HK Stock Market Move | Sportswear stocks lead gains as e-commerce promotions and an early Spring Festival overlap; institutions expect brands to still perform well in Q4.

Sportswear stocks led the gains. As of press time, TOPSPORTS (06110) rose 5.45% to HK$1.16; ANTA SPORTS (02020) rose 4.76% to HK$74.85; LI NING (02331) rose 4.14% to HK$13.83; 361 DEGREES (01361) rose 2.75% to HK$4.67. On the news front, ANTA recently released its operating data for the third quarter of 2026. During the period, the group maintained steady overall retail sales, supported by its mature multi-brand matrix and precise operating strategy. SPDBI believes that entering the fourth quarter, with Singles' Day and Double 12 set to catalyze consumption, combined with the continued high growth of its outdoor matrix and the marginal recovery of the main brand and FILA, ANTA's Q4 retail sales are expected to outperform Q3, and the full-year target remains achievable. Shenwan Hongyuan Group issued a research report stating that during the National Day holiday, both the ANTA main brand and the FILA brand resumed decent growth, and it is expected that in the fourth quarter, driven by major e-commerce promotions and the earlier Spring Festival, all brands will still perform well. GF SEC also stated that it recommends paying attention to leading companies in the sportswear retail industry such as ANTA SPORTS, LI NING, 361 Degrees, and XTEP INT'L. The sportswear and footwear industry has a large market space and is expected to maintain steady long-term growth; leading sportswear and footwear companies have strong competitiveness, and their market share is expected to continue rising.