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<Research>CGS Expects HK Stock Mkt Trading Activity to Continue Rising w/ Focus on Tech & Consumption Sectors
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79
Positive
130
Negative
77
The HSI jumped up 2.01% last week (29 December 2025 to 2 January 2026), while the HSTECH leaped by 4.31%, China Galaxy Securities (CGS) released a research report saying. In terms of industry sectors, among primary industries, seven sectors inclined and four sectors fell last week.

Looking ahead, under the resonance of multiple positive factors, the trading activity of the Hong Kong equity market is expected to continue rising, with the overall market expected to fluctuate while rising, CGS added.

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In terms of allocation, investors are recommended to focus on 2 sectors, naming the technology and consumption sectors. The technology sector remains the main investment theme in the medium to long term, with multiple favorable factors such as industrial chain price hikes, M&A and domestic substitution, and is expected to fluctuate while rising.

The consumption sector is expected to continue benefiting from policy support, and current valuations are relatively low, with larger medium to long-term upside potential. Attention should be paid to the strength of policy implementation and improvement in consumption data.
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