Market Overview▪ As of the close on March 18, the three major indices of the Hong Kong stock market rose slightly, maintaining an overall volatile pattern, with market sentiment remaining stable.▪ The Hang Seng Index rose 0.61% to 26,025.42 points, standing above 26,000 points, but still has a gap from the previous high.▪ The Hang Seng Tech Index edged up 0.01% to 5,108.30 points, essentially flat, failing to break through the high reached on March 16.▪ The China Enterprises Index rose 0.10% to 8,835.50 points, still consolidating below the previous high in the short term.▪ None of the three major indices reached new highs, with previous highs still posing upward pressure. Future attention will be on the volume of trading and the impact of external variables on sentiment.Sector Performance▪ Retail Sector: The sector closed collectively higher today, boosted by expectations of consumer recovery, with clear signs of capital inflow, making it one of the most active sectors.▪ Internet Content and Information Sector: The performance showed a mixed trend, with Alibaba-W rising 2.30%, Tencent Holdings up 0.09%, and Kingsoft Cloud soaring 18.17% due to capital chasing, reflecting market preference for artificial intelligence and cloud services.▪ Oil and Gas Exploration and Production Sector: The sector weakened today, mainly affected by fluctuations in international oil prices, with heavyweight stock CNOOC falling 1.74%.Macroeconomic Background▪ Recently, macro data disclosures for the Hong Kong stock market have been relatively limited, with market focus still on the pace of economic recovery and the impact of changes in the external macro environment on liquidity.▪ Investors are closely monitoring local employment markets, foreign exchange reserves, and retail data as dynamic indicators, as these will directly affect policy expectations and economic resilience. The current market heat remains high, but upward momentum still requires more macro-positive support.Popular Stocks▪ Jiaxin International Resources (3858.HK): Closed up 9.04% today, with a trading volume of HKD 703 million, no recent news, but showing net capital inflow.▪ Kangfang Bio (9926.HK): Closed up 2.21%, with a trading volume of HKD 808 million, maintaining a certain level of activity in the biopharmaceutical sector.▪ Trip.com Group -S (9961.HK): Closed up 1.07%, with a trading volume of HKD 814 million, benefiting from the logic of tourism consumption recovery.▪ Lattice Semiconductor (6809.HK): Significantly rose 8.59% today, with a trading volume of HKD 618 million, attracting capital attention in the hard technology sector.▪ Sanofi (1530.HK): Closed up 2.81%, with a trading volume of HKD 629 million.Market Trading Volume TOP10▪ Alibaba -W (09988.HK) latest trading price 137.70 HKD, increase of 2.30%, trading volume 14.85 billion▪ Tencent Holdings (00700.HK) latest trading price 550.50 HKD, increase of 0.09%, trading volume 11.686 billion▪ CNOOC (00883.HK) latest trading price 28.30 HKD, decrease of 1.74%, trading volume 5.216 billion▪ Xiaomi Group -W (01810.HK) latest transaction price 35.14 HKD, decline of 0.62%, transaction amount 4.843 billion▪ Jianteao Laminated Board (01888.HK) latest transaction price 22.02 HKD, decline of 4.26%, transaction amount 4.412 billion▪ Changfei Optical Fiber and Cable (06869.HK) latest transaction price 156.30 HKD, increase of 11.64%, transaction amount 3.819 billion▪ MINIMAX-W (00100.HK) latest transaction price 1238.00 HKD, increase of 19.85%, transaction amount 3.602 billion▪ Yaocai Securities Financial (01428.HK) latest transaction price 13.25 HKD, decline of 2.57%, transaction amount 3.339 billion▪ Kingsoft Cloud (03896.HK) latest transaction price 8.00 HKD, increase of 18.17%, transaction amount 3.205 billion▪ Zhipu (02513.HK) latest transaction price 742.50 HKD, increase of 19.47%, transaction amount 3.108 billion

03896

09988

00700

03858

09926

09961

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01530

On March 18th, Hong Kong stocks closed today with the three major indices slightly higher, with the Hang Seng Index rising 0.61% to successfully return to 26,000 points. In terms of sectors, the retail sector performed strongly driven by consumer recovery, while the oil and gas sector declined due to fluctuations in oil prices. The heavyweight stock Alibaba rose 2.30%, supporting the index. The market was active, with significant movements in the artificial intelligence concept and optical fiber sectors, as funds speculated on the pace of economic recovery and key macro indicators

- On March 18, Hong Kong's stock indices saw slight gains while maintaining a volatile pattern, with overall market sentiment remaining stable.  
- The Hang Seng Index rose by 0.61% to 26,025.42 points, staying above 26,000 but still below previous highs, while the Hang Seng Tech Index increased marginally by 0.01%.  
- Retail stocks surged amid expectations of consumer recovery, whereas the oil and gas sector weakened due to international price fluctuations.

Market Heartbeat

KINGSOFT CLOUD

BABA-W

TENCENT

JIAXIN INTL RES

AKESO

TRIP.COM-S

MONTAGE TECH

3SBIO

Hang Seng Index

Hong Kong stock market closing | Hang Seng Index rose 0.61% to stand above 26,000 points, with the retail sector leading the gains. Alibaba rose 2.3%