---
title: "Hong Kong Stocks Intraday | Hong Kong's Three Major Indices Fall Across the Board: TENCENT Edges Up Against the Trend Amid Divergence, Oil and Gas Sector Plunges to Lead the Decline"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/281111867.md"
description: "Today, Hong Kong's three major indices collectively trended lower, with market sentiment significantly pressured by the external environment and policy changes; the Hang Seng TECH Index retreated by nearly 0.5%. On the market front, the oil and gas sector fell across the board due to international oil price fluctuations, with CNOOC and UNITEDENERGY GP leading the declines. Internet giants diverged; while TENCENT rose slightly, its intraday short-selling turnover exceeded HK$3 billion, indicating intense long-short contention. Meanwhile, the market showed clear structural opportunities, with retailers and the AI sector performing actively. JST GROUP, COWELL, and other stocks surged significantly, while Asymchem jumped 12% against the trend, bolstered by strong earnings and dividend plans. Overall, competition among existing funds within the market intensified, and investor caution remained high, with capital flows tilting toward high-performance stocks and those supported by buybacks"
datetime: "2026-03-31T02:45:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281111867.md)
  - [en](https://longbridge.com/en/news/281111867.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281111867.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/281111867.md) | [繁體中文](https://longbridge.com/zh-HK/news/281111867.md)


# Hong Kong Stocks Intraday | Hong Kong's Three Major Indices Fall Across the Board: TENCENT Edges Up Against the Trend Amid Divergence, Oil and Gas Sector Plunges to Lead the Decline

**Market Overview**

▪ During intraday trading in Hong Kong stocks, all three major indices experienced significant adjustments, with market sentiment under pressure.

▪ As of now, the Hang Seng Index stands at 24719.624 points, down 0.13% intraday, failing to reach recent highs.

▪ The Hang Seng TECH Index is trading at 4667.49 points, with its decline widening to 0.48%, showing a significant pullback.

▪ The Hang Seng China Enterprises Index is at 8359.62 points, down 0.47% from the previous trading day, indicating overall weak performance.

**Sector Performance**

▪ The oil and gas sector experienced a significant intraday decline, primarily influenced by fluctuations in international oil prices, leading to overall pressure. CNOOC fell by 3.11%, UNITEDENERGY GP dropped by 5.00% intraday, and CNOOC-R declined by 3.45%, reflecting increased investor risk aversion and adjustments in industry earnings expectations.

▪ The internet content and information sector showed divergent trends. TENCENT edged up 0.17%, with turnover exceeding HK$3.3 billion. Its daily short-selling turnover was as high as HK$3.04 billion, ranking alongside BYD COMPANY and ALIBABA-W among the top for short selling, indicating significant market divergence and potential for increased short-term volatility.

▪ The application software sector traded with volatility, with some leading companies experiencing mild fund sentiment. KUAISHOU-W rose 0.13% intraday, as the company continues its share buyback program, indicating a clear intention by management to stabilize the stock price, which helps enhance short-term market confidence. SENSETIME-W fell 0.54% as it continues to promote its AI open-source ecosystem and industry standards to foster innovation. BIDU-SW rose 0.47%, with its fund investing in Corona Robotics, indicating continued institutional interest in the AI sector. PHANCY fell 2.85%, and HORIZONROBOT-W dropped 0.74%.

▪ The sector, overall, is influenced by short-selling divergence and share buyback activities by some companies. Competition among existing funds within the market is intense, with frequent internal sector rotations. Investors are exhibiting a wait-and-see attitude alongside structural allocations.

**Macroeconomic Background**

▪ During intraday trading, the market continued to focus on fluctuations in annual import growth rates. External economic conditions and policy changes in mainland China are impacting corporate earnings and liquidity.

▪ Short-term market sentiment appears slightly cautious, with core attention on capital flows, policy disruptions, and macroeconomic variables. A differentiated pattern in short-term risk appetite is expected to persist, with structural opportunities becoming prominent.

**Hot Stocks**

▪ The retailer sector showed significant intraday movement. XXF surged 13.76%, with a turnover of HK$36.8484 million, indicating clear short-term fund interest. JST GROUP saw a substantial intraday gain of 18.03%, with a turnover of HK$7.6565 million. Driven by inflows into the tech sector, its activity increased, with short-term fund chasing reinforcing market liquidity.

▪ COWELL rose 12.27% intraday, with a turnover of HK$20.9521 million, attracting short-term fund attention due to its technological attributes. J&T EXPRESS-W climbed 10.02% intraday, with a turnover of HK$58.0773 million, demonstrating strong fund activity.

