Market Overview
▪ The three major indices of the Hong Kong stock market performed steadily during the midday session, with limited fluctuations in various weighted sectors.
▪ As of midday, the Hang Seng Index reported 26,559.01 points, down 0.1%, failing to refresh the recent high, and still some distance from the previous peak, showing a narrow consolidation trend in the short term.
▪ The Hang Seng Tech Index closed at 5,723.52 points, down 0.4%, also failing to reach a new high, slightly retreating compared to recent highs, with the tech sector primarily undergoing adjustments.
▪ The China Enterprises Index recorded 9,092.36 points at midday, down 0.34%, not breaking through the highs of the previous days, continuing its oscillation.
Sector Performance
▪ The internet content and information sector showed divergence during the session, with some leading stocks performing prominently. Baidu rose 4.16%, with significant capital inflow, while Tencent Holdings fell 0.83%, showing capital divergence. Kuaishou slightly dipped 0.06%, indicating a strong wait-and-see sentiment among sector funds. In terms of trading volume, Tencent Holdings had a turnover of HKD 9.678 billion, indicating high activity.
▪ The retail sector saw a slight increase, with Alibaba rising 0.43%, JD.com up 0.35%, and Miniso up 0.67%, overall benefiting from a recovery in consumer demand, with slight capital inflow and increased sector enthusiasm. Mainstream retail stocks were active, with Alibaba's turnover reaching HKD 5.409 billion, ranking among the market leaders.
▪ The semiconductor manufacturers sector experienced significant volatility, with mixed performances among leading stocks. SMIC slightly fell 0.71%, Hua Hong Semiconductor rose 1.98%, and TianShuZhiXin surged 14.19% during the session, with funds focusing on high-growth tracks. TianShuZhiXin had a turnover of HKD 526 million, showing a significant increase in investor attention towards the domestic high-performance computing industry chain.
Macroeconomic Background
▪ Currently, macro data for the Hong Kong stock market has not been released or is missing. Investors are advised to closely monitor the upcoming key economic indicators such as Hong Kong GDP, exchange rates, imports and exports, and retail figures to grasp local economic trends and changes in market sentiment. The short-term market trend remains primarily characterized by structural differentiation, and the release of macro data may further impact sector hotspots.
Popular Stocks
▪ Shifang Holdings (1831.HK) surged 49.06% at midday, with a turnover of HKD 31.3371 million. The company has not disclosed any significant new events through authoritative media recently, with only an annual performance pre-disclosure, and no major changes in its main business. The capital game is intense, and it is recommended to continue monitoring subsequent announcements and financial report information.
▪ TianShuZhiXin (9903.HK) rose significantly by 14.19%, with a turnover of HKD 526 million. The company was listed on the main board of the Hong Kong Stock Exchange on January 8, with an IPO subscription multiple as high as 413 times, raising approximately HKD 3.5 billion. After listing, the stock price has shown high volatility, with continuous capital inflow. The company positions itself as a domestic high-performance GPU, driving overall attention to the semiconductor sector.
▪ Drinda (2865.HK) rose 15.20%, with a turnover of HKD 365 million. The company announced a placement of 18.682 million new H shares to independent investors at HKD 22 per share to supplement working capital, with capital focusing on the development expectations of the new energy and photovoltaic industry chain
▪ Hon Hai Precision Industry Co., Ltd. (1718.HK) rose 33.05%, with a transaction volume of HKD 3.9156 million. The company expects to turn a profit in the fiscal year 2025, with significantly improved earnings, enhanced capital liquidity, and a rebound in market confidence.
▪ MINTH GROUP (425.HK) rose 10.66%, with a transaction volume of HKD 457 million. The company has received new orders for its liquid cooling business, successfully expanded its new energy business, and both performance and emerging business growth are significant, with continuous capital inflow into the sector and an upgraded target price, strengthening its position.
Market Transaction Volume TOP10
▪ Tencent Holdings (00700.HK) latest transaction price HKD 597.50, down 0.83%, transaction volume HKD 9.678 billion
▪ Alibaba Group Holding Limited -W (09988.HK) latest transaction price HKD 163.90, up 0.43%, transaction volume HKD 5.409 billion
▪ Semiconductor Manufacturing International Corporation (00981.HK) latest transaction price HKD 76.70, down 0.71%, transaction volume HKD 2.782 billion
▪ Nanshan Aluminum (02610.HK) latest transaction price HKD 62.95, down 8.64%, transaction volume HKD 2.411 billion
▪ Xiaomi Group -W (01810.HK) latest transaction price HKD 34.80, down 1.75%, transaction volume HKD 2.394 billion
▪ Baidu -SW (09888.HK) latest transaction price HKD 160.10, up 4.16%, transaction volume HKD 2.012 billion
▪ Hua Hong Semiconductor (01347.HK) latest transaction price HKD 107.90, up 1.98%, transaction volume HKD 2.004 billion
▪ China National Offshore Oil Corporation (00883.HK) latest transaction price HKD 22.86, up 3.07%, transaction volume HKD 1.723 billion
▪ Meituan -W (03690.HK) latest transaction price HKD 96.40, down 0.92%, transaction volume HKD 1.685 billion
▪ Ping An Insurance (02318.HK) latest transaction price HKD 67.10, down 2.04%, transaction volume HKD 1.389 billion

The three major indices of the Hong Kong stock market performed steadily at noon, with the Hang Seng Index slightly down by 0.1%, the Hang Seng Tech Index dropping by 0.4%, and the National Enterprises Index falling by 0.34%. There was a clear sector divergence, with semiconductor stocks performing actively; TianShuZhiXin surged by 14.19%, Baidu rose by 4.16%, while Tencent Holdings fell by 0.83%. ShiFang Holdings soared by 49.06% during the session, and stocks like Drinda and MINTH GROUP attracted high capital attention. Investors need to closely monitor the upcoming macroeconomic data, as the short-term market structure features are prominent, with capital focusing on growth sectors such as technology and semiconductors

- The Hong Kong stock market showed mixed performance with major indices fluctuating minimally as of midday.  
- The Hang Seng Index fell slightly by 0.1% to 26,559.01 points, while the Hang Seng Tech Index decreased by 0.4% to 5,723.52 points, reflecting a focus on tech sector adjustments.  
- Notable stocks included Tencent with a trading volume of HKD 9.678 billion despite a 0.83% decline, and Alibaba gaining 0.43% amidst improved consumer demand, indicating sectoral disparities in market sentiment.

Market Heartbeat

ILUVATAR COREX

MINTH GROUP

SHIFANG HLDG

DRINDA

TENCENT

BIDU-SW

KUAISHOU-W

BABA-W

JD-SW

MNSO

SMIC

HUA HONG SEMI

WAN KEI GROUP

NANSHAN AL INTL

China Southern CSI Semiconductor Industry Custom ETF

Baidu

Guotai CSI All Share Integrated Circuit ETF

Guotai CES Semiconductor Chip Industry ETF

First Trust Nasdaq Food & Semicon

Drinda

ChinaAMC Guozheng Semiconductor Chip ETF

VanEck Semiconductor ETF

Guotai CSI Semiconductor Material Equipment Theme ETF

Direxion Semicon Bull 3X

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

SPDR S&P Semicon

Hong Kong Stock Midday Review | ILUVATAR COREX rises 14.19% leading the semiconductor sector, Baidu surges 4.16%, SHIFANG HLDG skyrockets 49.06%