--- title: "Hong Kong Stock Midday Review | The three major indices continue to rise, with Changfei Fiber Optic Cable leading the gains, smart driving concept stocks continue to rise, and the technology sector is active" type: "News" locale: "en" url: "https://longbridge.com/en/news/270250379.md" description: "As of noon, the main indices of the Hong Kong stock market maintained an upward trend, with the Hang Seng Index and the Hang Seng Tech Index oscillating at high levels but not breaking through recent highs. There is a clear sector divergence, with the internet content and information sector and the restaurant sector continuously attracting capital, while Tencent Holdings and Meituan performed outstandingly. The retail sector experienced increased volatility, driven by new AR products but showing significant divergence. Technology growth stocks such as optical fiber and robotics became market hotspots. Overall market sentiment is positive, with a rebound in consumer momentum driving capital towards related sectors" datetime: "2025-12-19T04:13:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/270250379.md) - [en](https://longbridge.com/en/news/270250379.md) - [zh-HK](https://longbridge.com/zh-HK/news/270250379.md) --- # Hong Kong Stock Midday Review | The three major indices continue to rise, with Changfei Fiber Optic Cable leading the gains, smart driving concept stocks continue to rise, and the technology sector is active **Market Overview** ▪ As of noon, all three major indices of the Hong Kong stock market rose: ▪ The Hang Seng Index closed at 25,663.41 points at noon, up 0.65%. After reaching a peak on December 12, it has maintained a high level of fluctuation in the short term, failing to set a new high today. ▪ The Hang Seng Tech Index closed at 5,480 points at noon, with an increase of 1.14%, rebounding after consecutive declines. ▪ The China Enterprises Index reported 8,885.67 points at noon, up 0.5%. **Sector Performance** ▪ The retail sector showed divergence. The leading company Alibaba -W stabilized after a decline, rising 0.76%, indicating that some investors are optimistic about its growth potential driven by new technologies; JD.com -SW fell 0.53%, while Miniso saw a slight decline, reflecting a divergence in capital flow, suggesting that although the sector has high short-term attention, there are structural opportunities. ▪ The internet content and information sector rose overall, despite no significant new catalysts, as core leaders received focused capital allocation. Tencent Holdings rose 1.16%, Kuaishou -W rose 0.99%, and Baidu -SW rose 1.11%. The sector's attractiveness continues, with investors favoring large-cap, high-profitability leading companies. ▪ The restaurant sector generally rose, with celebrity endorsements and continuous capital inflows becoming highlights. Meituan -W led the rise with an increase of 2.27%, Haidilao rose 0.48%, and Yum China rose 0.38%, reflecting expectations for holiday consumption and related event-driven capital actively chasing high-elasticity consumer leaders. **Macroeconomic Background** ▪ The Hong Kong stock market's retail sales year-on-year growth was 5.3%, indicating a rebound in consumer momentum. As economic data continues to improve, the market has high expectations for the year-end holiday consumption peak and the inflow of mainland capital, making consumption, finance, and cross-border capital-related sectors the focus of market attention. **Popular Stocks** ▪ Youjun Innovation (2431.HK) rose 12.22%, with a trading volume of HKD 264 million. Smart driving concept stocks continued to rise, with market funds actively pushing, indicating a preference for high-elasticity tech stocks in the short term. ▪ Yangtze Optical Fibre and Cable (6869.HK) rose 11.15%, with a trading volume of HKD 2.126 billion. The sector saw concentrated capital inflow, with active trading, becoming one of the strongest performers during the session, showing significant market attention on tech growth stocks. ▪ CIMC Group (2039.HK) rose 11.96%, with a trading volume of HKD 72.8458 million. Although there was no latest significant news disclosed, funds chased high-growth targets, resulting in a notable short-term increase. ▪ Zhejiang Shibao (1057.HK) rose 10.41%, with a trading volume of HKD 416 million. The stock price fluctuation was mainly influenced by capital speculation, attracting some chasing funds towards leading targets. ▪ Kangqiao Yuelife (2205.HK) rose 44.93%, with a trading volume of HKD 1.4513 million. Despite limited trading volume, it had a prominent increase, showing clear hotspot characteristics and attracting some funds' attention to high-volatility small-cap varieties **Market Trading Volume TOP10** ▪ Alibaba -W (9988.HK) increased by 0.76%, trading volume HKD 3.912 billion ▪ Tencent Holdings (700.HK) increased by 1.16%, trading volume HKD 3.331 billion ▪ Meituan -W (3690.HK) increased by 2.27%, trading volume HKD 2.264 billion ▪ Yangtze Optical Fibre and Cable (6869.HK) increased by 11.15%, trading volume HKD 2.126 billion ▪ Xiaomi Group -W (1810.HK) increased by 0.20%, trading volume HKD 1.713 billion ▪ Horizon Robotics -W (9660.HK) increased by 7.16%, trading volume HKD 1.510 billion ▪ SMIC (981.HK) increased by 1.62%, trading volume HKD 1.338 billion ▪ China Mobile (941.HK) decreased by 0.30%, trading volume HKD 1.134 billion ▪ XPeng -W (9868.HK) increased by 5.69%, trading volume HKD 1.003 billion ▪ CSPC Pharmaceutical Group (1093.HK) increased by 2.37%, trading volume HKD 0.898 billion ### Related Stocks - [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) - [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) - [03690.HK](https://longbridge.com/en/quote/03690.HK.md) - [06862.HK](https://longbridge.com/en/quote/06862.HK.md) - [09987.HK](https://longbridge.com/en/quote/09987.HK.md) - [002431.CN](https://longbridge.com/en/quote/002431.CN.md) - [06869.HK](https://longbridge.com/en/quote/06869.HK.md) - [02039.HK](https://longbridge.com/en/quote/02039.HK.md) - [01057.HK](https://longbridge.com/en/quote/01057.HK.md) - [02205.HK](https://longbridge.com/en/quote/02205.HK.md) - [01810.HK](https://longbridge.com/en/quote/01810.HK.md) - [MPNGY.US](https://longbridge.com/en/quote/MPNGY.US.md) - [TCEHY.US](https://longbridge.com/en/quote/TCEHY.US.md) - [TCTZF.US](https://longbridge.com/en/quote/TCTZF.US.md) ## Related News & Research - [YOFC Reduces GHG Emissions Intensity by 13% in 2025, New ESG Report Reveals](https://longbridge.com/en/news/285864401.md) - [Citi Keeps Their Buy Rating on Meituan (MPNGF)](https://longbridge.com/en/news/286832416.md) - [Baidu Says AI Is Now Its Core Growth Engine](https://longbridge.com/en/news/286797844.md) - [JD.com Starts 2026 with Revenue Growth and Stronger Retail Margins Despite Profit Decline](https://longbridge.com/en/news/286078055.md) - [JD.Com Analyst Raises Estimates On Recovering Profitability, Earnings Inflection](https://longbridge.com/en/news/286297952.md)