HSI rises 40 points, subject to 28 million CNOOC continues to rebound 3.5%, outperforms blue chip

The two consecutive gains of Hong Kong stocks rose 376 points (1.4%), hitting a high of more than four and a half months

The Hang Seng Index fell after opening a hundred points higher yesterday. At one point, it hung back 127 points and reached 27970 points. Unfortunately, it stopped before the 28,000 mark. Then it fought and fell again, and the decline was narrowed near the end of the market. ; Tencent (00700) auction period (U disk) pumped up, leading the Hang Seng Index to rebound 40 points (0.2%) to close at 27884 points, the daily high and low volatility is less than 200 points, the motherboard recorded a total of 94.4 billion yuan in transactions. The HSI again encountered obstacles before the 28,000 mark, and analysts were divided on whether the market could rise above that level for the rest of the year.

Tencent U disk hits 7-month high

As of 1:30 am, the Hang Seng Index closed at 27,898 points, down 19 points and 14 points above the water mark. The ADR Hong Kong share index was reported at 27,864 points, 20 points lower than the closing price of Hong Kong. The overall market rose by only 46%, and blue-chip stocks rose by less than 40%. Heavily weighted Tencent’s U disk pumped up, rising 1.7% throughout the day and hitting a more than 7-month high, contributing 51 points to the HSI. Under the strong oil price, CNOOC (00883) continued to rebound by 3.5%, which was the biggest blue chip gainer yesterday. Hengan (01044), which received Macquarie’s target price of 85 yuan, also accounted for 2.6%. In addition, the Hang Seng Index Volatility Index (VHSI), which reflects investment sentiment, further fell to 14.16 yesterday, the lowest in almost two years, indicating that market sentiment is extremely calm. The H-Share Index rose 59 points (0.5%) to close at 1,1024 points, and the two consecutive rises totaled 246 points (2.3%), returning to the level of early May.

UOB Kay Hian Executive Director Liang Weiyuan believes that the optimism of the trade agreement has been reflected in the market. After the Mainland Central Economic Work Conference, the market ’s concerns about the Mainland economy have cooled down, and it has also supported the stock market. However, the speculation may have to be postponed until early next year. Looking forward to the rest of the year, the Hang Seng Index will support between 27200 and 27500 points, and there will be a lot of resistance above 28 million. The reason is that as the end of the holiday season approaches, the funds entering the market will decrease.

Near holiday

Su Peifeng, a strategist at the China Merchants Bank International Research Department, said that the market is expected to further climb and break through 28,000 by the end of the year. He believes that the market conditions are relatively strong in the short term, and even if there is consolidation, the correction will not be too large. Since it is expected that the People’s Bank of China will not release water again in January, the market outlook should pay attention to whether there will be “money shortage” concerns before the end of the year in the Mainland, and then limit the market’s rise.

After three consecutive gains, the A-shares gave up. The Shanghai stock index fell slightly by 5 points (0.2%) to close at 3017 points. The Shenzhen Component Index fell 11 points (0.1%) to close at 10294 points. The two cities recorded a total of 677.9 billion yuan in transactions yesterday. China and Hong Kong stock markets continued to attract capital. Foreign capital flowed into A shares for 25 consecutive trading days. The latter attracted RMB 4.48 billion through the Shanghai-Shenzhen Stock Connect. Yuan net buy.


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