Market Overview
▪ The Hong Kong stock market closed with all three major indices rising today, continuing the upward market sentiment.
▪ The Hang Seng Index closed at 25,801.77 points, up 0.43%.
▪ The Hang Seng Tech Index closed at 5,526.83 points, up 0.87%.
▪ The National Enterprises Index closed at 8,939.68 points, up 0.43%.
Sector Performance
▪ The semiconductor sector was overall strong, with active capital performance and a large volume of trading concentrated in leading companies, benefiting from the growth in chip demand. Within the sector, SMIC led the gains, rising 5.92% today, with trading volume ranking among the top in the market. Hua Hong Semiconductor rose 5.17%, and Innolux rose 2.67%. Capital continued to flow into the sector, with tech and semiconductor leaders becoming the strongest mainline during the trading session.
▪ The hardware, storage, and peripherals sector showed divergence, with some individual stocks performing strongly. Xiaomi Group-W fell 1.83%, with capital seeing some return, while Lenovo Group slightly declined by 0.11%, indicating a rotation of funds within the industry, favoring stage growth targets.
▪ The internet content and information sector experienced fluctuations and consolidation, with mixed performance among leading companies. Tencent Holdings rose 0.08%, with capital maintaining a high trading level, indicating that the main driving force remains robust. Baidu-SW rose 1.26%, and Kuaishou-W rose 0.6%. Short-term capital layout in the market remained active, but the hotspots switched frequently.
Macroeconomic Background
▪ The Hong Kong stock market has recently focused on the year-on-year increase in retail sales, indicating a gradual recovery in consumer momentum. Core indicators such as foreign exchange reserves, unemployment rate, and CPI reflect a robust economic foundation, boosting investor confidence. Main capital in the market continues to focus on domestic demand recovery and changes in policy expectations, driving consumption and technology high prosperity directions to become the main allocation sectors for capital.
Popular Stocks
▪ China Duty Free Group rose 15.77%, as the company benefited from winning the Shanghai Airport duty-free store project and the dual catalysts of policy optimization in Hainan, leading to sustained volume during the trading session and driving the overall rise of the consumption sector.
▪ GP LOGISTICS rose 107.55%, becoming the stock with the largest increase of the day, driven by short-term capital chasing.
▪ Zhongyuan Jianye rose 48.18%, as the company resumed trading after more than 20 months and announced the settlement of loans provided to several real estate companies, leading to a significant short-term price surge and continued capital attention.
▪ Datang Xishi rose 27.45%, and Xinsure Global Holdings rose 19.57%, both performing outstandingly, with market funds favoring growth attributes and high volatility stocks, becoming the focus of short-term capital speculation.
Top 10 Market Trading Volume
▪ Alibaba-W (9988.HK) latest trading price HKD 146.40, up 0.76%, trading volume HKD 8.626 billion.
▪ Tencent Holdings (700.HK) latest trading price HKD 614.50, up 0.08%, trading volume HKD 8.520 billion.
▪ Xiaomi Group-W (1810.HK) latest trading price HKD 39.80, down 1.83%, trading volume HKD 6.614 billion
▪ Semiconductor Manufacturing International Corporation (981.HK) latest transaction price HKD 68.90, increase of 5.92%, transaction amount HKD 6.276 billion
▪ Meituan-W (3690.HK) latest transaction price HKD 102.80, increase of 0.10%, transaction amount HKD 3.259 billion
▪ Yangtze Optical Fibre and Cable Joint Stock Limited Company (6869.HK) latest transaction price HKD 57.55, increase of 11.21%, transaction amount HKD 3.059 billion
▪ Pop Mart International Group Limited (9992.HK) latest transaction price HKD 201.80, increase of 4.61%, transaction amount HKD 2.344 billion
▪ HSBC Holdings plc (5.HK) latest transaction price HKD 121.30, increase of 1.68%, transaction amount HKD 2.341 billion
▪ Zijin Mining Group Company Limited (2899.HK) latest transaction price HKD 35.38, increase of 5.30%, transaction amount HKD 2.212 billion
▪ Hua Hong Semiconductor Limited (1347.HK) latest transaction price HKD 71.25, increase of 5.17%, transaction amount HKD 2.031 billion

Hong Kong stocks closed higher today, with all three major indices rising. The Hang Seng Index, Technology Index, and National Enterprises Index all saw slight increases, continuing the positive market sentiment. The consumer and technology sectors performed well, with heavyweights like Alibaba and Tencent Holdings seeing active trading. Leading popular stock GP LOGISTICS rose by over 100%, driving market hotspots, and funds continued to concentrate on leading heavyweight companies

- The Hong Kong stock market saw all major indices close higher, with the Hang Seng Index ending at 25,801.77, a rise of 0.43%.  
- Key sectors showed strong performance, particularly semiconductors, driven by increased chip demand, with notable gains from SMIC and Hua Hong Semiconductor.  
- Retail sales growth and stable macroeconomic indicators bolstered investor confidence, leading to significant investments in consumer and technology sectors.

Market Heartbeat

Hang Seng Index

SMIC

HUA HONG SEMI

INNOSCIENCE

XIAOMI-W

LENOVO GROUP

TENCENT

BIDU-SW

KUAISHOU-W

CTG DUTY-FREE

CENTRALCHINA MT

DTXS SILK ROAD

RELIANCE GLO HL

BABA-W

MEITUAN

Alibaba

GP LOGISTICS

Tencent Holdings Limited

Tencent

Hong Kong stocks close｜Three major indices continue to rise, semiconductor and other technology sectors strengthen, China Duty Free leads the consumer sector