Hong Kong Stock Market | Three major indices rise together, with the technology sector leading; Alibaba rises 3.86% to the forefront

LB Select
2025.10.15 10:05
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All three major indices of the Hong Kong stock market closed higher today, with the Hang Seng Index breaking through the 18,200 mark, indicating a significant increase in market risk appetite. The technology sector performed strongly, with leading stocks such as Alibaba and Tencent significantly leading the gains and attracting inflows of institutional funds. The energy sector saw a slight rise supported by the stabilization of international oil prices and expectations of demand recovery, while the financial sector benefited from a valuation recovery for insurance companies. The Federal Reserve's policies and inflation pressures continue to dominate external expectations, with technology growth and large-cap weighted sectors becoming the focus of capital allocation

Closing Situation of the Three Major Indices

  • Hang Seng Index (HSI.HK): Up 1.84%
  • Hang Seng China Enterprises Index (HSCEI.HK): Up 1.89%
  • Hang Seng Tech Index (HSTECH.HK): Up 2.56%

A total of 5059 stocks in the market rose, 2536 fell, and 88 remained flat.

Technology Sector: The technology sector leads the major indices, with continuous inflow of main funds, and many leading stocks favored by foreign capital.

  1. Alibaba (9988.HK): Up 3.86%, trading volume HKD 17.819 billion. Progress in overseas market expansion and AI technology layout is smooth, with a positive outlook for the fourth quarter, receiving significant accumulation from northbound funds.
  2. Tencent Holdings (700.HK): Up 0.97%, trading volume HKD 11.538 billion. The gaming business performs excellently, with continuous growth in cloud and advertising businesses attracting capital.
  3. SMIC (981.HK): Up 3.61%, trading volume HKD 10.056 billion. Global semiconductor demand is recovering, the company's capacity utilization rate is improving, and favorable chip policies support performance.

Energy Sector: The energy sector continues to rebound, with capital expenditure efficiency and oil price expectations driving the stock prices of leading companies.

  1. PetroChina (0857.HK): Up 1.20%, trading volume HKD 1.012 billion. Stabilization of international oil prices drives performance recovery, with bright natural gas business.
  2. CNOOC (0883.HK): Up 1.85%, trading volume HKD 1.865 billion. Stable crude oil prices and rapid advancement in overseas oil and gas resource layout attract attention to the dividend policy.

Financial Sector: The financial sector is volatile, with active performance from insurance companies, boosted by the warming of capital markets and life insurance transformation.

  1. Ping An (2318.HK): Up 3.30%, trading volume HKD 3.295 billion. Initial results of life insurance transformation are evident, with capital markets driving valuation recovery.
  2. Industrial and Commercial Bank of China (1398.HK): Up 0.90%, trading volume HKD 938 million. Optimization of credit structure, stable net interest margin, and good asset quality.
  3. China Pacific Insurance (2601.HK): Up 2.22%, trading volume HKD 859 million. Insurance business shows steady growth, with new health insurance products driving continuous performance improvement.

Consumer and Biotechnology Sector: Some consumer stocks and biotechnology stocks have gained favor from funds.

  1. Pop Mart (9992.HK): Up 3.80%, trading volume HKD 4.585 billion. The popularity of the company's blind boxes and new products remains high, with optimistic full-year performance guidance.

  2. InnoCare Pharma (9606.HK): Up 2.95%, trading volume HKD 3.686 billion. Continuous progress in innovative drug pipelines, with significant returns on R&D investment.

  3. Lao Pu Gold (6181.HK): Up 9.17%, trading volume HKD 3.205 billion. Fluctuations in gold prices drive inflows of safe-haven funds, with significant sales growthMarket Focus

  4. The latest expectations for the Federal Reserve's monetary policy and the global inflation situation dominate market risk appetite and the direction of capital flows.

  5. The technology sector continues to attract capital attention due to the prospects of AI, cloud computing, and other industries, becoming the main battleground for capital inflows.

  6. The demand for valuation recovery in the energy and financial sectors is increasing, with a focus on policy direction and fluctuations in international oil prices and capital markets.

Top Ten Stocks by Trading Volume

  1. Alibaba (9988.HK), closing price HKD 161.60, up 3.86%, trading volume HKD 17.819 billion

  2. Tencent Holdings (700.HK), closing price HKD 627.00, up 0.97%, trading volume HKD 11.538 billion

  3. SMIC (981.HK), closing price HKD 76.00, up 3.61%, trading volume HKD 10.056 billion

  4. Hua Hong Semiconductor (1347.HK), closing price HKD 80.85, up 5.34%, trading volume HKD 5.995 billion

  5. Xiaomi Group (1810.HK), closing price HKD 49.48, up 1.77%, trading volume HKD 5.892 billion

  6. Pop Mart (9992.HK), closing price HKD 273.00, up 3.80%, trading volume HKD 4.585 billion

  7. Meituan (3690.HK), closing price HKD 99.90, up 1.63%, trading volume HKD 3.915 billion

  8. InnoCare Pharma (9606.HK), closing price HKD 314.00, up 2.95%, trading volume HKD 3.686 billion

  9. Ping An Insurance (2318.HK), closing price HKD 54.75, up 3.30%, trading volume HKD 3.295 billion

  10. Lao Pu Gold (6181.HK), closing price HKD 756.50, up 9.17%, trading volume HKD 3.205 billion

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