Market Overview
▪ The main stock indices in the Hong Kong market showed divergence during the trading session. As of now, the Hang Seng Index is reported at 26,111 points, down 1.42% during the session, failing to maintain yesterday's high and facing short-term pressure for adjustment.
▪ The Hang Seng Tech Index is reported at 4,950.98 points, remaining flat during the session and refreshing its recent high, continuing to lead market performance.
▪ The China Enterprises Index is reported at 8,799.17 points during the session, also recording a new recent high, with the increase temporarily holding steady, maintaining a strong pattern.
Sector Performance
▪ The new energy sector showed strength during the session, boosted by favorable policies and project advancements, with continuous capital inflow into the power battery and green electricity sectors. JinkoSolar rose 3.46% during the session, with its convertible bonds performing actively as the company expands offshore financing and lays out projects for intelligent computing centers to enhance its medium- to long-term competitiveness. GCL-Poly Energy rose 2.59%, benefiting from green electricity policies and improved market sentiment, with increased short-term capital attention.
▪ Retail and robotics themes showed mixed performance, with EXTREME VISION rising 26.58% during the session, and JIA YAO HLDGS, AUNTEA JENNY, and Huayan Robotics all achieving significant gains. JU TENG INTL surged 20.75% during the session, with noticeable capital inflow supporting the stock price. Huayan Robotics achieved a new listing high through cooperation with ZHONGSHI Technology, with collaborative robots and AI topics gaining market favor, driving sector rotation.
Macroeconomic Background
▪ As of now, the Hong Kong stock market lacks significant macroeconomic data releases, with investors focusing on external risks, fluctuations in the RMB exchange rate, and expectations regarding Federal Reserve policies. Market liquidity is diverging, with structural hotspots revolving around performance realization, policy-favorable sectors, and leading technology stocks, while uncertainties in the external environment pose challenges to market capital flows and risk appetite.
Popular Stocks
▪ EXTREME VISION (6636.HK) surged 30.88% during the session, with a transaction volume of HKD 194 million. It once rose 24.74% during the session, with significant capital inflow and increased short-term capital attention, as the market focuses on the company's fundamentals and related themes, with high-risk appetite funds actively speculating.
▪ AUNTEA JENNY (2589.HK) rose 17.86% during the session, with a transaction volume of HKD 121 million. The stock showed active movement during the session, with positive capital flow driven by market enthusiasm.
▪ JIA YAO HLDGS (1626.HK) rose 37.19% during the session, with a transaction volume of HKD 10.0162 million. It once surged 24.56% during the session, with clear support from major capital, active investor sentiment, and high volatility potentially triggering short-term adjustment pressure.
▪ CPM GROUP (1932.HK) skyrocketed 112.85% during the session, with a transaction volume of HKD 7.3699 million. After resuming trading, it once soared 220% during the session due to Beihai Group's acquisition of shares from Prime Surplus and a mandatory general offer, resulting in significant changes in control and shareholder structure, creating a strong speculative atmosphere in the market.
▪ JU TENG INTL (3336.HK) rose 19.18% during the session, with a transaction volume of HKD 68.0892 million. The active trading reflects short-term capital inflow driving unusual movements, indicating a market style leaning towards speculative themes.
Market Transaction Volume TOP10
▪ Contemporary Amperex Technology Co., Limited (3750.HK) latest transaction price HKD 699.00, down 5.03%, transaction amount HKD 7.651 billion
▪ Tencent Holdings Limited (700.HK) latest transaction price HKD 506.00, down 2.50%, transaction amount HKD 3.728 billion
▪ Alibaba Group Holding Limited -W (9988.HK) latest transaction price HKD 131.30, down 3.67%, transaction amount HKD 3.659 billion
▪ Yangtze Optical Fibre and Cable Joint Stock Limited Company (6869.HK) latest transaction price HKD 231.20, up 9.57%, transaction amount HKD 3.069 billion
▪ Shenghong Technology (2476.HK) latest transaction price HKD 337.40, up 7.11%, transaction amount HKD 1.687 billion
▪ Semiconductor Manufacturing International Corporation (981.HK) latest transaction price HKD 59.10, down 1.66%, transaction amount HKD 1.286 billion
▪ Meituan -W (3690.HK) latest transaction price HKD 84.00, down 2.83%, transaction amount HKD 1.030 billion
▪ Zijin Mining Group Company Limited (2899.HK) latest transaction price HKD 37.78, down 1.10%, transaction amount HKD 1.014 billion
▪ China Construction Bank Corporation (939.HK) latest transaction price HKD 8.80, down 1.79%, transaction amount HKD 845 million
▪ Xiaomi Group -W (1810.HK) latest transaction price HKD 31.96, down 1.36%, transaction amount HKD 777 million

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The main stock indices in the Hong Kong market showed divergence during the trading session, with the Hang Seng Index facing short-term pressure, while the Technology and State-Owned Enterprise indices reached new highs for the period. The new energy and application software sectors performed strongly, with leading companies in power batteries and green electricity attracting capital attention, stimulating a structural market trend. Retail and some thematic stocks experienced significant fluctuations during the session, with accelerated sector rotation and active investor sentiment

- The Hong Kong stock market shows mixed performance, with the Hang Seng Index down 1.42% to 26,111 points, while the Hang Seng Tech Index reaches a new high of 4,950.98 points.  
- The renewable energy sector thrives due to supportive policies, with firms like Jinko Technology and GCL-Poly Energy seeing significant gains, while retail and robotics stocks also perform variably.  
- Overall market liquidity is uneven amid external uncertainties, with investors focusing on key stocks and sector movements driven by both speculation and earnings reports.

LB Select

EXTREME VISION

AUNTEA JENNY

JIA YAO HLDGS

CPM GROUP

JU TENG INTL

Hong Kong stock intraday | The Hang Seng Index fell during the session, the power battery sector rose, and CPM GROUP surged 112.85%