Market Overview
▪ As of noon on March 26, the three major indices of the Hong Kong stock market collectively retreated, trading became cautious, and sentiment was weak.
▪ The Hang Seng Index reported 24,988.04 at noon, down 1.37%; it fell back from the peak on March 25 and temporarily lost the 25,000 mark.
▪ The Hang Seng TECH Index reported 4,817.13 at noon, down 2.15%; it deviated from the previous high before March 25, leading the decline.
▪ The China Enterprises Index reported 8,452.52 at noon, down 1.52%; it did not create a new high and retreated from the high on March 25.
▪ Attention is focused on the 25,000 mark and the gains and losses of each index's highs before March 25, with short-term fluctuations likely to continue on the weak side.
Sector Performance
▪ There was a divergence within the life sciences tools and services sector, with leading companies performing differently; due to a lack of clear core drivers, capital flows were relatively dispersed.
▪ The diversified metals and mining sector weakened overall, primarily affected by negative pressure from resource price fluctuations, with investor sentiment leaning towards conservatism.
▪ The medical services sector showed overall weak trading performance, with no clear positive drivers currently pushing the sector upward.
Macroeconomic Background
▪ Recently, the Hong Kong stock market has experienced significant volatility, with external macroeconomic conditions and local economic data becoming the focus of market speculation.
▪ Investors are closely monitoring key economic indicators such as foreign exchange reserves, unemployment rates, and retail sales; future policy directions and changes in risk appetite will continue to influence the market's performance.
Popular Stocks
▪ CNOOC (883.HK) rose 2.39%, with a trading volume of HKD 2.187 billion at noon, showing strong resilience and capital attraction in a weak market.
▪ Xiaomi Group-W (1810.HK) rose 1.54%, with a trading volume of HKD 3.688 billion, receiving a certain degree of capital favor.
▪ Tencent Holdings (700.HK) fell 0.89%, with a trading volume of HKD 5.489 billion, slightly pressured as a heavyweight blue chip in the correction.
▪ Jaxin International Resources (3858.HK) plummeted 9.42%, leading the decline among resource stocks, reflecting capital's avoidance of related risks.
▪ Kangfang Bio (9926.HK) rose 1.89%, with a trading volume of HKD 1.175 billion, outperforming its medical sector.
▪ Jingtai Holdings (2228.HK) rose 2.75%, with active stock performance, while WuXi Biologics (2269.HK) fell 1.62%.
Market Trading Volume TOP10
▪ Pop Mart (09992.HK) latest trading price 152.6 HKD, down 9.33%, trading volume 9.919 billion
▪ Kuaishou-W (01024.HK) latest trading price 45.96 HKD, down 13.36%, trading volume 6.181 billion
▪ Alibaba-W (09988.HK) latest trading price 124.1 HKD, down 3.72%, trading volume 5.923 billion
▪ Meituan-W (03690.HK) latest transaction price 87.25 HKD, decline 3.06%, transaction amount 5.645 billion
▪ Tencent Holdings (00700.HK) latest transaction price 501.0 HKD, decline 0.89%, transaction amount 5.489 billion
▪ Xiaomi Group-W (01810.HK) latest transaction price 33.02 HKD, increase 1.54%, transaction amount 3.688 billion
▪ Yangtze Optical Fibre and Cable (06869.HK) latest transaction price 184.7 HKD, decline 0.16%, transaction amount 3.311 billion
▪ China National Offshore Oil Corporation (00883.HK) latest transaction price 29.18 HKD, increase 2.39%, transaction amount 2.187 billion
▪ China Life Insurance (02628.HK) latest transaction price 25.2 HKD, decline 7.89%, transaction amount 1.933 billion
▪ CSPC Pharmaceutical Group (01093.HK) latest transaction price 8.23 HKD, decline 3.06%, transaction amount 1.447 billion

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On March 26th at noon, the three major indices of the Hong Kong stock market collectively adjusted, with the Hang Seng Index falling below the 25,000 mark, and the Hang Seng TECH Index experiencing the largest decline. Sector performance was mixed, with individual stocks in life sciences tools and services showing divergent trends, and Jiaxin International Resources plummeting significantly. Popular stocks like Kuaishou and Pop Mart led the market decline, while Xiaomi Group and CNOOC performed strongly, with overall market trading sentiment remaining cautious

- As of noon on March 26, Hong Kong’s three major indices experienced a collective decline, with cautious trading and weak sentiment noted.  
- The Hang Seng Index dropped by 1.37% to 24,988.04, while the Hang Seng Technology Index fell by 2.15% to 4,817.13, both retreating from their March 25 highs.  
- Notable movements included China National Offshore Oil (up 2.39%) and XiaoMi (up 1.54%), while Kuaishou and Alibaba saw significant declines.

Market Heartbeat

CNOOC

XIAOMI-W

TENCENT

JIAXIN INTL RES

AKESO

XTALPI

POP MART

KUAISHOU-W

Hang Seng TECH Index

Hang Seng Index

Hong Kong Stock Midday Review | Hang Seng Index falls 2.15% leading the decline, CNOOC and Xiaomi rise against the trend