Market Overview
▪ As of February 5, during the Hong Kong stock market session, the three major indices retreated from their highs, and the overall market continued its consolidation pattern.
▪ The Hang Seng Index reported 26,694.57 points during the session, down 0.57%, failing to maintain yesterday's new high and retreating from the peak reached on January 29.
▪ The Hang Seng Tech Index reported 5,341.54 points during the session, down 0.46%, also failing to refresh yesterday's high and maintaining a consolidation trend.
▪ The China Enterprises Index reported 9,023.16 points during the session, down 0.28%, retreating from yesterday's high, with the new peak still lingering at January 29.
Sector Performance
▪ The financial sector was weak during the session, overall oscillating downward, with banks and insurance weights under pressure. Ping An Insurance fell 1.87%, with a transaction volume of HKD 1.757 billion, AIA Group fell 2.98%, with a transaction volume of HKD 1.770 billion, showing significant capital outflow, and the sector was greatly affected by the market adjustment.
▪ The technology sector showed internal differentiation. Tencent Holdings fell 1.88%, with a transaction volume of HKD 34.968 billion, putting pressure on the sector. Baidu Group rose 1.82%, with a transaction volume of HKD 1.905 billion. The differentiation among leading stocks in the sector intensified, with investors' differing views on valuation and performance expectations leading to more cautious capital choices.
▪ The consumer sector showed differentiated performance driven by earnings. Shenzhou International performed outstandingly, rising 3.43%, with a transaction volume of HKD 37.6 million. Sunny Optical Technology fell 1.01%, with a transaction volume of HKD 55.2 million. JD Group was basically flat, down 0.09%, with a transaction volume of HKD 85.2 million. The sector's capital performance showed two-way rotation, with leading varieties favored by capital but overall cautious.
Macroeconomic Background
▪ The Hong Kong stock market is currently in a phase of differentiated signals of economic recovery, with macro data such as exports, unemployment rate, manufacturing PMI, and consumer recovery progress being closely watched.
▪ Investors are focusing on policy support, fluctuations in the RMB exchange rate, and changes in the Federal Reserve's interest rates, as these factors have a significant impact on capital flows, with the Hong Kong stock market being dominated by structural opportunities in the short term.
Popular Stocks
▪ Jiurong Holdings (2358.HK) surged 36.36% during the session, with a transaction volume of HKD 13.3475 million, with capital concentrated in, and no recent news, possibly influenced by short-term market speculation.
▪ Contemporary Land (1107.HK) rose strongly by 61.11% during the session, with a transaction volume of HKD 11.6848 million, with no obvious positive news, leading in capital pull, and short-term speculative funds were active.
▪ Haokang Electromechanical (1408.HK) rose 38.00%, with a transaction volume of HKD 4.0788 million, with significantly increased market attention and concentrated capital inflow, with no important event driving it.
▪ Kaisa Health (876.HK) rose 18.82%, with a transaction volume of HKD 7.9722 million, with increased sector activity, favored by short-term capital, and no specific events.
▪ New New Technology (9600.HK) rose 23.76%, with a transaction volume of HKD 3.6153 million, showing significant intraday volatility, with high capital attention, and also no clear news stimulus
Market Trading Volume TOP10
▪ Tencent Holdings (00700.HK) Latest trading price HKD 545.5, down 2.24%, trading volume HKD 34.877 billion
▪ Alibaba -W (09988.HK) Latest trading price HKD 156.6, down 1.82%, trading volume HKD 8.977 billion
▪ Xiaomi Group -W (01810.HK) Latest trading price HKD 34.64, up 2.00%, trading volume HKD 4.476 billion
▪ Pop Mart (09992.HK) Latest trading price HKD 242.4, up 2.19%, trading volume HKD 4.299 billion
▪ SMIC (00981.HK) Latest trading price HKD 66.8, down 2.84%, trading volume HKD 3.799 billion
▪ China Life (02628.HK) Latest trading price HKD 34.2, down 2.73%, trading volume HKD 2.641 billion
▪ Zijin Mining (02899.HK) Latest trading price HKD 39.62, down 4.85%, trading volume HKD 2.514 billion
▪ Meituan -W (03690.HK) Latest trading price HKD 92.55, up 0.43%, trading volume HKD 2.162 billion
▪ Trip.com Group -S (09961.HK) Latest trading price HKD 451.4, down 0.79%, trading volume HKD 1.931 billion
▪ Hong Kong Stock Exchange (00388.HK) Latest trading price HKD 412.4, down 1.86%, trading volume HKD 1.922 billion

On February 5th, during the Hong Kong stock market session, the three major indices retreated from their highs. The Hang Seng Index, Hang Seng Tech Index, and the China Enterprises Index were unable to maintain the new highs from the previous day, and the market as a whole entered a consolidation phase. There was significant sector differentiation, with the financial sector performing relatively weakly, while there was notable internal differentiation within the technology and consumer sectors. Tencent Holdings fell by 1.88%, Ping An Insurance dropped by 1.87%, Meituan rose slightly by 0.49%, Baidu Group increased by 1.82%, and SHENZHOU INTL gained 3.43%. Some small-cap stocks surged significantly, highlighting the trend of capital differentiation. On the macro front, the market is highly focused on signals of economic recovery, macro data, and policy expectations

- As of February 5, Hong Kong stocks showed a downward trend, with major indices declining from recent highs, impacting investor sentiment.  
- The Hang Seng Index fell 0.57% to 26,694.57 points, while the Hang Seng Tech Index and the National Enterprises Index experienced similar declines.  
- Market focus is on economic recovery indicators, including macro data on exports and unemployment, while significant stock movements are seen in companies like Jiu Rong Holdings, which surged 36.36% amidst market speculation.

Market Heartbeat

SHENZHOU INTL

PING AN

TENCENT

BIDU-SW

SUNNY OPTICAL

JIU RONG HOLD

JD-SW

MODERN LAND

MACAU E&M

KAISA HEALTH

NEWLINK TECH

BABA-W

XIAOMI-W

FI2 CSOP HSI

FI CSOP HSI

CSOP HS TECH

FL2 CSOP HSI

Hong Kong stock market intraday | Hang Seng Index retreats, financial sector leads decline, SHENZHOU INTL surges over 60%, individual stocks fluctuate