Market Overview
On February 27, Hong Kong stocks closed higher across the board, with the three major indices ending a short-term adjustment, and market bullish sentiment showing a mild recovery. Although none of the indices broke through the recent peak set on February 25 this week, they maintained a consolidation phase in the high range, indicating a decent level of market support.
▪ The Hang Seng Index closed up 0.95%, at 26,630.54 points. The index performed steadily during the day, stabilizing and rebounding. Although it did not refresh the previous high, it has recovered most of the technical levels, demonstrating strong resilience against declines.
▪ The Hang Seng Tech Index rose 0.56%, closing at 5,137.84 points. The technology sector showed relatively mixed performance, with the index finding support above 5,100 points and continuing in a phase of consolidation.
▪ The China Enterprises Index increased by 0.51%, closing at 8,859.49 points. The performance of heavyweight blue-chip stocks was stable, driving the index to rebound in line with the broader market, maintaining a range-bound oscillation pattern.
Sector Performance
▪ The internet content and information sector showed mixed performance, influenced by regulatory sentiment and the commercialization process of AI. Tencent Holdings (700.HK) rose 1.17%, with a trading volume of HKD 16.776 billion. Despite facing adjustments in institutional ratings, it performed steadily around HKD 530. Kuaishou-W (1024.HK) fell 1.18%, with a trading volume of HKD 2.701 billion, suppressed by potential content regulation and AI safety risks, limiting bullish sentiment. Baidu-SW (9888.HK) rose 0.24%, with a trading volume of HKD 2.505 billion, maintaining a narrow range of oscillation.
▪ The retail sector oscillated narrowly as the market digested macro data and corporate strategic adjustments. Alibaba-W (9988.HK) fell 0.07%, with a trading volume of HKD 12.742 billion. Although investments in AI e-commerce infrastructure are showing results, fluctuations in macro consumption data remain a major disruptive factor. JD-SW (9618.HK) rose 0.38%, with a trading volume of HKD 1.21 billion, maintaining defensive resilience in core home appliances and 3C categories. Miniso (9896.HK) fell 0.22%, with its spin-off listing plan still in progress.
▪ The communication equipment sector showed polarized performance among individual stocks, with both AI computing power demand driving growth and cost concerns persisting. Yangtze Optical Fibre and Cable (6869.HK) surged 10.06%, with a trading volume of HKD 9.101 billion, driven by a surge in demand for high-performance optical fibers from AI computing centers and shareholder share transfers, eliciting a strong market response. In contrast, Cambridge Technology (6166.HK) plummeted 8.28%, with a trading volume of HKD 314 million, as the market worried about its optical module gross margin being squeezed by cost pressures and liquidity rumors. ZTE Corporation (763.HK) fell 1.09%, attempting to reduce costs and improve efficiency through supply chain management.
Macroeconomic Background
▪ As of February 27, 2026, there has been a recent lack of macro data releases for Hong Kong stocks, leading the market into a data vacuum period. The current focus has shifted to the return of liquidity after the holiday and corporate earnings expectations. In the absence of key data guidance such as CPI, investors are closely monitoring the direction of the Federal Reserve's monetary policy and the implementation of growth stabilization policies in the mainland, with valuation recovery and risk aversion sentiment becoming the main themes in the short term
Popular Stocks
▪ Star Chain Group (399.HK) rose 63.52%, with a trading volume of HKD 72.3717 million. Driven by the overall rebound of technology stocks, AI and blockchain-related concepts attracted capital, coupled with expectations of business transformation after the company's name change, pushing the stock price to strengthen continuously.
▪ Great Wall Microelectronics (8286.HK) rose 154.84%, with a trading volume of HKD 7.5356 million. It reached a 52-week high of HKD 0.48 during the session. As a manufacturer of optical fiber components, it may be significantly influenced by rumors of technological breakthroughs in the industry or capital speculation.
▪ Shengneng Group (2459.HK) rose 21.70%, with a trading volume of HKD 16.1734 million. The market's recent improvement in demand expectations for graphite electrodes and upstream materials in new energy has driven the valuation recovery of the stock, and this rebound is seen as a technical correction after an oversold condition.
▪ Feida Holdings (1100.HK) rose 21.26%, with a trading volume of HKD 7.6801 million. The company released a positive profit forecast, expecting annual profits of no less than HKD 100 million, with a year-on-year increase of over 75%, mainly benefiting from order transfers to the Bangladesh factory and improved production efficiency.
▪ Yuanli Holdings (1933.HK) rose 56.64%, with a trading volume of HKD 2.8682 million. The stock price experienced a dramatic reversal, strongly rebounding from a recent downward trend, possibly due to capital rotation speculation within the segmented technology sector.
Market Trading Volume TOP10
▪ Tencent Holdings (00700.HK) latest trading price HKD 518.00, up 1.17%, trading volume HKD 16.776 billion
▪ Alibaba -W (09988.HK) latest trading price HKD 142.90, down 0.07%, trading volume HKD 12.742 billion
▪ Yangtze Optical Fibre and Cable (06869.HK) latest trading price HKD 148.80, up 10.06%, trading volume HKD 9.101 billion
▪ SenseTime -W (00020.HK) latest trading price HKD 2.56, up 4.92%, trading volume HKD 8.054 billion
▪ Xiaomi Group -W (01810.HK) latest trading price HKD 34.90, down 0.80%, trading volume HKD 4.764 billion
▪ Meituan -W (03690.HK) latest trading price HKD 81.15, up 0.87%, trading volume HKD 3.462 billion
▪ Ping An Insurance (02318.HK) latest trading price HKD 68.00, up 0.22%, trading volume HKD 2.703 billion
▪ Kuaishou -W (01024.HK) latest trading price HKD 62.85, down 1.18%, trading volume HKD 2.701 billion
▪ HSBC Holdings (00005.HK) latest trading price HKD 147.30, up 1.59%, trading volume HKD 2.656 billion
▪ MINIMAX-WP (00100.HK) latest transaction price is HKD 763.50, down 3.17%, with a transaction amount of HKD 2.599 billion

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On February 27th, all three major indices of the Hong Kong stock market closed higher, with the Hang Seng Index rising 0.95% to 26,630.54 points, indicating a moderate recovery in market sentiment. Sector performance was mixed; boosted by demand for AI computing power, Longbridge surged 10.06%, while Cambridge Technology fell 8.28%. Large tech stocks showed varied performance, with Tencent Holdings up 1.17%, Kuaishou down 1.18%, and Alibaba slightly down 0.07%. The current market is in a data vacuum period, with funds maintaining high-level fluctuations and consolidating, awaiting further guidance from macro policies

- On February 27, the Hong Kong stock market closed higher, with all three major indices rebounding after a short-term adjustment, signaling a moderate recovery in market sentiment.  
- The Hang Seng Index rose by 0.95% to 26,630.54 points, indicating strong resistance despite not reaching prior highs, while the Hang Seng Technology Index and the Hong Kong Enterprise Index also increased slightly.  
- Focus shifts to post-holiday liquidity and corporate earnings expectations amidst a lack of key macroeconomic data, with investors eyeing U.S. Federal Reserve policies and mainland growth strategies.

Market Heartbeat

YOFC

TENCENT

KUAISHOU-W

BIDU-SW

BABA-W

JD-SW

MNSO

STARCOIN GROUP

CCOE

SANERGY GROUP

MAINLAND HOLD

ONEFORCE HLDGS

Tencent Holdings Limited

Hong Kong stock market closing | Hang Seng Index rose 0.95%, stabilizing at 26,600 points, YOFC surged 10.06%, Tencent rose 1.17%