Hang Seng Nearly Flat; Alibaba Pressures
The Hang Seng Index (HSI) fell slightly to 26,438.51 in Hong Kong, after rising 0.2% the previous session. Movement remained limited, although regional sentiment remained positive.
Alibaba Group fell 0.7%, the largest contributor to the index's decline, while JD Health plunged 5.8%, the biggest decliner. Of the 88 stocks, 50 declined and 35 advanced; three of the four sectors declined, led by financials.
Performance-wise, the HSI is up 32% since the start of the year—heading for its best year since 2017. In the current quarter, the index is up 9.8%; in the past 52 weeks, it has surged 52% (MSCI AC Asia Pacific +21%). The HSI is at its 52-week peak and 53.9% above its September 16, 2024, low. In the 5-day period, it is up 1.9% and in the 30-day period, it is up 4.6%. In terms of valuation, HSI is trading at a trailing P/E of 12.7x and a forward P/E of 12.8x, with a 3% dividend yield (TTM). The combined market capitalization of its members reaches HK$32 trillion. 30-day volatility is stable at 16.53%, the same as the previous session and monthly averages. (ayu)
Source: Newsmaker.id
