Market Overview
▪ The three major indices of the Hong Kong stock market closed higher today, with market sentiment significantly improving:
▪ The Hang Seng Index closed at 25,854.6 points, up 0.86%
▪ The Hang Seng Tech Index closed at 5,578.38 points, up 1.74%
▪ The State-Owned Enterprises Index closed at 8,991.02 points, up 1.12%
Sector Performance
▪ The semiconductor sector surged significantly, driven by both capital and policy resonance. SMIC rose 4.24%, closing at HKD 72.50, with a trading volume of HKD 6.744 billion. Hua Hong Semiconductor rose 3.86%, and INNOSCIENCE rose 15.35%, closing at a new high, indicating concentrated capital inflow into growth stocks within the sector, maintaining high market enthusiasm.
▪ The retail sector showed volatility, with significant differentiation within the sector. Representative stock Alibaba -W rose 0.84%, closing at HKD 144.50, with a trading volume of HKD 8.701 billion; JD.com -SW rose 1.43%, with a trading volume of HKD 1.066 billion; Miniso's decline narrowed to 0.27%. This indicates some divergence in consumer sentiment, with a cautious capital attitude and risk aversion putting pressure on the sector structure.
▪ The internet content and information sector saw widespread gains, driven by inflows of tech capital. Tencent Holdings rose 0.59%, closing at HKD 600.00, with a trading volume of HKD 8.129 billion. Baidu -SW performed outstandingly, rising 8.90%, closing at HKD 129.70, with a trading volume of HKD 3.128 billion, as the market maintains optimistic expectations for its cloud business and AI. Kuaishou -W strengthened in the afternoon, ultimately closing up 1.10%, indicating a rebound in the overall tech sector and an increase in investor risk appetite.
Macroeconomic Background
▪ The Hong Kong stock market has recently focused on retail sales year-on-year rising from 4.8% to 5.3%, indicating a recovery in domestic demand.
▪ However, the external environment remains uncertain, with overall market volatility being high. Investors are advised to closely monitor structural opportunities in consumer and export-related sectors and respond cautiously to short-term external shocks.
Popular Stocks
▪ Sanhua Intelligent Control (2050.HK) rose 12.53%, with a trading volume of HKD 2.284 billion. Capital is heavily flowing into the robotics sector, with leading companies becoming the focus of the trading session.
▪ Yujian (2432.HK) rose 13.45%, with a trading volume of HKD 874 million. The rising enthusiasm in the robotics sector, coupled with the company's decision to initiate a listing plan on the Shenzhen Stock Exchange, has attracted significant capital attention, keeping trading active.
▪ Shumeng Capital (8375.HK) closed up 78.86%, with a trading volume of HKD 29.4901 million. The placement agreement has boosted market confidence, and short-term capital speculation has driven stock price fluctuations.
▪ Cybernaut International Holdings (1020.HK) rose 20.25%, with a trading volume of HKD 8.9289 million, performing outstandingly in the absence of substantial news, with high participation from speculative capital.
Market Trading Volume TOP10
▪ Alibaba - W (9988.HK) latest transaction price HKD 144.50, increase of 0.84%, transaction amount HKD 8.701 billion
▪ Tencent Holdings (700.HK) latest transaction price HKD 600.00, increase of 0.59%, transaction amount HKD 8.129 billion
▪ SMIC (981.HK) latest transaction price HKD 72.50, increase of 4.24%, transaction amount HKD 6.744 billion
▪ Xiaomi Group - W (1810.HK) latest transaction price HKD 39.36, increase of 2.02%, transaction amount HKD 4.199 billion
▪ Meituan - W (3690.HK) latest transaction price HKD 104.30, increase of 0.10%, transaction amount HKD 3.440 billion
▪ Baidu - SW (9888.HK) latest transaction price HKD 129.70, increase of 8.90%, transaction amount HKD 3.128 billion
▪ Pop Mart (9992.HK) latest transaction price HKD 190.80, decrease of 4.55%, transaction amount HKD 3.107 billion
▪ China Mobile (941.HK) latest transaction price HKD 82.10, increase of 0.37%, transaction amount HKD 2.614 billion
▪ Industrial and Commercial Bank of China (1398.HK) latest transaction price HKD 6.27, increase of 0.64%, transaction amount HKD 2.479 billion
▪ China Construction Bank (939.HK) latest transaction price HKD 7.72, increase of 1.31%, transaction amount HKD 2.450 billion

The Hong Kong stock market closed today with all three major indices rising. The Hang Seng Index increased by 0.86%, and the Hang Seng Tech Index rose by 1.74%. The semiconductor and internet sectors led the gains, with the enthusiasm for tech stocks continuing to rise, driving significant increases in core leading stocks. Baidu rose by 8.90%, and INNOSCIENCE increased by 15.35%. The retail sector showed divergence, with individual stocks fluctuating. On the macro front, the annual retail sales rebound and external volatility influenced investment focus, which continues to concentrate on technology, consumption, and export-related sectors

- Hong Kong's stock indices rose across the board, with the Hang Seng Index closing at 25,854.6 points, an increase of 0.86%.  
- The semiconductor sector saw significant gains, driven by funds and policy support, while retail showed mixed performance amid cautious investment sentiment.  
- Overall, despite signs of recovery in retail sales, uncertainties in the broader market remain, suggesting investors should focus on structural opportunities in consumption and exports.

Market Heartbeat

SMIC

HUA HONG SEMI

INNOSCIENCE

BABA-W

JD-SW

MNSO

TENCENT

BIDU-SW

KUAISHOU-W

SANHUA

DOBOT

DATA UNION CAP

CYBERNAUT INT'L

XIAOMI-W

MEITUAN

Baidu

Hong Kong stocks closed higher | Three major indices rose, with strong performance in semiconductors and technology, Baidu up 8.90%, INNOSCIENCE up 15.35%