Zhi Tong Cai Jing·2025-11-13 08:55Market Overview - The Hong Kong stock market opened lower but rallied in the afternoon, with the Hang Seng Index closing up 0.56% at 27,073.03 points and a total turnover of HKD 270.67 billion [1] - The Hang Seng Tech Index rose 0.8% to 5,981.3 points, indicating a positive sentiment in the tech sector [1] Blue-Chip Stocks Performance - Alibaba (09988) surged 3.32% to HKD 162, contributing 78.74 points to the Hang Seng Index, as it secretly launched the "Qianwen" project to develop an AI assistant [2] - China Biologic Products (01177) increased by 6.5% to HKD 7.37, while Hansoh Pharmaceutical (03692) rose 4.85% to HKD 38.5 [2] Sector Highlights - The lithium battery sector showed strong performance, with Longpan Technology (02465) soaring over 18% [3] - The innovative drug sector also performed well, with 3SBio (01530) up 10.18% and BeiGene (06160) up 7.71% [4] Gold Stocks - Gold stocks collectively rose, with China Gold International (02099) increasing by 7.6% to HKD 147.3, following a rise in spot gold prices above USD 4,200 per ounce [5][6] Paper Industry - The paper industry saw significant gains, with Nine Dragons Paper (02689) up 10.23% as price hikes in the sector continued [6] Oil Sector - Oil stocks faced pressure, with CNOOC (00883) down 2.01% and PetroChina (00857) down 1.21%, amid OPEC's report predicting a slight oversupply in the oil market by 2026 [7] Notable Stock Movements - Samsonite (01910) rose 14.39% despite a decline in sales revenue, while Fourth Paradigm (06682) increased by 9.16% due to strong growth in AI demand [8][9] - DCH Holdings (00179) fell 10.63% after reporting mixed earnings, leading to a negative market sentiment [10] - China Resources Mixc Lifestyle (01209) dropped 3.51% following a share placement announcement at a discount [11]