Hong Kong Stock Market Midday Review | The three major indices rose collectively, with the Hang Seng Index gaining over 1%; most technology stocks advanced, with Bilibili up more than 5% and Alibaba rising over 2%; ‘Zijin Mining’ stocks performed strongly

According to Futu News on January 27, the three major Hong Kong stock indices rose collectively.$Hang Seng Index (800000.HK)$Increased by 1.07%,$Hang Seng TECH Index (800700.HK)$Increase of 0.20%,$Hang Seng China Enterprises Index (800100.HK)$ Up 0.86%.

By midday closing, 949 stocks in Hong Kong rose, 1071 fell, and 1122 remained unchanged.

In terms of sectors, most tech internet stocks rose, with Bilibili-W up 5.46%, Alibaba-W up 2.18%, JD.com-SW down 1.38%, Tencent up 1.08%, Kuaishou-W up 0.57%, Meituan-W down 0.51%, Xiaomi Group-W up 0.51%, and Baidu-SW down 0.19%.

Gold stocks performed strongly, with Zijin Gold International up 10.63%, China Silver Group down 4.94%, Zijin Mining up 4.08%, Zhaojin Mining down 2.39%, Shandong Gold down 2.07%, China Gold International down 1.44%, Chifeng Gold down 0.89%, and Lingbao Gold up 0.08%.

Insurance stocks rose collectively, with China Life up 3.60%, AIA up 3.49%, PICC Group up 2.47%, New China Life Insurance up 2.23%, China Taiping up 1.99%, Ping An up 1.91%, China Pacific Insurance up 1.66%, and PICC Property up 0.32%.

Non-ferrous metal stocks rose, with Zijin Gold International up 10.63%, Zijin Mining up 4.08%, Ganfeng Lithium down 3.31%, Jiangxi Copper down 2.43%, Zhaojin Mining down 2.39%, Shandong Gold down 2.07%, China Hongqiao up 1.97%, and Luoyang Molybdenum up 0.62%.

Banking stocks performed well, with Agricultural Bank of China up 2.60%, HSBC Holdings up 1.98%, ICBC up 1.92%, China Merchants Bank up 1.59%, Minsheng Bank up 1.58%, Bank of China (Hong Kong) up 1.51%, China Construction Bank up 1.44%, and Bank of China up 1.34%.

Heavy infrastructure stocks generally declined, with Chalco International down 5.15%, Junyu Foundation down 4.15%, Yihe Holdings up 3.85%, China Metallurgical Group down 2.13%, China Railway Group down 2.04%, China State Construction International down 1.20%, China Communications Construction down 0.59%, and China Railway Construction down 0.36%.

Regarding individual stocks, a HKD 28 billion acquisition of African gold mines! Shares of ‘Zijin-related’ companies surged in Hong Kong.$ZIJIN MINING (02899.HK)$ rose more than 4%, $ZIJIN GOLD INTL (02259.HK)$ Surged over 10%, planning to acquire Allied Gold, accelerating entry into the core gold mining area of West Africa.

$KINGSOFT CLOUD (03896.HK)$Rose nearly 7%, Kingsoft Cloud’s StarFlow platform completed a strategic upgrade, with AI business expected to maintain high-speed growth.

$BILIBILI-W (09626.HK)$Increased over 5%, AI applications have become Bilibili’s most critical advertising increment at present.

$JUNSHI BIO (01877.HK)$Rose nearly 6%, successfully issued 1 billion yuan in technology innovation bonds, supporting the company’s R&D and innovation efforts.

$GIGADEVICE (03986.HK)$Rose nearly 6%, full-line storage products experienced price hikes, with the company forecasting a 46% year-on-year increase in net profit for the year.

$BABA-W (09988.HK)$Increased over 2%, officially launched Qwen3-Max-Thinking, a model with total parameters exceeding one trillion.

$DRINDA (02865.HK)$Dropped over 11%, stating that the areas recently explored by the company are still in the technical exploration stage.

$GDS-SW (09698.HK)$Surged over 6%, driven by high demand for AI computing power in data centers.

$WH GROUP (00288.HK)$Rose nearly 2%, Smithfield Foods under its umbrella acquired the hot dog brand Nathan’s Famous.

Top 10 in half-day trading volume

Editor/Rice