Market Overview
▪ The three major indices of the Hong Kong stock market closed with mixed performances today.
▪ The Hang Seng Index closed at 26,834.77 points, up 0.22%. Despite a steady performance, it failed to break through the peak set on January 29, and is still oscillating in a high range in the short term.
▪ The Hang Seng Tech Index closed at 5,467.26 points, down 1.07%. The index has retreated from its highs, showing slight technical pressure.
▪ The China Enterprises Index closed at 9,053.11 points, down 0.3%, with a weak trend in the short term.
Sector Performance
▪ The internet content and information sector generally declined today, pressured by rumors of new tax regulations, leading to cautious market sentiment. Tencent Holdings fell 2.92%, with a turnover of HKD 37.562 billion, showing net capital outflow, indicating increased investor caution and risk aversion. Kuaishou-W dropped 4.61%, with a turnover of HKD 5.118 billion, significantly affected by rumors regarding high-tech enterprise recognition and tax adjustments, facing short-term pressure. Baidu-SW fell 3.61%. Rumors on the policy front have intensified short-term capital pressure on this sector.
▪ The retail sector showed mixed performance, with Miniso rising 2.77%, with a turnover of HKD 136 million, as leading stocks saw positive capital inflow. However, Alibaba-W fell 1.41% and JD-SW dropped 0.72%, with overall capital distribution lacking a main driving force, highlighting structural opportunities. Investors are focusing more on individual stock growth logic, with noticeable capital switching within the sector.
▪ The semiconductor sector performed strongly throughout the day, with JunDa Co., Ltd. rising 23.85%, with a turnover of HKD 2.153 billion, attracting significant capital attention and becoming the strongest sector of the day. Hua Hong Semiconductor rose 4.16%, with a turnover of HKD 3.077 billion; Changfei Optical Fiber and Cable rose 12.23%, with a turnover of HKD 3.384 billion. Capital is chasing high-growth stocks, with short-term enthusiasm concentrated. SMIC, however, fell 2.42%, showing clear differentiation, indicating internal rotation and preference for high-elasticity targets within the sector.
Macroeconomic Background
▪ The Hong Kong stock market is currently focused on the economic recovery process, with retail sales, exports, unemployment rate, and manufacturing PMI becoming focal points for capital attention. External environmental fluctuations and the RMB exchange rate also continue to impact the market, with overall liquidity being cautiously phased, and market sentiment marginally recovering but not turning optimistic.
Popular Stocks
▪ JunDa Co., Ltd. (2865.HK) rose 23.85%, with a turnover of HKD 2.153 billion. As a leading semiconductor company, it attracted capital attention during the day, strongly leading the Hong Kong stock market, with no significant news of abnormal movements currently, as capital focuses on growth themes.
▪ CIMC Group (2039.HK) rose 14.98%, with a turnover of HKD 266 million, gaining increased market attention.
▪ WanGuo Gold Group-New (3939.HK) rose 13.63%, with a turnover of HKD 1.505 billion. The company appointed former Zijin Mining Chairman Chen Jinghe as Chief Advisor on February 2, with a four-year agreement established to empower strategic development and mergers and acquisitions. Following this news, capital attention significantly increased, reflecting the market's positive expectations for the company's long-term growth
▪ Changfei Optical Fiber (6869.HK) rose 12.23%, with a transaction amount of HKD 3.384 billion, becoming a hot target for short-term speculation, showing a sector rotation effect.
Market Transaction Amount TOP10
▪ Tencent Holdings (00700.HK) latest transaction price HKD 581.00, down 2.92%, transaction amount HKD 37.562 billion
▪ Alibaba -W (09988.HK) latest transaction price HKD 161.00, down 1.41%, transaction amount HKD 17.742 billion
▪ SMIC (00981.HK) latest transaction price HKD 70.45, down 2.42%, transaction amount HKD 6.581 billion
▪ Kuaishou -W (01024.HK) latest transaction price HKD 73.45, down 4.61%, transaction amount HKD 5.118 billion
▪ Xiaomi Group -W (01810.HK) latest transaction price HKD 34.60, down 1.31%, transaction amount HKD 4.925 billion
▪ Zijin Mining (02899.HK) latest transaction price HKD 41.36, up 4.55%, transaction amount HKD 4.847 billion
▪ Meituan -W (03690.HK) latest transaction price HKD 93.20, down 1.74%, transaction amount HKD 4.697 billion
▪ Changfei Optical Fiber (06869.HK) latest transaction price HKD 94.95, up 12.23%, transaction amount HKD 3.384 billion
▪ BYD Company (01211.HK) latest transaction price HKD 90.00, down 1.10%, transaction amount HKD 3.170 billion
▪ Pop Mart (09992.HK) latest transaction price HKD 231.60, up 2.30%, transaction amount HKD 3.160 billion

Hong Kong stocks closed today with mixed performance among the three major indices. The Hang Seng Index rose slightly, while the Hang Seng Tech Index and the National Enterprises Index fell back. The semiconductor sector, represented by JunDa Co., Ltd. and HUA HONG SEMI, led the gains with noticeable capital inflow. The internet and information sectors fell overall due to rumors, with Tencent Holdings experiencing the largest decline. The retail sector showed significant divergence, with Miniso Group rising against the trend. The market is focused on key data for economic recovery, with pessimistic sentiment easing slightly, but capital still tends to favor structural opportunities

- The Hong Kong stock market showed mixed performance with the Hang Seng Index closing at 26,834.77, a slight increase of 0.22%.  
- The internet content sector fell due to concerns over new tax regulations, impacting major stocks like Tencent and Baidu, while the semiconductor sector thrived with notable gains from JunDa and Changfei.  
- Focus remains on economic recovery indicators, with cautious market liquidity influenced by external factors and the RMB's performance, though sentiment is slowly improving.

Market Heartbeat

HUA HONG SEMI

TENCENT

KUAISHOU-W

BIDU-SW

MNSO

BABA-W

JD-SW

DRINDA

YOFC

SMIC

CIMC

WANGUO GOLD GP

XIAOMI-W

CSOP HS TECH

Guotai CSI Semiconductor Material Equipment Theme ETF

Hua Hong

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

Hong Kong stocks close｜Three major indices diverge, semiconductor sector leads with JunDa shares up 23.85%