Market Overview
▪ The Hong Kong stock market showed steady performance during the trading session, with the three major indices continuing their recent strength. As of now, the Hang Seng Index is at 26,191.8 points, up 0.16%, fluctuating at a high level since reaching a new peak on January 7.
▪ The Hang Seng Tech Index is currently at 5,700.59 points, up 0.39%, also failing to break through the new peak range set on January 7, maintaining a high-level consolidation trend in the short term.
▪ The China Enterprises Index is temporarily at 9,066.24 points, up 0.3%, still some distance from the new peak reached on January 7, with bullish sentiment dominating in the short term.
Sector Performance
▪ The retail sector continues to trend upwards, attracting significant capital attention. Leading company Alibaba -W rose 3.44% during the session, with a transaction volume of HKD 9.03 billion, JD.com -SW increased by 3.49%, with a transaction volume of HKD 574 million, and Miniso also recorded a 1.63% increase, indicating active capital inflow into sector leaders, reflecting ongoing improvement in consumer expectations.
▪ The internet content and information sector showed mixed performance, with Kuaishou -W surging 4.10% during the session, with a transaction volume of HKD 1.29 billion. This was mainly influenced by its announcement on January 8 regarding &#34;AI modification&#34; video governance, reflecting rising investor expectations for the company's content compliance. Tencent Holdings, on the other hand, fell 0.81%, with a transaction volume of HKD 3.73 billion, and Baidu -SW dropped 2.21%. Overall, the sector saw rotation of hotspots, with ample liquidity but significant differentiation.
▪ The restaurant sector faced overall pressure, with capital tending to be cautious or flowing out. Meituan -W fell 1.83% during the session, with a transaction volume of HKD 1.98 billion. Xicha Group slightly declined by 0.09%, and Guming remained flat, indicating significant short-term adjustment pressure in the sector, with weak performance from leaders dragging down the overall atmosphere.
Macroeconomic Background
▪ The Hong Kong stock market has recently focused on consumer and foreign trade data, with improvements in retail sales year-on-year and a rebound in export growth, boosting market sentiment and becoming an important support for the high index levels.
▪ The unemployment rate remains stable, and the renminbi exchange rate continues to strengthen, providing positive support for the Hang Seng Index and heavyweight blue chips. The real estate and new economy sectors are active in trading, with investors continuously paying attention to policy directions and the latest developments of Chinese enterprises.
Popular Stocks
▪ Zhizhu (2513.HK) rose 17.64% during the session, with a transaction volume of HKD 543 million. The company has no significant news, but capital concentrated inflow has created a strong speculative atmosphere, making it a market hotspot.
▪ Asia-Pacific Satellite (1045.HK) increased by 19.35% during the session, with a transaction volume of HKD 121 million. The company has no clear news, but driven by short-term thematic enthusiasm, it ranks among the top gainers with active capital.
▪ Lens Technology (6613.HK) rose 11.43% during the session, with a transaction volume of HKD 542 million. Capital attention has increased, with strong short-term performance.
▪ Goldwind Technology (2208.HK) rose 10.73% during the session, with a transaction volume of HKD 1.756 billion. As a leading wind power equipment manufacturer, it has received continuous capital support, maintaining high levels in both technical indicators and transaction volume
▪ JunDa Co., Ltd. (2865.HK) rose 11.36% during the session, with a trading volume of HKD 351 million, showing significant net inflow of funds and short-term popularity.
Market Trading Volume TOP10
▪ Alibaba -W (9988.HK) latest trading price HKD 147.50, up 3.44%, trading volume HKD 9.03 billion
▪ Tencent Holdings (700.HK) latest trading price HKD 611.00, down 0.81%, trading volume HKD 3.73 billion
▪ Meituan -W (3690.HK) latest trading price HKD 99.15, down 1.83%, trading volume HKD 1.98 billion
▪ Goldwind Technology (2208.HK) latest trading price HKD 17.86, up 10.79%, trading volume HKD 1.76 billion
▪ SMIC (981.HK) latest trading price HKD 75.40, up 0.6%, trading volume HKD 1.55 billion
▪ Xiaomi Group -W (1810.HK) latest trading price HKD 38.06, up 0.11%, trading volume HKD 1.46 billion
▪ Kuaishou -W (1024.HK) latest trading price HKD 74.80, up 4.03%, trading volume HKD 1.29 billion
▪ Ping An Insurance (2318.HK) latest trading price HKD 70.45, up 0.36%, trading volume HKD 1.07 billion
▪ China Petroleum &amp; Chemical Corporation (386.HK) latest trading price HKD 4.65, down 0.43%, trading volume HKD 999 million
▪ Hua Hong Semiconductor (1347.HK) latest trading price HKD 91.60, down 0.05%, trading volume HKD 916 million

The three major indices of the Hong Kong stock market continued their strong performance during the trading session, with the Hang Seng Index and the Technology Index experiencing sustained high-level fluctuations, indicating that bullish sentiment is dominating the market. The retail sector performed outstandingly, with leading stocks Alibaba and JD.com showing significant gains, and funds continuing to flow in. The internet content sector showed divergence, with Kuaishou surging sharply due to news stimuli, while Tencent Holdings faced downward pressure. The restaurant sector weakened amid fluctuations, with leading stock Meituan experiencing a pullback. Popular stocks such as Zhihu and Asia-Pacific Satellite led the gains strongly, reflecting an active market style. Overall, funds are focusing on consumption, the new economy, and hot topics, while macro policies and changes in the RMB exchange rate continue to impact market volatility

- The Hong Kong stock market shows steady performance, with the Hang Seng Index slightly up at 26,191.8 points while remaining volatile since reaching a peak on January 7.  
- Retail stocks are drawing significant attention, with Alibaba and JD.com both seeing gains, indicating improving consumer expectations.  
- Economic factors like stable unemployment and a strengthening yuan support market confidence, alongside active trading in real estate and new economy sectors.

Market Heartbeat

BABA-W

JD-SW

MNSO

KUAISHOU-W

TENCENT

BIDU-SW

MEITUAN

MIXUE GROUP

KNOWLEDGE ATLAS

APT SATELLITE

Lens

DRINDA

SMIC

JD.com

Tencent

Tencent Holdings Limited

Meituan

Alibaba

Hong Kong stock market intraday | Hang Seng Index fluctuates at a high level, retail sector leads the rise, Alibaba up 3.44%