Market Overview▪ The Hong Kong stock market continues its upward trend during the trading session, with all three major indices showing varying degrees of increase.▪ The Hang Seng Index is up 0.82% during the session, currently reported at 25,706.66 points.▪ The Hang Seng Tech Index is up 1.37% during the session, currently reported at 5,492.79 points.▪ The China Enterprises Index is up 0.75% during the session, currently reported at 8,908.03 points.Sector Performance▪ The retail sector shows a mixed performance during the session, significantly affected by fluctuations in consumer demand. Leading companies such as Alibaba -W are up 1.53%, and Miniso is up 1.53%, but the sector overall has not fully risen, with JD.com down 0.36%, reflecting a more dispersed choice of funds within the consumer segment, with some funds shifting towards stronger sub-sectors.▪ The internet content sector is active, showing an overall increase during the session. Tencent Holdings is up 1.65%, Baidu -SW is up 1.79%, and Meituan -W is up 1.87%. The strong performance of these leading stocks boosts sector sentiment, with funds continuously favoring core technology and internet assets, indicating an increase in investor risk appetite.▪ The restaurant sector shows volatility during the session, with representative stock Haidilao up 1.30%, but Mixue Group down 1.40%. Expectations for the recovery of consumer scenarios drive some leading stocks to rebound, with funds more inclined to position in top targets, but overall differentiation is evident.Macroeconomic Background▪ The Hong Kong stock market is buoyed by a year-on-year increase in retail sales to 5.3%, higher than the previous value of 4.8%, significantly boosting confidence in consumer recovery. Coupled with stable macro data such as manufacturing PMI and foreign exchange reserves, it shows that recent liquidity and consumer momentum are key drivers for the Hong Kong stock market. As of now, investor sentiment remains optimistic, with structural thematic fund flows being active, especially benefiting the internet and consumer-related sectors.Popular Stocks▪ YOFC (6869.HK) is up 10.71% during the session, with a trading volume of HKD 2.787 billion. The stock's trading activity has significantly increased, with main funds concentrated on driving it up, becoming a core thematic stock of market attention.▪ Youjia Innovation (2431.HK) is up 28.01% during the session, with a trading volume of HKD 477 million. The release of China's L3 autonomous driving access permit has enhanced market confidence in related companies, leading to a significant upward movement in the stock.▪ Zhejiang Shibao (1057.HK) is up 11.71% during the session, with a trading volume of HKD 495 million. The stock has attracted market funds, with increased trading activity, and investors are chasing it in the short term, without any significant fundamental news driving it.▪ CIMC (2039.HK) is up 14.43% during the session, with a trading volume of HKD 115 million. The stock has shown continuous volume increase during the session, indicating ongoing fund involvement, with short-term market hotspots concentrated on elastic targets.Market Trading Volume TOP10▪ Alibaba -W (9988.HK): Up 1.53% during the session, with a trading volume of HKD 5.975 billion, latest trading price at HKD 146.30▪ Tencent Holdings (700.HK): Intraday increase of 1.65%, trading volume of HKD 5.526 billion, latest transaction price HKD 615.00▪ Meituan-W (3690.HK): Intraday increase of 1.87%, trading volume of HKD 3.523 billion, latest transaction price HKD 103.30▪ YOFC (6869.HK): Intraday increase of 10.71%, trading volume of HKD 2.787 billion, latest transaction price HKD 51.15▪ Xiaomi Group-W (1810.HK): Intraday increase of 0.60%, trading volume of HKD 2.408 billion, latest transaction price HKD 40.44▪ Horizon Robotics-W (9660.HK): Intraday increase of 7.28%, trading volume of HKD 2.284 billion, latest transaction price HKD 9.14▪ SMIC (981.HK): Intraday increase of 0.85%, trading volume of HKD 1.926 billion, latest transaction price HKD 65.25▪ China Mobile (941.HK): Intraday decrease of 0.24%, trading volume of HKD 1.819 billion, latest transaction price HKD 83.85▪ XPeng-W (9868.HK): Intraday increase of 7.72%, trading volume of HKD 1.601 billion, latest transaction price HKD 76.70▪ CSPC Pharmaceutical Group (1093.HK): Intraday increase of 2.62%, trading volume of HKD 1.205 billion, latest transaction price HKD 8.22

The three major indices of the Hong Kong stock market rose across the board, with the Hang Seng Index, Hang Seng Tech Index, and the China Enterprises Index all experiencing gains. The internet content sector performed well, and leading consumer stocks generally rose. In terms of macro data, the year-on-year retail sales were revised up to 5.3%, boosting market confidence. Popular stocks such as YOFC and Youjia Innovation saw significant intraday gains, with sector rotation and active capital being the main characteristics of the current market

Market Heartbeat

YOFC

MNSO

JD-SW

TENCENT

BIDU-SW

HAIDILAO

MIXUE GROUP

MINIEYE

ZHEJIANG SHIBAO

CIMC

XIAOMI-W

Hong Kong stocks intraday | Hengke rose 1.37% to lead, technology sector active, YOFC rose 10.71%