Market Overview
▪ In the Hong Kong stock market, the three major indices are collectively strengthening, and market sentiment is warming up.
▪ The Hang Seng Index is currently at 25,710.46, up 1.54%, and has not yet refreshed this week's high.
▪ The Hang Seng Tech Index is at 4,943, up 3.06%, and has not rewritten the stage high.
▪ The China Enterprises Index is at 8,606.79, up 1.84%, and has also not reached this week's high; as of the time of writing, there is still upward pressure, and attention will be paid to trading volume.
Sector Performance
▪ The internet content and information sector is strengthening, with short-term capital attention increasing. The leading Tencent Holdings is up 3.28% during the session, driving the sector upward; Baidu is up 2.85%, with a transaction volume of HKD 855 million.
▪ The retail sector is active, with Alibaba-W strengthening, up 3.48%, and a transaction volume of HKD 9.303 billion, creating an overall positive atmosphere in the sector and attracting incremental funds. JD-SW's stock price surged 8.82%, driven by an upward trend in performance from the beginning of 2026 to the present.
▪ The hardware, storage, and peripherals sector is leading the gains, favored by some funds, with Xiaomi Group-W up 4.72%, driving the sector higher. Lenovo Group's stock price increased by 2.17%.
Macroeconomic Background
▪ The market focus is on PMI and retail data, inflation and unemployment situations, and export trade accounts, with relevant macro data guiding market sentiment.
▪ The flow of southbound funds and U.S. dollar bond rates are also under close attention, with external factors increasing short-term volatility.
▪ The fiscal budget proposal, real estate relief, internet and AI performance guidance, and high-dividend sectors' defensiveness are currently the core macro background, with funds focusing on policy direction.
Popular Stocks
▪ Geely Auto (175.HK) is up 5.54% during the session, with a transaction volume of HKD 591 million. Active capital inflow is driving the stock price higher.
▪ Mengniu Dairy (2319.HK) is up 6.15% during the session, with a transaction volume of HKD 505 million. Strong short-term performance is boosted by warming market sentiment.
▪ Knowledge Atlas (2513.HK) is up 2.60% during the session, with a transaction volume of HKD 592 million. It is attracting attention from some growth-oriented funds.
▪ Kingsoft Cloud (3896.HK) is up 2.22% during the session, with a transaction volume of HKD 592 million. The sector's sentiment is recovering, with steady capital inflow.
▪ XTALPI (2228.HK) is up 2.67% during the session, with a transaction volume of HKD 523 million. Active trading in the short term.
Market Transaction Volume TOP10
▪ Tencent Holdings (00700.HK) latest transaction price is HKD 518.50, up 3.29%, with a transaction volume of HKD 9.820 billion.
▪ Alibaba-W (09988.HK) latest transaction price is HKD 130.80, up 3.56%, with a transaction volume of HKD 9.026 billion.
▪ Xiaomi Group-W (01810.HK) latest transaction price is HKD 33.72, up 4.72%, with a transaction volume of HKD 6.042 billion
▪ Meituan-W (03690.HK) latest transaction price HKD 77.25, up 3.69%, transaction amount HKD 3.051 billion
▪ Yangtze Optical Fibre and Cable (06869.HK) latest transaction price HKD 134.50, down 10.45%, transaction amount HKD 2.950 billion
▪ BYD Company (01211.HK) latest transaction price HKD 92.75, up 0.16%, transaction amount HKD 2.718 billion
▪ China National Offshore Oil Corporation (00883.HK) latest transaction price HKD 26.62, down 0.89%, transaction amount HKD 2.654 billion
▪ AIA Group (01299.HK) latest transaction price HKD 86.00, up 1.06%, transaction amount HKD 2.202 billion
▪ JD-SW (09618.HK) latest transaction price HKD 105.50, up 8.82%, transaction amount HKD 2.183 billion
▪ Shandong Molong (00568.HK) latest transaction price HKD 8.82, up 1.38%, transaction amount HKD 2.156 billion

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During the trading session, the three major indices of the Hong Kong stock market strengthened collectively, with the Hang Seng Index rising by 1.54% and the Hang Seng Tech Index soaring by 3.06%. In terms of sectors, internet content, retail, and hardware sectors led the gains, with leading stocks such as TENCENT, Alibaba, and XIAOMI showing strong performance, significantly boosting market sentiment. Funds are focusing on macro data and policy guidance, with TENCENT temporarily leading in trading volume at HKD 9.82 billion. As of the time of writing, overall trading volume is well-matched, but attention should still be paid to the pressure above

- Hong Kong's market shows a positive trend with the Hang Seng Index up 1.54% to 25,710.46, while the Hang Seng Tech Index and the Enterprise Index also increased.  
- Key sectors include internet content, retail, and hardware, with significant gains from Tencent, Alibaba, and Xiaomi, attracting increased capital.  
- The focus on macroeconomic data such as PMI, retail figures, and external factors like capital flows is influencing market sentiment and investment strategies.

LB Select

TENCENT

BIDU-SW

BABA-W

XIAOMI-W

JD-SW

LENOVO GROUP

GEELY AUTO

MENGNIU DAIRY

KNOWLEDGE ATLAS

KINGSOFT CLOUD

XTALPI

Hong Kong stocks intraday | Three major indices collectively strengthen, with Xiaomi Group and Alibaba leading the gains