Week Ending: 28 August 2026

Hong Kong HK Sector

Basic Materials

For the week ending 28 August 2026, Basic Materials advanced 0.61% with 76 advancing, 71 declining, and 18 unchanged constituents. The index is equal weighted and built from country-listed equities.

Current architecture Unresolved

The Activity Lines, Trend Line and price acceptance remain genuinely mixed.

48 technical evidence

Index1268.77 1 week0.61% Breadth46% Members165

Industry

Country 🇭🇰 Hong Kong · HK

Universe country-listed

Price basis Adjusted weekly close

Trend architecture

Index, activity fan and structural anchors

Rolling 156-week evidence. Trend Signal points mark weeks when price, trend and the activity fan confirmed together.

Index Value Trend Line Fair Value Activity Lines Constructive architecture Transitional architecture Defensive architecture

Current architecture Unresolved 4 completed weeks in this state

Trend acceptance -3.4% Index versus Trend Line

Persistence 25% Positive regime, shorter trend weakening

Participation 46% 76 advancing, 71 declining

Investor positioning lens

Is the evidence ready for capital?

A rules-based technical classification using trend, breadth, persistence, relative strength and path quality.

Current posture Hold and wait for confirmation

The evidence is balanced enough to avoid a defensive call, but not aligned enough for aggressive positioning.

48 technical evidence
out of 100

Evidence balance

Five-pillar map

Wait

Trend

Breadth

Persistence

Relative

Risk quality

What supports the view

Relative performance is improving within its parent hierarchy.

What restrains conviction

Index trend architecture has not delivered a durable upward expansion.
Breadth remains too narrow or inconsistent for a high-conviction position.
Constituent persistence remains divided or predominantly negative.
Stage 4 declining constituents exceed Stage 2 advancing constituents by 45 percentage points.

Independent sentiment overlay Sentiment held separate

Qualified news coverage is too thin to alter the technical positioning view.

Evidence that would change the view

A completed weekly reclaim of 1,313.10, the higher of Trend Line and Fair Value, would improve the structural case.
Breadth holding above 55% for several completed weeks would show that repair is spreading.
Positive 13 and 26-week relative performance would confirm that capital is rotating into the group.

This is a weekly research classification, not personal investment advice. Sentiment is reported as an independent confirmation layer and does not alter the technical score.

Trend state and durability

Architecture, persistence and constituent regimes

The index path is tested against the underlying security-level trend evidence.

Index architecture Unresolved

The Activity Lines, Trend Line and price acceptance remain genuinely mixed.

State age4 weeks

Trend gateDown

Fan width3.28%

Fast versus slow change5.91 pts

Above 17% Below 0%

Six completed weeks of price acceptance relative to the full Activity Line fan.

Index persistence

Positive regime, shorter trend weakening

25% agreement

The long trend remains positive, but the 13-week horizon has turned against it.

13-week

-0.7%

26-week

-15.7%

39-week

-1.9%

52-week

4.3%

Regime age65 weeks 52-week flips0 52-week boundary1216.68

Constituent trend persistence

Is the index move broadly durable?

96% coverage

44%positive

Coherent positive11%

Coherent negative38%

Average horizon agreement82%

Positive horizon share36%

Weakening positives23

Repairing negatives11

158 constituents measured as of 28 Aug 2026. Median trend age is 14 weeks.

Custom stage map

Where constituents sit in the cycle

93% coverage

61%Stage 4

Stage 1 · Basing13%20 securities

Stage 2 · Advancing16%24 securities

Stage 3 · Distribution10%15 securities

Stage 4 · Declining61%94 securities

Re-acceleration watch2 Transition watch10 Relative strength leaders22% Fair Value repairs7

Measured as of 28 Aug 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.

Architecture breadth

How market energy is distributed

76/100 mean confidence

Upward expansion

8% 13

Rotation up

14% 22

Deceleration

5% 8

Balance

11% 17

Rotation down

3% 4

Downward expansion

58% 89

Unresolved

0% 0

Architecture breadth shows the distribution of expanding, rotating, balancing and contracting securities. It is diagnostic context and is not added as a second vote in the positioning score.

Capital rotation

Performance relative to HK Market Structure

Improving

Relative index 13-week relative trend Starting level

Rotation dashboard Improving

A rising relative line means this group is compounding faster than HK Market Structure. A falling line means capital has done better in the parent benchmark.

Relative index135.6

13-week trend129.5

4-week trend change0.71%

Weekly peer rank2 of 11

1 week

0.7 pts relative

4 weeks

4.9 pts relative

13 weeks

4.9 pts relative

26 weeks

-2.4 pts relative

52 weeks

15.1 pts relative

Market internals

Participation, dispersion and path risk

Equal-weight index evidence with constituent-level breadth and dispersion.

