Market Overview
▪ In the Hong Kong stock market, most of the three major indices are rising. As of now, the Hang Seng Index is at 26,983.6 points, with an intraday increase of 0.5%, once again approaching a high, continuing a short-term upward trend.
▪ The Hang Seng Tech Index is performing relatively well, currently at 5,928.8 points, with an intraday increase of 1.01%, showing strong recent rebounds.
▪ The China Enterprises Index has risen 0.4% intraday, reporting 9,322.92 points, still having room compared to last November's peak, with a mild upward trend.
Sector Performance
▪ The retail sector is fluctuating, with leading stock Alibaba -W rising 3.75% intraday, achieving a transaction volume of HKD 13.128 billion, indicating continued capital attention; JD.com -SW is down 0.43%, Miniso is down 1.29%, showing significant sector differentiation, with capital actively choosing leading stocks.
▪ The internet content and information sector is leading the gains, with significant capital inflow overall. Tencent Holdings is up 1.03%, with a transaction volume of HKD 4.382 billion, Kuaishou -W surged 5.35%, with a transaction volume of HKD 1.812 billion, making it the most outstanding performer on the board, and Baidu -SW is up 0.77% intraday. The sector is driven by active capital, with a positive short-term sentiment.
▪ The restaurant service sector shows differentiation, with Haidilao surging 9.85% intraday, achieving a transaction volume of HKD 874 million, leading the sector, while Meituan -W is down 2.29%, with a transaction volume of HKD 2.169 billion, and Mixue Group is down 1.41%. Restaurant stocks are mixed, with market news being flat and clear structural differentiation.
Macroeconomic Background
▪ The market is focusing on the latest macro data regarding imports and exports, retail, and employment. The exchange rate of the Renminbi, foreign exchange reserves, and manufacturing PMI trends have become core areas of investor attention. Overall, the external environment and economic recovery expectations dominate the fluctuations of the Hong Kong stock market, significantly impacting capital allocation structure and style switching, with a slight increase in short-term risk appetite.
Popular Stocks
▪ Lionbridge Holdings (2562.HK) is up 26.07% intraday, with a transaction volume of HKD 570 million, showing significant price movement, with net inflow of main funds, high short-term market enthusiasm, and no latest news driving it, possibly related to short-term speculation.
▪ Zhiyu (2513.HK) is up 15.73% intraday, with a transaction volume of HKD 490 million. The company has partnered with Huawei to open-source the first domestic chip training multimodal SOTA model, with a strong atmosphere of capital pursuit, continuously attracting short-term active capital attention.
▪ Alibaba Health (241.HK) is up 11.62% intraday, with a transaction volume of HKD 1.31 billion, showing large capital inflow, making it a star in the pharmaceutical sector. Beimei Jing is exclusively launched online and has received the first overseas drug price certification.
▪ Yihuatong (2402.HK) is up 15.68% intraday, with a transaction volume of HKD 150 million, showing strong price performance, with active capital, lacking sudden news, dominated by short-term trading sentiment
Market Trading Volume TOP10
▪ Alibaba -W (9988.HK) latest trading price HKD 166.00, increase of 3.81%, trading volume HKD 13.121 billion
▪ Tencent Holdings (700.HK) latest trading price HKD 634.00, increase of 1.03%, trading volume HKD 4.382 billion
▪ Meituan -W (3690.HK) latest trading price HKD 102.50, decrease of 2.29%, trading volume HKD 2.169 billion
▪ SMIC (981.HK) latest trading price HKD 75.85, increase of 1.88%, trading volume HKD 2.166 billion
▪ Xiaomi Group -W (1810.HK) latest trading price HKD 38.06, increase of 0.21%, trading volume HKD 1.914 billion
▪ Kuaishou -W (1024.HK) latest trading price HKD 82.65, increase of 5.35%, trading volume HKD 1.812 billion
▪ Hua Hong Semiconductor (1347.HK) latest trading price HKD 94.65, increase of 5.52%, trading volume HKD 1.356 billion
▪ China Life (2628.HK) latest trading price HKD 32.26, decrease of 2.24%, trading volume HKD 1.326 billion
▪ ALI HEALTH (241.HK) latest trading price HKD 7.30, increase of 11.62%, trading volume HKD 1.307 billion
▪ Hong Kong Stock Exchange (388.HK) latest trading price HKD 435.80, increase of 0.93%, trading volume HKD 1.029 billion

As of midday, the three major indices of the Hong Kong stock market have collectively risen, with the Hang Seng Tech Index performing outstandingly. The internet content and information sector leads the gains, with leading stocks like Kuaishou and Alibaba seeing active trading. The retail and restaurant sectors show divergence, with notable movements in popular stocks, and Alibaba Health experiencing a significant surge during the session. The market is focused on macroeconomic data dynamics, which dominate the market style. Overall, the activity level of funds has increased, and structural market trends are evident

- The Hong Kong stock market shows an upward trend, with the Hang Seng Index at 26,983.6 points, gaining 0.5%.  
- Notable fluctuations were seen in key sectors, with Alibaba rising 3.75% and restaurant chain Haidilao surging 9.85%.  
- Major stocks such as Tencent and Kuaishou also reported gains, while macroeconomic indicators like import and export data are influencing market sentiment.

Market Heartbeat

BABA-W

JD-SW

MNSO

TENCENT

KUAISHOU-W

BIDU-SW

HAIDILAO

MEITUAN

MIXUE GROUP

SYNAGISTICS

KNOWLEDGE ATLAS

SINOHYTEC

SMIC

XIAOMI-W

Alibaba

ALI HEALTH

Hong Kong stock market intraday | Hang Seng Tech Index leads in gains, Kuaishou surges 5.35%, ALI HEALTH experiences intraday fluctuations