Market Overview
Hong Kong stocks closed mixed but with a firmer bias on Sep 28. The Hang Seng Index (HSI) rose 0.54% to 24,642.51, the HSCEI gained 0.63% to 8,216.84, and the HSCCI advanced 1.31% to 4,039.85. By contrast, the Hang Seng Tech Index fell 0.37% to 4,296.00. Total market turnover was HKD 177.48 billion. The index mix shows that broad market gains were not driven by large-cap technology, while defensive and value-oriented names contributed more to the advance.
Media reports during the session highlighted gains in bank stocks early in the day, while AI-related shares weakened across the board. Reuters also reported pressure on gold-related stocks after gold prices fell on higher oil prices and rate-hike expectations. NIO rose on a battery-swapping deal with Geely, adding a company-specific catalyst in the EV and mobility space.
Sector Performance
Large-cap Tech Stocks
The Hang Seng Tech Index closed down 0.37%. Within the tracked tech names, NTES rose 4.86%, BILIBILI-W gained 2.83%, and KUAISHOU-W added 2.27%, while ILUVATAR COREX fell 11.37%, MINIMAX-W dropped 9.08%, and LENOVO GROUP declined 4.47%.
Top Performing Sectors
Food Distributors rose 4.95%.
Diversified Capital Markets gained 4.49%.
Interactive Home Entertainment advanced 4.30%.
Bottom Performing Sectors
Human Resource & Employment Services fell 10.59%.
Electronic Components declined 7.41%.
Leisure Facilities dropped 7.17%.
Top 10 Gainers in Hong Kong Market Today
Stock Name | Ticker | Price (HKD) | Daily Change |
CENTRAL NEW EGY | 01735 | 11.70 | 13.26% |
CHINA XLX FERT | 01866 | 10.90 | 7.71% |
CHINA JINMAO | 00817 | 1.27 | 6.69% |
SIGENERGY | 06656 | 325.00 | 6.56% |
BLOKS | 00325 | 65.80 | 6.30% |
H&H INTL HLDG | 01112 | 18.92 | 6.11% |
HUANENG POWER | 00902 | 5.95 | 5.97% |
C&D INTL GROUP | 01908 | 12.77 | 5.89% |
KINETIC DEV | 01277 | 1.91 | 5.83% |
CHINA EB LTD | 00165 | 6.46 | 5.30% |
Top 10 Losers in Hong Kong Market Today
Stock Name | Ticker | Price (HKD) | Daily Change |
JINHAI MED TECH | 02225 | 4.16 | -28.09% |
ABLE DIGITAL | 02687 | 277.20 | -19.42% |
YOFC | 06869 | 155.50 | -16.62% |
PATEO | 02889 | 68.10 | -14.88% |
HQVT | 01392 | 27.00 | -14.34% |
ZJ INNOLIGHT | 03308 | 1028.00 | -12.21% |
CIG | 06166 | 101.90 | -11.93% |
ILUVATAR COREX | 09903 | 109.10 | -11.37% |
CFMEE | 09630 | 311.00 | -10.89% |
GON TECHNOLOGY | 02768 | 38.44 | -10.65% |
Closing Summary
The day’s close was supported by a broad rise in the main Hong Kong benchmarks. The HSI and HSCEI finished higher, while the HSCCI posted the strongest gain among the three major indices. The Hang Seng Tech Index was the only major index to finish lower, indicating that strength outside technology was more important to the session outcome. Turnover remained active at HKD 177.48 billion.
Large-cap tech names were uneven. NTES, BILIBILI-W, KUAISHOU-W, and TME-SW posted gains, but several key AI and chip-related names weakened, including ILUVATAR COREX, MINIMAX-W, LENOVO GROUP, SMIC, and HUA HONG GRACE. The index-level decline in the tech gauge was consistent with that split performance.
Among notable movers, the top gainers list was led by CENTRAL NEW EGY, CHINA XLX FERT, and CHINA JINMAO, while the biggest decliners included JINHAI MED TECH, ABLE DIGITAL, YOFC, and PATEO. Media coverage also pointed to pressure on AI concept stocks and gold-related names during the session, alongside support for banks early in trading and gains in NIO after a battery-swapping deal with Geely.
Sector data showed the strongest gains in Food Distributors, Diversified Capital Markets, and Interactive Home Entertainment, while the weakest sectors included Human Resource & Employment Services, Electronic Components, and Leisure Facilities. The news flow also highlighted softer precious-metals sentiment and mixed leadership across growth and value groups.
Sources: Public market data, summarized media reports
Disclaimer: This content is for reference only and does not constitute investment advice.