Breadth

Participation quality

Balanced

46% advanced

Advancing: 76
Declining: 71
Unchanged: 18

4-week average 48%

13-week average 41%

Risk and persistence

Path quality

52-week lens

Annualised weekly volatility17.0%

Drawdown from 52-week high-15.7%

Positive weeks, last 1338%

Current directional run2 weeks

Turnover versus 13-week norm177%

Breadth impulse5.2 pts

Cross-section

Return distribution

165 measured

Q1 -2.5% Median 0.0% Q3 2.9%

Average winner6.7%

Average loser-4.7%

Dispersion9.1 pts

Top-five upside share37%

Top-five capital share55%

Capital data coverage100%

Dispersion describes how far constituent outcomes are spreading apart. Capital concentration is contextual only; the index itself is equal weighted.

Momentum cycle

30-week persistence

Positive readings show expansion. Negative readings show contraction.

Breadth cycle

Net participation

Advancers less decliners as a percentage of measured constituents.

Industry map

Where sector leadership is forming

Performance, breadth and trend acceptance across every qualified industry.

8/12 positive

Above Trend Line4/1233% of industries

Constructive breadth4/12At least half advancing

Median industry0.22%1.85 pts dispersion

#1 Advancing

News and narrative

Does company news confirm the market tape?

Open Sentiment Intelligence

Sentiment evidence is still developing

Qualified company-level news coverage is not yet broad enough to influence the group view.

1 qualified records across 165 measured constituents.

Leadership tape

Leaders, laggards and contribution shape

Latest completed week, ranked on uncapped constituent returns.

Leading edge

1 8139Zhejiang Chang'an Renheng Technology Co., Ltd.

58.88% 2 6890KangLi International Holdings Limited

51.38% 3 2450Huaibei GreenGold Industry Investment Co., Ltd.

41.52% 4 0691China Shanshui Cement Group Limited

21.15% 5 2459Sanergy Group Limited

18.57%

Weakest edge

165 0159Brockman Mining Limited

-16.95% 164 1822China Wood International Holding Co., Limited

-15.15% 163 3636Yunnan Jinxun Resources Co Ltd

-13.75% 162 1000Beijing Media Corporation Limited

-13.46% 161 1943King's Stone Holdings Group Limited

-13.27%

Constituent ledger

Sector constituents

Top 100 of 165 shown, ranked by latest weekly return.

Rank Ticker Company Exchange Market cap Close Index contribution Return

1 8139 Zhejiang Chang'an Renheng Technology Co., Ltd. HKG 46.85M 1.70 0.15 pts

58.88%

2 6890 KangLi International Holdings Limited HKG 497.13M 0.825 0.15 pts

51.38%

3 2450 Huaibei GreenGold Industry Investment Co., Ltd. HKG 3.83B 13.31 0.15 pts

41.52%

4 0691 China Shanshui Cement Group Limited HKG 1.26B 0.315 0.13 pts

21.15%

5 2459 Sanergy Group Limited HKG 146.32M 0.83 0.11 pts

18.57%

6 8191 Hong Wei (Asia) Holdings Company Limited HKG 52.75M 0.155 0.11 pts

17.42%

7 1069 China Health Technology Group Holding Company Limited HKG 46.13M 0.30 0.09 pts

