Market Overview
▪ During the trading session, the main indices of the Hong Kong stock market continued to rebound, collectively rising as of now, with market sentiment remaining stable.
▪ The Hang Seng Index rose 0.74% to 25,249.20 points, failing to break through the peak from March 20, and is still oscillating below the previous high in the short term.
▪ The Hang Seng Tech Index increased by 1.04% to 4,881.35 points, not surpassing the peak from March 19, showing structural strength but requiring further confirmation.
▪ The State-Owned Enterprises Index rose 0.63% to 8,552.94 points, also below the peak from March 20, with the rebound primarily focused on recovery.
▪ Overall, as of the time of writing, bulls are attempting to push higher, but have not yet reclaimed the previous high, with subsequent attention on trading volume and resistance from prior highs.
Sector Performance
▪ The retail sector performed strongly during the session, with widespread gains, mainly driven by consumer recovery. Alibaba-W rose 1.54%, and JD.com-SW rose 1.87%, with significant attention from funds on leading consumer stocks.
▪ The oil and gas sector fell overall, mainly affected by fluctuations in international oil prices, with major stock China National Offshore Oil Corporation declining by 3.87%, dragging down the overall market performance.
▪ The internet sector showed volatile and clearly differentiated movements, lacking core positive news catalysts, with Tencent Holdings slightly down by 0.10% and Kuaishou-W up by 1.04%.
Macroeconomic Background
▪ The overall dynamics of the Hong Kong stock market are stable, with core macro indicators showing limited fluctuations during the session. Investors are currently focusing on economic growth momentum, export performance, and the recovery progress of consumption and manufacturing.
▪ Additionally, changes in monetary policy continue to play a dominant role in market liquidity and investor sentiment, with the market weighing macro factors that may suppress future trading volume.
Popular Stocks
▪ National Technology (2701.HK) showed unusually active performance during the session, rising by 15.60%, with a trading volume of HKD 292 million, attracting a large influx of short-term funds.
▪ YOFC (06869.HK) had a latest increase of 13.33%, with a trading volume reaching HKD 3.384 billion, showing strong buying interest.
▪ Gold stocks collectively rose, with Lingbao Gold (3330.HK) up by 7.45%, trading volume of HKD 318 million; Chifeng Jilong Gold (6693.HK) up by 5.00%, trading volume of HKD 355 million; Shandong Gold and Zhaojin Mining also rose by 3.97% and 3.80%, respectively.
▪ Quantitative Party (2685.HK) rose by 6.46%, outperforming the average market level.
Market Trading Volume TOP10
▪ China National Offshore Oil Corporation (00883.HK) latest trading price HKD 28.30, down by 3.87%, trading volume HKD 4.335 billion
▪ Tencent Holdings (00700.HK) latest trading price HKD 513.50, down by 0.10%, trading volume HKD 4.173 billion
▪ Alibaba-W (09988.HK) latest trading price HKD 125.00, up by 1.46%, trading volume HKD 3.596 billion
▪ YOFC (06869.HK) latest trading price HKD 187.00, up by 13.33%, trading volume HKD 3.384 billion
▪ Xiaomi Group -W (01810.HK) latest transaction price 32.38 HKD, down 0.92%, transaction amount 3.128 billion
▪ Zijin Mining (02899.HK) latest transaction price 35.50 HKD, up 1.84%, transaction amount 1.645 billion
▪ BYD Company (01211.HK) latest transaction price 106.90 HKD, down 0.09%, transaction amount 1.550 billion
▪ Pop Mart (09992.HK) latest transaction price 218.00 HKD, up 0.37%, transaction amount 1.495 billion
▪ SMIC (00981.HK) latest transaction price 56.70 HKD, up 2.72%, transaction amount 1.324 billion
▪ Geely Automobile (00175.HK) latest transaction price 21.38 HKD, up 2.30%, transaction amount 1.268 billion

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The main indices of the Hong Kong stock market rebounded collectively, with the Hang Seng Index rising by 0.74% and the Hang Seng TECH Index increasing by 1.04%. The retail sector performed strongly, driven by consumer recovery, with Alibaba rising by 1.54%; the oil and gas sector, however, faced pressure due to oil price fluctuations, with China National Offshore Oil Corporation falling by 3.87%. Market funds focused on leading retail and semiconductor stocks, with YOFC soaring by 13.33%, and overall market sentiment remained stable

- The Hong Kong stock market is experiencing a steady rebound, with major indices collectively rising; the Hang Seng Index up 0.74% at 25,249.20 points.  
- The retail sector shows strong performance, benefiting from consumer recovery, while the oil and gas sector declines due to international oil price fluctuations.  
- Key stocks such as National Technology and Chongqing Fiber Optic are gaining significantly, reflecting increased short-term investor interest.

Market Heartbeat

BABA-W

JD-SW

CNOOC

TENCENT

KUAISHOU-W

NSING TECH

YOFC

LINGBAO GOLD

CHIFENG GOLD

SD GOLD

QUANTGROUP

BABA 2x Long Daily ETF - GraniteShares

Global X E-commerce ETF

Hang Seng Index

SPDR S&P Retail ETF

Krne Csi China Internet

Amplify Online Retail ETF

KraneShares 2x Long BABA Daily ETF

Hang Seng TECH Index

VanEck Retail ETF

ProShares Online Retail

E Fund CSI HK Connect Internet ETF

Hwabao CSI HK Equities Internet ETF

Alibaba

Hong Kong Stock Market Update | Hang Seng Index up 0.74%, Retail Sector Strengthens, Alibaba up 1.54%