Market Overview▪ As of the intraday session on March 25, Hong Kong stocks are generally moving up moderately, with the three major indices collectively in the green.▪ The Hang Seng Index rose 0.35% to 25151.91 points, failing to surpass the periodic high reached on March 20, and is currently consolidating below that previous high in the short term.▪ The Hang Seng TECH Index rose 0.67% to 4863.39 points, yet to break through its periodic high on March 20, maintaining a steady pace.▪ The Hang Seng China Enterprises Index rose 0.23% to 8518.85 points, also not exceeding its periodic high on March 20, maintaining a pattern of volatile upward movement.▪ Overall, bullish sentiment was released moderately. Attention will be on whether the upward momentum can be sustained to challenge previous highs; if met with resistance, range-bound consolidation may continue.Sector Performance▪ Consumer retail stocks showed divergent performance during intraday trading, with no clear positive drivers and varied capital preferences. SUNART RETAIL (6808.HK) performed relatively strongly, with a gain of 3.18%.▪ The retail sector lacked a unified direction, with Hong Kong Technology Exploration (1137.HK) and Lianhua Supermarket (980.HK) both flat at 0.00% change. Overall trading activity remains to be observed.Macroeconomic Background▪ March has entered a period of intensive data releases, with investors closely monitoring core economic indicators such as foreign exchange reserves, export growth, and the Manufacturing PMI.▪ Given the volatility in local consumption and employment indicators, market sentiment is cautious. Currently, investors are focused on changes in the Federal Reserve's policy path and trends in cross-border capital flows, and short-term market uncertainty persists.Hot Stocks▪ CSPC Pharmaceutical Group (1093.HK) was active during intraday trading, rising 3.36% with a turnover of HKD 663 million.▪ Jiangxi Copper Company Limited (358.HK) recorded a significant gain, up 4.35% with a turnover of HKD 589 million.▪ Dongfang Electric Corporation (1072.HK) steadily rose 2.62% with a turnover of HKD 602 million.▪ GigaDevice (3986.HK) saw a slight increase of 0.75% with a turnover of HKD 674 million.▪ Wanguo Gold Group (3939.HK) maintained its strength, rising 2.57% with a turnover of HKD 593 million.Market Turnover TOP10▪ POP MART (09992.HK) latest price 171.6 HKD, down 20.99%, turnover 16.479 billion▪ Tencent Holdings (00700.HK) latest price 503.5 HKD, down 2.04%, turnover 14.090 billion▪ Alibaba-W (09988.HK) latest price 127.5 HKD, up 3.49%, turnover 13.707 billion▪ Meituan-W (03690.HK) latest price 86.8 HKD, up 9.87%, turnover 12.002 billion▪ Xiaomi Group-W (01810.HK) latest price 32.06 HKD, down 1.90%, turnover 7.927 billion▪ CNOOC Limited (00883.HK) latest price 28.64 HKD, down 2.72%, turnover 6.867 billion▪ Yangtze Optical Fibre and Cable (06869.HK) latest price 179.3 HKD, up 8.67%, turnover 6.168 billion▪ BYD Company Limited (01211.HK) latest price 105.9 HKD, down 1.03%, turnover 2.684 billion▪ Zijin Mining Group Company Limited (02899.HK) latest price 35.32 HKD, up 1.32%, turnover 2.632 billion▪ SMIC (00981.HK) latest price 55.75 HKD, up 1.00%, turnover 2.518 billion

09992

06808

00700

Hong Kong stocks rose moderately during intraday trading, with the three major indices collectively in the green, and the Hang Seng TECH Index rising 0.67%. In terms of sectors, consumer retail performance diverged, with SUNART RETAIL up 3.18%. Meituan's 9.87% gain boosted market sentiment, while POP MART slumped over 20%. The market is focusing on the Federal Reserve's moves and economic data such as the Manufacturing PMI, maintaining an overall pattern of volatile consolidation

- As of March 25, Hong Kong stocks are moderately rising, with major indices showing gains; the Hang Seng Index is up 0.35% to 25,151.91, yet has not surpassed the March 20 peak.  
- Market sentiment remains cautious due to fluctuating local consumption and employment indicators, with investors monitoring key economic metrics and uncertainties from the Federal Reserve's policy direction.  
- Notable stocks include CSPC Pharmaceutical, rising 3.36% with a transaction volume of HKD 663 million, and Jiangxi Copper, increasing 4.35% with a volume of HKD 589 million.

Market Heartbeat

POP MART

SUNART RETAIL

TENCENT

BABA-W

MEITUAN

XIAOMI-W

CNOOC

YOFC

BYD COMPANY

ZIJIN MINING

SMIC

CSPC PHARMA

JIANGXI COPPER

DONGFANG ELEC

GIGADEVICE

WANGUO GOLD GP

Hang Seng TECH Index

Meituan

HSTECH ETF

Hang Seng Index

Hong Kong Stocks Intraday | Hang Seng Index Rises 0.35%, Retail Diverges, Meituan Rises 9.87%