Market Overview
▪ In the Hong Kong stock market, the three major indices showed mixed performance.
▪ As of now, the Hang Seng Index is at 25,816.18 points, up 0.16%, consolidating in a volatile manner.
▪ The Hang Seng Tech Index rose during the session, reporting 5,500.69 points, an increase of 0.21%.
▪ The China Enterprises Index latest reported 8,906.46 points, down 0.08%.
Sector Performance
▪ The semiconductor sector was active against the market trend, attracting capital interest. SMIC performed outstandingly, surging 2.98% during the session, with a transaction volume of HKD 3.187 billion. The company's stock price increase was mainly driven by favorable factors such as changes in equity of its affiliated company, Fudan Microelectronics, reflecting the market's continued optimism about the industry's growth potential. Within the same sector, Hua Hong Semiconductor rose 0.92%, and Shanghai Fudan increased by 1.03%, both receiving active participation from funds. The entire semiconductor manufacturing sector maintains a high level of prosperity, boosting industry sentiment, with significant internal structural differentiation and capital flowing towards leading enterprises.
▪ The biopharmaceutical sector became the strongest hotspot during the session. BIOCYTOGEN-B soared 17.77%, with a transaction volume of HKD 274 million; the newly listed digital integrated health service and health insurance provider, Easy Health, continued its upward trend after a 158.82% surge on its first day, rising 13.46% today, with funds concentrated on innovative drugs and biotech tracks.
▪ Other heavyweight sectors showed relatively stable performance. Tencent Holdings remained steady at HKD 602, Alibaba slightly fell by 0.88%, and China Mobile decreased by 0.66%. HSBC Holdings, Ping An Insurance, Meituan, Xiaomi, and others were active in trading but overall exhibited a sideways trend.
Macroeconomic Background
▪ Key macroeconomic data shows that the CPI in November increased by 1.2% year-on-year, indicating mild inflation, and the market has positive expectations for the macro policy environment, which is conducive to restoring investment confidence.
▪ Retail sales volume year-on-year increased to 5.3%, with improved domestic demand driving overall market sentiment recovery. The sectoral differentiation partly benefited from improved consumption data, with more funds flowing towards growth and core asset sectors. Overall, the macro environment provides a favorable expectation basis for the performance of quality sectors and individual stocks, forming robust support for the performance of Hong Kong stocks during the session.
Popular Stocks
▪ Zhongwei New Materials (2579.HK) rose 12.10%, with a transaction volume of HKD 109 million, as funds focused on the niche materials industry, indicating an increase in investor risk appetite.
▪ Shin-Etsu Holdings (6038.HK) rose against the trend by 29.69%, with a transaction volume of HKD 11 million, reflecting active trading and a clear willingness of short-term funds to chase after thematic investments.
▪ China Shangcheng (2330.HK) increased by 20.31%, with a transaction volume of HKD 7 million, as small-cap high-elasticity stocks attracted hot money during the session.
Market Transaction Volume TOP10
▪ SMIC (981.HK) latest transaction price is 70.95, with an increase of 2.98%, and a transaction volume of HKD 3.187 billion.
▪ Tencent Holdings (700.HK) latest transaction price is 602.00, with no change, and a transaction volume of HKD 2.247 billion
▪ Alibaba -W (9988.HK) latest transaction price 145.9, decline 0.88%, intraday transaction amount HKD 1.798 billion
▪ China Mobile (941.HK) latest transaction price 82.3, decline 0.66%, intraday transaction amount HKD 1.211 billion
▪ Hua Hong Semiconductor (1347.HK) latest transaction price 70.95, increase 0.92%, intraday transaction amount HKD 1.124 billion
▪ HSBC Holdings (5.HK) latest transaction price 124.1, increase 1.47%, intraday transaction amount HKD 824 million
▪ Yangtze Optical Fibre and Cable (6869.HK) latest transaction price 56.35, increase 3.21%, intraday transaction amount HKD 759 million
▪ Xiaomi Group -W (1810.HK) latest transaction price 39.3, increase 0.26%, intraday transaction amount HKD 677 million
▪ Meituan -W (3690.HK) latest transaction price 103.6, increase 0.39%, intraday transaction amount HKD 621 million
▪ Ping An Insurance (2318.HK) latest transaction price 65.95, change 0.00%, intraday transaction amount HKD 551 million

02315

The three major indices of the Hong Kong stock market showed mixed trends during the trading session, with the semiconductor sector becoming active against the market trend due to capital inflow, and individual stocks in the consumer and growth sectors performing prominently. Against the backdrop of improving domestic demand and moderate inflation, investor funds are focusing on technology, high-end manufacturing, and structural opportunities. Overall, the market remains primarily in a high-level consolidation phase, with funds favoring leading stocks, and it is necessary to continue observing the pace of macroeconomic recovery and changes in market trading volume

- The Hong Kong stock market showed mixed performance, with the Hang Seng Index at 25,816.18, rising slightly by 0.16%.  
- The semiconductor sector was notably active, led by SMIC, which increased by 2.98%, buoyed by positive news regarding its affiliated companies.  
- Macro data indicated a 1.2% CPI increase in November, fostering a positive outlook for investment confidence and improving market sentiment.

Market Heartbeat

BIOCYTOGEN-B

SMIC

Hong Kong stocks intraday | Semiconductor sector strengthens against the trend, driving structural differentiation, SMIC rises 3.05%, BIOCYTOGEN-B surges 16.79% intraday