HKEX Reports January Average Daily Turnover of $272.3B; IPO Funds Increase 5.6 Times Year-Over-Year
Market Performance: HKEX reported an average daily turnover of $272.3 billion for January 2026, marking an 89% increase from $143.8 billion in January 2025.
IPO Activity: The IPO market saw 13 new listings in January 2026, a 63% increase from 8 in the same month last year, with funds raised totaling $39.3 billion, up 555% from $6 billion.
Total Funds Raised: Overall, total funds raised in January 2026 reached $53.1 billion, a significant increase of 318% compared to $12.7 billion in January 2025.
Short Selling Data: As of February 5, 2026, short selling amounted to $470.19 million, with a ratio of 15.825%.
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HSI Drops 325 Points or 1.2% as AIA Declines Over 5%; NIO-SW Rises Approximately 7%
Market Performance: The HSI fell 325 points (1.2%) to close at 26,559, with the HSCEI and HSTECH also experiencing declines of 0.7% and 1.1%, respectively, amid a total market turnover of $247.865 billion.
Financial Sector Decline: Major financial stocks like HSBC and AIA saw significant drops of 2.7% and 5.5%, respectively, with short selling ratios indicating increased bearish sentiment.
Volatile Commodities Market: The commodities sector faced volatility, with stocks like CHI SILVER GP and MMG declining over 3%, while jewelry stock LAOPU GOLD also lost 2.32%.
Automakers' Gains: In contrast, automakers such as BYD and NIO saw gains, with NIO rising 6.9% after announcing its first profit, while battery stock CATL increased by 1.8%.
<Full-day Summary> HSI Falls 325 Points; HSTI Declines 59 Points; AIA Drops More Than 5%; ZTO EXPRESS-W, BOC HONG KONG, SHK PPT, REALORD GROUP, SANY INT'L Reach New Peaks; Market Turnover Increases
Market Performance: The Hang Seng Index (HSI) fell by 325 points (1.2%) to 26,559, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines, with market turnover reaching $247.87 billion.
Active Heavyweights: Major stocks like Alibaba, Meituan, and Tencent saw significant drops, with Alibaba closing down 2.9% at $155, while Xiaomi and CCB managed slight gains.
Notable Movers: AIA experienced a sharp decline of 5.5%, while Li Auto and Mengniu Dairy saw increases of 3.6% and 3%, respectively, with several stocks hitting new highs.
Short Selling Trends: High short selling ratios were noted for several companies, including Ping An and CCB, indicating increased market speculation and potential bearish sentiment.
G Sachs' Recommended Buy List for H Shares According to ERLI (Table)
Goldman Sachs Buy Stocks: Goldman Sachs released a list of Buy stocks in Hong Kong based on the Earnings Revision Leading Indicator (ERLI), including notable companies like AIA, Xiaomi, and HKEX.
Stock Performance: The report highlighted various stocks with their respective short selling data, showing significant short selling ratios for companies like Ping An and JD Logistics.
Market Reactions: AIA received positive outlook from Haitong International, which raised its target price, indicating optimism about its growth prospects for 2026/2027.
Short Selling Trends: The report detailed short selling activities across multiple stocks, with varying ratios indicating market sentiment and potential investor strategies.
HSI Drops 304 Points at Midday; AIA Plummets Nearly 5% Amid Weak Financials
Market Performance: The HSI fell 304 points (1.1%) to 26,580, with the HSCEI and HSTECH also experiencing declines, while total market turnover reached HKD139.462 billion.
Financial Stocks Decline: Major financial stocks like HSBC, AIA, and Standard Chartered saw significant drops, with short selling ratios indicating increased market pressure.
Tech Stocks Movement: Tech stocks such as Meituan, Tencent, and Alibaba faced losses, while some companies like Bilibili and Kuaishou also reported declines in their stock prices.
Carmakers Rally: In contrast to the overall market, car manufacturers like Geely, BYD, and NIO experienced gains, with notable increases in their stock prices amidst the downturn.
<Midday Update> HSI Declines by 304 Points; HSTI Falls by 25 Points; LI AUTO Rises Over 5%; REALORD GROUP, ND PAPER, SANY INT'L, BOC AVIATION, BJ ENT WATER Reach New Peaks
Market Performance: The Hang Seng Index (HSI) fell by 304 points (1.1%) to 26,580, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines.
Active Heavyweights: Major stocks like Alibaba, Meituan, and Ping An saw significant drops, with Alibaba closing down 2.6% and Meituan down 1.9%, while Xiaomi was an exception, rising by 1.5%.
Notable Movers: LI Auto surged by 5.3%, while AIA and HSBC Holdings dropped by 4.9% and 3.3%, respectively, indicating mixed performance among HSI and HSCEI constituents.
High Performers and Decliners: In the HSMI and HSSI, INNOCARE rose by 11.1%, while MIRXES-B fell by 10.4%, showcasing a diverse range of stock movements within the market.
Major Financial Stocks Plummet: AIA Drops 5.5% Below 10-Day and 20-Day Moving Averages, HSBC Holdings Falls Over 3%
Market Performance: Major financial stocks experienced declines, with AIA dropping 4.86% to HKD84.1, while HSBC fell 3.39% to HKD133.8 amid rising short-selling ratios.
Short Selling Data: AIA had a short-selling volume of $764.68M and a ratio of 30.677%, while HSBC's short-selling volume was $738.89M with a ratio of 35.568%.
