Market Overview
▪ In the Hong Kong stock market, the three major indices continued their upward trend from the morning session, with gains expanding. As of now, the Hang Seng Index is at 25,411.44 points, up 0.7%; the Hang Seng Tech Index is at 5,443.04 points, up 0.75%; and the National Enterprises Index is at 8,832.46 points, up 0.85%.
Sector Performance
▪ The retail sector performed actively during the session, significantly driven by the rebound in A-shares and favorable corporate expansion news. Leading company Alibaba -W rose 1.32%, JD.com -SW rose 1.08%, and Miniso rose 1.65%, showing a steady upward trend overall. The recovery in consumption has driven increased capital attention, with funds flowing towards retail leaders, reflecting market optimism about year-end consumption trends and industry expansion potential.
▪ The internet content and information sector saw a strong rebound, driven by AI innovation and improved market sentiment in technology. Tencent Holdings rose 0.92% during the session, Kuaishou -W rose 1.56%, and Baidu -SW rose 1.37%, with core leaders steadily climbing. The technology-driven logic has attracted capital favor, and investors continue to increase their positions in leading internet technology stocks.
▪ The hardware, storage, and peripherals sector experienced increased volatility, affected by chip shortages and individual stock adjustments. Xiaomi Group -W only slightly rose 0.15%, while Lenovo Group fell 1.04%. Companies within the sector showed divergence, with short-term capital rotation reflecting internal competition and structural adjustment pressures.
Macroeconomic Background
▪ Recently, the Hong Kong stock market has focused on the year-on-year increase in retail sales volume, with the latest data showing a growth of 5.3%, higher than the previous value of 4.8%. The recovery of consumption momentum and the return of mainland tourists have jointly boosted the retail sector, driving market sentiment to warm up. The macro environment continues to improve, providing capital inflow momentum for certain industries and concept stocks.
Popular Stocks
▪ YOFC (6869.HK) rose 19.18% during the session, with a trading volume of HKD 2.745 billion. As a leading concept stock, it has seen continuous capital inflow driven by demand for AI computing power, resulting in active trading.
▪ WuXi AppTec -B (2617.HK) rose 14.53% during the session, with a trading volume of HKD 312 million. The company announced positive clinical results for Tislelizumab published in a Lancet subsidiary, attracting market attention and active short-term participation.
▪ Shin-Etsu Chemical (6038.HK) rose 39.13% during the session. The small-cap stock saw a significant short-term surge, ranking high in gains.
▪ Silicon Valley Group (8349.HK) rose 16.67% during the session, with noticeable movements in the small and mid-cap sector.
▪ Times China Holdings (1233.HK) rose 47.66% during the session, with short-term capital chasing, indicating significant rotation in certain thematic concepts.
Market Trading Volume TOP10
▪ Alibaba -W (9988.HK) rose 1.18%, with a trading volume of HKD 6.34 billion
▪ Tencent Holdings (700.HK) rose 0.84%, with a trading volume of HKD 6.168 billion
▪ Xiaomi Group-W (1810.HK) rose by 0.15%, with a transaction volume of HKD 2.745 billion
▪ YOFC (6869.HK) rose by 19.33%, with a transaction volume of HKD 2.704 billion
▪ Meituan-W (3690.HK) rose by 1.81%, with a transaction volume of HKD 2.656 billion
▪ China Life (2628.HK) rose by 4.75%, with a transaction volume of HKD 1.939 billion
▪ SMIC (981.HK) rose by 1.89%, with a transaction volume of HKD 1.845 billion
▪ Ping An (2318.HK) rose by 2.35%, with a transaction volume of HKD 1.592 billion
▪ CNOOC (883.HK) fell by 0.69%, with a transaction volume of HKD 1.503 billion
▪ China Mobile (941.HK) rose by 0.18%, with a transaction volume of HKD 1.266 billion

The three major indices of the Hong Kong stock market fluctuated upward during the trading session, with the Hang Seng Index, Hang Seng Tech Index, and the National Enterprises Index all recording gains, but overall still operating below the phase high points. Funds continued to flow into popular concept sectors, with leading stocks like YOFC showing strong performance during the session, boosting market sentiment. The recovery in retail sales data and the improvement in consumer confidence stimulated optimistic sentiment among investors. Transactions in internet and financial blue chips were active, indicating that funds are focusing on leading targets. The short-term market structure and the rotation of the consumer sector are worth continuous attention

- The Hong Kong stock market showed a positive trend, with major indices increasing: the Hang Seng Index rose 0.7% to 25,411.44 points.  
- Retail stocks, particularly Alibaba and JD.com, were bolstered by a recovery in consumer spending and favorable corporate expansion prospects, while AI and tech sectors also gained traction with leading firms like Tencent performing well.  
- Notably, optical fiber firm Changfang gained 19.18%, while macroeconomic indicators reflecting a 5.3% rise in retail sales added to market optimism.

Market Heartbeat

YOFC

BABA-W

JD-SW

MNSO

TENCENT

KUAISHOU-W

BIDU-SW

XIAOMI-W

LENOVO GROUP

TRANSTHERA-B

G & M HLDGS

GUIXIN GROUP

TIMES CHINA

MEITUAN

Hong Kong stock market intraday | The Hang Seng Index rose 0.7% intraday, YOFC rose 19%, concept stocks strengthened