15.38%

8 1258 China Nonferrous Mining Corporation Limited HKG 64.93B 17.49 0.09 pts

14.09%

9 0505 Xingye Alloy Materials Group Limited HKG 849.81M 1.02 0.08 pts

13.33%

10 0661 China Daye Non-Ferrous Metals Mining Limited HKG 2.92B 0.167 0.08 pts

12.84%

11 2233 West China Cement Limited HKG 10.54B 2.06 0.07 pts

11.35%

12 9936 Ximei Resources Holding Limited HKG 5.76B 16.00 0.07 pts

11.11%

13 0166 New Times Corporation Limited HKG 279.74M 0.033 0.06 pts

10.00%

14 2798 Perennial Energy Holdings Limited HKG 1.40B 0.86 0.06 pts

9.55%

15 0340 Tongguan Gold Group Limited HKG 17.71B 3.65 0.06 pts

9.28%

16 1986 Tsaker New Energy Tech Co., Limited HKG 952.98M 1.01 0.06 pts

9.19%

17 1323 Huasheng International Holding Limited HKG 183.17M 0.196 0.05 pts

8.29%

18 0826 Tiangong International Company Limited HKG 8.22B 3.04 0.05 pts

7.98%

19 2439 China Treasures New Materials Group Ltd. HKG 330.00M 0.28 0.05 pts

7.69%

20 3939 Wanguo Gold Group Limited HKG 64.29B 15.60 0.04 pts

7.36%

21 6745 BEFAR GROUP HKG 8.11B 3.30 0.04 pts

6.98%

22 2788 Chuangxin Industries Holdings Limited HKG 34.63B 17.59 0.04 pts

6.67%

23 8186 Honor Matrix Holdings Limited HKG 122.41M 1.10 0.04 pts

6.28%

24 0297 Sinofert Holdings Limited HKG 9.62B 1.36 0.04 pts

6.25%

25 0723 Reliance Global Holdings Limited HKG 263.62M 0.265 0.04 pts

6.00%

26 0347 Angang Steel Company Limited HKG 11.15B 1.22 0.03 pts

5.63%

27 1370 Aowei Holding Limited HKG 268.19M 0.158 0.03 pts

5.33%

28 8481 Shenglong Splendecor International Limited HKG 162.07M 0.505 0.03 pts

5.21%

29 2009 BBMG Corporation HKG 6.51B 0.615 0.03 pts

5.13%

30 0358 Jiangxi Copper Company Limited HKG 130.68B 39.32 0.03 pts

5.02%

31 0660 Wai Chun Bio-Technology Limited HKG 142.19M 0.42 0.03 pts

5.00%

32 2099 China Gold International Resources Corp. Ltd. HKG 101.16B 273.40 0.03 pts

4.83%

33 8299 GT Gold Holdings Limited HKG 2.96B 0.33 0.03 pts

4.76%

34 0103 Shougang Century Holdings Limited HKG 1.04B 1.90 0.03 pts

4.40%

35 2600 Aluminum Corporation of China Limited HKG 155.39B 8.76 0.03 pts

4.35%

36 3993 CMOC Group Limited HKG 338.03B 17.69 0.02 pts

4.06%

37 3833 Xinjiang Xinxin Mining Industry Co., Ltd. HKG 4.32B 2.06 0.02 pts

3.51%

38 2198 China Sanjiang Fine Chemicals Company Limited HKG 4.38B 3.92 0.02 pts

3.29%

39 0975 Mongolian Mining Corporation HKG 10.38B 10.83 0.02 pts

3.14%

40 1907 China Risun Group Limited HKG 8.63B 2.04 0.02 pts

3.02%

41 1932 CPM Group Limited HKG 136.00M 0.14 0.02 pts

2.94%

42 2112 Grace Life-tech Holdings Limited HKG 49.50M 0.036 0.02 pts

2.86%

43 0189 Dongyue Group Limited HKG 23.41B 13.89 0.02 pts

2.74%

44 2560 Anhui Conch Material Technology Co., Ltd. HKG 829.25M 1.51 0.02 pts

2.72%

45 1866 China XLX Fertiliser Ltd. HKG 14.62B 10.57 0.02 pts

2.52%

46 8028 Timeless Resources Holdings Limited HKG 80.95M 0.165 0.02 pts

2.48%

47 0609 Tiande Chemical Holdings Limited HKG 913.55M 1.05 0.01 pts

2.44%

48 1412 Q P Group Holdings Limited HKG 553.28M 1.08 0.01 pts

2.36%

49 2579 CNGR Advanced Material Co., Ltd. HKG 27.53B 26.38 0.01 pts

2.17%

50 6128 Graphex Group Limited HKG 49.89M 0.053 0.01 pts

1.92%

51 1208 MMG Limited HKG 121.33B 9.50 0.01 pts

1.88%

52 0914 Anhui Conch Cement Company Limited HKG 88.87B 17.80 0.01 pts

1.83%

53 1772 Ganfeng Lithium Group Co., Ltd. HKG 84.87B 41.34 0.01 pts

1.82%

54 0301 SANVO Fine Chemicals Group Limited HKG 3.22B 6.80 0.01 pts

1.80%

55 8140 BOSA Technology Holdings Limited HKG 96.00M 0.123 0.01 pts

1.65%

56 2259 Zijin Gold International Company Limited HKG 404.93B 161.20 0.01 pts

1.52%

57 9893 Pizu Group Holdings Limited HKG 5.87B 1.68 0.01 pts

1.52%

58 0323 Maanshan Iron & Steel Company Limited HKG 13.36B 1.74 0.01 pts

1.46%

59 3363 Zhengye International Holdings Company Limited HKG 182.50M 0.365 0.01 pts

1.39%

60 2689 Nine Dragons Paper (Holdings) Limited HKG 32.54B 6.97 0.01 pts

1.38%

61 1378 China Hongqiao Group Limited HKG 227.42B 23.50 0.01 pts

1.38%

62 6655 Huaxin Building Materials Group Co., Ltd. HKG 32.43B 15.05 0.01 pts

1.35%

63 9696 Tianqi Lithium Corporation HKG 62.53B 38.20 0.01 pts

1.33%

64 0640 Infinity Development Holdings Company Limited HKG 725.97M 2.34 0.01 pts

1.30%

65 0366 Luks Group (Vietnam Holdings) Company Limited HKG 405.52M 0.83 0.01 pts

1.22%

66 2693 Anhui Jinyan Kaolin New Materials Co., Ltd. HKG 291.58M 3.04 0.01 pts

1.17%

67 1053 Chongqing Iron & Steel Company Limited HKG 8.74B 0.905 0.01 pts

1.12%

68 0521 CWT International Limited HKG 2.17B 0.188 0.01 pts

1.08%

69 1205 CITIC Resources Holdings Limited HKG 4.05B 0.515 0.01 pts

0.98%

70 6616 Global New Material International Holdings Limited HKG 12.48B 9.79 0.01 pts

