Market Overview
▪ As of intraday trading on April 1, Beijing time, major Hong Kong stock indices collectively moved higher, with the market showing a generally strong trend.
▪ The Hang Seng Index rose 2.39% intraday to 25379.55 points, but did not break its recent high, which was set on March 19.
▪ The Hang Seng Tech Index rose 2.64% intraday to 4772.42 points, still short of its recent high, which occurred on March 27.
▪ The H-share Index rose 1.95% intraday to 8537.92 points, without surpassing its recent high, which was on March 25.
▪ As of press time, all three major indices remain below their previous highs. Future attention will be on whether they can continue their upward momentum and challenge the highs from the aforementioned dates.
Sector Performance
▪ The pharmaceutical and innovative technology sectors showed increased differentiation, with several innovative individual stocks experiencing significant intraday movements. KNOWLEDGE ATLAS surged by 31.87% intraday, with the latest trading price at HK$914.50 and a turnover of HK$4.494 billion. JISHIJIAO rose by 19.93% with a turnover of HK$159 million, and VERISTEM-B climbed 19.59% intraday with a turnover of HK$266 million, far outperforming the broader market. Market funds are actively capturing short-term opportunities in high-growth sectors, highlighting a strong structural rally.
▪ The energy and resources sector faced overall pressure. Leading stock CNOOC fell 5.29% intraday, with the latest trading price at HK$26.52 and a turnover of HK$5.524 billion, indicating an outflow of principal funds within the sector and a short-term weakening. ZIJIN MINING rose 6.05% against the trend, with a turnover of HK$2.624 billion, showing active trading.
Macroeconomic Background
▪ On the macroeconomic front, the Hong Kong stock market has recently been influenced by fluctuations in exports, trade, and foreign exchange reserves. Investors are currently paying close attention to manufacturing PMI data and unemployment figures to gauge the strength of domestic demand recovery.
▪ The overall trend continues to be dominated by macroeconomic fluctuations and the strength of consumer confidence. The market is in a critical phase where policy direction and economic data validation are key.
Active Stocks
▪ TCL ELECTRONICS (1070.HK) experienced a significant intraday increase of 9.09%, with a turnover of HK$550 million, demonstrating strong capital attraction.
▪ LEAPMOTOR (9863.HK) continued its strong performance with a 7.19% gain and a turnover of HK$594 million, leading the new energy vehicle sector.
▪ WUXI APPTEC (2359.HK) was active, with a gain of 5.79% and a cumulative turnover of HK$632 million.
▪ SUN HUNG KAI CO (16.HK) rose 4.88%, receiving HK$673 million in intraday funding support.
▪ HANSOH PHARMA (3692.HK) increased by 4.85% with a turnover of HK$684 million, indicating that individual stocks in the pharmaceutical sector still offer significant structural opportunities.
Market Turnover TOP10
▪ TENCENT (00700.HK) Latest trading price HK$499.4, up 3.18%, turnover HK$6.709 billion
▪ ALIBABA-W (09988.HK) Latest trading price HK$123.6, up 3.87%, turnover HK$5.379 billion
▪ CNOOC (00883.HK) Latest trading price HK$26.9, down 3.93%, turnover HK$4.682 billion
▪ KNOWLEDGE ATLAS (02513.HK) Latest trading price HK$915.5, up 32.01%, turnover HK$4.464 billion
▪ POP MART (09992.HK) Latest trading price HK$148.6, up 3.48%, turnover HK$3.939 billion
▪ YOFC (06869.HK) Latest trading price HK$185.9, up 1.58%, turnover HK$3.799 billion
▪ XIAOMI-W (01810.HK) Latest trading price HK$32.04, up 0.88%, turnover HK$3.662 billion
▪ BYD COMPANY (01211.HK) Latest trading price HK$104.3, down 1.42%, turnover HK$3.365 billion
▪ MEITUAN-W (03690.HK) Latest trading price HK$82.2, down 0.90%, turnover HK$2.953 billion
▪ SMIC (00981.HK) Latest trading price HK$53.2, up 4.93%, turnover HK$2.577 billion

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On April 1, the Hong Kong stock market saw a collective rise in major indices during intraday trading, with the Hang Seng Index up 2.39% and the Hang Seng Tech Index up 2.64%. The internet content and retail sectors performed strongly, with leading stocks such as Tencent Holdings and Alibaba-W significantly boosting market sentiment. The oil and gas sector, influenced by international oil prices, saw a contrarian pullback. Individual stocks like TCL ELECTRONICS and HANSOH PHARMA were active with robust trading volumes, while the market is closely watching macroeconomic data and changes in consumer confidence

- At midday on April 1, Hong Kong stocks rose, with the Hang Seng Index up 2.39% to 25,379.55 points, though it remains below recent highs.  
- The market observed significant movements in innovative sectors, with notable gains from companies such as Zhiyuan and TCL Electronics, while the energy sector faced pressure, highlighted by a drop in CNOOC shares.  
- Investor focus is shifting towards macroeconomic indicators like manufacturing PMI and unemployment rates amidst ongoing fluctuations in exports and trade.

Hong Kong Stocks Intraday | Hang Seng Index Rises 2.39%, Internet Retail Strong