Market Overview
▪ During intraday trading of Hong Kong stocks, the three major indices performed steadily overall. As of now, the Hang Seng Index is at 26,019.33 points, up 0.78%. Although it is still slightly away from the peak on December 5, there are clear signs of short-term fluctuations and consolidation.
▪ The Hang Seng Tech Index is currently at 5,612.63 points, with an increase of 2.06%. It has been continuously recovering since the peak on December 12, but has not yet broken through recent highs, with improved sentiment in tech stocks.
▪ The China Enterprises Index rose 1.31% during intraday trading, currently at 9,032.14 points, still showing a gap from the peak on December 12, and overall following the market's upward fluctuations.
Sector Performance
▪ The internet content and information sector generally rose during intraday trading, driven by a rebound in market demand. Leading stock Tencent Holdings increased by 0.5%, with a latest transaction amount of HKD 3.911 billion. Kuaishou-W rose by 1.55%, with a transaction amount of HKD 609 million, and Baidu-SW rose by 2.26%, with a transaction amount of HKD 211 million. The sector overall received active capital allocation, with a clear recovery in sentiment, reflecting an improvement in industry prosperity.
▪ The hardware, storage, and peripherals sector strengthened overall, with AI applications becoming the market's focus. Xiaomi Group-W rose by 1.22%, with a transaction amount of HKD 3.563 billion, seeing significant capital inflow. Lenovo Group rose by 1.18%, with a transaction amount of HKD 114 million, and has been actively laying out in the AI super entrance track recently; Lenovo Holdings rose by 1.59%, with a transaction amount of HKD 9 million. The sector internally benefited from positive catalysts, with short-term capital actively participating.
▪ The retail sector opened high and rose further, with increased capital attention driven by consumer recovery. Alibaba-W rose by 0.89%, with a transaction amount of HKD 3.238 billion, JD-SW rose by 1.33%, with a transaction amount of HKD 260 million, and Miniso rose by 2.20%, with a transaction amount of HKD 40 million. Leading stocks received continuous capital inflow, with the sector's heat significantly rising, reflecting a trend of domestic demand recovery.
Macroeconomic Background
▪ In the past month, the year-on-year retail sales volume in the Hong Kong stock market rose from 4.8% to 5.3%, indicating a rebound in consumer momentum and an accelerated pace of domestic demand recovery. Affected by external uncertainties, investors are focusing on allocation opportunities in the retail and domestic demand sectors. Short-term market sentiment is showing positivity, driving continuous activity in related sectors.
Popular Stocks
▪ MicroPort Scientific Corporation-B (2252.HK) rose by 24.06% during intraday trading, with a transaction amount of HKD 282 million. There are no significant company-level news, but it has attracted concentrated short-term capital, becoming a strong stock in the market for the day, attracting high-risk preference capital inflow.
▪ Base Metal Group (8460.HK) rose by 37.60% during intraday trading, with a transaction amount of HKD 26.1838 million. The company's stock price showed significant volatility, with no new news, driven by a rebound from overselling and the entry of short-term speculative capital, expanding the increase.
▪ JunDa Co., Ltd. (2865.HK) rose by 20.12% during intraday trading, with a transaction amount of HKD 257 million. Influenced by market speculation, capital followed suit, driving a significant price increase
▪ Goldwind Technology (2208.HK) rose 15.57% during the session, with a transaction amount of HKD 733 million. Funds concentrated inflow, and the short-term trading atmosphere was strong, significantly increasing the sector's activity.
▪ Youjia Innovation (2431.HK) rose 16.09% during the session, with a transaction amount of HKD 152 million. Fund involvement was evident, market attention increased, leading to significant stock price fluctuations.
Market Transaction Amount TOP10
▪ Tencent Holdings (700.HK) latest transaction price HKD 606.00, increase of 0.5%, transaction amount HKD 3.911 billion
▪ Xiaomi Group -W (1810.HK) latest transaction price HKD 39.70, increase of 1.22%, transaction amount HKD 3.563 billion
▪ Alibaba -W (9988.HK) latest transaction price HKD 147.30, increase of 0.89%, transaction amount HKD 3.238 billion
▪ SMIC (981.HK) latest transaction price HKD 72.05, increase of 1.41%, transaction amount HKD 2.413 billion
▪ Meituan -W (3690.HK) latest transaction price HKD 106.50, increase of 3.2%, transaction amount HKD 2.354 billion
▪ Zijin Mining (2899.HK) latest transaction price HKD 35.64, increase of 1.31%, transaction amount HKD 1.33 billion
▪ Ping An Insurance (2318.HK) latest transaction price HKD 67.15, increase of 1.44%, transaction amount HKD 1.308 billion
▪ UBTECH (9880.HK) latest transaction price HKD 122.70, increase of 12.05%, transaction amount HKD 1.207 billion
▪ BYD Company (1211.HK) latest transaction price HKD 99.45, increase of 6.25%, transaction amount HKD 1.106 billion
▪ Jiangxi Copper (358.HK) latest transaction price HKD 41.18, increase of 10.58%, transaction amount HKD 1.104 billion

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The three major indices of the Hong Kong stock market rose collectively during the session, with the Hang Seng Tech Index showing significant gains, driving the internet, hardware, and retail sectors to strengthen broadly. Leading companies such as Tencent Holdings, Xiaomi Group -W, and Alibaba -W have all attracted investor attention, and market sentiment is positive in the short term. The combination of domestic demand and the enthusiasm for technological innovation, along with the latest retail data showing signs of recovery, has kept capital active in core assets, maintaining a high overall trading volume

- Hong Kong stocks exhibited stable performance, with the Hang Seng Index rising 0.78% to 26,019.33 points.  
- The tech and retail sectors showed gains, reflecting improved market sentiment and a recovery in consumer demand, with industry leaders like Tencent and Alibaba seeing increased trading volumes.  
- The latest data indicated a rise in retail sales growth from 4.8% to 5.3%, accelerating the recovery in domestic demand and attracting investors' focus on retail opportunities.

Market Heartbeat

TENCENT

BABA-W

XIAOMI-W

SMIC

MEITUAN

Tencent Holdings Limited

Xiaomi Corporation

Tencent

Alibaba

Hong Kong stocks intraday | Technology and retail rise together, Hang Seng Technology Index up 2.06%, popular stocks see active capital