0.98%

71 1001 Hong Kong Shanghai Alliance Holdings Limited HKG 245.06M 0.375 0.01 pts

0.94%

72 0621 Taung Gold International Limited HKG 971.10M 0.54 0.01 pts

0.93%

73 0061 Green Leader Holdings Group Limited HKG 24.08M 0.183 0.00 pts

0.55%

74 0639 Shougang Fushan Resources Group Limited HKG 15.40B 2.94 0.00 pts

0.51%

75 1313 China Resources Building Materials Technology Holdings Limited HKG 7.16B 1.06 0.00 pts

0.47%

76 2881 Wuhan Youji Holdings Ltd. HKG 976.85M 10.47 0.00 pts

0.19%

77 0581 China Oriental Group Company Limited HKG 4.21B 1.17 0.00 pts

0.00%

78 0601 Rare Earth Magnesium Technology Group Holdings Limited HKG 36.15M 0.064 0.00 pts

0.00%

79 0743 Asia Cement (China) Holdings Corporation HKG 2.62B 2.07 0.00 pts

0.00%

80 0815 China Silver Group Limited HKG 1.09B 0.295 0.00 pts

0.00%

81 1029 IRC Limited HKG 843.45M 0.45 0.00 pts

0.00%

82 1118 Golik Holdings Limited HKG 654.79M 1.13 0.00 pts

0.00%

83 1182 Success Dragon International Holdings Limited HKG 226.64M 0.66 0.00 pts

0.00%

84 1380 China Kingstone Mining Holdings Limited HKG 215.35M 0.45 0.00 pts

0.00%

85 1553 Maike Tube Industry Holdings Limited HKG 650.70M 1.50 0.00 pts

0.00%

86 1561 Pan Asia Data Holdings Inc. HKG 53.27M 0.05 0.00 pts

0.00%

87 1712 Dragon Mining Limited HKG 1.41B 7.44 0.00 pts

0.00%

88 1847 YCIH Green High-Performance Concrete Company Limited HKG 182.97M 0.44 0.00 pts

0.00%

89 1894 Hang Yick Holdings Company Limited HKG 125.50M 0.54 0.00 pts

0.00%

90 2326 New Provenance Everlasting Holdings Limited HKG 210.84M 0.01 0.00 pts

0.00%

91 2502 Henan Jinyuan Hydrogenated Chemicals Co., Ltd. HKG 578.16M 0.61 0.00 pts

0.00%

92 2738 Huajin International Holdings Limited HKG 25.20M 0.039 0.00 pts

0.00%

93 8277 Steed Oriental (Holdings) Company Limited HKG 23.62M 0.09 0.00 pts

0.00%

94 8331 P.B. Group Limited HKG 36.91M 0.24 0.00 pts

0.00%

95 0746 Lee & Man Chemical Company Limited HKG 3.64B 4.50 0.00 pts

-0.22%

96 0546 Fufeng Group Limited HKG 11.52B 5.22 0.00 pts

-0.29%

97 9933 GHW International HKG 1.58B 1.67 0.00 pts

-0.30%

98 3788 Hanking Gold International Limited HKG 8.21B 3.58 0.00 pts

-0.56%

99 3318 China Boton Group Company Limited HKG 3.00B 2.60 0.00 pts

-0.57%

100 0022 Mexan Limited HKG 67.45M 1.70 0.00 pts

-0.58%

The index uses capped equal-weight weekly constituent returns. The ledger shows uncapped security returns so outliers remain visible for research.

Basic Materials

Index, activity fan and structural anchors

Is the evidence ready for capital?

Five-pillar map

Architecture, persistence and constituent regimes

Positive regime, shorter trend weakening

Is the index move broadly durable?

Where constituents sit in the cycle

How market energy is distributed

Performance relative to HK Market Structure

Participation, dispersion and path risk

Participation quality

Path quality

Return distribution

30-week persistence

Net participation

Where sector leadership is forming

Copper

Chemicals

Lumber & Wood Production

Steel

Building Materials

Coking Coal

Specialty Chemicals

Other Industrial Metals & Mining

Agricultural Inputs

Gold

Paper & Paper Products

Aluminum

Does company news confirm the market tape?

Leaders, laggards and contribution shape

Leading edge

Weakest edge

Sector constituents

Send a message

Evidence context