Hang Seng Rises 1.7%, Sentiment Recovers After Correction
The Hang Seng Index rose 1.7% to 26,111.84 in Hong Kong, posting its biggest daily gain since April 16, after a 0.9% decline the previous day. This gain was supported by broad market gains, with 77 of 90 stocks closing higher and all sectors in the green.
Alibaba Group Holding was the largest contributor to the index's rise, with its shares rising 3.2%. China Overseas Land & Investment recorded the largest surge among its constituents, rising 8.9%. The commerce and industrial sector led the gains, signaling a shift toward more pro-cyclical interest during the session.
On a monthly basis, the Hang Seng has risen 5.3% and is up 4.6% in the past 30 days, while its movement in the past five days has been relatively flat. Over a 52-week period, the index has risen 19%, lagging behind the MSCI AC Asia Pacific Index, which rose 39% over the same period. It is currently 6.9% below its 52-week peak on January 29, 2026, and 19.5% above its low on April 30, 2025.
In terms of valuation, the Hang Seng is trading at a trailing P/E of 13.4 and approximately 11.5 times estimated forward one-year earnings, with a trailing 12-month dividend yield of approximately 3% and a total member market capitalization of approximately HK$30.4 trillion. Its 30-day volatility edged up to 23.26% from 23.12% in the previous session, a closely watched variable by market participants amid the renewed broadening of the rally. (asd)
Source: Newsmaker.id
