--- title: "【Zhenzhuo Institution View】Hong Kong stocks' rally halted, Hang Seng continues to fluctuate between 25,500-26,000 points" type: "Topics" locale: "zh-HK" url: "https://longbridge.com/zh-HK/topics/37349865.md" description: "China and Hong Kong stock markets fluctuated yesterday. For A-shares, the Shanghai Composite Index maintained a narrow range, with a fluctuation of less than 30 points throughout the day. The index turned negative in the afternoon but still managed to close higher, ending at 3,919 points, up 2 points. The Shenzhen Component Index once rose to a new high for the month but ended little changed, closing at 13,368 points, up 0.27%. The total turnover of the two markets was about 1.9 trillion yuan. As for Hong Kong stocks, the market fluctuated downward, with the Hang Seng Index trading in a narrow range throughout the day. It rose by as much as 125 points in the morning but fell by 75 points in the afternoon, eventually closing at 25,774 points..." datetime: "2025-12-24T03:19:15.000Z" locales: - [en](https://longbridge.com/en/topics/37349865.md) - [zh-CN](https://longbridge.com/zh-CN/topics/37349865.md) - [zh-HK](https://longbridge.com/zh-HK/topics/37349865.md) author: "[真灼财经](https://longbridge.com/zh-HK/profiles/1067948.md)" --- > 支持的語言: [English](https://longbridge.com/en/topics/37349865.md) | [简体中文](https://longbridge.com/zh-CN/topics/37349865.md) # 【Zhenzhuo Institution View】Hong Kong stocks' rally halted, Hang Seng continues to fluctuate between 25,500-26,000 points Mainland and Hong Kong stock markets were volatile yesterday. For A-shares, the Shanghai Composite Index maintained a narrow range, with a daily fluctuation of less than 30 points. The index turned negative in the afternoon but still managed to close higher, up 2 points at 3,919. The Shenzhen Component Index hit a new monthly high but ended little changed, up 0.27% at 13,368, with total turnover of about RMB1.9 trillion. Hong Kong stocks fluctuated, with the Hang Seng Index swinging between gains and losses, rising as much as 125 points in early trading but falling 75 points in the afternoon, eventually closing down 27 points or 0.11% at 25,774. The Hang Seng Tech Index also rose first and then fell, closing down 0.69% at 5,488, with turnover of only HK$157.1 billion. Among the constituents, CSPC Pharmaceutical (01093.HK)$CSPC PHARMA(01093.HK) stood out, surging 7.6% as the best performer, while Tingyi (00322.HK)$TINGYI(00322.HK) rose 2.1%, the second-best performer. Three China Resources-related stocks also performed well, all rising more than 1%. Among the decliners, Kuaishou (01024.HK)$KUAISHOU-W(01024.HK) was the worst performer, falling more than 3.5%, while Tencent (00700.HK) also weakened, falling more than 2% as the second-worst performer. China Unicom (00762.HK), WuXi AppTec (02359.HK), and JD Health (06618.HK) all fell more than 2%. The Hang Seng Index failed to regain the 26,000 level yesterday, and the upward trend was interrupted, indicating strong resistance at this level. Whether the market can break through depends on the short-term performance of A-shares. In addition, as there is only a half-day session today, turnover is expected to weaken further, meaning the market is unlikely to break through for now. The Hang Seng Index is expected to continue fluctuating between 25,500 and 26,000. Source: Bright Smart Securities ### 相關股票 - [TINGYI (00322.HK)](https://longbridge.com/zh-HK/quote/00322.HK.md) - [CSPC PHARMA (01093.HK)](https://longbridge.com/zh-HK/quote/01093.HK.md) - [KUAISHOU-W (01024.HK)](https://longbridge.com/zh-HK/quote/01024.HK.md) - [TENCENT (00700.HK)](https://longbridge.com/zh-HK/quote/00700.HK.md) - [CHINA UNICOM (00762.HK)](https://longbridge.com/zh-HK/quote/00762.HK.md) - [China Unicom (600050.CN)](https://longbridge.com/zh-HK/quote/600050.CN.md) - [WUXI APPTEC (02359.HK)](https://longbridge.com/zh-HK/quote/02359.HK.md) - [SSE Index (000001.CN)](https://longbridge.com/zh-HK/quote/000001.CN.md) - [ISHARESCGB (02829.HK)](https://longbridge.com/zh-HK/quote/02829.HK.md) - [BOCGBACLIMATE-R (83129.HK)](https://longbridge.com/zh-HK/quote/83129.HK.md) - [Shenzhen Index (399001.CN)](https://longbridge.com/zh-HK/quote/399001.CN.md) - [JD HEALTH (06618.HK)](https://longbridge.com/zh-HK/quote/06618.HK.md) - [BRIGHT SMART (01428.HK)](https://longbridge.com/zh-HK/quote/01428.HK.md) - [FI2 CSOP HSI (07500.HK)](https://longbridge.com/zh-HK/quote/07500.HK.md) - [FI CSOP HSI (07300.HK)](https://longbridge.com/zh-HK/quote/07300.HK.md) - [FL2 CSOP HSI (07200.HK)](https://longbridge.com/zh-HK/quote/07200.HK.md) - [TRACKER FUND (02800.HK)](https://longbridge.com/zh-HK/quote/02800.HK.md) - [Hang Seng Index (00HSI.HK)](https://longbridge.com/zh-HK/quote/00HSI.HK.md) - [CHINA RES LAND (01109.HK)](https://longbridge.com/zh-HK/quote/01109.HK.md) - [KUAISHOU-WR (81024.HK)](https://longbridge.com/zh-HK/quote/81024.HK.md) - [TENCENT-R (80700.HK)](https://longbridge.com/zh-HK/quote/80700.HK.md) - [Tencent HK SDR 10to1 (HTCD.SG)](https://longbridge.com/zh-HK/quote/HTCD.SG.md) - [Tencent (TCEHY.US)](https://longbridge.com/zh-HK/quote/TCEHY.US.md) - [Tencent Holdings Limited (TCTZF.US)](https://longbridge.com/zh-HK/quote/TCTZF.US.md) - [WuXi AppTec (603259.CN)](https://longbridge.com/zh-HK/quote/603259.CN.md) - [JD HEALTH-R (86618.HK)](https://longbridge.com/zh-HK/quote/86618.HK.md)