I. Market Overview
The Hong Kong market finished the May 4 session on a firm footing. The Hang Seng Index (HSI) closed at 26,095.88, up 1.24% (+319.35 points), reclaiming the 26,000 mark. The Hang Seng China Enterprises Index (HSCEI) gained 1.07% to 8,774.39, while the Hang Seng Tech Index (HSTECH) outperformed, advancing 2.16% to 4,976.70. The broader Hang Seng Composite Index (HSCCI) added 0.48% to 4,411.24. Risk appetite improved across the board, underpinned by strength in heavyweight technology names and a broad rally in semiconductor counters.
Total market turnover reached HK $176.98 billion, reflecting active participation as investors responded to upbeat corporate headlines and robust sector moves. Positive sentiment toward chipmakers and the sharp rally in Xiaomi spurred buying interest, helping lift major benchmarks into positive territory by the closing bell.
II. Sector Performance
Large-cap Tech Stocks
Blue-chip tech constituents were mostly higher: XIAOMI-W (01810) +6.75% to HK$30.98 after reporting April EV deliveries above 30,000 units, and HUA HONG SEMI (01347) +6.05% to HK$121.00. LI AUTO-W (02015) +3.85% to HK$70.15 and KUAISHOU-W (01024) +3.64% to HK$44.46 also advanced. Laggards included NIO-SW (09866) ‑2.36% to HK$48.04 and LENOVO GROUP (00992) ‑0.43% to HK$11.63.
Top Performing Sectors
- Cargo Ground Transportation +11.09%
- Multi-Sector Holdings +10.14%
- Fertilizers & Agricultural Chemicals +6.90%
Bottom Performing Sectors
- Oil & Gas Exploration & Production -2.62%
- Reinsurance -2.44%
- Casinos & Gaming -2.40%
III. Top 10 Gainers in Hong Kong Market Today
| Stock Name | Ticker | Price (HKD) | Daily Change |
|---|---|---|---|
| CSOP SK Hynix Daily (2x) Leveraged Product | 07709 | 58.54 | 22.98% |
| ILUVATAR COREX | 09903 | 560.00 | 20.22% |
| QINGSONG HEALTH | 02661 | 62.40 | 18.86% |
| MANYCORE TECH | 00068 | 27.00 | 18.63% |
| CIG | 06166 | 142.00 | 16.39% |
| XIZHI TECH-P | 01879 | 938.00 | 15.23% |
| DIAGENS-B | 02526 | 331.00 | 14.93% |
| CHINA XLX FERT | 01866 | 12.61 | 14.32% |
| MINIMAX-WP | 00100 | 803.00 | 12.62% |
| YOFC | 06869 | 223.80 | 12.46% |
Filter: Market cap>HKD10B
IV. Top 10 Losers in Hong Kong Market Today
| Stock Name | Ticker | Price (HKD) | Daily Change |
|---|---|---|---|
| WUXI LEAD | 00470 | 54.25 | -8.67% |
| STAR SHINE HLDG | 01440 | 14.64 | -6.75% |
| AKESO | 09926 | 127.80 | -5.89% |
| SICHUAN EXPRESS | 00107 | 5.55 | -5.61% |
| ZHEJIANGEXPRESS | 00576 | 7.35 | -5.28% |
| ANHUIEXPRESSWAY | 00995 | 15.01 | -4.94% |
| CRYSTAL INTL | 02232 | 6.28 | -4.56% |
| JUNSHI BIO | 01877 | 25.20 | -4.26% |
| FIBOCOM | 00638 | 11.33 | -4.23% |
| CHINFMINING | 01258 | 12.87 | -3.96% |
Filter: Market cap>HKD10B
V. Closing Summary
1. The three flagship indices ended May 4 higher, with the HSI rising 1.24%, the HSCEI up 1.07%, and the tech-heavy HSTECH climbing 2.16%. Improved sentiment, supported by active mainland investor participation and a turnover of HK $176.98 billion, underpinned the advance across most sectors.
2. Large-cap technology shares were the day’s linchpin. News of Xiaomi’s April EV deliveries topping 30,000 units drove its share price up 6.75%, while HUA HONG SEMI jumped 6.05% amid a broad semiconductor rally highlighted by media reports of strong chip-maker momentum. Tencent, Kuaishou and Li Auto also added over 1%-4%, reinforcing technology’s leadership.
3. Chip-related counters dominated the gainers list, led by ILUVATAR COREX +20.22% and the leveraged CSOP SK Hynix (2x) +22.98%, mirroring bullish sentiment flagged in intraday coverage of “Chip Stocks Jump.” Conversely, healthcare names such as AKESO ‑5.89% and infrastructure-linked expressway operators faced selling pressure, occupying the day’s worst-performer ranks.
4. Sector breadth was constructive: logistics, multi-sector holdings, and agricultural chemicals posted double- to high-single-digit percentage gains, while oil & gas explorers, re-insurers, and casino plays lagged. IPO and thematic interest persisted, with news reports spotlighting strong moves in new-economy names and active retail participation. No major IPO debuts occurred today, but market engagement with growth themes—EVs, semiconductors, and AI-linked plays—remained evident in turnover and price leadership.
Sources: Public market data, Hong Kong Exchange filings; Tiger Newspress “HK Movers” series, 4 May news bulletins.
Disclaimer: This content is for reference only and does not constitute investment advice.
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