HK Stock Market Move | New consumer concept stocks are generally rising, with CHICMAX (02145) and GUMING (01364) both up more than 7%.

New concept consumer stocks are generally rising. As of the time of reporting, CHICMAX (02145) rose by 7.43% to 101.2 Hong Kong dollars; GUMING (01364) rose by 7.33% to 26.08 Hong Kong dollars; MIXUE GROUP (02097) rose by 6.53% to 443.8 Hong Kong dollars; MNSO (09896) rose by 5.15% to 45.32 Hong Kong dollars; BLOKS (00325) rose by 4.99% to 107.4 Hong Kong dollars; LAOPU GOLD (06181) rose by 4.04% to 721 Hong Kong dollars. In terms of news, Guotai Haitong previously pointed out that the current external environment in China is facing greater disturbances, and the importance and necessity of boosting domestic consumption is becoming more prominent. Under policy support, the role of consumption in driving the economy is expected to strengthen. Although the new consumer sector in the Hong Kong stock market is slightly overheated in the short term, the macro trend of residents' consumption being more personalized and rational has not changed. The bank expects the trend of YOLO and cost-effective related consumption to continue to grow, such as trendy toys, beauty care, pets, and so on.