Hong Kong stock market intraday | Hang Seng Index down 0.40%, Technology Index under pressure, YOFC leads the sector

Market Overview

▪ In the Hong Kong stock market, the three major indices are slightly under pressure, currently maintaining a high-level consolidation.

▪ The Hang Seng Index is reported at 25,331.93 points, down 0.40%.

The Hang Seng Tech Index is currently at 5,530.25 points, down 0.44%.

The China Enterprises Index is reported at 8,896.69 points, down 0.44%.

Sector Performance

▪ The retail sector shows mixed performance among individual stocks, with increasing performance divergence. Alibaba -W is up 1.06%, Miniso is up 2.34%, with funds focusing on stable leading companies, but JD.com -SW is down 0.35%, indicating the Matthew effect in the industry, putting pressure on some weaker companies.

▪ The internet content and information sector is fluctuating, with noticeable divergence. Tencent Holdings is down 0.66%, but Baidu -SW is up 0.82%, and Kuaishou -W is down 0.60%. Overall, funds in the sector are cautiously optimistic, with increasing divergence among investors, and hotspots concentrating on structural themes.

▪ The communication equipment sector shows a divergent pattern, with YOFC strongly rising 4.75%, leading the sector in gains driven by funds, and trading volume significantly increasing, with a rise of over 15% this week. In contrast, ZTE is down 1.43%, and BYD Electronics is down 1.05%, with some companies in the sector under pressure.

Macroeconomic Background

▪ The latest retail sales year-on-year growth in Hong Kong is 5.3%, higher than the previous value of 4.8%. The recovery in consumption is boosting market sentiment, and the expectation of favorable policies continues to ferment, with funds continuously focusing on domestic demand-related sectors. Investors are generally paying attention to the recovery of domestic demand and the upgrading of consumer retail, providing short-term support for the overall market.

Popular Stocks

▪ Kwanlin Holdings (459.HK) surged 65.33% during the session, with a trading volume of HKD 2.9484 million. The company resumed trading today, rapidly attracting market attention with a sharp short-term rally, and active fund speculation, becoming one of today's hotspots.

▪ Yino Pharma -B (2591.HK) rose 15.49% during the session, with a trading volume of HKD 23.5544 million. After being included in the Shanghai-Hong Kong Stock Connect list, funds have significantly flowed in, driving a volatile upward trend, indicating concentrated speculation on the pharmaceutical theme by some retail investors.

▪ China Boton (3318.HK) rose 15.56% during the session, with a trading volume of HKD 15.6268 million. The company announced a major announcement, stating that it has signed a land acquisition agreement with the local government, and trading heat has increased after resuming trading, with market speculation sentiment significantly enhanced.

▪ China New Holdings (8125.HK) rose 17.31% during the session, with a trading volume of HKD 0.8074 million, showing active trends, reflecting the continued heat of small-cap stocks.

▪ Xinneng Low Carbon (145.HK) rose 15.38% during the session, with a trading volume of HKD 2.8520 million. Amid market excitement, low-carbon and green hotspots are driving rapid fund inflows.

Market Trading Volume TOP10

▪ Alibaba -W (9988.HK) rose 0.80%, with a trading volume of HKD 2.836 billion ▪ Tencent Holdings (700.HK) fell by 0.66%, with a trading volume of HKD 2.724 billion

▪ YOFC (6869.HK) rose by 4.80%, with a trading volume of HKD 1.474 billion

▪ Xiaomi Group -W (1810.HK) fell by 0.24%, with a trading volume of HKD 1.262 billion

▪ Pop Mart (9992.HK) fell by 1.42%, with a trading volume of HKD 1.164 billion

▪ SMIC (981.HK) fell by 1.89%, with a trading volume of HKD 1.080 billion

▪ Meituan -W (3690.HK) rose by 1.44%, with a trading volume of HKD 1.034 billion

▪ Horizon Robotics -W (9660.HK) rose by 2.53%, with a trading volume of HKD 596 million

▪ Agricultural Bank of China (1288.HK) fell by 1.05%, with a trading volume of HKD 553 million

▪ Hong Kong Stock Exchange (388.HK) fell by 1.10%, with a trading volume of HKD 548 million