Hong Kong stock market closing | Hang Seng Technology Index fell 0.96%, Ganfeng Lithium surged 8.96% leading active sectors

Market Overview

• The three major indices of the Hong Kong stock market fell across the board today. The Hang Seng Index closed at 26,384.28 points, down 0.71%; the Hang Seng China Enterprises Index closed at 9,328.40 points, down 0.74%; the Hang Seng Technology Index closed at 5,756.88 points, down 0.96%.
• A total of 705 stocks rose, 1,206 stocks fell, and 815 stocks were flat, indicating a generally weak sentiment in the market, with a decline in risk appetite for sector funds and a noticeable increase in wait-and-see sentiment.

Sector Performance

• The retail sector showed slight fluctuations, with funds on the sidelines, affected by consumer confidence volatility. Alibaba -W closed at HKD 154.90, remaining flat throughout the day with a trading volume of HKD 17.642 billion, showing balanced fund inflow. JD.com -SW fell by 1.28%, with a trading volume of HKD 1.618 billion. Miniso Group slightly declined by 0.43%, with a trading volume of HKD 0.070 billion. Overall, leading stocks showed divergence, and there was no significant improvement in consumer demand.
• The internet content and information sector fell today. Tencent Holdings dropped by 0.70%, with a trading volume of HKD 8.786 billion, attracting significant fund attention. Baidu -SW fell by 2.99%, and Kuaishou -W slightly declined by 0.45%. Although some popular companies reported favorable earnings, the sector remains under pressure in the short term, with mainstream leaders showing signs of profit-taking.
• The hardware and storage sector performed weakly, becoming a significant drag on the market. Xiaomi Group -W closed at HKD 41.96, down 0.94% with a trading volume of HKD 5.512 billion. Lenovo Group plummeted by 3.90%, with a trading volume of HKD 1.506 billion, while BYD Company fell by 2.88%. Industry demand is under short-term pressure, leading to active fund reduction.

Macroeconomic Background

• In terms of the macro environment, the three-month unemployment rate remains at 3.7%, and the annual CPI is 1.1%. The Hong Kong stock market holds a cautious attitude towards economic recovery momentum, with moderate inflation levels and limited signs of economic improvement. Market investors continue to pay attention to changes in the global policy environment and fluctuations in domestic and external demand, with active portfolio adjustments and higher sensitivity to performance and theme-driven sectors.

Popular Stocks

• Beijing Jingdian Machinery Co., Ltd. rose by 1.05%, with a trading volume of HKD 0.091 billion, maintaining positive performance.
• Star Chain Group plummeted by 73.11%, with a trading volume of HKD 0.024 billion, showing extreme volatility, and investors should be wary of its abnormal risk.
• Longpan Technology rose by 4.50%, with a trading volume of HKD 0.248 billion, showing active performance and attracting some fund attention.
• PACIFIC LEGEND fell by 2.00%, with a trading volume of HKD 0.011 billion, indicating a weakening market performance.
• Shandong Molong Petroleum Machinery Co., Ltd. closed flat, with a trading volume of HKD 1.4 billion, showing stable fund sentiment and a lack of strong market direction.

Market Trading Volume TOP10

• Alibaba -W: Change in price 0.00%, trading volume HKD 17.642 billion
• Tencent Holdings: down 0.70%, turnover HKD 8.786 billion
• Xiaomi Group -W: down 0.95%, turnover HKD 5.512 billion
• SMIC: down 0.75%, turnover HKD 4.507 billion
• Hua Hong Semiconductor: up 0.39%, turnover HKD 2.952 billion
• Meituan -W: up 0.30%, turnover HKD 2.908 billion
• Ping An Insurance: down 0.67%, turnover HKD 2.566 billion
• Pop Mart: up 0.46%, turnover HKD 2.381 billion
• Ganfeng Lithium: up 8.96%, turnover HKD 2.222 billion
• XPeng -W: down 2.74%, turnover HKD 2.128 billion