Market Overview
▪ On April 28, the three major indices of the Hong Kong stock market closed generally lower, with market sentiment under pressure.
▪ The Hang Seng Index closed at 25,679.78 points, down 0.95% for the day;
▪ The Hang Seng Tech Index closed at 4,827.19 points, down 2.28%, showing significant short-term pressure;
▪ The China Enterprises Index closed at 8,644.81 points, down 1.27%, maintaining a high-level consolidation.
Sector Performance
▪ The water and soft drink sector saw Dongpeng Beverage drop 0.59%. The company's naming cooperation with Zhang Xueji has driven short-term brand exposure, but actual offline sales have not shown significant improvement, reflecting limited brand effect and cautious market participation.
▪ The retail sector showed significant volatility, with short-term capital inflows concentrated. Maoji Kuichong rose 39.67%, Jiancheng Holdings rose 30.36%, WKK INTL (HOLD) rose 49.02%, Guangli Technology rose 37.93%, and Haina Intelligent rose 16.93%. The sector has a strong atmosphere of capital speculation, with multiple constituent stocks recording significant surges and active trading, leading to increased market attention.
Macroeconomic Background
▪ Recently, the Hong Kong stock market has been active, with investors focusing on changes in external liquidity and the impact of local economic data on blue-chip performance.
▪ Fluctuations in the RMB exchange rate and capital flows have become key influencing factors, driving short-term capital attention towards technology and financial stocks.
▪ The overall market continues to experience high-level fluctuations, with clear signs of a shift in capital style. It is expected that technology and financial heavyweight stocks will continue to be affected by volatility in the short term.
Popular Stocks
▪ Maoji Kuichong (1716.HK) rose 39.67%, with a transaction volume of HKD 794 million. On April 28, 2026, it surged 33.80% during the session, with active capital inflow making it a market focus. The market volatility was mainly due to concentrated short-term capital inflows, driving a strong rebound in stock prices, and boosting short-term market confidence and company valuation expectations.
▪ Jiancheng Holdings (1630.HK) rose 30.36%, with a transaction volume of HKD 142 million. On April 28, 2026, it surged 21.43% during the session, with clear sector rotation and short-term capital speculation, significantly increasing trading activity. Concentrated capital intervention helps to raise market attention, but attention should be paid to short-term stock volatility risks.
▪ WKK INTL (HOLD) (532.HK) rose 49.02%, with a transaction volume of HKD 78 million. On April 28, 2026, it surged 23.53% during the session, attracting market capital attention, with short-term capital inflows driving significant stock price fluctuations, and related industry stocks also benefiting, showing a clear preference in sentiment.
▪ Haina Intelligent (1645.HK) rose 16.93%, with a transaction volume of HKD 157 million.
▪ Changying Group (Holding) (689.HK) rose 19.02%, with a transaction volume of HKD 138 million. On April 28, 2026, it rose 20.49% during the session, mainly due to active capital inflows, with sector catalysts boosting market sentiment for companies and related sectors, increasing short-term trading opportunities
Market Trading Volume TOP10
▪ Tencent Holdings (700.HK) Latest trading price HKD 473.80, down 1.00%, trading volume HKD 12.262 billion
▪ Contemporary Amperex Technology Co., Limited (3750.HK) Latest trading price HKD 629.00, down 6.88%, trading volume HKD 0.932 billion
▪ Alibaba -W (9988.HK) Latest trading price HKD 126.50, down 2.84%, trading volume HKD 0.931 billion
▪ Xiaomi Group -W (1810.HK) Latest trading price HKD 29.92, down 3.79%, trading volume HKD 0.641 billion
▪ Semiconductor Manufacturing International Corporation (981.HK) Latest trading price HKD 66.05, down 3.22%, trading volume HKD 0.639 billion
▪ Hua Hong Semiconductor (1347.HK) Latest trading price HKD 113.30, down 1.13%, trading volume HKD 0.414 billion
▪ Cambridge Technology (6166.HK) Latest trading price HKD 111.20, down 16.45%, trading volume HKD 0.348 billion
▪ China National Offshore Oil Corporation (883.HK) Latest trading price HKD 28.98, up 1.90%, trading volume HKD 0.309 billion
▪ WuXi AppTec (2359.HK) Latest trading price HKD 143.10, up 13.57%, trading volume HKD 0.302 billion
▪ China Life Insurance (2628.HK) Latest trading price HKD 26.06, down 2.54%, trading volume HKD 0.285 billion

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On April 28th, Hong Kong stocks closed lower, with all three major indices, the Hang Seng Index, the Hang Seng Tech Index, and the National Enterprises Index, showing significant pullbacks, putting pressure on market sentiment. Mainstream sectors were mixed, with the diversified capital market sector rising against the trend, while the retail sector became a focal point for capital attention, showing clear differentiation among leading stocks and increased capital activity

- On April 28, Hong Kong's major indices closed lower, with the Hang Seng Index at 25,679.78 points, down 0.95%.  
- Notable movements included Maoji Kuichong rising by 39.67% and WKK INTL (HOLD) up by 49.02%, driven by increased short-term capital inflow.  
- Market focus remains on changes in liquidity and local economic data impacting blue-chip performance, with volatility expected in technology and finance stocks.

LB Select

EASTROC

MOST KWAI CHUNG

KIN SHING HLDGS

WKK INTL (HOLD)

APEX ACE HLDG

HAINA INTEL

EPI (HOLDINGS)

Hong Kong stock market close | Hang Seng Index fell 0.95%, technology index retreated, retail sector and some leading stocks experienced intraday fluctuations