Ge Long Hui·2025-12-04 08:39Market Overview - The Hong Kong stock market showed a rebound in sentiment, with the Hang Seng Technology Index rising by 1.45% to above 5600 points, while the Hang Seng Index increased by 0.68% to 25935 points, and the National Enterprises Index rose by 0.86% to 9106 points [1][2]. Sector Performance - Large technology stocks collectively rose, with notable gains from Xiaomi (over 4%) and Meituan (over 2%). The pharmaceutical sector saw a surge, with orders for flu treatment drugs increasing nearly ninefold, leading to strong performance in related stocks [2][4]. - The semiconductor sector was active, with companies like Cambrian aiming to triple chip production, and stocks such as Horizon Robotics and SMIC also showing significant gains [2][9]. - The biopharmaceutical sector experienced substantial growth, with WuXi AppTec rising over 9% and other related stocks also performing well due to increased demand for flu medications [6]. - The robotics sector was strong, with companies like Cloudwalk and Horizon Robotics seeing gains of over 7% [7]. - The entertainment sector showed positive movement, with Lemon Films rising over 5% amid a strong box office performance during the holiday season [11]. Individual Stock Movements - Notable individual stock performances included: - Horizon Robotics: +6.97% [5] - Xiaomi Group: +4.38% [5] - WuXi AppTec: +9.09% [6] - Cloudwalk: +8.67% [8] - Conversely, the restaurant sector faced declines, with Shanghai Xiaonan falling over 4% [13]. Capital Flows - Southbound funds recorded a net inflow of 1.48 billion HKD, with the Hong Kong Stock Connect (Shanghai) showing a net sell of 1 billion HKD and the Hong Kong Stock Connect (Shenzhen) showing a net buy of 2.481 billion HKD [19]. Future Outlook - Analysts predict that the Hong Kong stock market may experience fluctuations, with the Hang Seng Index expected to range between 23500 and 30500 points in 2026. Recommendations include buying on dips and focusing on sectors such as technology, high-end manufacturing, and renewable energy [21].