Zhong Guo Ji Jin Bao·2026-01-20 11:49Market Overview - The Hong Kong stock market continued its adjustment trend, with the Hang Seng Index closing down 0.29% at 26,487.51 points, the Hang Seng Tech Index down 1.16% at 5,683.44 points, and the Hang Seng China Enterprises Index down 0.43% at 9,094.76 points [1] - The total market turnover for the day was HKD 2,377.7 billion, higher than the previous trading day's turnover of HKD 2,256.9 billion [1] Stock Performance - Among the constituent stocks of the Hang Seng Index, 44 stocks rose while 41 stocks fell. Notable declines included WuXi AppTec down 4.13%, BYD down 3.67%, and Sunny Optical Technology down 3.25% [3] - The top gainers included Pop Mart, which surged 9.07%, China Life up 4.31%, and China Resources Land up 3.71% [3] Notable Stocks - Pop Mart's stock price increased significantly due to a share buyback of HKD 2.51 billion and a bullish report from Morgan Stanley [6][7] - The stock closed at HKD 197.20, with a maximum increase of 10.40% during the day, and a total turnover of HKD 58.79 billion, ranking fourth among Hang Seng Index constituents [7] - Tencent Holdings had a turnover of HKD 146.38 billion, down 1.48%, while Alibaba's turnover was HKD 88.68 billion, down 0.44% [5] Industry Performance - The real estate and construction sector led the industry indices with a gain of 1.05%, followed by materials and consumer staples, both up 0.82%. In contrast, the information technology sector fell by 1.72%, healthcare by 0.78%, and energy by 0.57% [5] Company Announcements - Hengrui Medicine announced the approval of clinical trials for its new drug HRS-2141 for type 2 diabetes, marking a significant development in its product pipeline [14][15] - The drug is a fixed-dose combination formulation, and the company has invested approximately HKD 5.4 million in its development so far [18]