Market Overview
▪ As of noon on December 29, the three major indices of the Hong Kong stock market showed mixed performance, with the Hang Seng Index slightly up 0.26%, reporting 25,887.33 points, overall maintaining a high range for the year, but failing to break through the peak set on December 12.
▪ The Hang Seng Tech Index reported 5,587.26 points at noon, up 1.6%, still some distance from the high point on December 12, but leading the daily gains, reflecting increased capital attention in the tech sector.
▪ The China Enterprises Index was up 0.77% at noon, reporting 8,983.89 points, also not reaching a new peak, remaining in a consolidation range.
Sector Performance
▪ The internet content and information sector showed overall fluctuations, with individual stocks rising and falling, and a wait-and-see sentiment still dominating the market. Leading stock Tencent Holdings rose 0.08%, with the latest transaction amounting to HKD 5.474 billion, while Kuaishou-W and Baidu-SW rose 1.55% and 1.59%, respectively. Internal capital flow within the sector was active but has not formed a consistent direction.
▪ The hardware, storage, and peripherals sector experienced slight fluctuations, driven by AIGC and AI hot news, with increased attention in the sector. Xiaomi Group-W rose 0.15%, with the latest transaction amounting to HKD 4.864 billion, and Lenovo Group rose 1.18%, mainly catalyzed by news of increased investment in AIGC and AI, attracting short-term capital participation. Lenovo Holdings rose 0.68%, with relatively stable transactions.
▪ The retail sector rose moderately, with expectations of a rebound in consumer demand boosting sector performance. Alibaba-W rose 0.34%, with a transaction amount of HKD 4.576 billion, JD-SW rose 0.98%, and Miniso rose 0.91%. Active capital continued to flow into the sector, supported by stable macro data related to domestic demand themes.
Macroeconomic Background
▪ In December, the retail sales volume in the Hong Kong stock market increased by 5.3% year-on-year, indicating further warming of consumption. The overall CPI year-on-year remained at 1.2%, with moderate inflation pressure, favorable for domestic demand and consumption-related sectors. The overall macro environment is stable, with enhanced signals of economic recovery, and mid-term confidence among investors remains stable.
Popular Stocks
▪ MicroPort Scientific Corporation-B (2252.HK) rose 30.38%, with a transaction amount of HKD 454 million. Active capital inflow, new product approvals, and a surge in orders boosted market confidence.
▪ Shum Yip Holdings (8375.HK) surged 395.83%, with a transaction amount of HKD 23.2428 million, showing strong abnormal movement without obvious news, with significant speculative characteristics in the market and a substantial increase in turnover rate.
▪ Base Champion Group (8460.HK) rose 41.60%, with a transaction amount of HKD 35.3203 million. Capital concentrated influx, with large short-term fluctuations, and strong willingness from the main force to lift prices.
▪ E-Juan Group Holdings (2442.HK) rose 27.74%, with a transaction amount of HKD 12.2293 million, with active short-term capital and significant volume increase in transactions
▪ JunDa Holdings (2865.HK) rose 19.53%, with a trading volume of HKD 345 million. Large orders continue to flow in, and market enthusiasm is evident, creating a strong atmosphere for high-risk speculation.
Top 10 Market Trading Volumes
▪ Tencent Holdings (700.HK) latest trading price HKD 603.50, up 0.08%, trading volume HKD 5.474 billion
▪ Xiaomi Group-W (1810.HK) latest trading price HKD 39.28, up 0.15%, trading volume HKD 4.864 billion
▪ Alibaba-W (9988.HK) latest trading price HKD 146.50, up 0.34%, trading volume HKD 4.576 billion
▪ Meituan-W (3690.HK) latest trading price HKD 105.60, up 2.33%, trading volume HKD 3.316 billion
▪ SMIC (981.HK) latest trading price HKD 71.80, up 1.06%, trading volume HKD 3.237 billion
▪ Ping An Insurance (2318.HK) latest trading price HKD 66.80, up 0.91%, trading volume HKD 1.858 billion
▪ Zijin Mining (2899.HK) latest trading price HKD 35.74, up 1.59%, trading volume HKD 1.816 billion
▪ BYD Company (1211.HK) latest trading price HKD 99.20, up 5.98%, trading volume HKD 1.651 billion
▪ China Mobile (941.HK) latest trading price HKD 81.85, down 1.15%, trading volume HKD 1.623 billion
▪ UBTECH (9880.HK) latest trading price HKD 122.90, up 12.24%, trading volume HKD 1.609 billion

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As of noon on December 29, the three major indices of the Hong Kong stock market showed divergence, with the Hang Seng Index slightly up and the Technology Index performing outstandingly. Funds are focusing on the technology and consumer sectors, with leading stocks such as Tencent, Xiaomi, and Alibaba all experiencing slight increases. Stable macroeconomic data has boosted market confidence, and significant movements in popular stocks have activated short-term capital

- As of December 29, Hong Kong's stock indices showed mixed performance, with the Hang Seng Index up 0.26% at 25,887.33 points, remaining close to yearly highs but failing to break a recent peak.  
- The Hang Seng Tech Index rose by 1.6%, reflecting increased investor interest in the tech sector, while the Hang Seng China Enterprises Index gained 0.77%, continuing within a consolidation phase.  
- Retail sales in December rose 5.3% year-on-year, indicating a strengthening consumer demand, alongside stable inflation and positive signals for economic recovery, contributing to investors' mid-term confidence.

Market Heartbeat

BABA-W

XIAOMI-W

TENCENT

SMIC

MEITUAN

Tencent Holdings Limited

Tencent

Alibaba

MircroPort Medbot-B

Xiaomi Corporation

Hong Kong Stock Midday Review | Hang Seng Tech Index rises 1.6%, MicroPort Robotics surges over 30% leading the active sector