Market Overview
▪ The Hong Kong stock market closed strongly today, with all three major indices rising collectively.
▪ The Hang Seng Index rose by 2.58%, closing at 27,826.91 points, refreshing its recent high and demonstrating upward momentum in the market.
▪ The Hang Seng Tech Index increased by 2.53%, closing at 5,900.16 points, slightly retreating from the January 14 high, but maintaining its strength.
▪ The China Enterprises Index rose by 2.89%, closing at 9,512.24 points. Although it did not break through the mid-November high of last year, it continues to climb.
Sector Performance
▪ Today, the AI and telecommunications sectors saw the highest popularity, becoming the core direction for capital inflow. UNISOUND surged by 73.79%, driven by the application of large AI models and revenue growth exceeding expectations, indicating concentrated capital inflow into the AI sector and rapid valuation increases.
▪ The telecommunications sector also performed outstandingly, with YOFC soaring by 15.43%, with a trading volume of HKD 3.414 billion. The market generally expects continued growth in AI and computing power demand, directly driving the sustained upward trend in the fiber optic and telecommunications sectors, benefiting leading companies and pushing industry capacity utilization to high levels.
▪ Leading tech stocks such as Alibaba, Tencent Holdings, and SMIC all recorded steady increases, reflecting sustained capital attention on large-cap stocks, with healthy rotation within the sector supporting the strengthening of market indices.
Macroeconomic Background
▪ Recently, the Hong Kong stock market has clearly benefited from a recovery in exports and an improvement in the unemployment rate, with rising retail and consumption data providing support for market risk appetite.
▪ Market trading sentiment is becoming more active, with the RMB exchange rate and economic recovery expectations becoming important variables affecting capital flows, driving external funds to accelerate inflow into quality sectors and leading targets, forming a positive cycle.
Popular Stocks
▪ UNISOUND (9678.HK) rose by 73.79%, with a trading volume of HKD 2.431 billion. The company's stock peaked nearly 99% during the day, with extremely active trading. UNISOUND announced that revenue from large model-related businesses is expected to grow more than tenfold year-on-year by 2025, signaling high growth in the AI industry and attracting concentrated market capital inflow, leading to a revaluation of the entire sector.
▪ YOFC (6869.HK) rose by 15.43%, with a trading volume of HKD 3.414 billion. Benefiting from the demand for AI computing power, the market expects continued improvement in the global fiber optic industry, with YOFC fully benefiting as a leader, strengthening capacity utilization and optimizing the company's revenue structure.
▪ Emperor Watch and Jewelry (887.HK) rose by 36.75%, with a trading volume of HKD 40.9138 million. There have been no major news or events disclosed in the past three days, mainly based on previous financial reports or ratings, with a clear preference for short-term capital in the market.
▪ Woan Robotics (6600.HK) rose by 18.45%, with a trading volume of HKD 92.8676 million. Recently completed an oversubscription issuance involving over HKD 225 million, with the stock price reaching a new high, indicating that the AI and intelligent robotics sectors continue to attract market capital, with high prosperity driving sector valuation increases
▪ Li Ji (637.HK) rose by 36.47%, with a trading volume of HKD 10.5535 million. There has been no major news in the past three days, and the increase in capital attention may be based on mid-term performance, lacking new driving events, with funds primarily engaging in segment speculation.
Market Trading Volume TOP10
▪ Alibaba -W (09988.HK) latest trading price HKD 173.50, increase of 2.12%, trading volume HKD 17.569 billion
▪ Tencent Holdings (00700.HK) latest trading price HKD 621.00, increase of 2.31%, trading volume HKD 15.812 billion
▪ SMIC (00981.HK) latest trading price HKD 79.30, increase of 3.52%, trading volume HKD 7.741 billion
▪ Zijin Mining (02899.HK) latest trading price HKD 44.76, increase of 3.13%, trading volume HKD 6.632 billion
▪ CNOOC (00883.HK) latest trading price HKD 24.66, increase of 4.85%, trading volume HKD 5.867 billion
▪ Xiaomi Group -W (01810.HK) latest trading price HKD 36.32, increase of 2.14%, trading volume HKD 5.394 billion
▪ Pop Mart (09992.HK) latest trading price HKD 231.40, increase of 7.03%, trading volume HKD 5.222 billion
▪ China Mobile (00941.HK) latest trading price HKD 80.90, increase of 3.06%, trading volume HKD 5.067 billion
▪ Hua Hong Semiconductor (01347.HK) latest trading price HKD 122.70, increase of 7.44%, trading volume HKD 3.972 billion
▪ Meituan -W (03690.HK) latest trading price HKD 98.35, increase of 1.86%, trading volume HKD 3.898 billion

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Today, all three major indices of the Hong Kong stock market rose. The Hang Seng Index closed up 2.58% at 27,826.91 points, reaching a new high for the period, with overall market sentiment being positive. The Hang Seng Tech Index and the China Enterprises Index rose by 2.53% and 2.89%, respectively, with funds primarily targeting the AI and telecommunications sectors. UNISOUND surged by 73.79%, and YOFC rose by 15.43%. Alibaba, Tencent Holdings, and SMIC, which ranked high in trading volume, performed solidly, with several leading stocks hitting new highs. Improved exports and the theme of economic recovery have driven market capital inflows, and investment attention continues to rise

- The Hong Kong stock market closed strongly, with all three major indices rising; the Hang Seng Index increased by 2.58% to 27,826.91 points, marking a new high.  
- The AI and communication sectors saw significant investor interest, particularly driven by revenue growth in companies like Yunzhisheng, which surged by 73.79%.  
- Recent improvements in exports and retail confidence have contributed to increased market activity, supported by changes in the renminbi exchange rate and economic recovery expectations.

Market Heartbeat

UNISOUND

YOFC

BABA-W

TENCENT

SMIC

EMPEROR WATCH&J

ONEROBOTICS

LEE KEE

ZIJIN MINING

CNOOC

CAM HS TECH

Hang Seng Index

CSOP HS TECH

Hong Kong stock market closing | Hang Seng Index rose 2.58% to a new high, AI sector exploded, UNISOUND rose 73.79%