Other Financial Stocks: HKEX and Standard Chartered also saw declines, with HKEX down 1.59% to HKD407.8 and Standard Chartered down 2.78% to HKD195.6.
Market Outlook: Despite the downturn, Haitong International remains optimistic about AIA's growth prospects for 2026/2027, raising its target price to $108.5.
HSI Drops 325 Points or 1.2% as AIA Declines Over 5%; NIO-SW Rises Approximately 7%
Market Performance: The HSI fell 325 points (1.2%) to close at 26,559, with the HSCEI and HSTECH also experiencing declines of 0.7% and 1.1%, respectively, amid a total market turnover of $247.865 billion.
Financial Sector Decline: Major financial stocks like HSBC and AIA saw significant drops of 2.7% and 5.5%, respectively, with short selling ratios indicating increased bearish sentiment.
Volatile Commodities Market: The commodities sector faced volatility, with stocks like CHI SILVER GP and MMG declining over 3%, while jewelry stock LAOPU GOLD also lost 2.32%.
Automakers' Gains: In contrast, automakers such as BYD and NIO saw gains, with NIO rising 6.9% after announcing its first profit, while battery stock CATL increased by 1.8%.
<Full-day Summary> HSI Falls 325 Points; HSTI Declines 59 Points; AIA Drops More Than 5%; ZTO EXPRESS-W, BOC HONG KONG, SHK PPT, REALORD GROUP, SANY INT'L Reach New Peaks; Market Turnover Increases
Market Performance: The Hang Seng Index (HSI) fell by 325 points (1.2%) to 26,559, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines, with market turnover reaching $247.87 billion.
Active Heavyweights: Major stocks like Alibaba, Meituan, and Tencent saw significant drops, with Alibaba closing down 2.9% at $155, while Xiaomi and CCB managed slight gains.
Notable Movers: AIA experienced a sharp decline of 5.5%, while Li Auto and Mengniu Dairy saw increases of 3.6% and 3%, respectively, with several stocks hitting new highs.
Short Selling Trends: High short selling ratios were noted for several companies, including Ping An and CCB, indicating increased market speculation and potential bearish sentiment.
G Sachs' Recommended Buy List for H Shares According to ERLI (Table)
Goldman Sachs Buy Stocks: Goldman Sachs released a list of Buy stocks in Hong Kong based on the Earnings Revision Leading Indicator (ERLI), including notable companies like AIA, Xiaomi, and HKEX.
Stock Performance: The report highlighted various stocks with their respective short selling data, showing significant short selling ratios for companies like Ping An and JD Logistics.
Market Reactions: AIA received positive outlook from Haitong International, which raised its target price, indicating optimism about its growth prospects for 2026/2027.
Short Selling Trends: The report detailed short selling activities across multiple stocks, with varying ratios indicating market sentiment and potential investor strategies.
HSI Drops 304 Points at Midday; AIA Plummets Nearly 5% Amid Weak Financials
Market Performance: The HSI fell 304 points (1.1%) to 26,580, with the HSCEI and HSTECH also experiencing declines, while total market turnover reached HKD139.462 billion.
Financial Stocks Decline: Major financial stocks like HSBC, AIA, and Standard Chartered saw significant drops, with short selling ratios indicating increased market pressure.
Tech Stocks Movement: Tech stocks such as Meituan, Tencent, and Alibaba faced losses, while some companies like Bilibili and Kuaishou also reported declines in their stock prices.
Carmakers Rally: In contrast to the overall market, car manufacturers like Geely, BYD, and NIO experienced gains, with notable increases in their stock prices amidst the downturn.
<Midday Update> HSI Declines by 304 Points; HSTI Falls by 25 Points; LI AUTO Rises Over 5%; REALORD GROUP, ND PAPER, SANY INT'L, BOC AVIATION, BJ ENT WATER Reach New Peaks
Market Performance: The Hang Seng Index (HSI) fell by 304 points (1.1%) to 26,580, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines.
Active Heavyweights: Major stocks like Alibaba, Meituan, and Ping An saw significant drops, with Alibaba closing down 2.6% and Meituan down 1.9%, while Xiaomi was an exception, rising by 1.5%.
Notable Movers: LI Auto surged by 5.3%, while AIA and HSBC Holdings dropped by 4.9% and 3.3%, respectively, indicating mixed performance among HSI and HSCEI constituents.
High Performers and Decliners: In the HSMI and HSSI, INNOCARE rose by 11.1%, while MIRXES-B fell by 10.4%, showcasing a diverse range of stock movements within the market.
Major Financial Stocks Plummet: AIA Drops 5.5% Below 10-Day and 20-Day Moving Averages, HSBC Holdings Falls Over 3%
Market Performance: Major financial stocks experienced declines, with AIA dropping 4.86% to HKD84.1, while HSBC fell 3.39% to HKD133.8 amid rising short-selling ratios.
Short Selling Data: AIA had a short-selling volume of $764.68M and a ratio of 30.677%, while HSBC's short-selling volume was $738.89M with a ratio of 35.568%.
Other Financial Stocks: HKEX and Standard Chartered also saw declines, with HKEX down 1.59% to HKD407.8 and Standard Chartered down 2.78% to HKD195.6.
Market Outlook: Despite the downturn, Haitong International remains optimistic about AIA's growth prospects for 2026/2027, raising its target price to $108.5.
