Market Overview
▪ Hong Kong stocks surged strongly in the afternoon, with all three major indices rising simultaneously.
▪ The Hang Seng Index closed at 25,468.78 points, up 0.92%.
▪ The Hang Seng Tech Index closed at 5,457.95 points, up 1.03%.
▪ The National Enterprises Index closed at 8,843.57 points, up 0.98%.
Sector Performance
▪ The technology and internet content sectors performed strongly across the board, with leading stock Tencent Holdings rising 1.42%, and Kuaishou and Baidu both up 1.72%. The tech leaders benefited from AI innovation and favorable policies, with funds continuously flowing into the tech sector.
▪ The retail sector showed positive performance, with Alibaba rising 1.25%, JD.com up 1.26%, and Miniso up 1.96%, reflecting a rebound in consumer sentiment, with funds focusing on consumption recovery-related targets.
▪ The hardware sector showed divergence, with Xiaomi Group surging in the afternoon, ultimately closing up 0.78%, while Lenovo Group fell 0.83%, indicating clear structural opportunities within the sector, with some leaders still favored by funds.
Macroeconomic Background
▪ The latest retail sales year-on-year growth remained at 5.3%, showing clear signs of consumption recovery, providing positive support for the market.
▪ Against the backdrop of external environmental fluctuations, the market is focusing on employment, trade, and PMI data, as these economic indicators are expected to continue influencing subsequent market sentiment and corporate earnings performance.
Popular Stocks
▪ YOFC (6869.HK) surged 21.21%, with the latest transaction amounting to HKD 3.078 billion. The company was driven by demand for AI computing power, attracting concentrated buying, becoming a strong market target, and increasing attention on the optical communication sector.
▪ WuXi AppTec -B rose 17.41%, with the latest transaction amounting to HKD 390 million. The company announced positive clinical results for Tienogratinib published in a Lancet subsidiary, leading to short-term speculation in pharmaceutical innovation-related stocks, increasing market attention.
▪ Shin-Etsu Holdings rose 34.78%, with the latest transaction amounting to HKD 11.9768 million. Influenced by short-term speculative funds, the stock price showed significant volatility, with trading volume significantly increasing and active trading.
▪ Times China Holdings rose 39.25%, with the latest transaction amounting to HKD 3.5829 million. Small-cap real estate stocks led the gains in this round, with active trading and clear characteristics of fund speculation.
▪ Huishi Media rose 37.50%, with the latest transaction amounting to HKD 1.6564 million. Market funds were active in the media and advertising sub-sector, with intensified short-term speculation, leading to significant price fluctuations.
Market Transaction Amount TOP10
▪ Tencent Holdings (700.HK) latest transaction price HKD 605.00, up 1.42%, transaction amount HKD 8.913 billion.
▪ Alibaba -W (9988.HK) latest transaction price HKD 146.00, up 1.25%, transaction amount HKD 8.791 billion.
▪ Xiaomi Group -W (1810.HK) latest transaction price HKD 41.22, up 0.78%, transaction amount HKD 4.151 billion
▪ Meituan-W (3690.HK) latest transaction price HKD 101.30, increase of 1.81%, transaction amount HKD 3.857 billion
▪ YOFC (6869.HK) latest transaction price HKD 46.52, increase of 21.21%, transaction amount HKD 3.078 billion
▪ Ping An Insurance (2318.HK) latest transaction price HKD 65.05, increase of 1.80%, transaction amount HKD 2.731 billion
▪ China Life Insurance (2628.HK) latest transaction price HKD 28.56, increase of 4.31%, transaction amount HKD 2.600 billion
▪ SMIC (981.HK) latest transaction price HKD 64.75, increase of 2.05%, transaction amount HKD 2.593 billion
▪ AIA Group (1299.HK) latest transaction price HKD 80.95, increase of 1.44%, transaction amount HKD 2.012 billion
▪ BYD Company (1211.HK) latest transaction price HKD 95.25, increase of 0.74%, transaction amount HKD 1.937 billion

The Hong Kong stock market closed today with all three major indices rising simultaneously, with the Hang Seng Index, Hang Seng Tech Index, and the National Enterprises Index all recording an increase of nearly 1%. The technology consumption sectors, such as internet content and information, performed remarkably well, with leading companies like Tencent Holdings seeing gains, and the technology sector once again attracting market funds. Retail sales maintained a year-on-year growth of 5.3%, signaling a clear recovery in consumption and boosting the market's bullish sentiment. Stocks like YOFC surged significantly, with hot funds focusing on high-elasticity targets. Overall market sentiment is positive, with structural funds flowing into technology and consumption sectors

- The Hong Kong stock market showed a strong afternoon rally, with the Hang Seng Index closing at 25,468.78 points, up 0.92%.  
- Major stock movements included Tencent up 1.42% and Alibaba up 1.25%, driven by positive retail sales growth and strong AI demand.  
- Notable gainers included Changfei Optical Fiber, which surged 21.21%, highlighting increased market focus on tech and communication sectors.

Market Heartbeat

YOFC

TENCENT

KUAISHOU-W

BIDU-SW

BABA-W

JD-SW

MNSO

XIAOMI-W

LENOVO GROUP

TRANSTHERA-B

G & M HLDGS

TIMES CHINA

ADTIGER CORP

MEITUAN

Tencent

Tencent Holdings Limited

Hong Kong stock market closing | Hang Seng Index rose 0.92%, technology and consumer sectors strengthened, YOFC surged 21.21%