Market Overview
▪ As of noon, the major indices of the Hong Kong stock market showed mixed trends.
▪ The Hang Seng Index closed at 25,862.61 points, down 0.20%;
▪ The Hang Seng Tech Index reported 4,882.57 points, up 0.35%;
▪ The China Enterprises Index reported 8,741.02 points, slightly up 0.10%.
Sector Performance
▪ The semiconductor and related equipment sector surged in the morning session, driven by improved AI and downstream demand, boosting core leading stocks. Hua Hong Semiconductor performed outstandingly, with an intraday increase of 12.52% and a trading volume of HKD 4.294 billion. SMIC rose by 8.81%, with a trading volume of HKD 6.742 billion, showing significant capital inflow, indicating the market's high attention to the high growth potential of semiconductors.
▪ The interactive media and services sector experienced increased volatility. There was significant differentiation within the sector, with some sub-segments benefiting from the concept of computing power innovation, leading to mixed performances among individual stocks. Overall, capital showed a wait-and-see attitude, with short-term funds favoring innovation-driven leaders.
Macroeconomic Background
▪ Recently, the liquidity of the Hong Kong stock market has fluctuated, heavily influenced by external economic and trade data. Changes in the annual import rate and the global macro environment have become focal points for investors, with significant short-term sector rotation and structural opportunities in the market. Under external uncertainties, funds are increasingly concentrated in technology growth directions.
Popular Stocks
▪ Guoxia Technology (2655.HK) surged 18.93% during the session, with a trading volume of HKD 794.5172 million. On the morning of April 24, 2026, the company's stock price rose sharply, with an intraday increase exceeding 23%. Capital inflow boosted the company's short-term performance, and the technology sector as a whole gained attention, but caution is needed regarding the risks of high volatility.
▪ Productive Tech (650.HK) rose 32.53%, with a trading volume of HKD 43.9822 million. The stock experienced unusual movements, with short-term funds active, leading to a strong upward trend driven by capital momentum.
▪ Hua Hong Semiconductor (1347.HK) increased by 12.52%, with a trading volume of HKD 42,939.034 million. The semiconductor sector was stimulated by AI demand and domestic substitution effects, with leading stocks being heavily pursued by capital.
▪ PATEO (2889.HK) rose 12.45%, with a trading volume of HKD 35.32543 million. Driven by automotive smart hardware and technology innovation funds, a phase of market activity was formed.
▪ Shangshan Gold (1939.HK) increased by 21.82%, with a trading volume of HKD 4.5114 million. Funds are chasing the precious metals sector in the short term, driving stock prices sharply upward.
Market Trading Volume TOP10
▪ SMIC (981.HK) latest trading price HKD 63.60, increase of 8.81%, trading volume HKD 6.742 billion
▪ Tencent Holdings (700.HK) latest trading price HKD 493.20, decrease of 0.40%, trading volume HKD 5.709 billion
▪ Alibaba -W (9988.HK) latest trading price HKD 131.50, increase of 0.84%, trading volume HKD 4.948 billion
▪ Hua Hong Semiconductor (1347.HK) latest trading price HKD 105.60, increase of 12.52%, trading volume HKD 4.294 billion
▪ Changfei Fiber Optics (6869.HK) latest transaction price HKD 216.40, down 7.12%, transaction amount HKD 2.178 billion
▪ Meituan-W (3690.HK) latest transaction price HKD 82.60, down 0.60%, transaction amount HKD 1.619 billion
▪ BYD Company (1211.HK) latest transaction price HKD 99.80, down 3.57%, transaction amount HKD 1.497 billion
▪ China National Offshore Oil Corporation (883.HK) latest transaction price HKD 27.94, up 1.01%, transaction amount HKD 1.418 billion
▪ Contemporary Amperex Technology Co., Limited (3750.HK) latest transaction price HKD 685.00, down 2.49%, transaction amount HKD 1.372 billion
▪ Geely Automobile (175.HK) latest transaction price HKD 22.78, down 3.72%, transaction amount HKD 1.321 billion

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As of noon, the main indices of the Hong Kong stock market showed divergence, with the semiconductor sector leading the market, and stocks like HUA HONG SEMI and GUOXIA TECH experiencing significant price increases. There is a clear gathering of funds in the technology growth direction, and sector rotation is driving structural opportunities. Amid fluctuations in the external macro environment, investors prefer high-growth sectors

- As of midday, Hong Kong's main indices showed a mixed performance, with the Hang Seng Index at 25,862.61 points, down 0.20%.  
- The semiconductor sector surged due to rising AI demand, with major stocks like Hua Hong Semiconductor and SMIC seeing significant gains, while overall market liquidity fluctuated, influenced by external economic conditions.  
- Notable stock movements included Guoxian Technology rising 18.93% and Puda Technology increasing 32.53%, highlighting investor interest in technology amidst short-term volatility.

LB Select

GUOXIA TECH

PRODUCTIVE TECH

HUA HONG SEMI

PATEO

SHANGSHAN GOLD

Hong Kong Stock Midday Review | Hang Seng Index slightly down, Technology Index fluctuates, Semiconductor sector surges, GUOXIA TECH rises over 18% during the session