The Hang Seng Index opened 278 points higher yesterday
After the market opened, it quickly expanded its gains to 27,114 points. The rally has slowed in the afternoon. The Hang Seng Index closed at 26993 points, up 397 points; the H-Share Index closed at 10628 points, up 122 points, and the market turnover was 75.9 billion yuan.
The district board elections were held in Hong Kong on Sunday, with pan-democratic victory and defeat by the establishment
In Hong Kong, the election results have always had little impact on the stock market. Investors are most concerned about changes in the political situation. As long as the political situation is stable, Hong Kong dances and horses run, Hong Kong continues to prosper, Hong Kong stocks rise, and everyone is happy.
Hong Kong has been the calmest in the past five months in the past week. Investors look forward to the Pan-Democrats and the SAR Government seizing this opportunity to reconcile to safeguard Hong Kong’s prosperity. Hong Kong is stable. The most benefited are the local real estate stocks and rent-receiving stocks. Wharf Holdings (01997) closed at 44.75 yuan, an increase of 4.67%, and Sun Hung Kai Properties (00016) closed at 114.20 yuan, an increase of 2.97%.
Alibaba (09988) ‘s public sale part was over 41 times over, frozen funds of 94 billion yuan, and over 210,000 retail subscriptions. Compared with Alibaba’s listing in Hong Kong that year, this time is somewhat inferior, mainly because the pricing is close to the US closing price, and there is limited room for short-term speculation. Alibaba finally set the offer price to 176 yuan, after deducting about 1% of transaction costs, the discount obtained by subscribing to Alibaba was small. Foreign investors want to buy Alibaba stocks, basically in the United States early in the morning, Hong Kong investors want to buy Alibaba stocks, and this subscription can also get a good distribution. Whether Ali’s stock price can rise very well in the short term depends mainly on whether there is a large amount of mainland funds flowing into Ali.
There are a few things to watch out for this week. First, after the A-share market closes tomorrow, the third expansion of MSCI this year will officially take effect, and the A-share inclusion factor will be increased from 15% to 20%, involving funds of up to 100 billion yuan
Thursday will be the settlement date of the futures index. Large households may dance high and low to make money. Third, after the district board elections, Chief Executive Lin Zheng and the pan-democratic should have contact and dialogue. The attitude of the two sides will affect Hong Kong in the future. Political stability. As for the Sino-US trade war, the United States will not have major bad news during the Christmas consumption season.