Hang Seng Nearly Flat, JD.com Leads
The Hang Seng Index edged up to 26,545.10 in Hong Kong, a day after falling 1.4%. This near-flat movement indicates the market is still calculating after the previous sell-off.
Among its constituents, JD.com was the largest contributor to the gain with a 3.4% gain, while Sands China led the daily gain with a 6.2% gain. Broadly, 42 of 88 stocks rose and 44 fell; only one of four sectors rose, led by the commerce & industrials group.
Long-term performance remains solid: YTD +32% (potentially the best since 2017), quarterly +10%, and weekly +0.6%. Over the 52 weeks, the Hang Seng has gained 47%—outperforming the MSCI AC Asia Pacific's 19% gain. The index is now 1.9% below its 52-week peak (September 18, 2025) and 50.8% above its low (September 19, 2024).
Valuation-wise, the Hang Seng is trading at a trailing P/E of 12.8x and approximately 12.9x forward, with a dividend yield of 3%. Its members' total market capitalization is approximately HK$32 trillion. 30-day volatility was virtually unchanged at 17.48% (vs. 17.47% the previous day; monthly average 16.67%).
Key points:
The index edged up to 26,545.10; -1.4% the previous day.
JD.com was the top contributor, +3.4%; Sands China was the highest, +6.2%.
Market breadth was mixed: 42 up / 44 down; the commerce & industrial sector led the way.
YTD +32%, QTD +10%, 52-week +47%; P/E 12.8x, yield 3%. (ads)
Source: Newsmaker.id
