--- title: "HK Stock Market Midday Review | Hang Seng Index Pulls Back at Midday; Retailers and Pharmaceuticals Lead Gains, WuXi AppTec Surges 14.92%" type: "News" locale: "en" url: "https://longbridge.com/en/news/284311068.md" description: "By midday, major Hong Kong stock indices retreated from highs, with significant market divergence. Retail and pharmaceutical stocks performed strongly. Pharmaceutical leader WuXi AppTec bucked the trend to surge on positive earnings news, boosting sentiment in the biopharma sector. Market sentiment turned cautious, with capital adopting a wait-and-see stance. Some large-cap stocks adjusted, highlighting prominent capital rotation" datetime: "2026-04-28T04:32:42.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284311068.md) - [en](https://longbridge.com/en/news/284311068.md) - [zh-HK](https://longbridge.com/zh-HK/news/284311068.md) --- # HK Stock Market Midday Review | Hang Seng Index Pulls Back at Midday; Retailers and Pharmaceuticals Lead Gains, WuXi AppTec Surges 14.92% **Market Overview** ▪ By midday, the three major Hong Kong stock indices retreated from their highs, pausing the upward momentum as investor sentiment turned cautious. ▪ The Hang Seng Index closed at 25,754.65 points at midday, down 0.66%, failing to extend yesterday's gains. The latest close marked a slight pullback from the recent high (April 27, 2026), showing signs of short-term consolidation. ▪ The Hang Seng Tech Index closed at 4,879.04 points at midday, with losses widening to 1.23%. It also declined from yesterday's highs, failing to set new recent highs, as wait-and-see sentiment among investors intensified. ▪ The SOE Index closed at 8,674.34 points at midday, down 0.94%, retreating from the previous trading day's recent high. The overall trend synchronized with the broader market pullback, with a clear shift in market hotspots. **Sector Performance** ▪ The retail sector showed structural activity during the session. Maoji Kuihong surged 25.12%, and Rizhao Port Jurong rose 19.72%, indicating a significant increase in activity among leading stocks. The pharmaceutical and biotechnology sectors strengthened against the trend. WuXi AppTec soared 14.92% on positive Q1 financial results, while Aimei Vaccine rose 16.20%, driving capital inflows into related sectors and boosting market sentiment. **Macro Background** ▪ The Hong Kong stock market has maintained a cautious atmosphere recently, influenced by external uncertainties and expectations for local economic recovery. Some investors are holding cash and waiting on the sidelines in the short term. The RMB exchange rate, local policies, and foreign trade dynamics will continue to influence market direction and sector rotation. Sector heat is diverging further, with capital flowing towards structural sectors and companies with strong financial reports. **Hot Stocks** ▪ WuXi AppTec (2359.HK) was trading at HKD 144.80 in the morning, up 14.92%, with a turnover of HKD 2.215 billion. The company disclosed Q1 revenue of CNY 12.44 billion, a year-on-year increase of 28.8%; net profit attributable to shareholders increased by 26.68% year-on-year. Driven by these results, the stock surged with heavy volume during the session, attracting active capital inflows and strengthening sentiment in the biopharma sector. Full-year performance guidance may be raised, keeping the market highly attentive. ▪ Maoji Kuihong (1716.HK) rose 25.12%, with a turnover of HKD 413 million. There were no obvious positive catalysts, but short-term capital attention in the sector increased, indicating active speculation. ▪ Rizhao Port Jurong (6117.HK) rose 19.72%, with a turnover of HKD 353 million. It was rapidly pulled up by capital in the short term without significant event-driven factors. ▪ Aimei Vaccine (6660.HK) rose 16.20%, with a turnover of HKD 0.52 million. Driven by the heat in the pharmaceutical sector, short-term capital participation was evident. ▪ Datong Group (544.HK) rose 13.64%, with a turnover of HKD 1.37 million, also attracting capital attention during the session. **Top 10 Market Turnover** ▪ CATL (3750.HK) Latest price: HKD 629.00, down 6.88%, turnover: HKD 634 million ▪ Tencent Holdings (700.HK) Latest price: HKD 476.40, down 0.46%, turnover: HKD 624 million ▪ Alibaba -W (9988.HK) Latest price: HKD 127.60, down 2.00%, turnover: HKD 433 million ▪ SMIC (981.HK) Latest price: HKD 67.35, down 1.32%, turnover: HKD 282 million ▪ Xiaomi Corp -W (1810.HK) Latest price: HKD 30.34, down 2.44%, turnover: HKD 264 million ▪ WuXi AppTec (2359.HK) Latest price: HKD 144.80, up 14.92%, turnover: HKD 221 million ▪ Cambridge Industries Group (6166.HK) Latest price: HKD 119.70, down 10.07%, turnover: HKD 213 million ▪ Hua Hong Semiconductor (1347.HK) Latest price: HKD 117.10, up 2.18%, turnover: HKD 194 million ▪ CNOOC (883.HK) Latest price: HKD 28.84, up 1.41%, turnover: HKD 149 million ▪ China Hongqiao (1378.HK) Latest price: HKD 33.80, down 3.54%, turnover: HKD 139 million ### Related Stocks - [603259.CN](https://longbridge.com/en/quote/603259.CN.md) ## Related News & Research - [WuXi AppTec Shares Rise After Strong First-Quarter Earnings](https://longbridge.com/en/news/284315901.md) - [Ventripoint's VMS+ (TM) 4.0 Submitted for Regulatory Approval in China by Lishman Global Inc.](https://longbridge.com/en/news/284379502.md) - [Jiangxi Rimag to Lift Medical Image Insights Stake to 25.36% via HKD353m Share Deal](https://longbridge.com/en/news/284126935.md) - [Steak ‘n Shake’s new chief MAHA officer: We’re going ‘back to the glory days of fast food’](https://longbridge.com/en/news/284089291.md) - [Guangzhou Innogen Pharma publishes 2025 annual report](https://longbridge.com/en/news/284411427.md)