--- title: "Hong Kong stock market closing | The Hang Seng Index ultimately rose by 0.12%, with the declines of the Hang Seng Tech Index and the China Enterprises Index narrowing, while the retail and technology sectors were generally under pressure" type: "News" locale: "en" url: "https://longbridge.com/en/news/270126111.md" description: "Today, Hong Kong stocks closed with mixed performance across the three major indices. The Hang Seng Index remained above 25,000 points for the third consecutive day, closing up 0.12%. The Technology and State-Owned Enterprises indices saw slight pullbacks, indicating an increase in market wait-and-see sentiment. The retail and hardware sectors overall declined, with leading stocks like Alibaba and Xiaomi leading the drop, as risk appetite among investors contracted. Trading activity was relatively high, with notable movements in individual stocks such as GaoKeQiao, highlighting significant short-term speculative trading. Signals of improvement in domestic demand emerged, with retail sales data providing support for bulls, but there was a clear structural divergence within the industry, prompting investors to continue monitoring macro expectations and sector rotation" datetime: "2025-12-18T08:19:05.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/270126111.md) - [en](https://longbridge.com/en/news/270126111.md) - [zh-HK](https://longbridge.com/zh-HK/news/270126111.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/270126111.md) | [繁體中文](https://longbridge.com/zh-HK/news/270126111.md) # Hong Kong stock market closing | The Hang Seng Index ultimately rose by 0.12%, with the declines of the Hang Seng Tech Index and the China Enterprises Index narrowing, while the retail and technology sectors were generally under pressure **Market Overview** ▪ The three major indices of the Hong Kong stock market closed with mixed performances today, with increasing market caution. ▪ The Hang Seng Index closed at 25,498.13 points, up 0.12%, marking two consecutive days of midday gains, closing in the green, and remaining above 25,000 points since Tuesday's low. ▪ The Hang Seng Tech Index closed at 5,418.29 points, down 0.73%, facing short-term pressure. ▪ The China Enterprises Index closed at 8,841.51 points, slightly down 0.02%, maintaining a narrow fluctuation pattern. **Sector Performance** ▪ The retail sector overall faced pressure, with leading stocks generally declining. Alibaba-W closed down 1.30%, and the weakness of the leaders led to a cautious atmosphere in the sector. JD-SW closed down 0.09%, and MNSO fell sharply by 3.65%. There was evident short-term selling pressure, reflecting that the recovery process of consumer demand still has fluctuations. ▪ The internet sector showed significant volatility, with internal differentiation. Tencent closed flat, with a strong atmosphere of investor caution. KUAISHOU-W rose slightly by 0.23%, while BIDU-SW fell by 0.84%. Overall, there was frequent switching of market hotspots, with some stocks experiencing fluctuations due to news and short-term capital rotation. ▪ The hardware, storage, and peripherals sector generally declined, with Xiaomi Group-W closing down 2.47% and LENOVO GROUP down 1.88%. The sector lacks growth drivers, with reduced risk appetite from funds, and adjustments in leading stocks suppressing industry activity. **Macroeconomic Background** ▪ The short-term performance of the Hong Kong stock market is positively driven by the retail sales year-on-year increase to 5.3%, indicating that the improvement in domestic demand has become the main bullish logic and source of confidence in the current market. Investors are focusing on the fluctuations in consumption and export data, as well as expectations for macro policies and changes in the RMB exchange rate. ▪ The macro environment boosts the domestic