Market Overview
▪ The three major indices of the Hong Kong stock market closed with mixed results on February 5, as market sentiment continued to show a volatile pattern.
▪ The Hang Seng Index closed at 26,885.24 points, up 0.14%. After reaching a peak on January 29, the index has seen a slight pullback in the current closing price and has not set a new high, maintaining a high-level fluctuation in the short term.
▪ The Hang Seng Tech Index closed at 5,406.13 points, with an increase of 0.74%. It showed some rebound momentum but has not yet broken through recent highs.
▪ The China Enterprises Index closed at 9,093.34 points, up 0.5%, also failing to refresh the peak reached on January 30, with a fluctuating adjustment trend, overall maintaining a range-bound consolidation pattern.
Sector Performance
▪ The internet content and information sector showed volatility, with leading companies diverging. Tencent Holdings rose slightly by 0.09%, with a trading volume of HKD 43.461 billion, Baidu increased by 2.70%, with a trading volume of HKD 3.238 billion, and Kuaishou fell slightly by 0.21%. The sector overall lacked clear market drivers, with some leading stocks attracting short-term capital attention.
▪ The retail sector overall declined, but leading stocks showed upward momentum. Consumer demand drove Miniso to rise sharply by 6.18%, with a trading volume of HKD 24.1 million. Alibaba rose slightly by 0.06%, with a trading volume of HKD 14.068 billion, and JD.com increased by 0.83%. The consumer sector attracted capital allocation, with leading stocks performing strongly.
▪ The hardware, storage, and peripherals sector showed mixed performance, with Xiaomi Group rising by 2.83%, with a trading volume of HKD 6.997 billion, Lenovo Group increasing by 3.67%, and Longcheer Technology slightly declining by 0.46%. Some leading stocks in the sector received capital inflows driven by new products and performance, showing structural activity overall.
Macroeconomic Background
▪ Recently, the Hong Kong stock market has focused on the progress of macroeconomic recovery, unemployment rates, slightly fluctuating retail sales, and changes in foreign exchange reserves. Investors are closely monitoring liquidity, trade, and manufacturing sentiment, grasping the impact of policies and global capital movements on market pricing. Macroeconomic variables and policy expectations have become the core logic driving short-term speculation.
Popular Stocks
▪ Jiurong Holdings (2358.HK) rose by 45.45%, with a trading volume of HKD 14.4042 million. The stock price surged significantly, with noticeable day trading activity, influenced by increased short-term market attention.
▪ Contemporary Land (1107.HK) rose by 83.33%, with a trading volume of HKD 14.1348 million, becoming one of the hottest stocks in the market. The stock has received significant incremental capital in the short term, reflecting a high-risk preference among some investors.
▪ Haokang Electromechanical (1408.HK) rose by 32.00%, with a trading volume of HKD 7.3616 million. Although there was no obvious news driver, capital activity significantly increased.
▪ KFM Jinde (3816.HK) rose by 32.56%, with a trading volume of HKD 4.4151 million, as capital continued to chase high-volatility elastic stocks within the sector.
▪ Kaisa Health (876.HK) rose by 20.00%, with a trading volume of HKD 10.7694 million. Although there were no obvious catalytic events, it became an important target for some capital rotation allocation
Market Trading Volume TOP10
▪ Tencent Holdings (00700.HK) Latest trading price HKD 558.50, change 0.09%, trading volume HKD 43.461 billion
▪ Alibaba -W (09988.HK) Latest trading price HKD 159.60, change 0.06%, trading volume HKD 14.068 billion
▪ Xiaomi Group -W (01810.HK) Latest trading price HKD 34.92, change 2.83%, trading volume HKD 6.997 billion
▪ Pop Mart (09992.HK) Latest trading price HKD 242.40, change 2.19%, trading volume HKD 5.313 billion
▪ SMIC (00981.HK) Latest trading price HKD 67.45, change -1.89%, trading volume HKD 5.030 billion
▪ Meituan -W (03690.HK) Latest trading price HKD 93.80, change 1.79%, trading volume HKD 3.680 billion
▪ Zijin Mining (02899.HK) Latest trading price HKD 39.66, change -4.76%, trading volume HKD 3.500 billion
▪ China Life (02628.HK) Latest trading price HKD 34.20, change -2.73%, trading volume HKD 3.434 billion
▪ Baidu -SW (09888.HK) Latest trading price HKD 140.90, change 2.70%, trading volume HKD 3.238 billion
▪ Trip.com Group -S (09961.HK) Latest trading price HKD 452.60, change -0.53%, trading volume HKD 3.101 billion

On February 5th, the three major indices of the Hong Kong stock market closed with mixed results. The Hang Seng Index rose slightly by 0.14%, the Hang Seng Tech Index increased by 0.74%, and the State-owned Enterprises Index climbed by 0.5%. The overall market showed a pattern of high-level fluctuations, with some actively traded stocks performing outstandingly. Jiurong Holdings surged by 45.45%, and Contemporary Land surged by 83.33%. Tencent Holdings, Alibaba, and others saw active trading, while Xiaomi Group rose by 2.83%. Market funds are focused on macroeconomic recovery, liquidity, and policy dynamics, with structural opportunities continuing to be released

- The Hong Kong stock market showed mixed performance with Hang Seng Index closing at 26,885.24, slightly up by 0.14%.  
- Major sectors like internet content experienced volatility, while retail saw mixed results, with Miniso rising significantly despite general declines.  
- Investors are focused on macroeconomic recovery indicators and liquidity aspects that influence market pricing and trading activity.

Market Heartbeat

JIU RONG HOLD

MODERN LAND

MACAU E&M

KFM KINGDOM

KAISA HEALTH

TENCENT

BIDU-SW

KUAISHOU-W

BABA-W

MNSO

JD-SW

XIAOMI-W

LENOVO GROUP

LONGCHEER

China Southern CSI All Share Real Estate ETF

Hong Kong Stock Market Closing | Hang Seng Index fluctuates at a high level, Jiurong Holdings surges 45.45%, Contemporary Land rises 83.33%