Market Overview
▪ At today's close, all three major indices of the Hong Kong stock market rose, continuing the rebound momentum, but none reached the peak level of March 20.
▪ The Hang Seng Index closed at 25,063.71 points, up 2.79%, still below the March 20 high, consolidating below the previous high in the short term.
▪ The Hang Seng Tech Index closed at 4,830.89 points, up 2.51%, still some distance from the March 20 peak, maintaining a high-level range of fluctuations.
▪ The China Enterprises Index closed at 8,499.53 points, up 2.31%, failing to break through the March 20 peak, with the center of gravity moving up but still needing confirmation of a breakout.
▪ Overall, market sentiment is warming, with indices approaching previous highs, but further observation of subsequent momentum is needed, focusing on whether an effective breakout can form near the previous highs.
Sector Performance
▪ The internet content and information sector performed strongly today, driven by leading tech stocks. Tencent Holdings rose 3.13%, with core stocks like Kuaishou and Bilibili showing active performance and significant capital inflow.
▪ The retail sector performed brightly throughout the day, benefiting from a recovery in consumer demand. Alibaba -W rose 2.92%, with JD.com and Miniso also strengthening, indicating strong overall sector sentiment.
▪ The oil and gas exploration and production sector faced pressure, influenced by fluctuations in international oil prices. CNOOC fell 3.48%, with related stocks like United Energy Group leading the market decline.
Macroeconomic Background
▪ Currently, the Hong Kong stock market exhibits a strong wait-and-see sentiment, with relatively limited macro data releases. Market participants are generally focusing on the performance of key economic data such as unemployment rates, consumption, and exports.
▪ The cross-border flow of international funds and changes in policy news remain the main factors influencing market fluctuations. Investors are advised to pay close attention to economic trends and the pace of policy adjustments.
Popular Stocks
▪ Master Kong Holdings (322.HK) closed up 9.98%, with a trading volume of HKD 847 million, ranking high on the gainers list.
▪ Lingbao Gold (3330.HK) closed up 9.95%, with a trading volume of HKD 785 million, demonstrating strong capital attraction.
▪ Innovent Biologics (1801.HK) closed up 5.23%, with a total trading volume of HKD 819 million, attracting high institutional attention.
▪ Jiexin International Resources (3858.HK) showed unusual performance, closing up 14.43%, with a trading volume of HKD 699 million.
▪ WanGuo Gold Group (3939.HK) closed up 9.54%, with a trading volume of HKD 725 million.
Market Trading Volume TOP10
▪ Tencent Holdings (00700.HK) latest trading price 514.0 HKD, up 3.13%, trading volume 14.963 billion
▪ Alibaba -W (09988.HK) latest trading price 123.2 HKD, up 2.92%, trading volume 10.604 billion
▪ CNOOC (00883.HK) latest trading price 29.44 HKD, down 3.48%, trading volume 7.432 billion
▪ Xiaomi Group-W (01810.HK) latest transaction price 32.68 HKD, increase 1.93%, transaction amount 5.463 billion
▪ Yangtze Optical Fibre and Cable Joint Stock Limited Company (06869.HK) latest transaction price 165.0 HKD, increase 13.09%, transaction amount 5.451 billion
▪ BYD Company Limited (01211.HK) latest transaction price 107.0 HKD, increase 4.49%, transaction amount 4.904 billion
▪ Pop Mart International Group Limited (09992.HK) latest transaction price 217.2 HKD, increase 7.42%, transaction amount 4.353 billion
▪ Geely Automobile Holdings Limited (00175.HK) latest transaction price 20.9 HKD, increase 4.50%, transaction amount 3.705 billion
▪ Meituan-W (03690.HK) latest transaction price 79.0 HKD, increase 3.20%, transaction amount 3.493 billion
▪ Zijin Mining Group Company Limited (02899.HK) latest transaction price 34.86 HKD, increase 7.20%, transaction amount 3.411 billion

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Today, Hong Kong stocks closed with all three major indices continuing their rebound, with the Hang Seng Index rising 2.79%, approaching previous highs. The internet content and retail sectors performed strongly, driven by leading technology companies, with Tencent Holdings and Alibaba leading the gains; the oil and gas sector, however, faced pressure due to fluctuations in oil prices. Trading was active throughout the day, with notable gains in Master Kong Holdings and several gold mining stocks, as market sentiment continued to warm amid fluctuations

- The Hong Kong stock market showed positive trends today, with all three indices closing higher but not surpassing the March 20 highs.  
- Investor focus remains on upcoming economic data like unemployment rates and consumer spending, with market sentiment improving, particularly in the internet and retail sectors.  
- Notable gainers included Tingyi, which surged by 9.98%, and Alibaba, up 2.92%, while CNOOC faced pressure, decreasing by 3.48%.

Market Heartbeat

TENCENT

KUAISHOU-W

BILIBILI-W

BABA-W

JD-SW

MNSO

CNOOC

TINGYI

LINGBAO GOLD

INNOVENT BIO

JIAXIN INTL RES

WANGUO GOLD GP

Hong Kong stocks close | Three major indices continue to rebound, Tencent rises 3.13% leading the way