Hong Kong stocks are unlikely to break 30,000 in the Year of the Pig
The trend of Hong Kong stocks in the Year of the Dog is turbulent. Huang Guoying, director of the Financial Asset Management Department, believes that Hong Kong stocks will continue to fluctuate in the Year of the Pig. It is difficult to break through 30000 points, and it is difficult to wear 24,000 points. Last year, “chok” was even stronger, reminding that the strong rally in January was only a retaliatory rebound. Huang Weihao, director of the research department of Zhongmin Securities (Hong Kong), pointed out that part of the reason for the market’s rise in January was that the fund was eager to supplement its shareholding position. “The first quarter will fall back.”
Re-enacting the trend of the market
From the perspective of investor psychology and capital, Huang Guoying believes that Hong Kong stocks will re-enact the trend of up and down the market before 2017. It is difficult to achieve new highs during the year. On the one hand, Hong Kong stocks rose sharply in January 2018, and the rest of the month went down. Investors are naturally wary of the recent revitalization of the market, not to mention the fact that many stocks have been “wrapped” and there are many crabs.
On the other hand, Huang Guoying pointed out that Chinese-funded blue-chip stocks, such as Chinese banks, suddenly surged in funds at the beginning of last year, which created a big era. Nowadays, the funds are obviously facing the local real estate stocks such as Link Exhibition (823) and Xindi (016). Then there is a lack of funds to ask.
Looking back on the past three pig years, Hong Kong stocks are also in a big ups and downs. The 2007 Hong Kong stock market, which was followed by many Chinese and Hong Kong stockholders. At that time, the market was flooded with the implementation of the “Hong Kong stocks through train”. In August of that year, the HSI was boosted, causing the HSI to soar by 55% in just two months. On October 30 of the same year, he saw a high of 31,638 points. However, Premier Wen Jiabao announced that he would postpone the plan indefinitely. Hong Kong stocks were sold off. The Hang Seng Index closed at 27,812 points at the end of the year, up 39% year-on-year, but the year-on-year high was significant. Refused more than 12%.
Hong Kong stocks were on the eve of the Asian storm in the Year of the Pig in 1995. At that time, the Mexican financial crisis indirectly caused the Hong Kong dollar to be under pressure. I am fortunate that the HKMA made foreign exchange intervention to tighten liquidity and repel speculators. The Hong Kong dollar rebounded rapidly, and the Hang Seng Index was Starting at 8191, the high position broke through 11,000 points and closed at 10073 points. As for the 1983 issue of Hong Kong’s return to the future, the shareholdings have fallen, and the collapse of the Carrian Group has triggered a Hong Kong dollar crisis and bank squeeze. The Hang Lung Bank and Sun Hung Kai Bank have been in trouble. The Hong Kong stock market was once at 1100. It fell to 690 points.