According to Cailian News on November 19 (Editor Hu Jiarong), the three major indices of the Hong Kong stock market continued to fluctuate. By the close, the hang seng index rose by 0.44%, closing at 19,663.67 points; the technology index rose by 1.23%, closing at 4,395.04 points; the hang seng china enterprises index rose by 0.36%, closing at 7,082.21 points.

Note: performance of Hang Seng Index.

From the above chart, the hang seng index maintained a fluctuating trend throughout the day, turning negative at one point in the afternoon.

It is noteworthy that the short sell ratio in the Hong Kong stock market slightly declined. By the close, the short sell ratios of the three major indices decreased to 20.21%, 17.85%, and 20.60%, respectively.

Today's Market

From the market performance, lithium battery, gold, consumer electronics, and brokerage stocks performed well.

Lithium battery stocks performed well, with ganfenglithium rising nearly 20%.

Among lithium battery stocks, Honbridge (08137.HK), Ganfenglithium (01772.HK), and Tianqi lithium corporation (09696.HK) rose by 19.64%, 13.28%, and 9.80% respectively.

Note: Performance of lithium battery stocks.

In terms of news, lithium carbonate futures continued their recent upward trend. As of the close, it rose by 3.96%, closing at 82,650 yuan.

Note: Trend of lithium carbonate futures

Furthermore, Haitong sec pointed out that the production suspension of lithium spodumene mines in Australia is one of the landmark events in industry supply clearance. The firm believes that with the current lithium prices, capital expenditures in the industry are scarce, and the reduction and suspension of high-cost lithium resource production capacity will continue. The outlook remains bullish for lithium and lithium salt prices to move out of the bottom amid the rising prosperity in the downstream electric vehicles and power battery industry.

International gold prices continue to strengthen, Chinagoldintl rose nearly 19%.

Among gold stocks, Chinagoldintl (02099.HK), Chi silver gp (00815.HK), and SD gold (01787.HK) rose by 12.91%, 9.50%, and 4.47% respectively.

Note: Performance of gold stocks

In recent news, Goldman Sachs stated that driven by purchases from major central banks and interest rate cuts in the USA, gold prices will rise to record levels next year. Goldman Sachs lists gold as one of the preferred csi commodity equity index trades for 2025, predicting that gold prices may continue to rise during Donald Trump's presidency. Goldman Sachs analyst Daan Struyven and others suggested 'buy gold' in their report and reaffirmed that by December 2025, gold prices will reach $3,000 per ounce.

As of the time of writing, Coemx gold rose by 0.33%, priced at $2823.3.

Note: The trend of Coemx gold.

The Huawei Mate70 has attracted market attention, with fih rising nearly 7%.

Among consumer electronics stocks, fih (02038.HK), BYD Electronics (00285.HK), and q tech (01478.HK) rose by 6.90%, 6.33%, and 4.24%, respectively.

Note: Performance of consumer electronics stocks.

In terms of news, Huawei’s official Weibo account officially announced that the Huawei Mate70 series will debut at the Mate brand ceremony held on November 26 at 14:30. Yesterday, the reservation for the Huawei Mate70 series officially started, and within just over an hour, the booking volume exceeded one million. tianfeng stated they are bullish on product innovation strongly driving the smartphone market and the related supply chain in the fourth quarter. Huafu Securities indicated that consumer electronics are at a turning point due to the arrival of an industry innovation cycle driven by AI and continuous catalyst from new products of major players.

Brokerage stocks mostly rebounded, with china merchants rising over 6%.

Among the brokerage stocks, China Merchants (06099.HK), SWHY (06806.HK), and CSC (06066.HK) increased by 6.33%, 2.43%, and 2.35% respectively.

Note: Performance of brokerage stocks

In a speech at the 10th anniversary summit forum of the interconnection at HKEX, Wu Qing, chairman of the China Securities Regulatory Commission, stated that the CSRC is accelerating the promotion of a new round of comprehensive deepening of capital market reform and opening up, and will introduce more pragmatic measures in terms of market opening and cross-border investment and financing facilitation.

Individual stocks are fluctuating.

[XPeng Motors rises over 3%, eVTOL pilot program to be launched in multiple cities]

XPeng Motors-W (09868.HK) rose 3.49%, closing at 51.95 HKD. In terms of news, the eVTOL pilot program will be launched in multiple cities, and XPeng's "land aircraft carrier" made its debut at the Zhuhai Airshow.

[JD Health rises nearly 3%, third-quarter profit exceeds market expectations]

JD Health (06618.HK) rose 2.69%, closing at 28.65 HKD. CICC released research reports stating that the company's third-quarter revenue met market expectations, while its profit during the same period exceeded market expectations. In addition, Nomura also raised the target price of JD Health from 25 HKD to 31 HKD.