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HK Close | Tencent-Led Tech Rebound Lifts HSI Modestly. MONTAGE TECH Soars 8%; Alibaba Gains 2%; MiniMax Drops Nearly 4%; Z.AI Sinks over 6%

Tiger Newspress09-22 16:25

I. Market Overview

The Hong Kong market ended Sep 22 with a cautiously positive tone. The Hang Seng Index (HSI) closed at 25,087.75, up 0.18% ( +45.04 points ), while the Hang Seng China Enterprises Index (HSCEI) finished at 8,362.60, up 0.28% ( +22.97 points ). Tech names provided support: the Hang Seng Tech Index (HSTECH) settled at 4,438.21, gaining 0.34% ( +14.92 points ). Early strength in heavyweight Internet stocks offset profit taking in parts of the energy, materials and property complexes.

Total market turnover reached HK $249.21 billion, reflecting active participation as investors reacted to intraday headlines on artificial-intelligence initiatives and mixed commodity price signals.

II. Sector Performance

Large-cap Tech Stocks

Performance was mixed, but leadership from TENCENT (+5.02% to HK$451.60) and TME-SW (+5.56% to HK$32.28) outweighed declines in MINIMAX-W (-3.89%) and Z.AI (-6.55%); BABA-W (+1.95% to HK$114.80) rose after unveiling a new AI chip and large-scale model plan (Reuters).

Top Performing Sectors

  • Forest Products (+17.28%)

  • Security & Alarm Services (+8.87%)

  • Textiles (+4.63%)

Bottom Performing Sectors

  • Homebuilding (-33.49%)

  • Household Products (-7.27%)

  • Metal & Glass Containers (-4.96%)

III. Top 10 Gainers in Hong Kong Market Today

Stock Name

Ticker

Price (HKD)

Daily Change

CENTRAL NEW EGY

01735

9.29

10.40%

ROKAE ROBOTICS

03752

52.65

9.82%

HAIZHI TECH GP

02706

46.50

9.15%

STAR SHINE HLDG

01440

22.28

9.11%

CONANT OPTICAL

02276

47.90

9.06%

LYGEND RESOURCE

02245

18.60

8.58%

MONTAGE TECH

06809

309.60

8.10%

GON TECHNOLOGY

02768

46.78

7.99%

DELTON

01989

131.50

6.91%

BAIGE DIGITAL

02672

55.20

6.87%

Filter: Market cap>HKD10B

IV. Top 10 Losers in Hong Kong Market Today

Stock Name

Ticker

Price (HKD)

Daily Change

ZHIHUI MINING

02546

21.24

-11.50%

BLUE MOON GROUP

06993

2.61

-8.74%

PATEO

02889

82.50

-6.67%

GPIXEL

03277

77.70

-6.61%

Z.AI

02513

742.00

-6.55%

COSCO SHIP ENGY

01138

19.24

-6.42%

TS LINES

02510

13.79

-6.06%

LINGBAO GOLD

03330

21.88

-5.77%

DAJIN

01081

29.82

-5.69%

LEADS BIOLABS-B

09887

54.15

-5.41%

Filter: Market cap>HKD10B

V. Closing Summary

1. Hong Kong equities concluded the session with modest gains. The HSI (+0.18%) and HSCEI (+0.28%) nudged higher, buoyed by selective strength in technology heavyweights. The HSTECH (+0.34%) outperformed the broader market, reflecting cautious optimism toward growth themes. Turnover of HK $249.21 billion indicates sustained investor engagement despite sector-specific volatility.

2. Large-cap Internet and platform names provided the primary lift. Tencent’s 5.02% rise to HK$451.60 followed intraday reports of a >7% surge (Tiger Newspress). Alibaba (+1.95% to HK$114.80) drew attention after Reuters highlighted its plan for a multitrillion-parameter AI model and the launch of the Zhenwu V900 chip, reinforcing the group’s technological ambitions. Mixed performances from Xiaomi (-1.38%) and Meituan (-1.08%) tempered overall tech index advances.

3. Among mid-cap movers, semiconductor designer MONTAGE TECH (+8.10%) and robotics specialist ROKAE ROBOTICS (+9.82%) attracted strong buying, mirroring global AI enthusiasm. On the downside, shipping-related names such as COSCO SHIP ENGY (-6.42%) and TS LINES (-6.06%) faced pressure amid softer freight sentiment, while high-valuation AI play Z.AI (-6.55%) retreated after recent volatility.

4. Sector rotation was pronounced: Forest Products (+17.28%), Security & Alarm Services (+8.87%), and Textiles (+4.63%) led advances, indicating interest in niche growth stories. Conversely, Homebuilding (-33.49%) and Household Products (-7.27%) lagged, reflecting caution toward rate-sensitive and consumer-staple pockets. No major IPOs debuted today, though attention stayed on Alibaba’s AI hardware roadmap and the broader implications for Hong Kong-listed tech ecosystems.

Sources: Public market data; Reuters, Dow Jones, MT Newswires, Tiger Newspress reports dated Sep 22

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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