Stock Performance Overview: Various Hong Kong stocks showed mixed performance, with ZIJIN GOLD INTL and MINIMAX-WP experiencing significant gains, while others like GUMING and CHERY AUTO faced declines.

Short Selling Data: Short selling activity varied across stocks, with FWD showing a high short selling ratio of 16.999%, while NANSHAN AL INTL had a notably low ratio of 0.135%.

Market Capitalization Insights: The market capitalization at the end of the lock-up periods for these stocks ranges from 21.4 billion to 406.6 billion, indicating varying levels of investor interest and company valuations.

Future Lock-up Dates: Key lock-up expiration dates for these stocks are set between early 2026 and late 2026, which may impact trading strategies and stock performance as these dates approach.

Stock Performance: NANSHAN AL INTL (02610.HK) experienced a decline of 4.21%, with short selling amounting to $19.03 million and a ratio of 10.367%.

Share Placement Announcement: The company announced a top-up placement of 31 million shares at HKD64.5 each, representing a 6.39% discount to the previous closing price, aiming to raise approximately HKD1.987 billion.

Investment Criteria: CICC's report advises investors to focus on aluminum stocks with overseas expansion capabilities and strong growth potential.

Recommended Stocks: Key stocks highlighted include NANSHAN AL INTL, CHINAHONGQIAO, CHALCO, TIANSHAN ALUMINUM, and HUATONG WIRES AND CABLES, with varying short selling ratios.

Aluminum Price Outlook: Citi has raised its three-month aluminum price target to USD 3,400 per ton, anticipating continued price increases due to a widening supply-demand gap.

Profit Expectations: As aluminum prices rise and costs remain low, the profit per ton of aluminum is expected to increase further.

Market Performance: The Hang Seng Index (HSI) fell by 272 points (1.0%) to 26,438, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines of 1.7% and 1.1%, respectively.

Active Heavyweights: Major stocks like Alibaba, Meituan, Tencent, and Xiaomi saw significant drops, with Alibaba down 4% and Tencent down nearly 2%, amidst high short selling ratios.

Gainers in the Market: Wuxi Apptec and Chinahongqiao were among the notable gainers, with Wuxi Apptec rising 3.97% and Chinahongqiao hitting a new high with a 3.8% increase.

Notable Movers: Nanshan Al Intl and TYK Medicines-B experienced substantial gains, with Nanshan Al Intl up 14.5% and TYK Medicines-B up 11.1%, both reaching new highs.

Market Performance: The HSI rose by 111 points (0.4%) to close at 25,801, while the HSCEI and HSTECH also saw gains, with trading activity slowing ahead of a long holiday, resulting in a turnover of $169.777 billion.

Resource and Aluminum Stocks: Resource stocks like Jiangxi Copper and Zijin Mining experienced significant increases, while aluminum stocks also saw modest gains, reflecting a positive trend in these sectors.

Consumer Stocks Surge: New consumer stocks such as Mixue Group and Laopu Gold reported substantial increases, with Mixue Group expanding internationally by opening a store in Hollywood, Los Angeles.

Hainan-Concept Stocks Activity: CTG Duty-Free saw a remarkable rise of 15.77%, indicating strong interest in Hainan-concept stocks, with significant turnover reported.