Investment

Hong Kong stocks were repeatedly soft on the futures settlement day. After opening 53 points lower at 18,423 points, the Hang Seng Index once rose 60 points to 18,537 points. However, the selling pressure gradually increased and fell as much as 313 points to 18,163 points. It fell 246 points or 1.33% for the whole day to 18,230 points, falling for 3 consecutive days.  The technology index fell 12 points, or 0.33%, to 3,752 points. Main board transaction volume was HK$125.5 billion.  As expected, the market quickly turned weak after the futures settlement, as the recent surge was purely speculation and had no real factors to support it. Unless the Hang Seng Index can return to 18,300 today, the trend of Hong Kong stocks in June will be bearish. The Hang Seng Index has fallen below 18,300 points, and the next support level will be the 50-DMA (17,602).  Inflation in the United States remains high, and U.S. bond interest rates are showing signs of rising again. The market is ...

After opening 161 points lower at 18,659 points, the Hang Seng Index once extended its decline to 396 points, reaching a low of 18,425 points. It closed down 344 points, or 1.82%, at 18,477 points for the whole day. It fell for two consecutive days and was the first in three weeks since May 8 close low. The technology index fell 89 points, or 2.31%, to 3,765 points. The main board transaction volume was HK$123.1 billion, a 62% increase from the previous day, reaching the highest level in more than two weeks. Increased trading volume in a falling market is negative.  There is no real reason to support the rise in Hong Kong stocks a few days ago. Let's wait and see the trend of the futures index after settlement. It is not critical that the Hang Seng Index falls below 18,500 points. Instead, the important support level is 18,300 points. Pay attention to whether it can hold it today. However, it is expected that the market will reverse after settlement. Since the recent rise is purely...

Hong Kong stocks are so weak. The Hang Seng Index opened 13 points lower at 18,814 points. It rose 173 points in the early morning and touched the 19,000 point mark. It may have been in a stalemate in the afternoon. It once turned down 51 points to 18,776 points and closed at 18,821 points for the whole day, down 6 points or 0.03%; The technology index fell 9 points, or 0.25%, to 3,854 points. Main board turnover shrank to HK$97.7 billion.  The U.S. stock market was closed on Monday, and the market continued to focus on the U.S. PCE inflation data released later this week. However, investors have digested the news about the direction of interest rates to a certain extent, and U.S. stock market fluctuations are expected to be limited. As for the Hong Kong stock market, which is not affected much by the external environment, the Hang Seng Index rose from about 16,000 points last month to a high of 19,700 points last week. Although there has been an adjustment recently and the trading...

After opening 2 points lower at 18,606 points, the Hang Seng Index once fell 104 points to 18,504 points. It then resumed its upward trend and rose as much as 262 points to 18,871 points. It closed up 218 points or 1.17% to 18,827 points, ending four consecutive losses trend.  The technology index rose 65 points or 1.71% to 3,864 points. Main board transaction volume was HK$118.8 billion.  The flow of funds from China into the Hong Kong stock market has slowed down recently, and it is expected that the market may need to consolidate first. The Hang Seng Index rose from 16,000 points to about 19,700 points earlier. The RSI on the 14th has reached the overbought level. If calculated by the golden ratio, the current rise will be 0.382 times retracement. The index may test the support of 18,300 points. If it is 0.5 Calculated by 20% of the gains, the Hang Seng Index may have a chance to test the 17,900-point level. As for whether the Hong Kong stock market can continue to rise aft...

The Hang Seng Index opened 126 points lower at 18,742 points, and then the decline once extended to 336 points, reaching a low of 18,532 points. It closed down 259 points, or 1.37%, at 18,608 points, falling for 4 consecutive trading days, and falling by 944 points or so for the whole week. 4.83%; the technology index fell 96 points or 2.48% to 3,799 points. Main board transaction volume was HK$126.7 billion.  It is expected that the Hong Kong stock market will still see a slight rise but a sharp decline, with strong support at 18,500 points. The Hang Seng Index may return to the 20-DMA (18,633) today, and will test the 10-DMA (19,161) this week. The market is looking forward to the introduction of further rescue measures in the mainland, and paying attention to capital flows and the trend of the renminbi. Enterprising investors can choose new economy stocks, and at the same time, consider oil stocks and telecommunications stocks for income-earning allocations. It is expected that ...

