According to the Financial Association on November 19 (Editor Hu Jiarong), the three main indices of the Hong Kong stock market continued their fluctuating trend. By the close, the Hang Seng Index rose 0.44%, closing at 19663.67 points; the Technology Index rose 1.23%, closing at 4395.04 points; the China Enterprises Index rose 0.36%, closing at 7082.21 points.

Note: performance of Hang Seng Index.

As seen from the chart above, the Hang Seng Index maintained a fluctuating trend throughout the day, turning slightly negative in the afternoon.

It is worth noting that the short sell ratio in the Hong Kong stock market has slightly declined. By the close, the short sell ratios of the three main indices were down to 20.21%, 17.85%, and 20.60%, respectively.

Today's Market

In terms of market performance, lithium batteries, 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.

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

Note: Trend of lithium carbonate futures

Moreover, Haitong sec pointed out that the suspension of lithium spodumene production in Australia is one of the landmark events in the industry supply clearing. The firm believes that with the current low lithium prices, capital expenditure in the industry is scarce, and high-cost lithium resources will continue to see production cuts and suspensions. The outlook is bullish for lithium mines and lithium salt prices to emerge from the bottom against the backdrop of improving conditions in the downstream electric vehicles and power battery industries.

International gold prices continue to strengthen, with chinagoldintl rising 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 has increased by 0.33%, reported at $2823.3.

Note: The trend of Coemx gold.

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

Among the 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 news, Huawei's official microblog has announced that the Huawei Mate70 series will be unveiled at the Mate brand ceremony on November 26 at 14:30. Yesterday, the Huawei Mate70 series officially opened for pre-order, and in just over an hour, the reservations surpassed one million. tianfeng stated that it is bullish on the strong pull of product innovation driving the fourth quarter smart phone market and related supply chains. Huafu Securities remarked that the consumer electronics industry is at a turning point as the innovation cycle driven by AI and the new products from giants are continuously catalyzing.

Most brokerage stocks rebounded, with china merchants rising over 6%.

Among brokerage stocks, China Merchants (06099.HK), swhy (06806.HK), and csc (06066.HK) rose by 6.33%, 2.43%, and 2.35% respectively.

Note: Performance of brokerage stocks

In a speech at the 10th anniversary summit forum for the interconnection between the Hong Kong Stock Exchange, China Securities Regulatory Commission Chairman wu qing 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 openness and the facilitation of cross-border investment and financing.

Individual stocks are fluctuating.

[XPeng Motors rises over 3% eVTOL pilot projects will be launched in multiple cities]

XPeng Motors-W (09868.HK) is up 3.49%, closing at HKD 51.95. According to news reports, eVTOL pilot projects will launch in multiple cities, and XPeng's "land aircraft carrier" made its debut at the Zhuhai Airshow.

[JD Health rises nearly 3% third-quarter profits exceed market expectations]

JD Health (06618.HK) rose by 2.69%, closing at HKD 28.65. CICC published a research report indicating that the company's third-quarter revenue met market expectations, and the profit for the same period exceeded market expectations. Furthermore, Nomura International also raised JD Health's target price from HKD 25 to HKD 31.