Hang Seng Rises 0.2%, Supported by HSBC and JD.com Surge
The Hang Seng Index closed up 0.2% to 26,388.44 in Hong Kong on Wednesday (May 13), rebounding after a 0.2% decline in the previous session. The gains were moderate with limited breadth, reflecting uneven gains across the index's constituents.
HSBC Holdings was the largest contributor to the index's rise, rising 1.8%, while JD.com recorded the sharpest gain, surging 8.3%. Of the 90 stocks, 35 rose and 51 fell, while only two of the four sectors advanced, led by the commerce & industrials group.
Over the longer term, the Hang Seng is still posting a solid recovery, gaining 14% in the last 52 weeks, but remains 5.9% below its high on January 29, 2026, and 16.4% above its low on June 2, 2025. Short-term, the index is up 0.7% in the last five days and up 2.8% in the last 30 days, indicating a persistent uptrend despite a relatively subdued daily pace.
Valuation-wise, the Hang Seng is trading at a trailing P/E ratio of 13.7 and approximately 11.7 times estimated 12-month earnings, with a dividend yield of 2.9% (trailing 12 months). The total market capitalization of its constituents is approximately HK$31 trillion. Its 30-day volatility has remained relatively stable at 17.99% (from 18.00% in the previous session) and remains below the average of 22.81% over the past month, indicating more manageable price risk despite continued stock rotation within the index. (asd)
Source: Newsmaker.id
