I. Market Overview
Hong Kong equities closed modestly higher, led by technology and resources. The Hang Seng Index (HSI) rose 0.31% to 27,266.38, the Hang Seng China Enterprises Index (HSCEI) gained 0.28% to 9,268.18, and the Hang Seng Tech Index (HSTECH) outperformed with a 0.90% rise to 5,499.99. The HSCCI added 0.57% to 4,432.29. Strength in gold miners, diversified metals, and construction materials offset weakness in pockets of healthcare and consumer sectors, while large-cap tech posted mixed but generally constructive moves.
Total market turnover reached HKD 217.22 billion. Intraday media coverage highlighted a broad rebound in EV makers and AI application software, alongside a rally in gold stocks. On the macro side, China’s January CPI rose 0.2% year-on-year while PPI deflation eased, a backdrop that supported cyclicals and hard-asset plays.
II. Sector Performance
Large-cap Tech Stocks
The Hang Seng Tech Index rose 0.90% to 5,499.99; leaders included BILIBILI-W +5.16% (HK$252.80) and XIAOMI-W +4.27% (HK$37.10), while TENCENT -0.54% (HK$548.00) and SMIC -2.17% (HK$70.00) lagged.
Top Performing Sectors
Gold (+5.74%): Benefited from defensive flows and commodity support; WANGUO GOLD GP featured among top gainers.
Diversified Metals & Mining (+4.84%): Risk appetite rotated into resources; XINXIN MINING advanced strongly.
Construction Materials (+4.15%): Infrastructure-linked names rallied; CNBM and CONCH VENTURE surged.
Bottom Performing Sectors
Health Care Distributors (-10.36%): Healthcare complex weak, with several health-related listings under pressure.
Publishing (-6.69%): Media names fell; CHINA LIT declined notably.
Forest Products (-4.70%): Commodity-linked paper and forestry segments underperformed.
III. Top 10 Gainers in Hong Kong Market Today
Stock Name | Ticker | Price (HKD) | Daily Change |
|---|---|---|---|
ONEROBOTICS | 06600 | 195.20 | 13.82% |
KB LAMINATES | 01888 | 18.78 | 11.52% |
CNGR | 02579 | 37.82 | 11.50% |
CNBM | 03323 | 6.32 | 11.46% |
JIAXIN INTL RES | 03858 | 92.20 | 11.22% |
XINXIN MINING | 03833 | 2.73 | 10.08% |
WANGUO GOLD GP | 03939 | 17.46 | 9.33% |
CONCH VENTURE | 00586 | 12.13 | 9.28% |
ZIJIN GOLD INTL | 02259 | 228.80 | 9.06% |
LIANLIAN | 02598 | 7.15 | 8.99% |
Filter: Market cap > USD 1B
IV. Top 10 Losers in Hong Kong Market Today
Stock Name | Ticker | Price (HKD) | Daily Change |
|---|---|---|---|
160 HEALTH | 02656 | 62.90 | -30.73% |
QINGSONG HEALTH | 02661 | 75.85 | -17.37% |
51WORLD | 06651 | 55.10 | -17.33% |
NUOBIKAN | 02635 | 443.60 | -16.54% |
GR LIFE STYLE | 00108 | 2.35 | -14.23% |
XUANZHUBIO-B | 02575 | 68.00 | -12.20% |
AXERA | 00600 | 25.40 | -9.93% |
CHINA LIT | 00772 | 40.08 | -8.03% |
YUE YUEN IND | 00551 | 16.80 | -7.13% |
YOFC | 06869 | 107.50 | -5.70% |
Filter: Market cap > USD 1B
V. Closing Summary
1. The three major Hong Kong indices finished higher, extending a cautious recovery as commodity-related shares and selective technology names outperformed. By the close, the HSI gained 0.31% to 27,266.38, the HSCEI rose 0.28% to 9,268.18, and the HSTECH advanced 0.90% to 5,499.99. Turnover was solid at HKD 217.22 billion, suggesting improving participation. Macro data helped sentiment: January CPI in China rose 0.2% year-on-year while PPI deflation moderated, an environment supportive of cyclical/value pockets including materials and energy. Investors balanced this with ongoing global tech volatility, keeping overall gains measured.
2. Large-cap tech delivered a mixed but constructive close. BILIBILI-W jumped 5.16% to HK$252.80 and XIAOMI-W climbed 4.27% to HK$37.10, aided by media reports highlighting stronger interest in AI application software and EV momentum. EV ecosystem names were broadly firmer—media noted gains across Li Auto, Nio, Leapmotor, and XPeng—while platform leaders were more subdued: TENCENT slipped 0.54% to HK$548.00. Semiconductor names lagged, with SMIC down 2.17% to HK$70.00 and HUA HONG SEMI lower, reflecting sector-specific headwinds.
3. Beyond tech, resources and building materials stood out. Top movers included CNBM (+11.46%), CONCH VENTURE (+9.28%), and KB LAMINATES (+11.52%), reflecting infrastructure and manufacturing optimism. The gold complex rallied, with WANGUO GOLD GP (+9.33%) and ZIJIN GOLD INTL (+9.06%) featuring among top gainers, consistent with intraday reports of strength in bullion-linked equities. On the downside, health-related listings faced sharp pressure—names like 160 HEALTH, QINGSONG HEALTH, and XUANZHUBIO-B fell notably—while consumer and media pockets weakened, with CHINA LIT and footwear bellwether YUE YUEN IND declining.
4. Sector-wise, flows favored hard-asset and value exposures. Gold and Diversified Metals & Mining led, while Construction Materials surged on infrastructure sentiment. Meanwhile, Health Care Distributors, Publishing, and Footwear underperformed. Media reports also flagged gains in AI application software stocks—such as SenseTime, Bilibili, and Fourth Paradigm—and highlighted firm EV demand dynamics around Xiaomi, which supported autos and components. Overall, the session reflected a rotation into resources and selective tech, with defensiveness in rate-sensitive REITs and consumer pockets mixed amid the evolving macro backdrop.
Sources: Public market data, summarized media reports
Disclaimer: This content is for reference only and does not constitute investment advice.