Market Overview
As of July 3, 2025, the Hang Seng Index closed at 24,069.94 points (-0.63%), while the Hang Seng Tech Index dipped 0.67% to 5,233.71. Key performers included:
Top Performers Analysis
1. Dmall Intelligence (02586.HK) | +23.6%
Core Business:
- Provides integrated retail cloud solutions (DmallOS, AIoT).
- 2024 financials: Revenue ¥1.9B, gross margin 41.3%; net loss ¥2.2B.
- Expanded client base to 591 with 114% net revenue retention.
Catalyst:
- Plans to apply for a Hong Kong stablecoin license, aligning with its Web3 strategy.
- Partnered with HashKey Group for digital asset trading and blockchain development.
👉 Explore Web3 retail innovations
2. Akeso Biopharma (09926.HK) | +14.3%
Key Developments:
- Phase Ia trial initiated for AK146D1 (Trop2/Nectin4 ADC), targeting advanced solid tumors.
- FDA, TGA, and NMPA approvals secured for global clinical trials.
- Two self-developed bispecific antibodies listed in China’s national医保目录 (reimbursement catalog).
Market Outlook:
- Boosted by new policies supporting innovative drugs (e.g., shared医保 data for R&D).
3. Guotai Junan International (01788.HK) | +11.6%
Strategic Move:
- Upgraded license to offer virtual asset trading (Bitcoin, Ethereum, USDT).
- First Chinese-backed firm to enter Hong Kong’s crypto market, unlocking万亿-level opportunities.
Daily Top 10 Gainers
| Stock (Code) | Market Cap (HKD B) | Daily Gain | YTD Performance |
|-------------------|--------------------|------------|-----------------|
| Dmall (02586.HK) | 10.02 | +23.6% | +71.4% |
| Akeso (09926.HK) | 95.24 | +14.3% | +74.8% |
| GTJA Int’l (01788.HK)| 36.74 | +11.6% | +250.9% |
👉 Stay updated on Hong Kong market trends
FAQ Section
Q1: Why is Dmall Intelligence pursuing a stablecoin license?
A: To expand into digital assets, leveraging its retail tech expertise and partnerships like HashKey.
Q2: What makes AK146D1 significant for Akeso?
A: It’s their first bispecific ADC drug, targeting hard-to-treat tumors with global trial approvals.
Q3: How does GTJA’s crypto license benefit investors?
A: Enables seamless access to Bitcoin/ETH trading, tapping into growing institutional demand.
Risk Disclosure: Investments carry risks. Past performance ≠ future results. Assess personal risk tolerance before investing.