The Hang Seng Index opened 171 points lower at 19,024 points, which was the day's high. Later, the decline once extended to 419 points, reaching a low of 18,776 points. It closed down 326 points, or 1.7%, at 18,868 points; the Technology Index fell 96 points, or 2.41%, at 3,896 points. Main board transaction volume was HK$129.9 billion.  Expectations for an interest rate cut have cooled, and Hong Kong stocks have accumulated a lot of gains, are overbought, and have military exercises. Investors took the opportunity to take profits, resulting in three consecutive trading days of decline. The performance of Hong Kong stocks depends entirely on whether Chinese and foreign funds will continue to flow in. If the Hang Seng Index falls below the 20-DMA (18,562) in the future, the next support will be the 50-DMA (17,424). If there is more good news, it can still rise again.  Morgan Stanley issued a report: It raised the target for the Hang Seng Index by 20% from the 16,000 points fore...

Hong Kong stocks are struggling above the 10-DMA. After opening 4 points higher at 19,225 points, the Hang Seng Index once fell 71 points to 19,149 points. It then rose as much as 139 points, reaching a high of 19,359 points, and closed down 25 points, or 0.13%, at 19,195 points; the technology index rose 11 points, or 0.3% , reported 3,992 points. Main board transaction volume was HK$126.6 billion.  After the Hong Kong stock market experienced a sharp decline the day before yesterday (21st), the atmosphere turned cautious. The market outlook depends on whether the Hang Seng Index can hold the 10-DMA (19,099). Once it falls below, the support level may move down to 18,560 points. The rise in Hong Kong stocks over the past month has been driven by rumors of mainland government policies. Although some of them have been implemented, they are not as strong as the market expected. In addition, Beishui has concentrated its inflows into special stocks such as China Banking Group in the pa...

The Hang Seng Index opened 162 points lower at 19,473 points and continued its decline, falling as much as 460 points to 19,175 points. It closed down 415 points or 2.11% at 19,220 points, ending its three consecutive rising trends; the technology index fell below the 4,000 point mark and closed down 154 points. points or 3.74%, quoted at 3,980 points. Main board transaction volume was HK$150.5 billion. The Hong Kong stock market has accumulated more profits for three days in a row, so there is an adjustment. If the Hang Seng Index stabilizes at the 10-DMA (19,027) and closes in the next two trading days, there is a chance to return to the 19,650 level in the short term. Although the Hang Seng Index has recorded gains in the past three trading days, the trading volume has been shrinking, showing a pattern of "rising prices and shrinking volumes". The upward momentum may not be good in the market outlook, so investors may need to wait and see the market development more cautio...

Hong Kong dollar offered interest rates hit a four-month high, but Hong Kong stocks continued to rise. The Hang Seng Index opened 67 points higher at 19,621 points, and the increase once expanded to 152 points, reaching a high of 19,706 points, setting another nine-month high. It closed up 82 points or 0.42% for the whole day, at 19,636 points, rising for three consecutive trading days; the technology index It rose 22 points or 0.55% to 4,135 points. Main board transaction volume was HK$156.4 billion.  The rising momentum of Hong Kong stocks comes from the mainland, with the continuous inflow of funds from the north. I believe there is a good chance that the Hang Seng Index will briefly challenge 20,000 points this week. However, because of the rapid rise, there is also considerable pressure for a correction. At this stage, we should pay special attention to the short-selling ratio of the market. If it reaches 20% or above, it means that the pressure for a correction in the market ...

The mainland's latest economic data was mixed, which once dragged down Hong Kong stocks last Friday. However, with the announcement of multiple measures to rescue the property market in the afternoon, Hong Kong stocks rebounded.  The Hang Seng Index opened 148 points higher at 19,525 points and then expanded its gains. However, it failed to challenge 19,600 points in the early stage and then turned around and fell back 33 points to a low of 19,342 points. In the afternoon, driven by the good news, it once rose 225 points to 19,602 points, setting another new record. A new high in nine months, it closed up 177 points or 0.91% for the day at 19,553 points, and rose 589 points or 3.11% for the week; the technology index rose 40 points or 0.99% to 4,112 points. Main board transaction volume was HK$179.3 billion.  Although the market is still undecided on when the U.S. Federal Reserve will cut interest rates, concerns about interest rate hikes have been temporarily eliminated, and ...

U.S. stocks hit a new high overnight, and Hong Kong stocks are ready to resume trading after the holidays. The Hang Seng Index opened 189 points or 0.99% higher and then continued to rise. It rose by 369 points in the afternoon and reached a high of 19,442 points. It closed up 302 points or 1.59% for the whole day at 19,376 points. The Technology Index rose by 30 points or 0.76% for the whole day to 4,072 points.  The market's trading volume exceeded HK$204.9 billion throughout the day, the most since December 7, 2022.  Based on the current market sentiment, the Hang Seng Index has a high chance of trying the 19,650-point target. However, due to the rapid rise and serious overbought, it is expected that there will be a significant adjustment soon. However, as long as it does not fall below the 10-DMA (18,712), The market outlook can still rise again. Optimistically, the midline target is: 22,500, the neckline of a double bottom formed from the low in October 2022 and the low i...