demand concept, but there is a clear rotation between high and low sectors, with capital converging, making short-term market performance susceptible to fluctuations in macro data. **Popular Stocks** ▪ GaoKeQiao (9963.HK) closed up 44.44% today, leading short-term gains, with a trading volume of HKD 2.7408 million, showing strong capital preference for high-volatility stocks and speculative sentiment in the market. ▪ GROWN UP GROUP (1842.HK) surged by 33.33%, with a trading volume of HKD 2.6078 million. The stock showed significant intraday volatility, with strong short-term participation willingness from funds, enhancing market activity and attracting some short-term follow-up capital. ▪ BONJOUR HOLD (653.HK) rose by 16.38%, with a trading volume of HKD 9.2970 million. ▪ CCIAM FUTURE EN (145.HK) rose by 15.69%, with a trading volume of HKD 9.3843 million. ▪ CLOUDBREAK-B (2592.HK) rose by 10.95%, with a trading volume of HKD 16.5273 million. ▪ The above stocks all recorded double-digit gains, showing strong signs of capital speculation, becoming today's popular active directions, with short-term speculation being active. **Market Trading Volume TOP10** ▪ Alibaba -W (9988.HK) latest transaction price HKD 144.10, down 1.30%, transaction amount HKD 6.764 billion ▪ Tencent Holdings (700.HK) latest transaction price HKD 605.00, unchanged, transaction amount HKD 6.118 billion ▪ Xiaomi Group -W (1810.HK) latest transaction price HKD 40.20, down 2.47%, transaction amount HKD 5.136 billion ▪ YOFC (6869.HK) latest transaction price HKD 46.20, down 0.69%, transaction amount HKD 2.804 billion ▪ China Mobile (941.HK) latest transaction price HKD 84.05, down 0.47%, transaction amount HKD 2.635 billion ▪ SMIC (981.HK) latest transaction price HKD 64.70, down 0.08%, transaction amount HKD 2.551 billion ▪ Meituan -W (3690.HK) latest transaction price HKD 101.40, up 0.10%, transaction amount HKD 2.300 billion ▪ SenseTime -W (20.HK) latest transaction price HKD 1.89, down 4.06%, transaction amount HKD 2.036 billion ▪ CICC (3908.HK) latest transaction price HKD 19.44, up 2.53%, transaction amount HKD 1.891 billion ▪ China Construction Bank (939.HK) latest transaction price HKD 7.52, up 1.21%, transaction amount HKD 1.820 billion ### Related Stocks - [BABA-W (09988.HK)](https://longbridge.com/en/quote/09988.HK.md) - [JD-SW (09618.HK)](https://longbridge.com/en/quote/09618.HK.md) - [MNSO (09896.HK)](https://longbridge.com/en/quote/09896.HK.md) - [KUAISHOU-W (01024.HK)](https://longbridge.com/en/quote/01024.HK.md) - [BIDU-SW (09888.HK)](https://longbridge.com/en/quote/09888.HK.md) - [LENOVO GROUP (00992.HK)](https://longbridge.com/en/quote/00992.HK.md) - [GROWN UP GROUP (01842.HK)](https://longbridge.com/en/quote/01842.HK.md) - [BONJOUR HOLD (00653.HK)](https://longbridge.com/en/quote/00653.HK.md) - [CCIAM FUTURE EN (00145.HK)](https://longbridge.com/en/quote/00145.HK.md) - [CLOUDBREAK-B (02592.HK)](https://longbridge.com/en/quote/02592.HK.md) - [TENCENT (00700.HK)](https://longbridge.com/en/quote/00700.HK.md) - [YOFC (06869.HK)](https://longbridge.com/en/quote/06869.HK.md) - [CHINA MOBILE (00941.HK)](https://longbridge.com/en/quote/00941.HK.md) - [TRANSTECH (09963.HK)](https://longbridge.com/en/quote/09963.HK.md) ## Related News & Research - [China regulator orders food delivery giants to strengthen safety controls](https://longbridge.com/en/news/281633054.md) - [Evanson Asset Management LLC Purchases Shares of 5,080 Alibaba Group Holding Limited $BABA](https://longbridge.com/en/news/280440745.md) - [China Mobile flirts with record dividend yield](https://longbridge.com/en/news/280987132.md) - [MINISO Extends Hong Kong Share Buybacks as 2025 Results Filed](https://longbridge.com/en/news/281398103.md) - [DBS Sticks to Its Buy Rating for MINISO Group Holding Ltd. 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