Market Overview
▪ The Hong Kong stock market closed with mixed performance today, as major indices failed to continue the upward trend from the previous trading day.
▪ The Hang Seng Index closed down 0.04% at 25,530.51 points, having reached a new high yesterday, but saw a slight pullback today, indicating a clear short-term high-level fluctuation.
▪ The Hang Seng Tech Index closed at 5,534.59 points, down 0.83%, unable to continue refreshing its recent high, slightly retreating from yesterday's peak.
▪ The China Enterprises Index closed down 0.23% at 8,934.28 points, continuing its short-term adjustment without reaching a new high.
Sector Performance
▪ The banking sector experienced overall fluctuations today, with significant internal differentiation. The leading HSBC Holdings rose against the trend by 2.06%, becoming a focal point for funds, while China Construction Bank slightly increased by 0.13% and Industrial and Commercial Bank of China rose by 0.49%. Although there was a lack of sector-driven overall upward movement, some leading banks attracted incremental funds, indicating a growing market preference for quality bank assets.
▪ The real estate sector showed volatile consolidation, with no strong performance from mainstream stocks, and capital speculation was relatively dispersed, leading to a lack of sustained momentum in the sector.
▪ The liquor sector was generally weak, with leading stock Zhenjiu Lidu falling by 1.77%, reflecting weakened market demand and consumption momentum below expectations. Dynasty Fine Wines rose against the trend by 1.89%, but overall sector funds became more cautious, facing short-term pressure.
Macroeconomic Background
▪ On the macro level, the Hong Kong stock market is focused on a significant rebound in retail sales data, with the latest annual retail sales growth rate rising to 5.3%, indicating a recovery in consumption momentum. Expectations for domestic demand recovery are heating up, and investors continue to pay attention to fluctuations in external demand and the impact of the RMB exchange rate on corporate profits, with overall macro signals boosting structural opportunities in the market.
Popular Stocks
▪ ASIA GROCERY rose by 80.87% today, with a total trading volume of HKD 18.7721 million, becoming the biggest highlight of the day. Its strong surge attracted a large influx of short-term speculative funds, increasing attention on related thematic sectors.
▪ ALMANA rose by 64.21%, with a trading volume of HKD 3.2831 million, standing out among small-cap stocks, with significant increases in fund enthusiasm.
▪ TEAMWAY INTL GP rose by 58.73%, with a trading volume of HKD 1.7338 million, also seeing rapid fund entry during the day, leading to significant short-term volatility.
▪ Huilyang Technology rose by 14.76%, with a trading volume of HKD 648 million. The company's stock price has been strengthening recently, attracting attention from institutions and growth-oriented funds, reflecting positive market expectations for the digital economy and emerging technologies.
▪ XuanZhu Biotechnology -B rose by 14.16%, with a trading volume of HKD 47.2237 million, showing clear short-term fund inflow, with active performance in the biopharmaceutical sector during the day.
Market Trading Volume TOP10
▪ Alibaba -W latest trading price HKD 150.60, down 1.70%, trading volume HKD 9.053 billion
▪ Tencent Holdings latest trading price HKD 601.50, down 0.25%, trading volume HKD 7.536 billion
▪ Xiaomi Group -W latest transaction price HKD 42.18, increase of 0.96%, transaction amount HKD 5.188 billion
▪ Meituan -W latest transaction price HKD 101.50, increase of 1.50%, transaction amount HKD 4.189 billion
▪ SMIC latest transaction price HKD 67.15, decrease of 2.26%, transaction amount HKD 3.337 billion
▪ ZTE latest transaction price HKD 27.50, decrease of 13.08%, transaction amount HKD 3.036 billion
▪ Yangtze Optical Fibre and Cable latest transaction price HKD 43.88, increase of 4.28%, transaction amount HKD 2.843 billion
▪ HSBC Holdings latest transaction price HKD 114.00, increase of 2.06%, transaction amount HKD 2.473 billion
▪ Ping An Insurance latest transaction price HKD 61.50, increase of 0.49%, transaction amount HKD 2.003 billion
▪ AIA latest transaction price HKD 77.30, decrease of 0.26%, transaction amount HKD 1.852 billion

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Hong Kong stocks closed with mixed performance today, with major indices fluctuating at high levels. The Hang Seng Index slightly declined, while the Technology Index and the State-Owned Enterprises Index all fell. Some leading banks strengthened against the trend. The consumption-related liquor sector faced pressure, with funds focusing on certain small-cap stocks and leading technology growth stocks. Retail data boosted market attention on domestic demand recovery. Popular stocks such as ASIA GROCERY and ALMANA surged strongly, driving up the speculative sentiment. Technology and bank stocks saw active trading, and market enthusiasm remained high

- The Hong Kong stock market showed mixed performance today, with major indices unable to maintain recent highs; the Hang Seng Index fell 0.04% to 25,530.51 points.  
- The banking sector experienced volatility, with HSBC rising 2.06%, while the real estate and liquor sectors showed weak performance amid cautious market sentiment.  
- Retail sales data indicated a significant recovery, with a year-on-year increase of 5.3%, suggesting improved consumer demand and potential structural opportunities in the market.

Market Heartbeat

BABA-W

TENCENT

XIAOMI-W

MEITUAN

SMIC

ASIA GROCERY

ALMANA

Hong Kong Stock Market Close | Hang Seng Index fluctuates slightly down, Technology Index retreats, ASIA GROCERY rises over 80%, driving intraday hotspots