Hong Kong stocks rose first and then retreated before the Buddha's birthday holiday. After the Hang Seng Index opened 88 points higher at 19,203 points, the gain once expanded to 186 points, reaching a high of 19,301 points, setting another nine-month high. However, it later encountered retreating pressure and closed down 41 points or 0.21% at 19,073 points. Three consecutive gains; technology stocks outperformed the market, with the technology index rising 22 points or 0.56% to 4,041 points. Main board transaction volume was HK$143 billion.  The Hong Kong stock market fell slightly due to overbought conditions and still maintained the 19,000 level. If there is an adjustment in the market, last Friday's rising gap (18,560 to 18,657) is expected to have strong support. After consolidation, the Hang Seng Index has a chance to test 19,650 points. Looking at the market outlook for an optimistic scenario: the Hang Seng Index’s low in October 2022 and the low in January this year for...

After opening 59 points lower at 18,904 points, the Hang Seng Index once fell 136 points to 18,827 points. It then turned from decline to rise and rose as much as 159 points to 19,123 points, a nine-month high. It closed up 151 points or 0.79% at 19,115 points. points, rising for the third consecutive trading day; the technology index rose 56 points, or 1.42%, to 4,018 points. Main board transaction volume was HK$147.2 billion.  The market is looking forward to the dividend tax reduction for Southbound Trading. Although the relevant policies have not yet been implemented, funds are actively flowing in, and the rise in Hong Kong stocks is expected to be sustainable. In the short term, it is advisable to continue to pay attention to policy news and the results announced by blue chip stocks, but the market is expected to continue to trend upward.  Hong Kong stocks are overbought, and there will be adjustments in the short term. However, after consolidation, the Hang Seng Index ha...

The Hang Seng Index opened 131 points higher at 18,669 points and then maintained its upward trend. It rose as much as 455 points to reach a nine-month high of 18,993 points. It closed up 425 points or 2.29% for the whole day at 18,963 points. It rose 487 points or 2.63 points for the whole week. The technology stocks lagged behind, with the technology index rising 14 points or 0.37% to 3,962 points. Main board transaction volume increased to HK$171 billion. This is the most since October 16 last year.  Mainland China is rumored to have exempted and exempted Hong Kong Stock Connect dividend tax. This move may attract funds to pursue interest-earning stocks, such as mainland banking stocks, telecommunications stocks and oil stocks. Since the relevant sectors account for a large proportion of the Hang Seng Index, it is expected to be helpful to the market situation.  Hong Kong stocks broke through the long-term downward trajectory from February 2021 to the present late last mont...

The Hang Seng Index opened 7 points lower at 18,306 points, and then resumed its upward trend. It once rose 246 points to 18,560 points, and closed up 223 points, or 1.22%, at 18,537 points for the whole day, ending the two-day decline; the technology index rose 75 points or 1.94%, reported at 3,947 points. Main board transaction volume was HK$123.6 billion.   Hong Kong stocks have been rising sharply in recent days. The Hang Seng Index reached a high of 18,638 points on Tuesday, the highest since September last year. It rebounded more than 2,000 points from its low point and technically entered overbought. However, after two days of adjustment, the overbought signal improved and it rebounded yesterday. Investors are still waiting to see where the U.S. interest rates will go and whether the mainland will introduce more policies to support the economy. It is believed that more good news will be needed for the market to have a chance to rise further. The short-term target can be...

Hong Kong stocks showed mixed performance after opening higher, and the decline expanded in the afternoon. The Hang Seng Index opened slightly higher by 31 points and once rose 127 points to 18,606 points. It then struggled to move upward and fell 165 points or 0.9% to 18,313 points for the whole day, marking two consecutive days of retreat. The Technology Index fell 50 points or 1.29% to 18,313 points. 3,872 points. Main board transaction volume was HK$128.6 billion .  Hong Kong stocks have risen a lot, but water from the north continues to flow in, and the recent transaction volume has exceeded HK$100 billion , which means "there is sufficient water." Investors don’t have to worry about the ten consecutive rises being cut off. At this stage, Hong Kong stocks are still on an upward track and are above the 250-DMA (17,671). If it breaks through 19,000 points, the first stop will be 19,650 points. It is not suitable to be short on Hong Kong stocks in the short term. Still opti...

