--- title: "Hong Kong Stock Market Mid-Review | Hang Seng Index rises 1.83%, retail technology stocks strengthen, Tencent and Alibaba rise" type: "News" locale: "en" url: "https://longbridge.com/en/news/280253846.md" description: "As of noon on March 24, the three major indices of the Hong Kong stock market collectively strengthened, with the Hang Seng Index rising by 1.83%, showing impressive performance. The retail sector was supported by improved consumer demand, leading to an overall upward trend, with heavyweight stocks such as Alibaba and Tencent Holdings all rising, boosting market sentiment. Among popular stocks, WuXi AppTec surged over 11%, and Tingyi Holding Corp rose more than 6%. The market was active, but the indices had not yet broken through the recent high" datetime: "2026-03-24T04:13:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/280253846.md) - [en](https://longbridge.com/en/news/280253846.md) - [zh-HK](https://longbridge.com/zh-HK/news/280253846.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/280253846.md) | [繁體中文](https://longbridge.com/zh-HK/news/280253846.md) # Hong Kong Stock Market Mid-Review | Hang Seng Index rises 1.83%, retail technology stocks strengthen, Tencent and Alibaba rise **Market Overview** ▪ As of noon on March 24, the three major indices of the Hong Kong stock market collectively strengthened, with market sentiment warming. ▪ The Hang Seng Index rose 1.83% to 24,828.86 points, not refreshing the recent high, which occurred on March 20, and still facing the test of this resistance area in the short term. ▪ The Hang Seng Tech Index rose 1.41% to 4,779.04 points, still some distance from the recent high on March 20, with momentum recovering but not yet surpassing the previous high. ▪ The China Enterprises Index rose 1.43% to 8,426.54 points, failing to break through the previous high on March 20, maintaining a fluctuation below the recent peak. ▪ Overall, as of noon, bullish sentiment has warmed, with all three major indices not reaching new highs, and attention in the afternoon will focus on whether the upward trend can continue and challenge the previous highs. **Sector Performance** ▪ The retail sector saw a moderate overall increase, supported by gradually improving consumer demand, with stable performance and high participation from funds. ▪ The internet content and information sector showed a mixed performance; although lacking significant news guidance, leading companies like Tencent Holdings saw slight gains, with Kuaishou-W rising 1.35%, providing support to the index. ▪ The oil and gas exploration and production sector performed weakly, dragged down by fluctuations in energy prices, with most stocks in the sector declining, becoming a major adjustment force during the session. **Macroeconomic Background** ▪ In March, the Hong Kong stock market is highly focused on the performance of consumption and trade data. Currently, retail and import-export indicators are showing significant fluctuations, indicating that the momentum of economic recovery is still adjusting. ▪ Due to delays in the release of official macro data, the short-term market trading logic is mainly dominated by policy expectations and external environments. Investors are closely monitoring changes in the endogenous power of the economy and the liquidity environment. **Popular Stocks** ▪ WuXi AppTec (2268.HK) rose 11.42% as of noon, with a trading volume of HKD 347 million, leading the popular stocks. ▪ Tingyi (Cayman Islands) Holding Corp (322.HK) performed strongly, rising 6.74%, with a trading volume of HKD 362 million. ▪ Jiaxin International Resources (3858.HK) rose 7.17%, with a trading volume of HKD 319 million; GuoHua Gold Group (3939.HK) rose 6.90%, with a trading volume of HKD 347 million, as resource stocks attracted funds. ▪ Hon Teng Precision (6088.HK) rose slightly by 3.87%, with a trading volume of HKD 312 million. **Market Trading Volume TOP10** ▪ Tencent Holdings (00700.HK) latest trading price HKD 507.5, up 1.83%, trading volume HKD 6.258 billion ▪ Alibaba -W (09988.HK) latest trading price HKD 121.6, up 1.59%, trading volume HKD 5.129 billion ▪ China National Offshore Oil Corporation (00883.HK) latest trading price HKD 30.04, down 1.51%, trading volume HKD 3.472 billion ▪ Yangtze Optical Fibre and Cable Joint Stock Limited Company (06869.HK) latest trading price HKD 156.4, up 7.20%, trading volume HKD 3.017 billion ▪ Xiaomi Group-W (01810.HK) latest transaction price 32.5 HKD, increase 1.37%, transaction amount 2.774 billion ▪ BYD Company Limited (01211.HK) latest transaction price 106.7 HKD, increase 4.20%, transaction amount 2.694 billion ▪ SMIC (00981.HK) latest transaction price 54.6 HKD, increase 0.83%, transaction amount 1.607 billion ▪ Geely Automobile (00175.HK) latest transaction price 20.56 HKD, increase 2.80%, transaction amount 1.602 billion ▪ Zijin Mining (02899.HK) latest transaction price 34.24 HKD, increase 5.29%, transaction amount 1.594 billion ▪ Pop Mart (09992.HK) latest transaction price 209.2 HKD, increase 3.46%, transaction amount 1.492 billion ### Related Stocks - [KUAISHOU-W (01024.HK)](https://longbridge.com/en/quote/01024.HK.md) - [TENCENT (00700.HK)](https://longbridge.com/en/quote/00700.HK.md) - [WUXI XDC (02268.HK)](https://longbridge.com/en/quote/02268.HK.md) - [TINGYI (00322.HK)](https://longbridge.com/en/quote/00322.HK.md) - [JIAXIN INTL RES (03858.HK)](https://longbridge.com/en/quote/03858.HK.md) - [FIT HON TENG (06088.HK)](https://longbridge.com/en/quote/06088.HK.md) - [WANGUO GOLD GP (03939.HK)](https://longbridge.com/en/quote/03939.HK.md) ## Related News & Research - [Tencent (TCEHY) Brings AI Agents to WeChat's 1 Billion Users as Alibaba and Baidu Race Ahead](https://longbridge.com/en/news/280061085.md) - [Tencent integrates WeChat with OpenClaw AI agent amid China tech battle](https://longbridge.com/en/news/280046413.md) - [Morgan Stanley Keeps Their Buy Rating on Tencent Holdings (TCTZF)](https://longbridge.com/en/news/279892254.md) - [Tingyi (SEHK:322) Margin Uplift To 5.7% Challenges Slow‑Growth Bear Narratives](https://longbridge.com/en/news/280330649.md) - [Tingyi to Present 2025 Annual Results to Investors](https://longbridge.com/en/news/280131409.md)