03690.HK](https://longbridge.com/en/quote/03690.HK.md) - [06862.HK](https://longbridge.com/en/quote/06862.HK.md) - [02097.HK](https://longbridge.com/en/quote/02097.HK.md) - [02617.HK](https://longbridge.com/en/quote/02617.HK.md) - [00736.HK](https://longbridge.com/en/quote/00736.HK.md) - [00243.HK](https://longbridge.com/en/quote/00243.HK.md) - [01810.HK](https://longbridge.com/en/quote/01810.HK.md) - [MPNGY.US](https://longbridge.com/en/quote/MPNGY.US.md) - [TCTZF.US](https://longbridge.com/en/quote/TCTZF.US.md) - [BABA.US](https://longbridge.com/en/quote/BABA.US.md) - [TCEHY.US](https://longbridge.com/en/quote/TCEHY.US.md) - [06038.HK](https://longbridge.com/en/quote/06038.HK.md) ## Related News & Research - [Barclays Sticks to Its Buy Rating for Alibaba (BABA)](https://longbridge.com/en/news/282639893.md) - [Haidilao Chair Plans At Least HK$100 Million Share Purchase to Lift Stake](https://longbridge.com/en/news/282287270.md) - [J.P. Morgan Reaffirms Their Hold Rating on Meituan (MPNGF)](https://longbridge.com/en/news/282408172.md) - [Chinese investment in Brazil pivots from power dams to ice cream, courting consumers](https://longbridge.com/en/news/282414195.md) - [Musk Set to Launch XChat This Week and Challenge WeChat's Super App Status](https://longbridge.com/en/news/282544983.md)