Market Overview
▪ As of noon, the three major indices of the Hong Kong stock market have collectively strengthened, with market sentiment moderately rebounding.
▪ The Hang Seng Index closed at 27,092.98 points at noon, up 0.91%.
▪ The Hang Seng TECH Index closed at 5,960.07 points at noon, with an increase of 1.54%, showing a clear rebound momentum.
▪ The Hang Seng China Enterprises Index reported 9,367.28 points at noon, up 0.88%.
Sector Performance
▪ The retail sector showed volatility, with the leading Alibaba rising 5.25%, boosting sector sentiment and achieving a trading volume of HKD 21.106 billion. However, JD.com slightly fell by 0.26% and Miniso dropped by 1.03%, indicating a divergence in fund distribution within the sector, with leading stocks performing strongly while mid and small caps showed mixed results, leading some investors to favor the leading stocks.
▪ The internet content and information sector rose overall. Tencent Holdings increased by 1.67%, with active trading; Kuaishou surged by 5.48%, with a trading volume of HKD 3.414 billion, showing significant fund inflow, as platform and short video companies led the market's optimistic sentiment; Baidu rose by 2.04%, also attracting fund attention. Overall, this sector attracted short-term fund rotation, reflecting a recovery in confidence from institutions and retail investors regarding growth certainty and the internet sector.
▪ The restaurant service sector showed mixed performance, with a prominent structural market. Haidilao surged by 7.42%, with a trading volume of HKD 1.226 billion, as funds concentrated on high-elasticity varieties within the sector. Meituan fell by 2.96%, with a trading volume of HKD 3.563 billion, indicating sector divergence, with internal funds shifting, and some high-valuation companies facing short-term pressure. Mixue Group slightly declined by 0.33%, with overall sector performance showing a differentiated characteristic.
Macroeconomic Background
▪ The Hong Kong stock market has recently focused on macroeconomic data and fluctuations in the external environment, with retail, PMI, and unemployment rate indicators reflecting pressure on domestic demand.
▪ Fund flows and exchange rate fluctuations have significantly impacted market confidence, with investors focusing on policy adjustments and international capital flows.
▪ Recent macro data has become the main reference for market fluctuations, reinforcing funds' sensitivity to structural sectors and policy directions.
Popular Stocks
▪ Alibaba Health (241.HK) rose by 15.90%, with a trading volume of HKD 3.117 billion, showing significant fund inflow, with short-term profit-taking driving the stock's activity, as the healthcare sector sees localized hotspots.
▪ Lion Group Holding (2562.HK) surged by 47.86%, with a trading volume of HKD 1.432 billion. Without obvious news stimuli, short-term fund speculation was active, with noticeable intraday fluctuations attracting speculative funds to buy in.
▪ Zhiyu (2513.HK) rose by 16.83%, with a trading volume of HKD 715 million, with significant fund speculation on popular concepts attracting a large amount of short-term attention.
▪ Zhongqingbao (1855.HK) increased by 26.92%, with a trading volume of HKD 193 million, as short-term speculative funds engaged in frequent trading, with the stock showing unusually active performance, lacking fundamental news support.
▪ Haotian International Construction Investment (1341.HK) rose by 19.35%, with a trading volume of HKD 2.69 trillion, with expanded intraday fluctuations
Market Trading Volume TOP10
▪ Alibaba -W (9988.HK) Latest trading price HKD 168.30, increase of 5.25%, trading volume HKD 21.106 billion
▪ Tencent Holdings (700.HK) Latest trading price HKD 638.00, increase of 1.67%, trading volume HKD 9.040 billion
▪ Meituan -W (3690.HK) Latest trading price HKD 101.80, decrease of 2.96%, trading volume HKD 3.563 billion
▪ Kuaishou -W (1024.HK) Latest trading price HKD 82.75, increase of 5.48%, trading volume HKD 3.414 billion
▪ SMIC (981.HK) Latest trading price HKD 75.95, increase of 2.01%, trading volume HKD 3.126 billion
▪ Alibaba Health (241.HK) Latest trading price HKD 7.58, increase of 15.90%, trading volume HKD 3.117 billion
▪ Xiaomi Group -W (1810.HK) Latest trading price HKD 38.18, increase of 0.53%, trading volume HKD 3.056 billion
▪ China Life (2628.HK) Latest trading price HKD 32.68, decrease of 0.97%, trading volume HKD 2.026 billion
▪ Hua Hong Semiconductor (1347.HK) Latest trading price HKD 94.70, increase of 5.57%, trading volume HKD 1.863 billion
▪ Hong Kong Stock Exchange (388.HK) Latest trading price HKD 436.60, increase of 1.11%, trading volume HKD 1.806 billion

The three major indices of the Hong Kong stock market rose collectively at noon, with the Hang Seng Index up 0.91% and the Hang Seng TECH Index up 1.54%. The internet content and information sector led the gains, while the retail and catering sectors showed divergence. Leading stocks like Alibaba and Kuaishou surged, Haidilao performed strongly, while Meituan showed weaker performance. Capital focus is centered around technology, healthcare, and semiconductors, with macro-level capital flows and data changes affecting market sentiment. Trading volume is concentrated at high levels in leading internet stocks and the healthcare sector, highlighting the active short-term trading in the market

- The Hong Kong stock market exhibited positive trends with all three indices rising, reflecting a moderate recovery in market sentiment.  
- Among key stocks, Alibaba surged 5.25%, leading the retail sector, while other stocks like JD.com and Meituan experienced mixed performance.  
- Macro economic concerns related to retail demand, PMI, and employment rates continue to influence market confidence and structural shifts, with short-term capital reallocating towards assured growth sectors.

Market Heartbeat

Hang Seng Index

Hang Seng TECH Index

JD-SW

MNSO

TENCENT

KUAISHOU-W

BIDU-SW

HAIDILAO

MEITUAN

MIXUE GROUP

ALI HEALTH

SYNAGISTICS

KNOWLEDGE ATLAS

ZONQING LTD

HAO TIAN INTL

SMIC

BABA-W

Alibaba

Hong Kong Stock Market Mid-Review | Hang Seng Index rises 0.92%, Internet sector up, Alibaba rises 5.25%, Kuaishou rises 5.48%