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HK Close | Tech and Software Shares Propel Benchmarks Higher Amid Standout Gains in Paper Packaging

Tiger Newspress16:11

I. Market Overview

Hong Kong equities finished higher on Jun 1, with all major indices in positive territory. The Hang Seng Index (HSI) advanced 0.86% to 25,398.18, while the Hang Seng China Enterprises Index (HSCEI) gained 0.97% to 8,507.87. Outperforming the broader market, the Hang Seng Tech Index (HSTECH) climbed 1.65% to 4,964.92, supported by strength in software and internet heavyweights. Aggregate market turnover reached a robust HK $330.94 billion, reflecting active participation across sectors.

Investors focused on upbeat performances from select growth names, particularly within application software, internet platforms and electric-vehicle makers. Meanwhile, defensive pockets such as utilities and some telecom names lagged, but overall sentiment remained constructive throughout the session.

II. Sector Performance

Large-cap Tech Stocks

Software and platform leaders outperformed: KINGDEE INT'L +19.39%, MEITUAN-W +6.54%, LENOVO GROUP +5.17%, and BILIBILI-W +4.99%. Hardware names were mixed, with SMIC –2.63% and HUA HONG SEMI –5.58% weighing, while XPENG-W +6.19% and NIO-SW +6.68% provided support.

Top Performing Sectors

  • Paper Packaging (+12.72%)

  • Transaction & Payment Processing Services (+9.71%)

  • Passenger Ground Transportation (+9.66%)

Bottom Performing Sectors

  • Home Improvement Retail (–8.36%)

  • IT Consulting & Other Services (–6.21%)

  • Electronic Components (–5.65%)

III. Top 10 Gainers in Hong Kong Market Today

Stock Name

Ticker

Price (HKD)

Daily Change

MEITU

01357

5.50

26.15%

CSOP Samsung Electronics Daily (2x) Leveraged Product

07747

218.60

23.40%

KINGDEE INT'L

00268

8.68

19.39%

HUAQIN

03296

93.75

19.05%

JIA YAO HLDGS

01626

17.60

18.92%

JINHAI MED TECH

02225

3.35

18.79%

CAOCAO INC

02643

31.06

15.38%

MORIMATSU INTL

02155

10.69

15.19%

FIBOCOM

00638

11.41

14.56%

EASY SMART GP

02442

54.00

13.68%

Filter: Market cap>HKD10B

IV. Top 10 Losers in Hong Kong Market Today

Stock Name

Ticker

Price (HKD)

Daily Change

ASCLETIS-B

01672

11.80

-17.08%

MINIMAX-WP

00100

708.00

-15.71%

XUNCE

03317

197.10

-13.17%

KB LAMINATES

01888

47.44

-13.11%

DEEPZERO

02723

390.00

-12.36%

GENSCRIPT BIO

01548

12.18

-10.96%

DELTON

01989

165.20

-10.22%

ILUVATAR COREX

09903

450.20

-10.05%

YUNJI

02670

293.00

-9.74%

BIOCYTOGEN-B

02315

44.70

-9.55%

Filter: Market cap>HKD10B

V. Closing Summary

1. All three headline indices closed higher on Jun 1, with the HSI up 0.86%, the HSCEI up 0.97%, and the tech-heavy HSTECH leading with a 1.65% rise. Turnover of HK $330.94 billion signals firm interest across the board.

2. Large-cap technology names were a key driver. KINGDEE INT'L surged 19.39% after investors welcomed its cloud-software outlook. Consumer-internet leaders MEITUAN-W (+6.54%), LENOVO GROUP (+5.17%), and BILIBILI-W (+4.99%) added momentum, while chipmakers SMIC (–2.63%) and HUA HONG SEMI (–5.58%) underperformed.

3. Among individual movers, beauty-app firm MEITU (+26.15%) topped the gainers list, followed by leveraged exposure to Samsung Electronics and a sharp rally in HUAQIN (+19.05%). On the downside, biotech name ASCLETIS-B (–17.08%) and AI hardware play MINIMAX-WP (–15.71%) led losses, highlighting pockets of profit-taking in health-care and high-valuation AI segments.

4. Sector-wise, cyclical and digital-economy themes stood out. Paper Packaging (+12.72%) and Payment Processing (+9.71%) saw strong rotation, while Home Improvement Retail (–8.36%) and IT Consulting (–6.21%) lagged. No major new listings debuted today, but active trading in growth sectors indicates sustained interest in structural themes such as software, e-commerce and new-energy vehicles.

Sources: Public market data, summarized media reports

Disclaimer: This content is for reference only and does not constitute investment advice.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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