Hong Kong stocks closed higher | All three major indices rose, retail sector strong, Glory Technology surged 86%, Qianhai Health rose over 103%

Market Overview

▪ Hong Kong stocks closed today with a broad rise, continuing the rebound momentum across the three major indices;

▪ The Hang Seng Index closed at 26,111.84 points, up 1.68%, maintaining a high-level operation;

▪ The Hang Seng Tech Index closed at 4,910.02 points, up 1.72%, still in a strong range in the short term;

▪ The National Enterprises Index led the gains, closing at 8,805.6 points, up 1.86%.

Sector Performance

▪ The retail sector performed the best, attracting significant capital. Guangli Technology rose by 86.25%, with substantial capital inflow during the day, significantly increasing trading volume and driving the entire sector to lead the gains. Qianhai Health surged by 103.39%, becoming the market focus with active trading, indicating high participation from short-term capital. RIMBACO also recorded a 41.18% increase, with active capital continuously entering, and the overall heat of the sector continued to rise.

▪ The cultural industry sector also saw strong capital positioning. China National Cultural Industry rose by 97.96%, with large amounts of capital quickly pouring in, significantly increasing trading volume, reflecting investors' high recognition and optimistic expectations for the sector's future development.

▪ The technology-weighted sectors performed steadily. Tencent Holdings rose by 1.14%, with a trading volume of HKD 923 million; Alibaba-W rose by 3.24%, with a trading volume of HKD 774 million; Xiaomi Group-W rose by 0.74%, with a trading volume of HKD 504 million. Longpan Technology, although only rising by 19.37%, had a trading volume of HKD 940.1382 million, indicating that the technology sector remains a focus for capital.

▪ Additionally, there was a clear divergence among new energy and semiconductor stocks. BYD Company rose by 4.44%, while CATL slightly fell by 0.24%, SMIC fell by 0.38%, and Hua Hong Semiconductor fell by 4.59%, with related trading volumes ranking among the top in the market, as capital chased hot spots in rotation.

Macroeconomic Background

▪ Recently, the Hong Kong stock market has lacked new macro data releases. Investors are closely monitoring the impact of the international financial environment and mainland data on the rotation of the Hang Seng Index sectors and capital flows. Market volatility has increased, and institutions suggest paying attention to policy expectations and changes in external economic signals.

Popular Stocks

▪ Guangli Technology (6036.HK) rose by 86.25%, with a trading volume of HKD 35.8307 million. On April 29, 2026, the single-day increase reached 75%, with the technology sector recently becoming a hotspot for capital chasing, leading to significant short-term capital inflow and driving the stock price sharply upward. This event shows that capital continues to focus on the combination of technology and consumption, leading to an increase in market valuation.

▪ Qianhai Health (911.HK) rose by 103.39%, with a trading volume of HKD 12.8043 million. On April 29, 2026, it surged by 28.81% in a single day, with active capital inflow, making this stock the focus of the market, boosting sector sentiment, and stimulating short-term capital speculation enthusiasm.

▪ RIMBACO (1953.HK) rose by 41.18%, with a trading volume of HKD 35.4675 million. On April 29, the company's stock price experienced significant fluctuations, with a single-day increase of 31.37%, and trading volume expanded, indicating a concentrated inflow of short-term capital, leading to noticeable price volatility that requires close attention to subsequent movements ▪ China National Cultural Industry (745.HK) rose by 97.96%, with a transaction amount of HKD 10.1567 million. On April 29, the single-day increase was nearly 99%, becoming a hot stock in the cultural industry, with significant capital inflow and a positive market outlook for the development prospects of the cultural industry sector, potentially leading to an increase in industry valuation.

▪ Longpan Technology (2465.HK) rose by 19.37%, with a transaction amount reaching HKD 940.1382 million. There are no recent news disclosures, but it maintains high volatility due to substantial active capital.

Market Transaction Amount TOP10

▪ Tencent Holdings (700.HK) latest transaction price HKD 479.20, increase of 1.14%, transaction amount HKD 923 million

▪ Alibaba-W (9988.HK) latest transaction price HKD 130.60, increase of 3.24%, transaction amount HKD 774 million

▪ Ping An Insurance (2318.HK) latest transaction price HKD 63.70, increase of 6.08%, transaction amount HKD 509 million

▪ Xiaomi Group-W (1810.HK) latest transaction price HKD 30.14, increase of 0.74%, transaction amount HKD 504 million

▪ BYD Company (1211.HK) latest transaction price HKD 108.30, increase of 4.44%, transaction amount HKD 492 million

▪ Contemporary Amperex Technology (3750.HK) latest transaction price HKD 627.50, decrease of 0.24%, transaction amount HKD 489 million

▪ Semiconductor Manufacturing International Corporation (981.HK) latest transaction price HKD 65.80, decrease of 0.38%, transaction amount HKD 426 million

▪ Yangtze Optical Fibre and Cable Joint Stock Limited Company (6869.HK) latest transaction price HKD 230.80, increase of 1.85%, transaction amount HKD 411 million

▪ Hua Hong Semiconductor (1347.HK) latest transaction price HKD 108.10, decrease of 4.59%, transaction amount HKD 385 million

▪ China National Offshore Oil Corporation (883.HK) latest transaction price HKD 29.38, increase of 1.38%, transaction amount HKD 384 million