Market Overview
▪ As of March 24th, during trading hours in Beijing, the three major Hong Kong stock indices rose together, with a warm sentiment and a linkage between weight and growth moving upward.
▪ The Hang Seng Index rose 2.19% to 24,915.76 points, failing to refresh the peak reached on March 20th, still oscillating below the previous high.
▪ The Hang Seng Tech Index rose 1.67% to 4,791.27 points, not reaching a new high since March 20th, driven by tech weights but still facing upward pressure.
▪ The China Enterprises Index rose 1.78% to 8,455.92 points, also failing to break through the previous high before March 20th, maintaining a repair trend towards the previous high.
▪ As of now, the bullish momentum continues, with attention on whether it can challenge the previous high with increased volume and the marginal changes in policy and liquidity.
Sector Performance
▪ The internet content and information sector mostly rose, mainly benefiting from the recent performance of leading companies, with significant increases in capital attention. Leading stock Tencent Holdings rose 2.63%, while Baidu-SW and Kuaishou-W rose 1.82% and 1.55%, respectively.
▪ The retail sector overall rose, strongly incentivized by expectations of consumer recovery, with leading stock Alibaba-W rising 2.34%, and several stocks like Miniso and JD.com performing steadily.
▪ The oil and gas exploration and production sector generally fell, mainly affected by the weakening of international oil prices, with related energy stocks experiencing pullback pressure during trading.
Macroeconomic Background
▪ The recent performance of the Hong Kong stock market has been significantly influenced by fluctuations in foreign trade data, the RMB exchange rate, and local consumption performance.
▪ Investors are currently focusing on Hong Kong's export performance, retail sales data, manufacturing PMI, and the trend of the RMB exchange rate, with overall trading sentiment remaining cautious despite the significant rise.
Popular Stocks
▪ WuXi AppTec (2268.HK) saw unusual upward movement during trading, currently up 10.43%, with the latest transaction price at HKD 4.74.
▪ Tingyi (Cayman Islands) Holding Corp. (322.HK) surged 8.40% due to boosted consumption expectations, with the latest transaction price at HKD 5.20.
▪ China National Gold Group (3939.HK) performed strongly during trading, with an increase of 8.90%, and the latest transaction price at HKD 4.63.
▪ CNOOC Limited (883.HK) fell 2.23% due to industry weakness, showing profit-taking in resource stocks at high levels.
Top 10 Market Transaction Amounts
▪ Tencent Holdings (00700.HK) latest transaction price 511.5 HKD, increase 2.63%, transaction amount 8.864 billion
▪ Alibaba -W (09988.HK) latest transaction price 122.7 HKD, increase 2.51%, transaction amount 6.747 billion
▪ CNOOC Limited (00883.HK) latest transaction price 29.8 HKD, decrease 2.30%, transaction amount 4.683 billion
▪ Yangtze Optical Fibre and Cable Joint Stock Limited Company (06869.HK) latest transaction price 158.8 HKD, increase 8.84%, transaction amount 3.940 billion
▪ Xiaomi Group -W (01810.HK) latest transaction price 32.6 HKD, increase 1.68%, transaction amount 3.624 billion
▪ BYD Company Limited (01211.HK) latest transaction price 105.7 HKD, increase 3.22%, transaction amount 3.321 billion
▪ Geely Automobile Holdings Limited (00175.HK) latest transaction price 20.66 HKD, increase 3.30%, transaction amount 2.263 billion
▪ Semiconductor Manufacturing International Corporation (00981.HK) latest transaction price 54.2 HKD, increase 0.09%, transaction amount 2.258 billion
▪ Pop Mart International Group Limited (09992.HK) latest transaction price 213.2 HKD, increase 5.44%, transaction amount 2.125 billion
▪ Zijin Mining Group Company Limited (02899.HK) latest transaction price 34.38 HKD, increase 5.72%, transaction amount 2.112 billion

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On March 24th, Hong Kong stocks strengthened during the session, with the Hang Seng Index rising by 2.19% and the Hang Seng TECH Index increasing by 1.67%. The internet content and retail sectors performed actively, with heavyweight leaders such as Tencent Holdings and Alibaba driving the market higher. Although there is still pressure at high levels, the bullish momentum continues, with Tencent and Alibaba leading the trading volume

- On March 24, Hong Kong's major stock indices rose amidst a positive sentiment, with the Hang Seng Index gaining 2.19% to 24,915.76 points.  
- The market witnessed upward movements in the internet content and retail sectors, while oil and gas exploration stocks generally declined due to weaker international oil prices.  
- Investors remain cautious despite gains, focusing on Hong Kong's export performance, retail sales data, and currency fluctuations.

Market Heartbeat

BIDU-SW

KUAISHOU-W

BABA-W

TENCENT

MNSO

JD-SW

WUXI XDC

WANGUO GOLD GP

TINGYI

CNOOC

Krne Csi China Internet

E Fund CSI HK Connect Internet ETF

Amplify Online Retail ETF

Tencent Holdings Limited

Alibaba

SPDR S&P Retail ETF

Global X E-commerce ETF

Tencent

CSOP HS TECH

Hang Seng TECH Index

VanEck Retail ETF

Hwabao CSI HK Equities Internet ETF

ProShares Online Retail

Emerging Markets Internet ETF

Hang Seng Index

KraneShares 2x Long BABA Daily ETF

BABA 2x Long Daily ETF - GraniteShares

Hong Kong stock market intraday | Hang Seng Index rises 2.19% to return to 24,900 points, with internet retail leading the gains