Hang Seng Index stabilizes 3 million 10 months high Pharmaceutical stocks burst on Jin Si Rui Jin 25% Zhongsheng Pharmaceutical Crown Blue Chip

Hong Kong stocks closed above 30,000 points for the first time in the past 10 months. The Sino-US trade negotiations are expected to reach an agreement. The Hang Seng Index once rose 248 points yesterday, closing at 30077 points, up 140 points (0.47%). Maintain a level of 121.5 billion yuan. The Hang Seng Index was good at night, closing at 30,179 points, up 57 points, and high waters by 102 points. At 1:53 am, the ADR Hong Kong stocks index was 30,094 points, 17 points higher than the Hong Kong market.

The Hang Seng Index opened 183 points higher yesterday and significantly broke through the 30,000 mark. It quickly climbed to a high of 30185 points and rose 248 points. After that, it softened again. After a slight decline in the afternoon, the HSI quickly regained its uptrend, 30,000. The point is lost and recovered. The China Enterprises Index closed at 11793 points, hitting 101 points (0.87%). The Hang Seng Index’s 14-day Relative Strength Index (RSI) rose to 69.2, approaching the overbought zone, while the market’s short-selling ratio remained at 12.38%. The Hang Seng Index saw the level of 30,000 yuan last time on June 15 last year, and closed at 30,309 points on the same day.

VTech’s profit warning, 10% against the market

In terms of heavyweights, Tencent (00700) rose 1.12% to close at 380.2 yuan; Ping An (02318) rose 1.86% to close at a full-day high of 93 yuan. Pharmaceutical stocks exploded, Kingsley Biotech (01548) more than 25%, the company recently announced that its myeloma drugs have been approved by the European Medicines Agency for priority drug evaluation. China Biopharmaceutical (01177) rose 7.1%, being the best performing blue chip yesterday; PetroChina Group (01093) pumping up 3.65%. China Tower (00788) rose 6.3% yesterday to a new high of 2.03 yuan, closing at 2.02 yuan, still up 5.76%, and the Hong Kong Stock Exchange (00388) hit a 52-week high, earning 1.93% to 285.4 yuan. VTech (00303) issued a profit warning. It is expected that the net profit for the year ending March will be reduced by 15% to 20% year-on-year, and then it will be sung by the big bank, and it will be rushed to the market and close at 73.15 yuan. The net inflow of “Hong Kong Stock Connect” was about 340 million yuan yesterday.

Leung Chun-hui, head of Standard Chartered’s Hong Kong Wealth Management Investment Strategy, said that Hong Kong stocks performed well yesterday, especially in the face of a weak A-share market, which still rose above 30,000 points and closed more than 120 billion yuan. He expects the market to consolidate around 30,000 points. Whether it can further increase will depend on the outcome of Sino-US trade negotiations and the impact of mainland economic data on the trend of A shares.

Liang Zhenhui continued that the US stock market will enter the performance period, while the Dow is at a high of 26,951 points last year, only about 500 points. If it can break the barrier, it will help drive Hong Kong stocks. The first quarter results of Chinese stocks should also be noted. In particular, after the earnings forecast has been lowered, the performance of Chinese stocks will be pleasantly surprised at any time.

The director of China ETF (Hong Kong) ETF business believes that there is no particular positive or negative factor in Hong Kong stocks, mainly following the external trend. Among them, US stocks will announce the first quarter results, which is more likely to reflect the impact of the economic slowdown, leading to the emergence of US stocks. Adjustment, Hang Seng Index is expected to rise and fall from 28,400 to 31,000.

Shanghai and Shenzhen stocks turnover 76.3 billion and then broke

The mainland stock market was soft, the Shanghai Composite Index closed at 3,244 points, down 1 point, ending five consecutive gains; Shenzhen Composite Index closed at 10,351 points, down 0.61%; Shanghai and Shenzhen 300 Index closed at 4057 points, down 5 points, Shanghai and Shenzhen stocks were about 10,700 100 million yuan. Shanghai-Shenzhen Stock Connect recorded a record total of 76.3 billion yuan yesterday, with a net amount of 4.44 billion yuan. The people pointed out that since the performance of the PMI in the Mainland has improved, the A-shares have broken through the horizontal consolidation level in March. Taking the Shanghai-Shenzhen 300 Index as an example, if the index has risen since 2008, the Shanghai-Shenzhen 300 Index is expected to challenge this year. The monthly high is about 4,400 points, and the Shanghai index is also expected to test 3,587 points.