Market Overview▪ The Hong Kong stock market saw a steady rise in the afternoon session today, reversing the downward trend in the morning. All three major indices closed higher, with market sentiment showing a mild recovery.▪ The Hang Seng Index closed at 25,540.78 points, up 0.42%.▪ The Hang Seng Tech Index closed at 5,581.1 points, up 0.48%.▪ The China Enterprises Index closed at 8,954.69 points, with an increase of 0.2%.Sector Performance▪ The retail sector showed overall volatility with mixed performance. The leading company Alibaba -W rose by 1.52%, with noticeable capital inflow, reflecting investors' continued optimism towards the e-commerce leader. JD.com -SW slightly dipped by 0.09%, with market trading appearing cautious. Miniso saw a peak increase of 2.5% in the morning but narrowed its gains to 0.74% by the close. The sector's performance was influenced to some extent by consumer fundamentals and corporate earnings, with capital choosing to differentiate within the sector.▪ The internet content and information sector saw a mild increase. Tencent Holdings rose by 0.08%, Baidu -SW increased by 1.81%, and Kuaishou -W rose by 0.75%. The industry as a whole attracted capital attention, with the sector benefiting from spontaneous adjustments and capital inflow, as major leaders generally recorded positive performances.▪ The dining sector generally rose, becoming a focal point for capital activity today. Meituan -W increased by 2.72%, surpassing the HKD 100.00 mark, making it a hot topic in the industry and market. HAIDILAO rose by 3.45%, and Yum China increased by 2.02%, both indicating that expectations for technological growth and improved consumer sentiment boosted the sector's performance. The warming growth style and increased risk appetite are driving forces for the dining sector's upward movement, with continuous capital inflow into mainstream dining enterprises.Macroeconomic Background▪ Recently, the Hong Kong stock market has focused on the continued rise in retail sales year-on-year, reflecting a stabilization in consumer trends and an ongoing economic recovery. Data on consumption, exports, and employment have become important references for driving structural market trends. Improvements in the macro environment help highlight the performance of consumption and growth sectors, with market sentiment showing a mild recovery.Popular Stocks▪ Sino Biopharmaceutical -B rose by 19.15%, with capital clearly focusing on high-volatility growth stocks at this stage, and significant short-term profit inflow, with a trading volume of HKD 231.94 million, reflecting enthusiasm for short-term speculation.▪ Design Metro surged by 49.40%, with a trading volume of HKD 1.79 million. This type of small-cap concept stock showed significant abnormal movements, with clear characteristics of capital betting at low levels.▪ China Boton rose by 16.11%, with a trading volume of HKD 24.96 million, announcing that its wholly-owned subsidiary signed a land acquisition agreement with the local government, exchanging for cash compensation of HKD 2.2719 billion.▪ Vanke Enterprises rose by 13.17%, with a trading volume of HKD 1,156.60 million, holding a meeting with creditors today, planning to pay part of the interest to attract support for debt extension. This move aims to avoid default, and the market reacted positively to the extension plan, with some rebound capital beginning to enter.▪ China Science and Technology Innovation Industry Investment surged by 42.76%, with a trading volume of HKD 1.68 million, with speculative capital active, exposing market preferences for rapid rotation and small-cap stock speculationMarket Trading Volume TOP10▪ Alibaba -W (9988.HK) closing price HKD 153.20, increase of 1.52%, trading volume HKD 9.322 billion▪ Tencent Holdings (700.HK) closing price HKD 603.00, increase of 0.08%, trading volume HKD 8.843 billion▪ Meituan -W (3690.HK) closing price HKD 100.00, increase of 2.72%, trading volume HKD 5.117 billion▪ Xiaomi Group -W (1810.HK) closing price HKD 41.78, increase of 1.26%, trading volume HKD 4.690 billion▪ Yangtze Optical Fibre and Cable (6869.HK) closing price HKD 42.08, increase of 10.97%, trading volume HKD 3.261 billion▪ SMIC (981.HK) closing price HKD 68.70, decrease of 0.22%, trading volume HKD 3.009 billion▪ Pop Mart (9992.HK) closing price HKD 190.40, increase of 0.05%, trading volume HKD 2.900 billion▪ Horizon Robotics -W (9660.HK) closing price HKD 8.98, increase of 3.22%, trading volume HKD 2.409 billion▪ China Construction Bank (939.HK) closing price HKD 7.57, decrease of 0.53%, trading volume HKD 2.271 billion▪ China Merchants Bank (3968.HK) closing price HKD 50.40, decrease of 3.08%, trading volume HKD 1.981 billion

The Hong Kong stock market closed today with all three major indices slightly up. The Hang Seng Index and the Hang Seng Tech Index failed to break through their recent highs, with structural opportunities in the market concentrated in the internet and technology sectors. Leading companies in the restaurant and technology sectors performed prominently, while restaurant and internet growth stocks attracted capital attention. Improved consumer data continues to support market sentiment, and some small-cap stocks experienced significant fluctuations

- The Hong Kong stock market showed a robust recovery today, with all three major indices closing higher, reflecting improved market sentiment.  
- The Hang Seng Index closed at 25,540.78 points, up 0.42%, while the Hang Seng Tech Index rose 0.48% to 5,581.1 points.  
- Retail and restaurant sectors saw varied performances, with notable gains in Meituan and Haidilao, driven by positive consumer trends and increased risk appetite.

Market Heartbeat

Hang Seng Index

BABA-W

JD-SW

MNSO

TENCENT

BIDU-SW

KUAISHOU-W

MEITUAN

YUM CHINA

INNOGEN-B

DESIGN CAPITAL

CHINA BOTON

CHINA VANKE

CN SCI-TECH IND

XIAOMI-W

YOFC

Meituan

HAIDILAO

Hong Kong stocks closed｜Three major indices closed higher! Technology and catering stocks led the rise, with Meituan up 2.72% and HAIDILAO soaring