Market Overview
▪ In the Hong Kong stock market, all three major indices are strengthening. As of now, the Hang Seng Index is at 27,316.62 points, up 1.07%, continuing its rebound trend, but still some distance from the previous high (January 29) and has not refreshed recent highs.
▪ The Hang Seng TECH Index is currently at 5,496.93 points, with an intraday increase of 1.46%, leading the major indices, but has not broken through the peak set on January 28.
▪ The National Enterprises Index is reported at 9,284.31 points, up 1.27%, also failing to reach the high since January 29, continuing a short-term upward trend.
Sector Performance
▪ The internet content and information sector generally rose during the day, reflecting a recovery in consumer demand and significant capital inflow. The sector leader, Tencent Holdings, rose 0.62% during the day, with a transaction volume of HKD 4.031 billion, continuing a moderate upward trend. Kuaishou-W increased by 3.10%, with a transaction volume of HKD 1.347 billion, and Baidu-SW rose by 2.53%. Overall, capital is favoring sector leaders and growth stocks, reflecting the market's pursuit of high liquidity and certainty in investment opportunities.
▪ The retail sector shows an overall upward trend, with e-commerce stocks performing actively. Alibaba-W rose 2.22% during the day, with a transaction volume of HKD 3.893 billion, and JD-SW increased by 2.50%. The activity in this sector has increased, with the e-commerce business's prosperity driving more incremental capital to related leaders.
▪ Retailers in jewelry/toys/stationery show divergent performance, with significant volatility among individual stocks in the sector. POP MART rose 4.59%, with a transaction volume of HKD 2.319 billion, making it a popular stock with concentrated capital inflow during the day, reflecting a clear trend of the strong getting stronger within the sector. China Duty Free fell 4.42% during the day, with net capital outflow, while Chow Tai Fook rose slightly by 0.21%, highlighting structural contradictions within the sector.
Macroeconomic Background
▪ Recently, the Hong Kong stock market has been influenced by economic data such as manufacturing PMI, unemployment rate, and CPI, with a moderate performance in capital and consumption. The export situation and foreign exchange reserves remain stable, and investors are particularly concerned about the pace of economic recovery and expectations for Federal Reserve policy. The market is experiencing increased short-term volatility, with overall trading sentiment tending towards defensiveness and structural speculation.
Popular Stocks
▪ Zhiyu (2513.HK) rose 17.85% during the day, with a transaction volume of HKD 483 million.
▪ Jiufang Zhitu Holdings (9636.HK) rose 11.55%, with a transaction volume of HKD 572 million.
▪ Fubo Group (3738.HK) rose 9.41% during the day, with a transaction volume of HKD 551 million, putting pressure on sector sentiment.
▪ Yunzhisheng (9678.HK) rose 10.34%, with a transaction volume of HKD 293 million.
▪ Yuewen Group (772.HK) rose 8.32% during the day, with a transaction volume of HKD 563 million, with increased volatility in thematic stocks and clear signs of capital outflow.
Market Transaction Volume TOP10
▪ Tencent Holdings (00700.HK) latest transaction price HKD 563.50, increase of 0.62%, transaction amount HKD 4.019 billion
▪ Alibaba -W (09988.HK) latest transaction price HKD 161.40, increase of 2.22%, transaction amount HKD 3.880 billion
▪ POP MART (09992.HK) latest transaction price HKD 269.20, increase of 4.67%, transaction amount HKD 2.218 billion
▪ Yangtze Optical Fibre and Cable (06869.HK) latest transaction price HKD 111.00, increase of 6.02%, transaction amount HKD 1.675 billion
▪ Xiaomi Group -W (01810.HK) latest transaction price HKD 35.88, increase of 1.93%, transaction amount HKD 1.618 billion
▪ Kuaishou -W (01024.HK) latest transaction price HKD 71.45, increase of 3.10%, transaction amount HKD 1.346 billion
▪ Meituan -W (03690.HK) latest transaction price HKD 90.10, decrease of 1.04%, transaction amount HKD 1.297 billion
▪ AIA Group (01299.HK) latest transaction price HKD 86.20, decrease of 0.17%, transaction amount HKD 1.179 billion
▪ Ping An Insurance (02318.HK) latest transaction price HKD 73.60, increase of 0.82%, transaction amount HKD 1.104 billion
▪ Zijin Mining (02899.HK) latest transaction price HKD 42.00, increase of 1.74%, transaction amount HKD 1.074 billion

The main indices of the Hong Kong stock market strengthened across the board, with the Hang Seng Index, Hang Seng TECH Index, and the National Enterprises Index all recording gains. The internet content and retail sectors performed positively, with capital flows clearly concentrating on leading companies. POP MART showed significant gains during the session, while Alibaba, Kuaishou, and JD were actively traded. Under structural differentiation, some popular stocks experienced sharp declines, and investors are paying attention to short-term sector rotations and macro changes

- The Hong Kong stock market showed overall strength, with the Hang Seng Index rising 1.07% to 27,316.62 points, but still below recent highs.  
- Key sectors like internet content saw notable gains, with Tencent Holdings up 0.62%, while retail stocks also performed well, including Alibaba, which rose 2.22%.  
- However, several individual stocks faced declines, such as Zhiyun (17.85%) and Jiu Fang Zhi Tou (11.55%), indicating a cautious investor sentiment amidst fluctuating market conditions.

Market Heartbeat

TENCENT

BABA-W

JD-SW

KUAISHOU-W

BIDU-SW

CTG DUTY-FREE

CHOW TAI FOOK

JF SMARTINVEST

KNOWLEDGE ATLAS

VOBILE GROUP

UNISOUND

CHINA LIT

POP MART

JD HEALTH

Hang Seng TECH Index

Hang Seng Index

JD LOGISTICS

ALI HEALTH

Hong Kong stocks intraday | All three major indices strengthened, Hang Seng TECH up 1.46%, POP MART leading in intraday gains