港股速报｜港股早盘小幅高开 快手涨超10%

Market Overview - The Hong Kong stock market opened slightly higher on January 5, with the Hang Seng Index at 26,361.44 points, up 22.97 points, a gain of 0.09% [2] - The Hang Seng Tech Index reached 5,755.28 points, increasing by 18.84 points, or 0.33% [4] Company Focus - Kuaishou-W (HK01024) saw a significant early morning rise, exceeding 10% [6] - From December 15 to 30, 2025, Kuaishou repurchased a total of 9.9627 million shares for a total amount of 643 million HKD, despite a cumulative drop of 4.37% during that period [7] - In the tech sector, Alibaba rose over 2%, and Bilibili increased by more than 3% [7] - New stock Wan'an Robotics (HK06600), listed on December 30, 2022, continued to attract investment, rising over 20% in early trading and more than 50% from its issue price [7] Sector Performance - Oil and gas equipment and services stocks opened higher, with Shandong Molong rising over 13% [7] - Gold stocks were active, with Zijin Mining International increasing by over 1% [7] - Power equipment stocks opened lower, with Goldwind Technology dropping over 6% [7] - Chinese brokerage stocks generally fell, with China Merchants Securities down over 1% [7] - China Aluminum rose over 6%, and new consumption stocks rebounded, with Pop Mart up over 2% and Chow Tai Fook up over 5% [7] Market Outlook - Huatai Securities believes that the current market sentiment and liquidity environment are better than in November, increasing the likelihood of successful investments in Hong Kong stocks [9] - The firm suggests continuing to allocate to technology chains with performance expectations, as liquidity may catalyze significant growth in the next quarter [9] - The report highlights that in 2026, stock selection will focus more on fundamentals, industry conditions, and profitability, particularly in the power chain and travel sectors [9] - GF Securities' Liu Chenming team is optimistic about the Hong Kong market's rebound, noting a shift from traditional economic cycles to hard technology sectors like AI applications and new energy [9]