Hong Kong Stock Market Midday Review

According to Futu News on January 19, Hong Kong’s three major indices all declined, with the Hang Seng Index falling by 0.99%, the Technology Index dropping by 1.15%, and the China Enterprises Index decreasing by 0.85%.

By the midday closing, 728 stocks in the Hong Kong market had risen, 1,279 had fallen, and 1,134 remained unchanged.

In terms of sectors, technology internet stocks performed poorly, with Bilibili-W falling by 7.69%, Alibaba-W dropping by 3.31%, Kuaishou-W declining by 2.55%, Baidu Group-SW rising by 2.54%, Xiaomi Group-W decreasing by 1.89%, SenseTime-W falling by 1.20%, Tencent dropping by 1.13%, and Meituan-W declining by 0.95%.

Biotechnology stocks generally fell, with Wuxi Bio dropping by 5.83%, Kelun-Bio falling by 5.40%, Wuxi XDC declining by 4.59%, Wuxi Apptec dropping by 3.64%, XtalPi Holdings rising by 3.40%, Akeso falling by 3.06%, BeiGene declining by 2.86%, and RemeGen dropping by 2.71%.

Many internet healthcare stocks trended downward, with iMD Medical rising by 7.14%, Ping An Good Doctor falling by 4.35%, Ark Health declining by 2.81%, ZhongAn Online dropping by 2.81%, Ali Health falling by 2.65%, JD Health declining by 2.38%, and Dingdang Health dropping by 1.83%.

Pharmaceutical stocks fell broadly, with Innovent Bio dropping by 6.15%, 3SBio falling by 4.98%, Sino Biopharm declining by 4.89%, Hengrui Pharma dropping by 4.74%, Hutchmed falling by 3.38%, WuXi AppTec declining by 2.45%, CSPC Pharma dropping by 0.78%, and CSPC Pharmaceutical Group falling by 0.41%.

Many securities and brokerage stocks trended downward, with DL Holdings falling by 5.43%, HTSC dropping by 3.02%, China Galaxy Securities declining by 2.50%, CICC Securities falling by 1.66%, Guotai Junan International dropping by 1.44%, Haitong International falling by 1.41%, CICC decreasing by 1.13%, and GF Securities rising by 0.72%.

Catering stocks declined, with Shanghai Xiaonanguo falling by 5.13%, Dada Group dropping by 3.93%, Yum China declining by 2.81%, Jiumaojiu rising by 1.49%, Teahouse International falling by 1.38%, Xiaocaiyuan dropping by 0.71%, Greentea Group declining by 0.57%, and Haidilao falling by 0.06%.

In individual stock movements, $CHINA EAST AIR (00670.HK)$ Increased by nearly 9%,$CHINA SOUTH AIR (01055.HK)$Surged over 6%. Analysts noted that improvements in passenger traffic sentiment could drive an increase in the company’s revenue levels.

$TCL ELECTRONICS (01070.HK)$ Surged over 8% after a positive profit alert, with expectations that the adjusted net profit attributable to shareholders for the fiscal year 2025 will increase by up to 60% year-on-year.

$DONGYUE GROUP (00189.HK)$Rose over 4%, driven by sustained high market activity in refrigerants.

$KB LAMINATES (01888.HK)$Increased more than 4%, following recent price hikes for copper-clad laminates; analysts noted the frequency of price increases during the peak season exceeded expectations.

$GIGADEVICE (03986.HK)$Surged over 7% to reach a new high, benefiting from an upturn in the storage cycle.

$DRINDA (02865.HK)$Dropped nearly 3%, with forecasts indicating a widened loss exceeding 1.2 billion yuan for the fiscal year 2025.

$CGN MINING (01164.HK)$Gained over 3%, supported by strong uranium price performance and heightened expectations of U.S. restocking, which spurred further price increases.

$CHERY AUTO (09973.HK)$Rose nearly 5%, with plans to implement the Lingxi Smart Cabin across all primary models under its brand lineup by Q1 2026.

$LI NING (02331.HK)$Gained another 4%, as the quarter-over-quarter decline in cash flow narrowed during Q4, with inventory-sales ratios also showing improvement.

$COSCO SHIP ENGY (01138.HK)$Surged over 6%, amid rising geopolitical tensions in Iran, which have led to a rapid increase in risk premiums for the Strait of Hormuz.

$CTG DUTY-FREE (01880.HK)$Increased over 5%, with duty-free sales in Hainan reaching 4.86 billion yuan in the first month following the border closure.

Top 10 in half-day trading volume

Editor/Rice