Hang Seng Strengthens! Gains Supported by Chip Stocks
The Hang Seng Index closed up 0.2% to 25,978.07 on Friday (April 24) in Hong Kong, partially recovering a 0.9% decline in the previous session. Today's gains were supported by a relatively balanced stock movement, with 46 of its 90 constituents rising and 43 falling, while three of four sectors were in the green.
Semiconductor Manufacturing International Corp. (SMIC) was the largest contributor and recorded the most significant increase, surging 10.0%. Sectorally, the gains were led by the commerce and industry group, indicating primary support from stocks related to business and industrial activities.
Periodically, the Hang Seng still recorded a 4.8% gain for the month, but is down 0.7% so far this week. Over a 52-week horizon, the index is up 19%, lagging behind the MSCI AC Asia Pacific Index, which rose 40% over the same period. The Hang Seng is also still 7.4% below its 52-week high of January 29, 2026, but 19.6% above its low of April 24, 2025.
In terms of valuation and defensive nature, the Hang Seng is trading at a trailing P/E of 13.4x and 11.6x estimated forward 12-month earnings, with a dividend yield of 2.9% (last 12 months). The total market capitalization of its constituents is approximately HK$30.7 trillion, while 30-day volatility remains relatively stable at 23.22%, unchanged from the previous session and lower than the average for the past month of 25.01%—a parameter the market will continue to monitor amidst daily sentiment fluctuations. (asd)
Source: Newsmaker.id
