I. Market Overview
The Hong Kong market ended lower on Jun 25. The Hang Seng Index (HSI) declined 1.43% to 23,076.91, pressured by losses in heavyweight technology and consumer names. The Hang Seng China Enterprises Index (HSCEI) fell 2.02% to 7,608.38, while the Hang Seng Tech Index (HSTECH) retreated 1.63% to 4,405.92. The Hang Seng Composite Index (HSCCI) slipped 1.58% to 3,797.03. Total market turnover reached HKD 325.78 billion, reflecting active trading despite the broad pull-back.
Weakness in large-cap internet and consumer discretionary stocks outweighed gains in selected industrial and materials counters. News flow highlighted earnings-driven declines in Trip.com, a sharp fall in Sunny Optical after guidance concerns, and upbeat sentiment in packaging and semiconductor names such as CNBM and GigaDevice.
II. Sector Performance
Large-cap Tech Stocks
Performance was mixed: Tencent –1.73% to HKD 421.40, Alibaba –4.43% to HKD 95.00, and Baidu –3.45% to HKD 103.40 weighed on the tech gauge, while chipmakers SMIC +1.42% to HKD 86.00 and Lenovo +4.62% to HKD 23.98 offered pockets of resilience.
Top Performing Sectors
- Paper Packaging +13.54%
- Oil & Gas Refining & Marketing +10.40%
- Airlines +4.88%
Bottom Performing Sectors
- Home Improvement Retail –10.29%
- Passenger Ground Transportation –8.87%
- Copper –8.14%
III. Top 10 Gainers in Hong Kong Market Today
| Stock Name | Ticker | Price (HKD) | Daily Change |
| CSOP SK Hynix Daily (2x) Leveraged Product | 07709 | 182.40 | 18.44% |
| CNBM | 03323 | 6.07 | 14.53% |
| BIREN TECH | 06082 | 68.00 | 13.33% |
| GIGADEVICE | 03986 | 1108.00 | 12.32% |
| SHOUGANG LANZA | 02553 | 52.55 | 11.81% |
| JF SMARTINVEST | 09636 | 29.96 | 11.79% |
| DELTON | 01989 | 189.50 | 11.56% |
| KB LAMINATES | 01888 | 104.20 | 11.38% |
| YOFC | 06869 | 287.60 | 10.11% |
| CSOP Samsung Electronics Daily (2x) Leveraged Product | 07747 | 197.25 | 9.86% |
Filter: Market cap>HKD10B
IV. Top 10 Losers in Hong Kong Market Today
| Stock Name | Ticker | Price (HKD) | Daily Change |
| LYGEND RESOURCE | 02245 | 11.23 | -13.75% |
| TOPNC | 07688 | 24.50 | -12.50% |
| SUNNY OPTICAL | 02382 | 67.00 | -11.73% |
| TRIP.COM-S | 09961 | 315.00 | -10.92% |
| PATEO | 02889 | 118.10 | -10.87% |
| CHINFMINING | 01258 | 11.55 | -10.12% |
| CAOCAO INC | 02643 | 22.12 | -10.08% |
| DEEPEXI TECH | 01384 | 37.40 | -9.84% |
| NANSHAN AL INTL | 02610 | 26.56 | -9.17% |
| ZHAOWEI | 02692 | 51.05 | -9.00% |
Filter: Market cap>HKD10B
V. Closing Summary
1. The three major Hong Kong benchmarks closed lower, led by the HSCEI –2.02% and HSTECH –1.63%, as selling in heavyweight internet and consumer names offset strength in selected industrial and materials counters. A robust HKD 325.78 billion turnover underscored brisk participation.
2. Among large-cap techs, sentiment was cautious. Alibaba –4.43%, Tencent –1.73%, and Baidu –3.45% dragged, while chip-related names such as SMIC +1.42% and Lenovo +4.62% found buyers amid supportive semiconductor headlines. The standout was Knowledge Atlas +8.10%, reflecting investor enthusiasm for AI-linked plays.
3. Outside mega-tech, earnings disappointment hit Trip.com –10.92%, making it one of the day’s sharpest decliners after weaker-than-expected profit guidance. Optical-lens maker Sunny Optical –11.73% also tumbled on demand concerns. Conversely, construction-materials group CNBM +14.53% and PCB producer KB Laminates +11.38% surged on strong order momentum, while leveraged products tracking South Korean chipmakers rallied on news of SK Hynix’s planned US listing.
4. Sector rotation was evident: Paper Packaging and Oil & Gas Refining & Marketing led advances, each rising over 10%, supported by supply-demand themes highlighted in intraday reports. At the other end, resource and retail niches such as Copper and Home Improvement Retail faced steep profit-taking. No major IPOs debuted today, but investor focus remained on semiconductor expansion stories and earnings updates.
Sources: Public market data, summarized media reports
Disclaimer: This content is for reference only and does not constitute investment advice.
Comments