Zhi Tong Cai Jing·2026-01-22 09:05Market Overview - The Hong Kong stock market showed mixed performance, with the Hang Seng Index rising by 0.17% to close at 26,629.96 points, while the Hang Seng China Enterprises Index fell by 0.09% to 9,114.3 points, and the Hang Seng Tech Index increased by 0.28% to 5,762.44 points. The total trading volume was HKD 234.86 billion [1] Blue Chip Performance - Pop Mart (09992) led the blue-chip stocks, rising by 5.97% to HKD 206, contributing 13.8 points to the Hang Seng Index. The company has been in the spotlight due to its new product launch and share buybacks totaling nearly HKD 350 million [2] - Other notable blue-chip performers included Wharf Real Estate (01997) up 4.81%, Li Auto-W (02015) up 4.13%, while China Life (02628) fell by 3.82%, dragging the index down by 15.13 points [2] Sector Highlights - Large tech stocks had mixed results, with Baidu rising over 4% and Alibaba nearly 1%, while Tencent fell by 0.83%. The construction and cement sectors performed well, with China Liansu up over 8% and China National Building Material up nearly 7% [3] - Oil and gas stocks were active, with Shanghai Petrochemical (00338) up 3.45% and Sinopec (00386) up 3.41%. The International Energy Agency (IEA) raised its global oil demand growth forecast for 2026 to 930,000 barrels per day, up from a previous estimate of 860,000 barrels per day [3][4] Commercial Aerospace - The commercial aerospace sector saw renewed interest, with JunDa Co. (02865) rising nearly 16% and other related companies also showing significant gains. Reports indicate that Elon Musk is pushing for a SpaceX IPO, which could further stimulate the sector [4] Real Estate Sector - Hong Kong real estate stocks showed positive performance, with Wharf Real Estate (01997) and Sun Hung Kai Properties (00016) both rising significantly. Analysts predict a continued upward trend in property prices, although the growth rate may moderate due to resilient mortgage rates [5][6] Gold Stocks - Gold stocks experienced a decline, with Lingbao Gold (03330) down 3.16% and Zijin Mining (02899) down 2.3%. This drop is attributed to easing risk aversion, leading to a decrease in gold prices from historical highs [6] Notable Stock Movements - Minth Group (00425) saw a significant increase of 13.94% following a positive report from Citigroup, which initiated a 90-day upward catalyst observation [7] - ASMPT (00522) continued its upward trend, rising 6.29% as it evaluates options for its surface mount technology business [8] - Baidu (09888) was active, rising 4.1% after the release of its new AI model, which supports various forms of information processing [9] - Longqi Technology (09611) debuted with a 3.55% increase, raising approximately HKD 1.52 billion from its IPO [10] - Nanshan Aluminum (02610) faced a decline of 6.89% after announcing a share placement at a discount to its previous closing price [11]