Market Overview
▪ The three major indices of the Hong Kong stock market closed with mixed performances today.
▪ The Hang Seng Index closed at 27,968.09 points, up 0.51%, reaching a new high in over four and a half years, indicating a dominant bullish sentiment in the market.
▪ The Hang Seng Tech Index closed at 5,841.1 points, down 1.00%, with the technology sector showing relatively weak performance.
▪ The China Enterprises Index closed at 9,552.58 points, up 0.42%, approaching the previous high, overall showing a fluctuating upward pattern.
Sector Performance
▪ The internet content and information sector experienced overall volatility with significant differentiation. Within the sector, leading stock Tencent Holdings rose 0.16%, with the latest transaction price at HKD 622.00 and a transaction volume of HKD 14.255 billion. Kuaishou rose 0.79%, with the latest transaction price at HKD 82.95 and a transaction volume of HKD 3.527 billion, while Baidu fell 0.38%. The adjustment range of leading stocks is not large, indicating cautious capital sentiment, with short-term rotation in the sector and no clear sustained main line.
▪ The retail sector showed fluctuating consolidation. Alibaba slightly fell 0.12%, with the latest transaction price at HKD 173.30 and a transaction volume of HKD 11.666 billion. JD.com dropped 1.46%, while Miniso rose 0.96%. Overall, the industry's capital attention has slightly weakened, with bland news and a strong wait-and-see sentiment.
▪ The hardware, storage, and peripherals sector also showed differentiation. Xiaomi Group rose 0.83%, with the latest transaction price at HKD 36.62 and a transaction volume of HKD 6.685 billion. Lenovo Group slightly fell 0.22%, while Longqi Technology dropped 1.61%. There are some structural opportunities within the sector, with capital favoring leading stocks supported by performance, and Xiaomi receiving relatively high attention.
Macroeconomic Background
▪ The Hong Kong stock market has recently focused on changes in foreign exchange reserves, year-on-year retail sales, and unemployment rates, reflecting fluctuations in the economic fundamentals. The trends of PMI and CPI are also closely monitored by capital. In the short term, macro data and external environments will dominate market sentiment, leading to capital distribution among structural sectors and core heavyweight stocks.
Popular Stocks
▪ Sunac China (1918.HK) rose 29.13%, with a transaction volume of HKD 3.106 billion. The company's chairman, Sun Hongbin, converted mandatory convertible bonds into 7.9572 million shares, diluting his shareholding from 47.78% to 38.23%, signaling a capital structure adjustment. This move enhances the company's financial flexibility but dilutes the rights of existing shareholders, leading to increased market expectations for the company's cash flow and capital optimization, with short-term capital activity.
▪ WELIFE TECH (1703.HK) rose 83.33%, with a transaction volume of HKD 30.8287 million. The company proposed to change its name to Yihe Co., Ltd. The company announced that it achieved a profit attributable to shareholders of HKD 9.3 million in the first half of the year, turning losses into profits and driving a 34% year-on-year revenue growth. The momentum for profit recovery is strong, with significant stock price fluctuations and increased market attention.
▪ Southern Manganese (1091.HK) rose 31.51%, with a transaction volume of HKD 53.065 million. The company's mining rights issues at its Tiandeng subsidiary led to production stoppages and losses, with capacity constraints impacting performance, and the industry supply pattern being significantly disturbed, showing poor performance but attracting speculative capital inflows
▪ Shimao Group (813.HK) rose 23.19%, with a transaction volume of HKD 68.0748 million. Under the background of sector rotation and easing industry liquidity, real estate whitelist companies have once again become a short-term market hotspot, with risks gradually clearing leading to valuation recovery.
Market Transaction Volume TOP10
▪ Tencent Holdings (00700.HK) latest transaction price HKD 622.00, up 0.16%, transaction volume HKD 14.255 billion
▪ Alibaba -W (09988.HK) latest transaction price HKD 173.30, down 0.12%, transaction volume HKD 11.666 billion
▪ Xiaomi Group -W (01810.HK) latest transaction price HKD 36.62, up 0.83%, transaction volume HKD 6.685 billion
▪ Zijin Mining (02899.HK) latest transaction price HKD 46.14, up 3.08%, transaction volume HKD 6.201 billion
▪ Ping An Insurance (02318.HK) latest transaction price HKD 73.30, up 3.31%, transaction volume HKD 6.177 billion
▪ SMIC (00981.HK) latest transaction price HKD 77.25, down 2.59%, transaction volume HKD 5.782 billion
▪ CNOOC (00883.HK) latest transaction price HKD 24.98, up 1.30%, transaction volume HKD 5.111 billion
▪ China Construction Bank (00939.HK) latest transaction price HKD 8.16, up 1.62%, transaction volume HKD 3.683 billion
▪ BYD Company (01211.HK) latest transaction price HKD 101.80, down 0.97%, transaction volume HKD 3.589 billion
▪ Kuaishou -W (01024.HK) latest transaction price HKD 82.95, up 0.79%, transaction volume HKD 3.527 billion

Today, the three major indices of the Hong Kong stock market showed mixed performance at the close. The Hang Seng Index rose by 0.51%, reaching a new high in over four and a half years, while the Hang Seng Tech Index fell by 1.00%, and the State-Owned Enterprises Index increased by 0.42%. The internet, retail, and hardware sectors experienced fluctuations, with funds focusing on structural opportunities. WELIFE TECH saw significant gains, becoming a market hotspot. The main market funds continued to flow towards core leaders such as Tencent, Alibaba, and Xiaomi, with short-term market sentiment still influenced by macro data and external environments

- The Hong Kong stock market displayed a mixed performance, with the Hang Seng Index rising 0.51% to close at 27,968.09, marking a new high in over four years.  
- Key sectors showed uneven movement, particularly in tech and retail, reflecting cautious investor sentiment, while macroeconomic factors like forex reserves and unemployment rates continue to influence market dynamics.  
- Notably, Sunac China surged 29.13% as shareholder changes signaled capital restructuring, while Weilai Life Technology's stock jumped 83.33% due to improved profitability and revenue growth.

Market Heartbeat

CSOP HS TECH

HSTECH ETF

TENCENT

KUAISHOU-W

BIDU-SW

BABA-W

MNSO

JD-SW

XIAOMI-W

LENOVO GROUP

LONGCHEER

Sunac China

SOUTH MANGANESE

SHIMAO GROUP

ZIJIN MINING

PING AN

WELIFE TECH

Tianhong Hang Seng TECH ETF(QDII)

Hong Kong Stock Market Close | The Hang Seng Index hits a new high in over four and a half years! WELIFE TECH surges 83.33%, technology sector retreats