Market Overview
▪ On February 27, the three major indices of the Hong Kong stock market collectively warmed up in the morning, with the Hang Seng Tech Index leading the market. As of the midday close:
▪ The Hang Seng Index reported 26,578.43 points, up 0.75%. Although it did not break through the peak on February 25, the recovery trend is good, maintaining a strong oscillating pattern in the short term.
▪ The Hang Seng Tech Index reported 5,162.13 points, up 1.03%, showing the most active performance of the day, with market bullish sentiment recovering somewhat.
▪ The Hang Seng China Enterprises Index reported 8,849.54 points, up 0.40%, with relatively moderate willingness to follow the trend, continuing to consolidate below previous highs.
Sector Performance
▪ The internet content and information sector showed a mixed trend. Leading stock Tencent Holdings rose 2.83%, with a turnover of HKD 7.452 billion, leading the sector; Baidu -SW rose 0.73%. Despite the overnight pullback in U.S. stocks, the sentiment in the Hong Kong market remained relatively stable; Kuaishou -W saw a correction, falling 1.18%.
▪ The retail sector performed steadily and resiliently, showing an upward trend. Alibaba -W rose 1.05%, with a turnover of HKD 5.239 billion; JD -SW followed up 0.77%, and Miniso rose 0.5%.
▪ The communication equipment sector showed fluctuations, with significant stock differentiation. Yangtze Optical Fibre and Cable rose against the trend by 3.85%, with a turnover of HKD 2.335 billion, performing impressively; however, Cambridge Technology fell 6.09%, and ZTE Corporation slightly declined by 0.29%.
Macroeconomic Background
▪ As of February 27, 2026, the Hong Kong stock market is in a window period for macro data releases, with strong market wait-and-see sentiment. Investors' core focus has shifted to the upcoming disclosure of Hong Kong retail sales and overall CPI data to verify the resilience of local consumption recovery.
▪ HSBC's manufacturing PMI and year-on-year import and export rates have become key indicators for assessing external demand, while the liquidity situation closely monitors the marginal impact of changes in M3 money supply on market liquidity.
Popular Stocks
▪ Great Wall Microelectronics (08286.HK) saw an explosive rebound in its stock price, soaring 125.81% in a single day, with a turnover of HKD 3.2936 million. The company successfully withdrew its liquidation petition at the end of 2025, temporarily alleviating the urgency of delisting due to the resolution of the liquidation crisis, coupled with its low market value characteristics, attracting speculative trading for a rebound.
▪ Star Chain Group (00399.HK) saw its stock price rise significantly by 26.42%, with a turnover of HKD 25.5977 million. Market rumors regarding new business license applications sparked high discussions and speculative trading among retail investors on social platforms, but as a low-priced stock, it is highly volatile and carries a risk of correction.
▪ Feida Holdings (01100.HK) saw its stock price rise by 21.26%, with a turnover of HKD 6.3417 million. This continues the upward trend following recent share increases by the controlling shareholder, the Yan family, reflecting confidence in the company's main business in hat manufacturing and future dividend capabilities
▪ XunCe (03317.HK) stock price continued to rise strongly by 13.44%, with a trading volume of HKD 21.243 million. Benefiting from the growing demand for fintech in the Greater Bay Area and the digital transformation of the industry, the market holds an optimistic view on the company's market share expansion in the core asset management system sector.
▪ Ximei Resources (09936.HK) stock price increased by 12.30%, with a trading volume of HKD 9.0117 million. Market research reports indicate that from 2026 to 2030, there will be a structural shortage in the demand for high-purity niobium-tantalum materials due to AI semiconductors and fusion engineering, and the company, as a global leader in hydrometallurgy, is expected to benefit.
Market Trading Volume TOP10
▪ Tencent Holdings (00700.HK) latest trading price HKD 526.50, up 2.83%, trading volume HKD 7.452 billion
▪ Alibaba -W (09988.HK) latest trading price HKD 144.50, up 1.05%, trading volume HKD 5.239 billion
▪ Yangtze Optical Fibre and Cable (06869.HK) latest trading price HKD 140.40, up 3.85%, trading volume HKD 2.335 billion
▪ MINIMAX-WP (00100.HK) latest trading price HKD 717.00, down 9.07%, trading volume HKD 1.844 billion
▪ Xiaomi Group -W (01810.HK) latest trading price HKD 35.06, down 0.34%, trading volume HKD 1.776 billion
▪ SenseTime -W (00020.HK) latest trading price HKD 2.59, up 6.15%, trading volume HKD 1.659 billion
▪ Meituan -W (03690.HK) latest trading price HKD 82.10, up 2.05%, trading volume HKD 1.549 billion
▪ HSBC Holdings (00005.HK) latest trading price HKD 146.90, up 1.31%, trading volume HKD 1.485 billion
▪ Zhiyun (02513.HK) latest trading price HKD 552.50, down 0.72%, trading volume HKD 1.361 billion
▪ SMIC (00981.HK) latest trading price HKD 68.15, up 0.81%, trading volume HKD 1.201 billion

00700

09988

09618

On February 27th, the three major indices of the Hong Kong stock market collectively warmed up in the morning session, with the Hang Seng Tech Index rising 1.03% to lead the market, and the Hang Seng Index increasing 0.75% to maintain a strong oscillating pattern. The internet and retail sectors performed actively, with Tencent Holdings leading the trading volume with a rise of 2.83%, Alibaba following with an increase of 1.05%, and Yangtze Optical Fibre rising sharply by 3.85, while stocks like Kuaishou and Cambridge Technology experienced adjustments. On the macro level, the market is in a data vacuum period, with investors waiting for guidance from Hong Kong's retail sales and CPI data, and overall bullish sentiment has somewhat recovered

- On February 27, Hong Kong's three major indices rebounded, with the Hang Seng Tech Index leading the market.  
- The Hang Seng Index rose by 0.75% to 26,578.43 points, and investor sentiment was generally positive, particularly in the technology and retail sectors.  
- Notable individual stock performances included a 125.81% surge in Great Wall Digital's shares following the lifting of its liquidation application, attracting speculative trading.

Market Heartbeat

TENCENT

BABA-W

JD-SW

MNSO

BIDU-SW

KUAISHOU-W

YOFC

CCOE

STARCOIN GROUP

MAINLAND HOLD

XUNCE

XIMEI RESOURCES

Hwabao CSI HK Equities Internet ETF

E Fund CSI HK Connect Internet ETF

Alibaba

BABA 2x Long Daily ETF - GraniteShares

FI2 CSOP HSI

Tencent

FI CSOP HSI

Hang Seng Composite Index

Harvest Hang Seng SCHK Technology ETF

KraneShares 2x Long BABA Daily ETF

CSOP HS TECH

Tencent Holdings Limited

Hang Seng Index

FL2 CSOP HSI

Hong Kong Stock Midday Review | Hang Seng Tech Index up 1.03%, Tencent Holdings up 2.83% leading the way, YOFC up 3.85%