Market Overview
▪ The Hong Kong stock market performed steadily during the trading session, with the Hang Seng Index currently at 25,660.38 points, up 0.64%. Although it has not reached a new high for the period, it remains relatively strong since December 12.
▪ The Hang Seng Tech Index rose during the session, currently at 5,475.8 points, up 1.06%. There is still a certain gap from the recent high reached on December 15, but short-term performance is noticeably active.
▪ The China Enterprises Index continued to rise during the session, currently at 8,890.02 points, up 0.55%. It has been consolidating since the high point on December 15 and is currently stable in the high range.
Sector Performance
▪ The internet content sector generally rose during the session, with several leading stocks active. Tencent Holdings rose 1.24%, Kuaishou rose 1.30%, and Baidu rose 0.94%. Funds continue to focus on large-cap, high-liquidity targets, driving up sector enthusiasm, with a strong short-term speculative atmosphere.
▪ The retail sector showed mixed performance. Alibaba rose 0.69%, JD.com slightly fell 0.09%, and Miniso fell 0.95%. New products and individual stock performance affected the internal structure adjustment of the sector. There is short-term rotation within the sector, with funds favoring stocks with stable performance and high activity. Consumer sentiment has improved but remains clearly differentiated.
▪ The communication equipment sector surged significantly during the session, becoming the strongest market hotspot. Yangtze Optical Fibre and Cable rose 10.39%, ZTE Corporation rose 1.19%, and Cambridge Technology rose 2.90%. Driven by speculation in the tech market and the sector's high elasticity characteristics, some funds concentrated on core leading stocks in the industry chain, pushing stock prices higher with significant trading volume.
Macroeconomic Background
▪ The latest retail sales volume in Hong Kong rose by 5.3% year-on-year, reflecting a recovery in consumer confidence, which supports the overall market. Meanwhile, fluctuations in the RMB exchange rate and export performance, combined with external environmental variables, have made investor sentiment relatively cautious. Short-term funds are focusing on local consumption and high-growth industries in Hong Kong.
Popular Stocks
▪ Youjia Innovation surged 15.79% during the session, with significant fund inflow and strong performance, making it an active high-elasticity theme in the market with notable overall liquidity.
▪ Zhejiang Shibao rose 12.15% during the session, following the rotation of high-elasticity targets, with active trading and strong speculative sentiment.
▪ Yangtze Optical Fibre and Cable performed outstandingly, surging 10.39% during the session, with a trading volume of HKD 1.519 billion, becoming the absolute leader in the communication equipment sector, with funds highly concentrated, boosting the overall industry chain.
▪ Kangqiao Yuelife soared 30.43% during the session, but the trading volume was low at HKD 840,600, indicating significant short-term inflow and outflow of funds under high volatility.
▪ Tianrui Automotive Interiors rose 12.89% during the session, with increased activity and heightened short-term fund attention.
Market Trading Volume TOP10
▪ Tencent Holdings (700.HK) latest trading price is HKD 612.5, up 1.24%, with a trading volume of HKD 2.297 billion
▪ Alibaba (9988.HK) latest transaction price HKD 145.1, increase of 0.69%, transaction amount HKD 2.21 billion
▪ YOFC (6869.HK) latest transaction price HKD 51, increase of 10.39%, transaction amount HKD 1.52 billion
▪ Xiaomi Group (1810.HK) latest transaction price HKD 40.48, increase of 0.70%, transaction amount HKD 1.14 billion
▪ Meituan (3690.HK) latest transaction price HKD 102.1, increase of 0.69%, transaction amount HKD 974 million
▪ Horizon Robotics (9660.HK) latest transaction price HKD 9.12, increase of 7.04%, transaction amount HKD 863 million
▪ SMIC (981.HK) latest transaction price HKD 65.8, increase of 1.70%, transaction amount HKD 815 million
▪ CSPC Pharmaceutical Group (1093.HK) latest transaction price HKD 8.18, increase of 2.12%, transaction amount HKD 717 million
▪ XPeng (9868.HK) latest transaction price HKD 74.8, increase of 5.06%, transaction amount HKD 711 million
▪ Zijin Mining (2899.HK) latest transaction price HKD 33.26, increase of 0.18%, transaction amount HKD 637 million

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The three major indices of the Hong Kong stock market rose across the board, with the Hang Seng Index and the Hang Seng Tech Index continuing to strengthen, while the National Enterprises Index consolidated at a high level. The market style leaned towards the technology and communication equipment sectors, with leading stocks such as TENCENT and YOFC performing well, driving active capital. The year-on-year increase in retail sales boosted consumer confidence, and the market showed prominent characteristics of rotation and sector differentiation. High-elasticity stocks frequently exhibited significant gains, driving overall market sentiment and capital focusing on high-growth tracks

- The Hong Kong stock market shows steady performance, with the Hang Seng Index at 25,660.38 points, up 0.64%.  
- The technology and communications sectors experience significant gains, as companies like Tencent and Changfei Fiber Optic see notable increases in stock prices due to robust market sentiment and liquidity.  
- Retail sales growth reflects recovering consumer confidence, while caution remains among investors amid external uncertainties affecting currency and export performance.

Market Heartbeat

TENCENT

BABA-W

YOFC

XIAOMI-W

MEITUAN

Hang Seng TECH Index

Tencent

Tencent Holdings Limited

Hong Kong Stock Market Intraday | The Hang Seng Index and the Hang Seng Tech Index both rose, with the communication equipment sector shining, and YOFC leading the gains