4.1 billion Beishui class back to A Hong Kong stocks test the bull and bear line Tencent internal silver is forced to force the night market to stabilize
Beishui showed the true color of “smart money". When the Hong Kong stock market rallied at the 7-month high, the South China Hong Kong stock market (Shanghai and Shenzhen) net out of 4.06 billion yuan yesterday, the worst injury in one year, heavy blue chip Tencent (00700) and CCB (00939) has been repeatedly sold, causing Hong Kong stocks to test the 29000 level and add resistance.
The investment community believes that the performance of the mainland stock market has returned to the courage, increasing the motives for the profitability of Beishui’s “class return to A”, and the good news such as Sino-US trade negotiations and MSCI adjustment weights have been fully reflected. The line (250-day moving average, 28281 points yesterday) is supported by the performance of Hong Kong stocks. It is advisable to adjust the absorption of domestic banks and Chinese brokerage stocks.
Before the US Federal Reserve Chairman Powell read the testimony of the Congress, the Dow first softened and retreated to 26,000. At zero o’clock in the morning, the night fell first and then rose 75 points to 28,803. Tencent American Depositary Receipts (ADR) was quoted at HK$344.7, which was 1.7 yuan higher than the closing price of 343 yuan in Hong Kong yesterday. The overall blue-chip ADR was equivalent to 47 points higher than the market.
CCB: Hong Kong stocks are overbought
The mainland’s Shanghai and Shenzhen stock markets have recently returned to the “Bear and Bear Line", which has recorded more than one trillion yuan in transactions for two consecutive days. The securities firm has re-emerged in the unresolved transaction processing scene (see separate article – retail investors swarmed over 6 brokerage trading systems) burst"). Mainland funds sold H shares to A shares, and Tencent and CCB, which have always been heavy positions, invested 560 million yuan and 780 million yuan respectively yesterday.
According to Su Guojian, head of the research department of CCB International Securities, Beishui had a heavy profit before the Hong Kong stocks broke through 26,000 points in early January. At present, the company is profitable. Considering the return of the mainland stock market, attracting funds to turn over to A shares, I believe that Beishui is short-term. There are still incentives to reduce Hong Kong stocks.
“Macro issues such as Sino-US trade negotiations, the Fed slowing interest rate reduction and MSCI index weight adjustment, the good news has been reflected in the stock market, (Hong Kong stocks) is difficult to rise again." Su Guojian recalled that the HSI has been tired from January low Rising nearly 4,000 points, the technology is on the verge of overbought, and the profit pressure will not dissipate in one or two days. In the next two weeks, there will be great opportunities to consolidate at the current level, and it is necessary to wait and see the results.
The transaction continued to exceed 100 billion yuan.
Although the Hang Seng Index faced a lot of resistance at the 29,000 mark, the transaction broke through 100 billion for five consecutive days, and it was first seen in the past six months. Feng Shiwen, managing director of Changjiang Securities Asset Management (Hong Kong), agrees that the investment climate is improving. It is expected that the long-term trend will be healthier after the stock market digests profit-taking pressure. In view of the fact that the investment community has already lowered the corporate profit forecast for the third and fourth quarters of last year, and that China and the United States have suspended the new trade tax at the beginning of this year, it is expected that the company will record better-than-expected results and bring the stock market.
Feng Shiwen believes that it is time to absorb domestic banks and Chinese-funded brokers. Banks should benefit from the improvement of market liquidity and the enthusiasm of consumer confidence to drive corporate lending; the mainland stock market transactions and investment climate will pick up at the same time, brokers will be Mainly benefited the sector.