Market Overview
▪ In the Hong Kong stock market, the three major indices continue to show a generally strong oscillating pattern.
▪ As of now, the Hang Seng Index is at 25,699.17 points, up 0.25% during the session.
▪ The Hang Seng Tech Index has performed outstandingly, currently at 5,532.3 points, up 0.9%.
▪ The National Enterprises Index is currently at 8,939.1 points, up 0.53% during the session.
Sector Performance
▪ The internet content and information sector is experiencing overall volatility, with leading stocks showing divergence. Baidu performed strongly during the session, rising 6.80% with a transaction volume of HKD 954 million. Its autonomous vehicle business is expanding overseas, and its self-developed AI chip, Kunlun, is expected to enter a growth phase, attracting active capital and indicating increased short-term investor interest. Tencent Holdings slightly declined by 0.08% during the session, with a transaction volume of HKD 2.517 billion, reflecting a heavy market wait-and-see sentiment. Kuaishou rose by 0.39%, with stable trading.
▪ The semiconductor manufacturers sector led the market, showing an overall upward trend. Strong industry demand has driven capital to concentrate on leading stocks in the sector. SMIC rose by 2.80%, with a transaction volume of HKD 2.306 billion, showing active performance. INNOSCIENCE surged by 8.49%, with a transaction volume of HKD 42.4 million, attracting market interest. Hua Hong Semiconductor also rose by 1.52%, with a transaction volume of HKD 624 million. The semiconductor market highlights the short-term capital clustering effect.
▪ The retail sector showed divergence, with some stocks affected by external market fluctuations. Alibaba rose by 0.49%, with active trading and a transaction volume of HKD 2.132 billion. JD.com rose by 1.43%, with a transaction volume of HKD 171 million. Miniso, on the other hand, fell by 0.60%, with a transaction volume of HKD 2.8 million, dragged down by a cooling risk appetite in the external market.
Macroeconomic Background
▪ In December, the Hong Kong stock market is focused on the year-on-year rebound in retail sales, with the latest data reaching 5.3%. The recovery of consumer momentum, combined with continuous favorable policies from the mainland, provides effective support for growth sectors such as technology and consumption. Capital allocation remains concentrated in growth industries, keeping market sentiment cautiously optimistic.
Popular Stocks
▪ WuXi AppTec -B (2617.HK) rose by 10.87%, with a transaction volume of HKD 206 million, as capital clearly chases structural opportunities in the sector.
▪ Shumeng Capital (8375.HK) surged by 78.86% during the session, with a transaction volume of HKD 19.5801 million. The signing of a placement agreement has boosted market confidence, with very high capital activity and a strong short-term speculative atmosphere.
▪ Baoji Capital (8168.HK) rose by 14.52%, with a transaction volume of HKD 1.9813 million. The company reported an annual loss of HKD 6.481 million, a year-on-year decrease of 26.83%, leading to increased market speculation and capital attention.
▪ Shuke Group (2350.HK) rose by 12.16%, reaching a new 52-week high, with a transaction volume of HKD 5.9909 million, as short-term capital inflows stimulated a rapid rise in stock prices.
Market Transaction Volume TOP10
▪ Tencent Holdings (700.HK) latest transaction price HKD 596.00, down 0.08%, transaction amount HKD 2.517 billion
▪ Semiconductor Manufacturing International Corporation (981.HK) latest transaction price HKD 71.50, up 2.80%, transaction amount HKD 2.305 billion
▪ Alibaba -W (9988.HK) latest transaction price HKD 144.10, up 0.56%, transaction amount HKD 2.130 billion
▪ Xiaomi Group -W (1810.HK) latest transaction price HKD 38.82, up 0.62%, transaction amount HKD 957 million
▪ Baidu -SW (9888.HK) latest transaction price HKD 127.10, up 6.72%, transaction amount HKD 954 million
▪ SenseTime -W (20.HK) latest transaction price HKD 2.16, up 1.41%, transaction amount HKD 860 million
▪ Pop Mart (9992.HK) latest transaction price HKD 191.60, down 4.15%, transaction amount HKD 829 million
▪ Meituan -W (3690.HK) latest transaction price HKD 104.00, down 0.19%, transaction amount HKD 772 million
▪ China National Offshore Oil Corporation (883.HK) latest transaction price HKD 21.40, up 3.68%, transaction amount HKD 732 million
▪ China Construction Bank (939.HK) latest transaction price HKD 7.74, up 1.57%, transaction amount HKD 696 million

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In the Hong Kong stock market, the three major indices continued to show a strong oscillating trend, with the Hang Seng Index and the Hang Seng Tech Index both slightly rising, performing well. The semiconductor sector surged significantly, with SMIC and INNOSCIENCE leading the gains. The internet and retail sectors showed mixed performance, with Baidu soaring, Tencent slightly declining, and Alibaba rebounding moderately. Retail leaders like Miniso faced pressure, while funds focused on industry-leading companies, resulting in high market activity. The recovery of consumer momentum and favorable policies provided support for the market, with increasing attention on growth sectors

- Hong Kong's stock market experienced a positive fluctuation, with the Hang Seng Index at 25,699.17, up 0.25%.  
- The semiconductor sector led market gains, spurred by strong demand, while the retail sector showed mixed results, influenced by external market fluctuations.  
- In December, retail sales year-on-year rose to 5.3%, reflecting a recovery in consumer momentum supported by favorable policies in mainland China.

Market Heartbeat

INNOSCIENCE

KUAISHOU-W

HUA HONG SEMI

JD-SW

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AMASSE CAPITAL

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Hong Kong stocks intraday | Technology stocks fluctuate with strength, Baidu surges 6.8%! Semiconductors are strong, SMIC rises 2.80%, INNOSCIENCE rises 8.49%