Hong Kong stock movement: METASPACEX surged 27.04%, boosting confidence in tech stocks, with AI applications and a wave of new listings supporting the market

Hong Kong Stock Movement China Digital Technology surged 27.04%. Based on recent news, On March 30, the China Securities Regulatory Commission announced that Shanghai Xizhi Technology Co., Ltd. plans to list on the Hong Kong Stock Exchange, boosting market confidence in technology stocks. On March 31, Beijing Shuju Zhilian Technology Co., Ltd. submitted a listing application to the main board of the Hong Kong Stock Exchange, further increasing market attention on technology stocks. On April 1, the in-depth application of AI technology across various industries and the construction of a Token economic system drove the rise of related concept stocks. Technology stocks have performed strongly recently, enhancing market confidence. Stocks with High Trading Volume in the Industry Hengyi Holdings fell 2.94%. Based on recent key news: On March 30, Hengyi Holdings issued and distributed 184 million rights issue shares, leading to a decline in stock price. The rights issue price was HKD 0.46 per share, increasing the total number of shares from 46.1 million to 230.3 million, resulting in significant dilution. Source: Zhitong Finance On March 31, Hengyi Holdings announced the confirmation of the above rights issue, further intensifying market pressure on the stock price. Source: Zhitong Finance On April 1, the Financial Supervisory Commission announced growth in loans for six core strategic industries, which, although beneficial for the overall market, could not offset the impact of Hengyi Holdings' rights issue. Source: Financial Supervisory Commission AI demand drives growth in the information industry. China Aluminum International rose 1.16%. Based on recent key news: On March 30, China Aluminum International announced its full-year performance for 2025, with a net profit increase of 16.47% year-on-year, reaching RMB 258 million. Although operating revenue decreased by 3.93% year-on-year, the amount of new contracts signed surged by 51.94%, reaching RMB 46.836 billion, especially with significant growth in overseas contracts, reaching 26.338 billion. This performance boosted market confidence and drove the stock price up. Source: Caihua News On March 30, China Aluminum International's equipment manufacturing business revenue grew by 44.1%, reaching RMB 4.26 billion, while overseas revenue increased by 37.2%, reaching RMB 5.67 billion. These increases reflect the company's enhanced competitiveness in the international market, further supporting the rise in stock price. Source: Economic Information Daily On March 30, China Aluminum International's EPC engineering general contracting contracts increased by 162.32% year-on-year, reaching RMB 28.32 billion, accounting for 60.47% of the total new contracts signed. This growth demonstrates the company's strong performance in the general contracting field, enhancing investor confidence in the company's future development. Source: Caihua News Industry contract growth is significant, and market confidence is strengthened. China Railway fell 1.47%. Based on recent news, On March 31, China Railway announced its annual report for 2025, showing that the company achieved operating revenue of RMB 1,090.626 billion, a year-on-year decrease of 5.77%; net profit attributable to shareholders was RMB 22.892 billion, a year-on-year decrease of 17.91% Poor performance led to a decline in stock prices. On March 31, China Railway announced that the company repurchased a total of 28.812 million shares through the Shanghai Stock Exchange system via centralized bidding, accounting for 0.1167% of the company's total share capital. Despite the share repurchase, it failed to boost the stock price. On March 30, China Railway announced that it expects to achieve a new contract amount of 2.7509 trillion yuan in 2025, a year-on-year increase of 1.3%. Although the new contract amount has increased, the overall performance decline has affected market confidence. The market is generally volatile, and investor sentiment is cautious. Stocks ranked among the top in industry market capitalization China Communications Construction rose by 0.45%. Based on recent key news: On March 30, China Communications Construction announced its 2025 performance, with revenue of 726.636 billion yuan, a year-on-year decrease of 5.4%, and a net profit of 14.995 billion yuan, a year-on-year decrease of 37.1%. Poor performance led to stock price fluctuations. On March 31, China Communications Construction's stock price fell by more than 6%, mainly due to performance falling short of expectations and a slowdown in the domestic infrastructure industry. On April 1, China Communications Construction won the bid for the Duku Highway project, amounting to 12.5 billion yuan, demonstrating the company's continued expansion capabilities in overseas markets. The growth rate of the infrastructure industry is slowing, while overseas business is growing