Hong Kong Stock Midday Review | The Hang Seng Index fluctuated and rebounded by 0.19%, the technology sector was active with Xiaomi Group leading the gains, while the retail sector faced funding pressure
The three major indices of Hong Kong stocks performed steadily at noon, with the Hang Seng Index rebounding in the short term but not reaching a new high for the period; sector performance was mixed, with significant capital inflow into hardware, semiconductors, and technology sectors, and Xiaomi Group performed outstandingly. The retail sector overall declined, with weak consumer demand leading to capital outflow. The internet content sector experienced fluctuations and adjustments. The macroeconomic data in the market remained stable, and investors' wait-and-see sentiment continued. Stocks with unusual movements were active, and capital preferences showed a clear shift
Market Overview
▪ As of noon, the Hang Seng Index reported 25,809.45 points, up 0.19%, with a short-term continuous rebound, still some distance from the peak on December 2, and has not yet refreshed the new high.
▪ The Hang Seng Tech Index reported 5,567.23 points at noon, up 0.58%, also not breaking through the peak on December 2, with overall performance relatively active.
▪ The National Enterprises Index reported 9,062.78 points at noon, with an increase of 0.38%, also not reaching the peak, continuing the recent strong oscillation trend.
Sector Performance
▪ The internet content and information sector showed mixed performance, with market sentiment dominated by wait-and-see, resulting in fluctuating performance. Tencent Holdings slightly fell by 0.41%, with a transaction volume of HKD 4.279 billion, and the inflow of leading funds weakened. Kuaishou slightly fell by 0.37%, with a transaction volume of HKD 1.006 billion, showing internal divergence within the sector, as main funds switched in the short term at high levels, while Bilibili rose against the trend by 2.78%, with a transaction volume of HKD 395 million, indicating that stocks in niche content and innovative businesses received more incremental attention.
▪ The retail sector fell across the board today, with weak consumer demand dragging down overall performance. Alibaba slightly fell by 0.26%, with a transaction volume of HKD 4.068 billion, showing a significant outflow of funds; JD.com fell by 0.35%, with a transaction volume of HKD 381 million, and Miniso fell by 1.32%, with a transaction volume of HKD 17.9199 million. This reflects a cautious short-term attitude of funds towards the consumer sector.
▪ The hardware, storage, and peripherals sector showed significant divergence. Xiaomi Group led with a rise of 2.88%, with a transaction volume of HKD 3.613 billion, driven by performance and new product attention, with notable fund inflow. Hua Hong Semiconductor rose by 2.77%, with a transaction volume of HKD 1.282 billion, becoming a hotspot in the semiconductor branch. SMIC rose by 1.71%, with a transaction volume of HKD 1.525 billion, and Zijin Mining rose by 2.26%, with a transaction volume of HKD 1.391 billion. Lenovo Group showed a slight increase of 0.30%, with a transaction volume of HKD 233 million. Overall, leading stocks attracted active funds, with opportunities diverging within the sector.
Macroeconomic Background
▪ The Hong Kong stock market has maintained stable macro data over the past month, with no latest announcement on the year-on-year growth rate of retail sales, and export and manufacturing-related data pending follow-up. Overall market investment sentiment remains cautious, focusing on policy expectations and global economic trends, which continue to impact short-term fluctuations.
Popular Stocks
▪ Aoda Holdings (9929.HK) rose by 298.06%, with a transaction volume of HKD 77.431 million, with main funds concentrated in the short term, and no significant related news stimulating the market, leading to high turnover attracting market-wide attention.
▪ Minshang Chuangke (1632.HK) rose by 50.57%, with a transaction volume of HKD 32.44 million, also with no major events announced, showing clear signs of short-term speculation, with active turnover.
▪ Ouhua (1711.HK) rose by 32.38%, with a transaction volume of HKD 97.6 million, with active funds and prominent short-term speculative behavior ▪ QuanDa Electric Group Holdings (1750.HK) rose by 33.33%, with a transaction amount of HKD 3.6979 million. The capital inflow is limited, but the short-term fluctuations are significant, attracting small-scale funds to participate.
▪ Xingkai Holdings (1166.HK) rose by 45.59%, with a transaction amount of HKD 964,200. The stock surged strongly without major news driving it, as main funds frequently switch to dominate the market speculation atmosphere.
Market Transaction Amount TOP10
▪ Tencent Holdings (700.HK) change rate -0.41%, latest transaction price HKD 608.5, transaction amount HKD 4.279 billion
▪ Alibaba -W (9988.HK) change rate -0.26%, latest transaction price HKD 153.2, transaction amount HKD 4.068 billion
▪ Xiaomi Group -W (1810.HK) change rate 2.88%, latest transaction price HKD 41.38, transaction amount HKD 3.613 billion
▪ Meituan -W (3690.HK) change rate 2.03%, latest transaction price HKD 97.85, transaction amount HKD 2.741 billion
▪ SMIC (981.HK) change rate 1.71%, latest transaction price HKD 68.35, transaction amount HKD 1.525 billion
▪ Zijin Mining (2899.HK) change rate 2.26%, latest transaction price HKD 33.52, transaction amount HKD 1.391 billion
▪ Hua Hong Semiconductor (1347.HK) change rate 2.77%, latest transaction price HKD 76, transaction amount HKD 1.282 billion
▪ Sanhua Intelligent Control (2050.HK) change rate 9.18%, latest transaction price HKD 35.44, transaction amount HKD 1.023 billion
▪ XPeng -W (9868.HK) change rate -0.80%, latest transaction price HKD 74.8, transaction amount HKD 1.014 billion
▪ Kuaishou -W (1024.HK) change rate -0.37%, latest transaction price HKD 67.15, transaction amount HKD 1.006 billion
