Market Overview
▪ The Hong Kong stock market opened slightly higher, with the three major indices showing small gains.
▪ As of now, the Hang Seng Index is at 25,754.34 points, up 0.25%.
▪ The Hang Seng Tech Index is currently at 5,521.31 points, up 0.77%.
▪ The China Enterprises Index is at 8,926.78 points, up 0.29%.
Sector Performance
▪ The internet sector showed mixed performance. Benefiting from innovations in AI and robotics, Baidu-SW (9888.HK) rose 1.52%, Tencent Holdings (700.HK) slightly increased by 0.08%, and Kuaishou-W (1024.HK) edged up 0.23%. Overall, there was a localized inflow of funds, with tech blue chips receiving some incremental capital, highlighting structural opportunities in the market.
▪ Hong Kong chip stocks led the gains, with InnoCare Pharma (02577.HK) and SMIC (00981.HK) both rising over 4%. Other stocks like Hua Hong Semiconductor (01347.HK), Horizon Robotics (09660.HK), Jingmen Semiconductor (02878.HK), and ZTE Corporation (00763.HK) also saw increases.
▪ The hardware sector experienced increased volatility, with Xiaomi Group-W (1810.HK) dropping 1.18% due to channel benefits, while Lenovo Group (992.HK) rose 0.11%. Some star stocks showed divergent performance, with funds flowing in and out in the short term, resulting in an overall volatile pattern in the hardware sector and rapid switching of market hotspots.
Macroeconomic Background
▪ The Hong Kong stock market was supported by the latest retail sales annual growth rate rising to 5.3%, sustaining the momentum of consumption and economic recovery, which helped underpin market risk appetite. Investors continue to pay attention to the release of mainland data and fluctuations in the RMB exchange rate, while being wary of how external uncertainties may impact liquidity in the Hong Kong stock market.
Popular Stocks
▪ YOFC (6869.HK) rose 11.88% during the session, with the latest transaction amounting to HKD 1.658 billion. The stock surged on increased volume, becoming the leader in its sector, stimulating further capital inflow and boosting related hardware and 5G concepts.
▪ China Duty Free Group (1880.HK) increased by 10.25% during the session, with the latest transaction amounting to HKD 445 million. The duty-free policy in Hainan has become a catalyst for profits, with significant capital inflow, resonating with the recovery in consumption and strong retail expectations, driving the stock price to lead the gains.
▪ Zhongyuan Jianye (9982.HK) surged 37.27% during the session, with the latest transaction amounting to HKD 24.977 million. The company's stock price significantly rose after resuming trading after 20 months, with notable capital speculation behind the surge, creating a strong short-term trading atmosphere in the market.
▪ Huiju Technology (1729.HK) soared 15.28% during the session, reaching a new 52-week high, with the latest transaction amounting to HKD 342 million. The stock was heavily pursued by incremental capital in the short term, rapidly pushing up the price and becoming a highly watched active target in the market.
Top 10 Market Transaction Amounts
▪ Alibaba -W (9988.HK) latest transaction price HKD 146.70, up 0.96%, transaction amount HKD 3.625 billion
▪ Tencent Holdings (700.HK) latest transaction price HKD 614.50, up 0.08%, transaction amount HKD 3.367 billion
▪ Xiaomi Group -W (1810.HK) latest transaction price HKD 40.06, down 1.18%, transaction amount HKD 2.106 billion
▪ SMIC (981.HK) latest transaction price HKD 68.15, up 4.77%, transaction amount HKD 2.079 billion
▪ YOFC (6869.HK) latest transaction price HKD 58.00, up 12.08%, transaction amount HKD 1.660 billion
▪ Meituan -W (3690.HK) latest transaction price HKD 103.20, up 0.49%, transaction amount HKD 1.385 billion
▪ HSBC Holdings (5.HK) latest transaction price HKD 120.70, up 1.17%, transaction amount HKD 1.077 billion
▪ Zijin Mining (2899.HK) latest transaction price HKD 35.00, up 4.17%, transaction amount HKD 902 million
▪ SenseTime -W (20.HK) latest transaction price HKD 2.01, up 6.91%, transaction amount HKD 792 million
▪ Pop Mart (9992.HK) latest transaction price HKD 200.60, up 3.99%, transaction amount HKD 749 million

The three major indices of the Hong Kong stock market maintained narrow fluctuations during the trading session, with the Hang Seng Index slightly rising. The technology sector rebounded but did not reach new highs. There was a clear divergence in the retail, internet, and hardware sectors, with market hotspots rapidly switching. Stocks such as YOFC and Huiju Technology surged. On the macro level, retail sales data supported investment sentiment, with mainstream funds concentrated in core blue chips and high-elasticity strong stocks

- Hong Kong's stock market opened slightly higher, with the Hang Seng Index at 25,754.34 points, up 0.25%.  
- Notable performance includes China Fiber Optic (6869.HK) rising 11.88% and Zhongjin Tianyi (1880.HK) increasing by 10.25%, driven by strong retail sales growth of 5.3%.  
- Investor focus remains on mainland data and external uncertainties impacting liquidity in Hong Kong stocks, as tech and hardware sectors show varying performances.

LB Select

YOFC

Baidu

BIDU-SW

TENCENT

KUAISHOU-W

INNOSCIENCE

SMIC

HUA HONG SEMI

HORIZONROBOT-W

SOLOMON SYSTECH

XIAOMI-W

LENOVO GROUP

CTG DUTY-FREE

CENTRALCHINA MT

TIME INTERCON

BABA-W

Hong Kong stocks intraday | The three major indices opened higher, with the technology and AI sectors active. Baidu rose 1.52%, YOFC surged 11.4%, and chip stocks performed strongly