Hong Kong stocks close | Hang Seng Tech Index rises 1.20%, LOPAL TECH leads with a gain of 22.89%, Xiaomi surges strongly

Market Overview

▪ On November 25, the three major indices of the Hong Kong stock market rose collectively, with the Hang Seng Index up 0.69% at 25,894.55 points; the Hang Seng China Enterprises Index up 0.87% at 9,158.31 points; and the Hang Seng Tech Index up 1.20% at 5,612.03 points.

▪ As of the time of writing, there were 1,055 stocks rising, 820 stocks falling, and 850 stocks closing flat, indicating an overall positive market sentiment and an increase in risk appetite.

▪ The main focus of capital is concentrated in technology and consumer-related sectors, with heightened market attention on structural opportunities and a noticeable increase in short-term speculative activity.

Sector Performance

▪ The retail sector showed significant recovery, driven by improved consumer demand, leading to overall strength in the sector and accelerated inflow of main capital. Leading player Alibaba rose 2.14%, with a trading volume of HKD 23.218 billion, maintaining its position at the top of the trading list. The company will disclose its Q2 results after the market closes today, attracting high investor attention.

▪ The hardware, storage, and peripherals sector also rose in tandem. Among the leading stocks, Xiaomi Group surged 4.35%, with a trading volume of HKD 12.795 billion, after founder Lei Jun invested approximately HKD 100 million to increase his stake, pushing the stock price back above HKD 40.

▪ The internet content and information sector showed a clear upward trend. Increased advertising revenue and user activity drove overall industry valuation recovery, with leading companies receiving sustained capital attention and active trading, effectively boosting index performance. Kuaishou rose 3.06%, with a trading volume of HKD 3.568 billion, while Baidu increased by 4.56%, with a trading volume of HKD 1.998 billion. Tencent Holdings slightly rose by 0.08%, but the trading volume still reached HKD 9.327 billion, indicating significant divergence between bulls and bears.

Macroeconomic Background

▪ The latest data shows that the growth rates of exports and imports in the Hong Kong stock market remain high, with a significant trade deficit, reflecting notable fluctuations in global demand and uncertainties in the external economy.

▪ Retail sales and the year-on-year growth rate of money supply are moderately rising, with stable liquidity conditions for capital and the Renminbi, as the market closely watches investment opportunities under the recovery of economic fundamentals.

Popular Stocks

▪ LOPAL TECH (2465.HK) rose 22.89%, with a trading volume of HKD 1.011 billion. This stock led the market strongly, despite no recent news disclosure, but the trading volume significantly expanded, indicating short-term capital chasing, showing a clear preference for the technology growth sector.

▪ Yangtze Optical Fibre and Cable (6869.HK) rose 12.74%, with a trading volume of HKD 1.392 billion. As the hardware and optical communication sectors heat up, this stock's leading position stands out, attracting a large amount of active capital, resulting in increased trading volume and sustained short-term capital pursuit.

▪ China Resources Gas (1635.HK) rose 13.39%, with a trading volume of HKD 502 million. Amid overall industry volatility, the company's financing transactions are active, and market sentiment for its thematic speculation has risen.

Top 10 Market Trading Volumes

▪ Alibaba -W (9988.HK) latest trading price HKD 157.80, up 2.14%, with a trading volume of HKD 23.218 billion▪ Xiaomi Group -W (1810.HK) latest transaction price HKD 40.34, increase of 4.35%, transaction amount HKD 12.795 billion

▪ Tencent Holdings (700.HK) latest transaction price HKD 625.00, increase of 0.08%, transaction amount HKD 9.327 billion

▪ SMIC (981.HK) latest transaction price HKD 67.95, decrease of 0.15%, transaction amount HKD 5.307 billion

▪ Kuaishou -W (1024.HK) latest transaction price HKD 70.65, increase of 3.06%, transaction amount HKD 3.568 billion

▪ Meituan -W (3690.HK) latest transaction price HKD 98.25, increase of 0.10%, transaction amount HKD 2.900 billion

▪ Hua Hong Semiconductor (1347.HK) latest transaction price HKD 71.35, increase of 2.44%, transaction amount HKD 2.336 billion

▪ BYD Company (1211.HK) latest transaction price HKD 95.75, increase of 0.95%, transaction amount HKD 2.066 billion

▪ UBTECH (9880.HK) latest transaction price HKD 110.60, decrease of 0.81%, transaction amount HKD 2.010 billion

▪ Baidu -SW (9888.HK) latest transaction price HKD 116.90, increase of 4.56%, transaction amount HKD 1.998 billion