Market Overview
▪ On March 18, during the trading session, the three major Hong Kong stock indices rose slightly, with risk appetite showing a moderate recovery.
▪ The Hang Seng Index rose 0.87% to 26,092.72 points, not breaking the phase high of February 27, and continues to operate within the phase range.
▪ The Hang Seng Tech Index rose 0.36% to 5,126.26 points, not reaching a new phase high, with the February 27 peak still to be broken.
▪ The China Enterprises Index rose 0.34% to 8,857.17 points, failing to break the phase high, maintaining a short-term upward fluctuation.
▪ As of the time of writing, the bullish momentum is being observed, with subsequent attention on volume and the flow of northbound capital to verify the upward rhythm.
Sector Performance
▪ The retail sector rose overall during the session, driven by expectations of consumer recovery, with stocks in the sector generally performing well. Alibaba -W rose by 3.34%, and leading stocks like JD.com also led the gains, indicating an increased preference for the consumer sector.
▪ The internet content and information sector showed fluctuating divergence, with stock prices of leading companies performing differently. Tencent Holdings fell 0.45%, while Baidu-SW rose 0.76%, reflecting structural adjustments in the market in this field.
▪ The oil and gas exploration and production sector generally retreated, mainly affected by the weakening of international oil prices, putting overall pressure on the sector. China National Offshore Oil Corporation fell 1.74% during the session.
Macroeconomic Background
▪ So far, the Hong Kong stock market has been significantly influenced by recently released macroeconomic data, with investors closely monitoring key economic indicators such as unemployment rate, retail and trade data, manufacturing PMI, and GDP growth rate.
▪ Changes in the external economic environment and fluctuations in the RMB exchange rate have had a noticeable impact on short-term market sentiment in Hong Kong, leading to increased volatility during the session.
Popular Stocks
▪ Lattice Semiconductor (6809.HK) was active during the session, rising 9.15%, with a transaction volume of HKD 528 million.
▪ Shanghai Fudan (1385.HK) saw a significant increase, rising 12.73%, with a transaction volume of HKD 468 million.
▪ Sanofi (1530.HK) rose 2.19% during the session, with the latest transaction volume at HKD 492 million.
▪ Yanzhou Coal Mining Company (1171.HK) rose slightly, up 1.46%, with a transaction volume of HKD 528 million.
▪ Rongchang Bio (9995.HK) rose 5.37% during the session, with a transaction volume of HKD 446 million.
Top 10 Market Transaction Volumes
▪ Alibaba -W (09988.HK) latest transaction price HKD 139.10, up 3.34%, transaction volume HKD 11.322 billion
▪ Tencent Holdings (00700.HK) latest transaction price HKD 548.50, down 0.27%, transaction volume HKD 8.060 billion
▪ China National Offshore Oil Corporation (00883.HK) latest transaction price HKD 28.30, down 1.74%, transaction volume HKD 4.216 billion
▪ Kingboard Laminates (01888.HK) latest transaction price HKD 22.34, down 2.87%, transaction volume HKD 4.081 billion
▪ Xiaomi Group -W (01810.HK) latest transaction price 35.20 HKD, down 0.45%, transaction amount 3.461 billion
▪ Yangtze Optical Fibre and Cable Joint Stock Limited Company (06869.HK) latest transaction price 152.80 HKD, up 9.14%, transaction amount 2.990 billion
▪ Glory Securities Financial (01428.HK) latest transaction price 13.83 HKD, up 1.69%, transaction amount 2.453 billion
▪ Pop Mart (09992.HK) latest transaction price 223.20 HKD, up 3.62%, transaction amount 2.377 billion
▪ MINIMAX-W (00100.HK) latest transaction price 1276.00 HKD, up 23.52%, transaction amount 2.183 billion
▪ Kingsoft Cloud (03896.HK) latest transaction price 7.84 HKD, up 15.81%, transaction amount 2.096 billion

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On March 18th, during the Hong Kong stock market trading, the three major indices collectively strengthened, with the Hang Seng Index rising by 0.87%, indicating a moderate rebound in risk appetite. The retail sector performed well, with leading stocks like Alibaba and JD leading the gains, boosting market sentiment; however, the oil and gas sector generally retreated due to the weakening of international oil prices. Among popular stocks, Shanghai Fudan surged by 12.73%, and MINIMAX-W increased by over 23%. Investors are currently focusing on macro indicators such as unemployment rates and manufacturing PMI, with market volatility influenced by external environmental factors

- On March 18, Hong Kong's three main indices gained slightly, reflecting a modest rebound in risk appetite.  
- The Hang Seng Index rose 0.87% to 26,092.72 points, while the Hang Seng Tech and the China Enterprises Index increased by 0.36% and 0.34%, respectively, with all indices maintaining their positions within recent ranges.  
- Retail stocks surged due to consumption recovery expectations, led by Alibaba and JD.com, while oil and gas exploration faced pressure from declining international oil prices.

Market Pulse

BABA-W

JD-SW

TENCENT

BIDU-SW

CNOOC

MONTAGE TECH

SHANGHAI FUDAN

3SBIO

YANKUANG ENERGY

REMEGEN

SPDR S&P Retail ETF

VanEck Retail ETF

KraneShares 2x Long BABA Daily ETF

JD HEALTH

KraneShares 2x Long JD Daily ETF

MINIMAX-W

ALI HEALTH

JD.com

Alibaba

JD LOGISTICS

BABA 2x Long Daily ETF - GraniteShares

Global X E-commerce ETF

Amplify Online Retail ETF

Krne Csi China Internet

Hang Seng Index

Hong Kong stock market intraday | Hang Seng Index up 0.87%, retail sector leads with Alibaba up 3.34%