▪ Asymchem surged 12.29% intraday, with a turnover of HK$12.7247 million. The company announced that its 2025 net profit attributable to the parent company increased by 19.35% year-on-year, and it plans to continue distributing dividends over the next three years, with the annual dividend payout ratio not less than 10% of distributable profits. Strong financial reports and return plans boosted market confidence and attracted capital inflows.

**Top 10 Market Turnover Stocks**

▪ TENCENT (700.HK) Latest price HK$482.40, up 0.17%, turnover HK$3.334 billion

▪ CNOOC (883.HK) Latest price HK$28.02, down 3.04%, turnover HK$2.385 billion

▪ ALIBABA-W (9988.HK) Latest price HK$119.00, down 1.24%, turnover HK$2.198 billion

▪ YOFC (6869.HK) Latest price HK$188.20, down 4.47%, turnover HK$2.173 billion

▪ POP MART (9992.HK) Latest price HK$143.10, down 3.77%, turnover HK$2.029 billion

▪ XIAOMI-W (1810.HK) Latest price HK$32.16, down 0.68%, turnover HK$1.510 billion

▪ ZIJIN GOLD INTL (2259.HK) Latest price HK$177.70, down 0.17%, turnover HK$1.296 billion

▪ BYD COMPANY (1211.HK) Latest price HK$105.90, up 0.09%, turnover HK$1.279 billion

▪ MEITUAN (3690.HK) Latest price HK$83.75, down 0.53%, turnover HK$1.189 billion

▪ ZIJIN MINING (2899.HK) Latest price HK$34.50, up 0.82%, turnover HK$1.133 billion

### 相关股票

- [CNOOC (00883.HK)](https://longbridge.com/zh-CN/quote/00883.HK.md)
- [UNITEDENERGY GP (00467.HK)](https://longbridge.com/zh-CN/quote/00467.HK.md)
- [TENCENT (00700.HK)](https://longbridge.com/zh-CN/quote/00700.HK.md)
- [KUAISHOU-W (01024.HK)](https://longbridge.com/zh-CN/quote/01024.HK.md)
- [SENSETIME-W (00020.HK)](https://longbridge.com/zh-CN/quote/00020.HK.md)
- [BIDU-SWR (89888.HK)](https://longbridge.com/zh-CN/quote/89888.HK.md)
- [PHANCY (06682.HK)](https://longbridge.com/zh-CN/quote/06682.HK.md)
- [HORIZONROBOT-W (09660.HK)](https://longbridge.com/zh-CN/quote/09660.HK.md)
- [XXF (02473.HK)](https://longbridge.com/zh-CN/quote/02473.HK.md)
- [JST GROUP (06687.HK)](https://longbridge.com/zh-CN/quote/06687.HK.md)
- [COWELL (01415.HK)](https://longbridge.com/zh-CN/quote/01415.HK.md)
- [J&T EXPRESS-W (01519.HK)](https://longbridge.com/zh-CN/quote/01519.HK.md)
- [Asymchem (06821.HK)](https://longbridge.com/zh-CN/quote/06821.HK.md)
- [YOFC (06869.HK)](https://longbridge.com/zh-CN/quote/06869.HK.md)
- [POP MART (09992.HK)](https://longbridge.com/zh-CN/quote/09992.HK.md)
- [XIAOMI-W (01810.HK)](https://longbridge.com/zh-CN/quote/01810.HK.md)
- [ZIJIN GOLD INTL (02259.HK)](https://longbridge.com/zh-CN/quote/02259.HK.md)
- [BYD COMPANY (01211.HK)](https://longbridge.com/zh-CN/quote/01211.HK.md)
- [ZIJIN MINING (02899.HK)](https://longbridge.com/zh-CN/quote/02899.HK.md)
- [MEITUAN (03690.HK)](https://longbridge.com/zh-CN/quote/03690.HK.md)

## 相关资讯与研究

- [Pop Mart shares sink despite revenue surge, as analysts say Labubu reliance worries investors](https://longbridge.com/zh-CN/news/280487493.md)
- [Boost for Pop Mart’s shares from buyback likely limited](https://longbridge.com/zh-CN/news/280724952.md)
- [Cnooc Appoints Huang Yongzhang as Its Vice Chairman, Executive Director, President and Member of the Strategy and Sustainability Committee](https://longbridge.com/zh-CN/news/280207453.md)
- [Jefferies Reaffirms Their Buy Rating on Pop Mart International Group Limited (735)](https://longbridge.com/zh-CN/news/280938752.md)
- [Cowell e Holdings FY revenue USD 3,500.1 million](https://longbridge.com/zh-CN/news/281031848.md)