Hong Kong stocks ended ten consecutive gains. After opening less than 1 point lower at 18,577 points, the Hang Seng Index once rose to a high of 18,638 points. However, selling pressure subsequently increased and once fell 167 points to a low of 18,411 points. It still closed down 98 points or 0.53% at 18,479 points; the Technology Index It fell 85 points or 2.12% to 3,922 points. Main board transaction volume was HK$113.4 billion.  The daily chart of the Hang Seng Index has reached the overbought level, and short-term adjustments are inevitable. However, the continued inflow of funds into Hong Kong stocks is expected to support the market's continued rebound. It is expected that the Hang Seng Index will rise to 19,000 points, which is the initial resistance. In the short term, it must consolidate sideways at this level, and the mid-line target is 19,650 points, or even test the 20,000 level. Investors who do not have goods in stock are advised to wait and see for the time being an...

A-shares closed higher, Beishui returned, and Hong Kong stocks continued their rising trend. The Hang Seng Index opened 12 points higher at 18,488 points and then simmered. The gains expanded in the afternoon and tested the 18,600 point level. It closed up 102 points or 0.55% at 18,578 points, rising for the 10th consecutive trading day, with a cumulative gain of 2,354 points in the 10th day. or 14.5%; the technology index rose 36 points, or 0.91%, to 4,007 points. Main board transaction volume was HK$144.4 billion. The net buying of Southbound Trading was HK$5.086 billion , and the net buying of Chinese funds for 23 consecutive days reached a total of HK$100.338 billion .  The U.S. non-farm payrolls data for April was far worse than expected, with the unemployment rate rising to 3.9%, raising expectations for an interest rate cut again, which is good for the mood of U.S. stocks. As for the sharp rise in Hong Kong stocks, the Hang Seng Index reached 18,604 points last week, the hi...

The RMB strengthened, and the rise of Hong Kong stocks continued. After the Hang Seng Index opened 336 points higher at 18,543 points, the gain once expanded to 397 points. Later, the selling pressure gradually increased, and the whole-day rise rebounded to 268 points or 1.47%, to 18,475 points, recording a ninth consecutive rise, with a cumulative gain of 2,251 points during the period. points or 13.87%; the technology index once reached the 4,000-point mark, reaching a high of 4,023 points, and closed up 105 points, or 2.73%, at 3,971 points. Main board transaction volume was HK$116.1 billion.  The market began to recover from the low of 16,044 points on April 19. With the continuous promotion of stabilization funds, the Hang Seng Index successfully crossed the 250-DMA (17,688). On Friday, it reached 18,604 points, the highest level since September last year. In the short term, The target can be as high as 18,747 points first. In addition, the mid-term rebound of the market since...

U.S. Federal Reserve Chairman Powell said that the next policy interest rate adjustment is unlikely to raise interest rates, which stimulated the Hong Kong stock market to fall at the beginning of May and then rebound. It continued the strength before the holiday and also hit a new high for the year.  After opening slightly lower by 2 points at 17,760 points, the Hang Seng Index fell 22 points to 17,740 points in the early stage. After that, it resumed its upward trend and continued to rise. It rose by as much as 454 points and reached a high of 18,217 points. It closed up by 444 points or 2.5%. reported 18,207 points; the technology index rose 164 points, or 4.45%, to 3,865 points. The A-share market was closed during the holiday, and Beishui was suspended, which had an impact on Hong Kong stock trading. Main board turnover was HK$115.9 billion, down 11.3% on the day.  Before the holidays, the Hang Seng Index had risen by 20% from its low point during the year and entered a t...

Hong Kong stocks closed higher on the last trading day of April. After the Hang Seng Index opened 96 points higher at 17,843 points, the increase once expanded to 155 points, reaching a high of 17,902 points. It fell 59 points in the afternoon. However, driven by the good performance of HSBC Holdings, it managed to maintain its upward trend. The Hang Seng Index finally rose by 16 points or 0.09 points. % rose, closing at 17,763 points; the technology index fell 12 points, or 0.34%, to 3,700 points. Main board transaction volume was HK$130.8 billion.  The Hang Seng Index rose for 7 consecutive trading days. In April, it rose 1,221 points or 7.38%. The closing position has increased by 20% from the low in January this year, and coupled with the recovery of the 250-DMA  (17,700) that divides bulls and bears, theoretically it can be regarded as entering a technical bull market. If the Hang Seng Index stabilizes at 17,300 points, the rebound momentum is expected to be sustainable, ...