--- title: "Hong Kong stock movement: WANJIAGROUP RTS surged 22.22%, driven by short-term strategies, with the market still awaiting catalytic factors" type: "News" locale: "en" url: "https://longbridge.com/en/news/278011418.md" description: "WANJIAGROUP RTS surged 22.22%; SMIC rose 0.41%, with a transaction volume of HKD 103 million; Hua Hong Semiconductor had a transaction volume of HKD 64.32 million; Innoscience fell 0.46%, with a transaction volume of HKD 45.16 million; GigaDevice rose 1.66%, with a market value of HKD 266.3 billion" datetime: "2026-03-06T01:37:38.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/278011418.md) - [en](https://longbridge.com/en/news/278011418.md) - [zh-HK](https://longbridge.com/zh-HK/news/278011418.md) --- # Hong Kong stock movement: WANJIAGROUP RTS surged 22.22%, driven by short-term strategies, with the market still awaiting catalytic factors **Hong Kong Stock Movement** WANJIAGROUP RTS surged by 22.22%. Based on recent key news: 1. On March 5, WANJIAGROUP RTS attempted multiple breakthroughs at the upper limit during intraday trading, but due to a lack of sustainability, the market is still waiting for clear catalytic factors. The technical structure shows that the price is holding above the short-term strength and weakness boundary, but upper limit pressure remains. If a volume-price resonance cannot be formed, a false breakout pattern may occur. The market's sensitivity to sudden catalysts has increased, with funds leaning towards short-term strategies, leading to stock price fluctuations. Source: Zhitong Finance 2. Recently, the activity of small-cap stocks in the Hong Kong market has rebounded, intensifying the market's stock game, with increased rumors of placements and restructurings, raising the market's sensitivity to sudden catalysts. The intraday performance of WANJIAGROUP RTS is similar, with unstable net inflows during yesterday's trading, and buying pressure receding at the close, as participants are still observing developments in news and company-level events. Source: Zhitong Finance 3. Three technical indicators need to be closely monitored: the transaction efficiency and continuity of large orders during upper limit tests, the support situation after pullbacks in intraday structure, and the breadth and strength of sector coordination. If the morning trading volume expands effectively and is accompanied by continuous movements from major players, the probability of stabilizing at the upper limit will increase. Source: Zhitong Finance. The activity of small-cap stocks in the Hong Kong market has rebounded, with short-term strategies dominating. **Stocks with High Trading Volume in the Industry** SMIC rose by 0.41%. Based on recent key news: 1. On March 5, leaders in China's semiconductor industry called for the establishment of a "Chinese version of ASML" to break through the bottleneck of advanced process technology. This move aims to respond to the U.S. restrictions on China's semiconductor industry and promote technological independence. Source: Zhitong Finance 2. On March 5, a Goldman Sachs report indicated that SMIC's management holds an optimistic view on the upward cycle of capital expenditure in China's semiconductor sector, expecting capacity expansion to drive the development of local equipment companies. Source: Jinshi Data 3. On March 3, SMIC announced the issuance of 764,300 ordinary shares related to an equity incentive plan. This move may affect stock price fluctuations. Source: Zhitong Finance. The semiconductor industry faces challenges in technological breakthroughs. Huahong Semiconductor had a trading volume of HKD 64.32 million. Based on recent key news: 1. On March 5, the Chinese government work report proposed to build emerging pillar industries such as integrated circuits to promote the development of the domestic chip industry. This policy support may enhance market expectations for Huahong Semiconductor, leading to significant stock price fluctuations. Source: 36Kr 2. On March 5, the domestic computing power ecosystem is accelerating its maturity, ushering in a strategic opportunity period. As a domestic chip company, Huahong Semiconductor may benefit from the synergistic effects of the industry chain, positively impacting its stock price. Source: 36Kr 3. On March 4, chip stocks generally fell, with Huahong Semiconductor's stock price dropping by 1.82% to HKD 86.2. The overall market performance was weak, affecting Huahong's stock price. Source: Economic Information Market Group. Policy support for the chip industry leads to significant market fluctuations. Innosilicon fell by 0.46%, with a trading volume of HKD 45.16 million, and there has been no important news recently. Trading is active, with clear fund flows. Considering the sector and industry trends, this stock shows significant volatility, and specific reasons need further observation **Stocks Ranked Among the Top by Market Capitalization in the Industry** Zhaoyi Innovation rose by 1.66%. Based on recent key news: 1. On March 3, Zhaoyi Innovation announced a deep cooperation with Tuya Smart to promote ecological co-construction in the AI+IoT field. This cooperation is expected to accelerate the intelligent upgrade of smart homes and industrial IoT, enhancing market confidence. 2. On March 5, shareholders of Zhaoyi Innovation transferred shares from Citibank to UBS Securities Hong Kong Limited, with a transfer value of HKD 367 million, accounting for 3.00%. This move may reflect investors' confidence in the company's prospects. 3. On March 4, Zhaoyi Innovation announced an investment of 400 million yuan to subscribe to Shanghai Shixi Zhaoyi Zhixin Venture Capital Partnership, broadening its industrial layout in the integrated circuit field. This move will help the company further develop in cutting-edge technology areas. The recent wave of new stock listings in the Hong Kong stock market has attracted institutional investments ### Related Stocks - [02925.HK](https://longbridge.com/en/quote/02925.HK.md) ## Related News & Research - [This High-Yield REIT Just Hiked Its Dividend By 7.1%. 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