--- title: "Hong Kong Stock Midday Review | Hang Seng Index down 0.17%, maintaining consolidation, GDS and ZTO EXPRESS strengthen against the trend" type: "News" locale: "en" url: "https://longbridge.com/en/news/279531420.md" description: "On March 18th at noon, the three major indices of the Hong Kong stock market collectively adjusted and entered a consolidation period, with the Hang Seng Index closing at 25,824.7 points. The performance of market sectors was mixed, with the electronic components and retail sectors being relatively active, driven by Hongteng Precision and Quantitative Partners, while the weak performance of leading internet stocks dragged the Hang Seng Technology Index down by 0.81%. Influenced by expectations of export recovery and variables in mainland policies, the flow of funds showed structural characteristics, and changes in market volume will dominate the afternoon's rhythm" datetime: "2026-03-18T04:13:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/279531420.md) - [en](https://longbridge.com/en/news/279531420.md) - [zh-HK](https://longbridge.com/zh-HK/news/279531420.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/279531420.md) | [繁體中文](https://longbridge.com/zh-HK/news/279531420.md) # Hong Kong Stock Midday Review | Hang Seng Index down 0.17%, maintaining consolidation, GDS and ZTO EXPRESS strengthen against the trend **Market Overview** ▪ As of noon (March 18), the three major indices of the Hong Kong stock market have slightly adjusted after reaching a phase high the previous day and entering consolidation. ▪ The Hang Seng Index closed at 25,824.7, down 0.17%; it has not continued to reach a phase high and is oscillating below the previous high in the short term. ▪ The Hang Seng Tech Index closed at 5,066.11, down 0.81%; it has not continued to reach a phase high and is experiencing a significant pullback. ▪ The China Enterprises Index closed at 8,772.46, down 0.61%; it has not continued to reach a phase high and is positioned below recent highs. ▪ As of the time of writing, the market is focused on whether there will be a volume recovery in the afternoon to challenge the previous high, with trading volume influencing the rhythm. **Sector Performance** ▪ The electronic components sector showed significant volatility during the session, with Hongteng Precision soaring 16.64%, effectively boosting the sector's sentiment. However, the decline of Jiantao Laminated Board has dragged down the overall trend, indicating a divergence of funds within the sector. ▪ The retail sector performed actively, with a substantial rise in quantitative stocks further stimulating short-term market enthusiasm and attracting funds into this track. However, Alibaba and JD-SW saw slight declines. ▪ The internet content and information sector exhibited fluctuations, with leading stocks showing a divergence in performance. The pressure faced by some heavyweight stocks has limited the overall increase of the sector. **Macroeconomic Background** ▪ Recently, the market's core focus has been on the recovery of exports, retail resurgence, and exchange rate stability, but the sustainability of the overall economic recovery still presents some uncertainties. ▪ Changes in liquidity and market expectations regarding mainland policies have become important variables influencing the sentiment of Hong Kong stocks, with investors more inclined to seek support at key positions. **Popular Stocks** ▪ GDS-SW (9698.HK) performed the best, closing up 13.03% at noon, with a transaction volume of HKD 331 million, ranking high on the gainers list. ▪ ZTO EXPRESS-W (2057.HK) closed up 7.44%, with a transaction volume of HKD 358 million, showing strong performance in the logistics sector. ▪ Shanghai Fudan (1385.HK) closed up 7.50%, with a transaction volume of HKD 306 million, attracting attention from semiconductor funds. ▪ Kingsoft Cloud (3896.HK) closed up 4.87%, with a transaction volume of HKD 341 million; Kingdee International (268.HK) closed up 4.43%, with a transaction volume of HKD 346 million, indicating a certain defensiveness in the software services sector. **Market Transaction Volume TOP10** ▪ Tencent Holdings (00700.HK) latest transaction price 545.0 HKD, down 0.91%, transaction volume 5.114 billion ▪ Jiantao Laminated Board (01888.HK) latest transaction price 22.04 HKD, down 4.17%, transaction volume 3.825 billion ▪ Alibaba-W (09988.HK) latest transaction price 133.5 HKD, down 0.82%, transaction volume 3.658 billion ▪ China National Offshore Oil (00883.HK) latest transaction price 27.9 HKD, down 3.13%, transaction volume 2.586 billion ▪ Xiaomi Group -W (01810.HK) latest transaction price 34.82 HKD, down 1.53%, transaction amount 2.348 billion ▪ Yao Cai Securities Financial (01428.HK) latest transaction price 14.1 HKD, up 3.68%, transaction amount 2.102 billion ▪ Changfei Fiber Optic Cable (06869.HK) latest transaction price 148.2 HKD, up 5.86%, transaction amount 2.094 billion ▪ Pop Mart (09992.HK) latest transaction price 219.0 HKD, up 1.67%, transaction amount 1.768 billion ▪ MINIMAX-W (00100.HK) latest transaction price 1158.0 HKD, up 12.10%, transaction amount 1.304 billion ▪ Biyadu Co., Ltd. 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