The Hong Kong stock market displayed a mixed trajectory, with significant movements among high-volume and volatile stocks. Tencent Holdings Limited (700) witnessed a 1.84% rise, closing at HKD 376.0, reflecting steady investor confidence. Meanwhile, Anta Sports Products (2020) surged by an impressive 5.12%, ending at HKD 79.10. However, Meituan (3690) faced downward pressure, dropping 2.45% to close at HKD 143.1.
Among other high-volume stocks, Xiaomi Corporation (1810) climbed by 2.90% to HKD 33.75, and Semiconductor Manufacturing International Co. (981) posted a notable gain of 5.07%, closing at HKD 32.10. Conversely, AIA Group Limited (1299) fell by 1.39%, settling at HKD 53.05.
Volatility spiked in certain stocks. Momentum Financial Holdings Ltd (1152) soared by a staggering 64.00% to HKD 0.123, while China Kangda Food Company Limited (834) surged 72.73% to HKD 0.285, marking a dramatic uptick in speculative activity. Xin Yuan Enterprises Group Ltd (1748) followed suit with a 43.88% rise, closing at HKD 2.00.
On the downside, Vobile Group Ltd (3738) plummeted by 26.65%, ending at HKD 2.45, reflecting market uncertainties. Meanwhile, Yik Wo Intl Holdings Ltd (8659) and China Fortune Holdings Limited (110) saw marginal movements of -1.59% and +22.22%, respectively.
This session highlighted a blend of robust gains and sharp corrections, underscoring the market’s dynamic nature.
Disclaimer:
Stock market investments are subject to risks. This article is for informational purposes only and does not constitute financial advice.