Market Overview
▪ The Hong Kong stock market showed stable performance during the trading session. As of the time of writing, the three major indices fluctuated within a narrow range at previous high levels.
▪ The Hang Seng Index reported 25,890.31 points during the session, up 0.34%, still some distance from the peak on December 12, maintaining a consolidation pattern in the short term.
▪ The Hang Seng Tech Index reported 5,523.27 points during the session, slightly down 0.06%, failing to continue the strong momentum after yesterday's (December 22) peak, currently experiencing high-level fluctuations.
▪ The China Enterprises Index reported 8,975.3 points during the session, rising 0.4%, also not breaking through the peak on December 12, showing overall stability.
Sector Performance
▪ The internet content and information sector faced overall pressure during the session, with funds leaning towards a wait-and-see approach. Tencent Holdings fell 1.55%, and Kuaishou dropped 3.37%, becoming the main laggards in the sector, reflecting weak short-term sentiment. In contrast, Baidu rose 0.75% during the session, mainly boosted by positive news regarding the promotion of autonomous taxi services, showing significant differentiation within the sector.
▪ The retail sector saw a slight increase during the session, with capital flows becoming more stable. Alibaba rose 0.96%, and JD.com rose 1.07%, both demonstrating valuation recovery and capital preference within the sector. Miniso, however, fell 1.14%, indicating internal differentiation, with overall sector sentiment being neutral to slightly positive.
▪ Stocks related to the mobility concept were stimulated by news of autonomous taxis, attracting capital attention to relevant companies. Companies like Baidu are advancing new businesses, enhancing investors' imagination about the prospects of the sector, with signs of localized capital inflow.
Macroeconomic Background
▪ In December, Hong Kong's retail sales volume year-on-year increased to 5.3%, reflecting a rebound in consumer confidence, which helps support the performance of consumer-related stocks during the session.
▪ Comprehensive CPI data is pending publication, and inflation impacts remain a concern. Changes in the external environment and macro policies are expected to continue affecting the narrow fluctuations of the indices, with investors remaining cautious.
Popular Stocks
▪ HK ROBOTICS surged 17.33% during the session, with a transaction volume of HKD 6.163 million, becoming the leader in the gainers' list. There was active short-term capital inflow, but no significant news-driven momentum, possibly indicating a preference for growth-themed small-cap stocks.
▪ Yijun Group Holdings rose 16.41%, with a transaction volume of HKD 2.5148 million, and the market did not see any major public news, with prominent speculative capital showing clear short-term buying characteristics.
▪ Xinbao Global Holdings increased by 12.73%, with a transaction volume of HKD 3.4767 million, gaining short-term popularity among investors.
▪ CIMC Enric Holdings rose 7.36%, with a transaction volume of HKD 66.6457 million, reflecting increased capital attention to manufacturing growth stocks.
▪ Cathay Pacific Airways rose 6.82%, with a transaction volume of HKD 194 million, as investors focused on transportation and mobility themes, with structural inflows of main capital.
Market Transaction Volume TOP10
▪ Tencent Holdings (700.HK), down 1.55%, transaction volume of HKD 2.888 billion
▪ Kuaishou -W (1024.HK), down 3.30%, turnover HKD 2.299 billion
▪ Alibaba -W (9988.HK), up 0.96%, turnover HKD 2.076 billion
▪ Xiaomi Group -W (1810.HK), down 1.26%, turnover HKD 1.656 billion
▪ SMIC (981.HK), up 1.45%, turnover HKD 1.442 billion
▪ Yangtze Optical Fibre and Cable (6869.HK), down 0.70%, turnover HKD 1.205 billion
▪ Ping An Insurance (2318.HK), up 2.30%, turnover HKD 1.093 billion
▪ CSPC Pharmaceutical Group (1093.HK), up 4.97%, turnover HKD 1.088 billion
▪ Sanhua Intelligent Control (2050.HK), down 4.80%, turnover HKD 0.967 billion
▪越疆 (2432.HK), down 13.23%, turnover HKD 0.879 billion

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The three major indices of the Hong Kong stock market performed steadily during the trading session, with the Hang Seng Index and the Hang Seng China Enterprises Index slightly rising, while the Hang Seng Tech Index fluctuated at a high level. The internet content and information sector faced pressure, with Tencent Holdings and Kuaishou leading the declines, while Baidu rose against the trend due to news about autonomous driving. The retail sector showed stable performance, with Alibaba and JD.com slightly up. Retail sales year-on-year growth in December increased to 5.3%, and consumer confidence rebounded, but the market remains attentive to changes in CPI and the macro environment. Stocks such as HK ROBOTICS and Yijun Group Holdings saw significant gains, with capital activity concentrated in internet and certain manufacturing growth stocks

Market Heartbeat

TENCENT

KUAISHOU-W

BABA-W

XIAOMI-W

SMIC

HK ROBOTICS

BIDU-SW

Baidu

JD-SW

JD.com

Hong Kong Stock Market Intraday | Hang Seng Index Consolidates at High Levels, Retail Sector Slightly Rises, HK ROBOTICS Shows Significant Gains