Market Overview
▪ In the Hong Kong stock market, the three major indices showed mixed performance. As of now, the Hang Seng Index is at 25,705.79 points, down 0.44%. Although it has pulled back, it remains at a high level, retreating from the new high reached on December 24, with signs of consolidation in the short-term trend.
▪ The Hang Seng Tech Index rebounded slightly during the session, currently at 5,517.46 points, up 0.33%. After reaching a recent high on December 22, it has maintained a high level of volatility but has not been able to break through the previous high, with the technical outlook still strong.
▪ The China Enterprises Index rose slightly during the session, currently at 8,918.91 points, up 0.04%. The trend remains below the recent high on December 22, with the range-bound pattern unchanged and a clear atmosphere of market caution.
Sector Performance
▪ The internet content and information sector showed weak fluctuations during the session, lacking positive drivers, with overall cautious capital flow. Leading company Tencent Holdings fell 0.91%, with a trading volume of HKD 7.812 billion. Kuaishou-W dropped 0.70%, and Baidu-SW rose slightly by 0.42%. There are currently no significant catalysts for mainstream internet companies, and no trend-driven capital inflow has emerged.
▪ The retail sector overall retreated, with insufficient market confidence and cautious capital flow. Alibaba-W fell 1.23%, with a trading volume of HKD 6.476 billion. JD-SW dropped 0.18%, and Miniso fell 0.38%. Although some retail data has shown signs of recovery, the sector's performance remains weak, and investor sentiment is conservative.
▪ The hardware, storage, and peripherals sector experienced downward fluctuations during the session. Leading company Xiaomi Group fell 1.07%, with a trading volume of HKD 5.787 billion. Lenovo Group dropped 0.21%, with a trading volume of HKD 355 million. Despite Lenovo Group's increased investment in AI super entrance layout, this positive news did not strengthen the overall sector, and there is a strong sense of capital caution.
Macroeconomic Background
▪ Hong Kong's retail sales volume year-on-year recorded 5.3%, higher than the previous period, indicating that the consumer market is warming up, with macroeconomic data continuing to improve towards the end of the year. Recently, market funds have focused on quality leaders and consumer recovery sectors, with trade and consumption performance becoming the core focus of the market. However, overall caution remains heavy, with capital allocation leaning more towards defensive strategies.
Popular Stocks
▪ DATA UNION CAP (8375.HK) surged 79.17% during the session, with a trading volume of HKD 36.3996 million. Although there is no recent company news, concentrated capital inflow has driven up the stock price, indicating a strong short-term speculative atmosphere, making it the biggest dark horse of the session.
▪ Base Championship Group (8460.HK) rose 53.60%, with a trading volume of HKD 45.3756 million. Capital is chasing short-term opportunities brought by themes and volatility, with increased market attention from active funds.
▪ MicroPort Scientific -B (2252.HK) rose 23.96% during the session, with a trading volume of HKD 526 million. The approval of new products and a surge in orders boosted the stock price.
▪ JunDa Co., Ltd. (2865.HK) rose 22.47%, with a trading volume of HKD 415 million. Continuous capital inflow has driven the stock price to fluctuate at a high level, with the market having positive growth expectations for its future
▪ China Goldstone (1380.HK) rose 33.33%, with a transaction amount of HKD 15.0003 million. Despite no substantial news, there are clear signs of speculative trading during the session, with popular stocks rapidly rotating.
Market Transaction Amount TOP10
▪ Tencent Holdings (700.HK) latest transaction price HKD 597.50, down 0.91%, transaction amount HKD 7.812 billion
▪ Alibaba -W (9988.HK) latest transaction price HKD 144.20, down 1.23%, transaction amount HKD 6.476 billion
▪ Xiaomi Group -W (1810.HK) latest transaction price HKD 38.80, down 1.07%, transaction amount HKD 5.787 billion
▪ SMIC (981.HK) latest transaction price HKD 70.55, down 0.7%, transaction amount HKD 4.572 billion
▪ Meituan -W (3690.HK) latest transaction price HKD 104.80, up 1.55%, transaction amount HKD 4.449 billion
▪ Zijin Mining (2899.HK) latest transaction price HKD 34.28, down 2.56%, transaction amount HKD 2.596 billion
▪ Ping An Insurance (2318.HK) latest transaction price HKD 66.40, up 0.3%, transaction amount HKD 2.296 billion
▪ China Mobile (941.HK) latest transaction price HKD 81.75, down 1.27%, transaction amount HKD 2.288 billion
▪ BYD Company (1211.HK) latest transaction price HKD 98.10, up 4.81%, transaction amount HKD 2.158 billion
▪ UBTECH (9880.HK) latest transaction price HKD 119.30, up 8.95%, transaction amount HKD 2.007 billion

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The three major indices of the Hong Kong stock market showed mixed performance during the session: the Hang Seng Index fluctuated and consolidated, the Hang Seng Tech Index rebounded slightly, and the State-Owned Enterprises Index maintained a slight increase. Major sectors such as internet, retail, and hardware were all in a weak downward trend, with leading stocks Tencent Holdings, Alibaba, and Xiaomi Group all declining, while only Meituan performed strongly against the trend. Capital hotspots were concentrated on consumer recovery and the unusual movements of certain stocks, with DATA UNION CAP surging during the session. On the macro level, retail data showed a year-on-year rebound, and capital continued to focus on high-quality leaders and consumer recovery opportunities, while market sentiment remained relatively cautious

Market Heartbeat

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Hong Kong stocks intraday | The technology index rebounded slightly, retailers showed significant movements, DATA UNION CAP surged 79.17%