Investment 20/6/2024

The "national team" entered the market, and Hong Kong stocks recovered after three consecutive losses. The Hang Seng Index opened 140 points higher at 18,056 points and then maintained its upward trend. It rose 533 points to 18,448 points, and rose 514 points or 2.87% for the whole day to 18,430 points. The Technology Index rose 135 points or 3.65% to 3,832 points. Main board transaction volume was HK$112.7 billion. 


The Hang Seng Index broke through the 20-DMA (18,384) yesterday and is expected to continue to fluctuate around the 50-DMA (18,008) in the short term. The China Securities Regulatory Commission announced at the Lujiazui Forum that it will launch the "Eight Rules for the Science and Technology Innovation Board", which means that the reform of the Science and Technology Innovation Board will start again. The market is expecting more good news to be released to benefit the stock market. It is believed that Hong Kong stocks have the opportunity to resume their upward trend. 


The U.S. stock market was closed for the Juneteenth holiday on Wednesday. The three major U.S. stock indexes rose repeatedly the previous day, with the S&P 500 hitting a new closing high for the 31st time this year. However, amid the political crisis in France, European stock markets failed to extend the gains made by U.S. stocks the previous day. The three major European stock market indexes closed on Wednesday with mixed results. The British stock market rose 0.17%, the German stock market fell 0.35%, and the French stock market fell 0.77%.

 

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Investment 29/4/2026

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Investment 24/4/2026

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The Hang Seng Index opened 64 points lower at 26,098, and the decline widened to 322 points at one point, reaching a low of 25,840. It closed down 248 points, or 0.94%, at 25,915. The Technology Index fell 98 points, or 1.98%, to 4,865. Total market turnover was HK$255.3 billion. The Hang Seng Index broke below the 16,000-point mark. However, due to the relatively lagging performance of Hong Kong stocks and stable market sentiment, a significant correction has not yet occurred. It is believed that the Hang Seng Index can hold the 250-day moving average (25,349), a key level for bull and bear markets, while facing strong resistance at 27,000 points. European stock markets showed mixed performance, with British and German stocks falling 0.19% and 0.16% respectively, while French stocks rose 0.87%. With the Middle East situation unresolved and investors awaiting the implementation of peace talks, international oil prices remained high, putting pressure on US stocks on Thursday. The Dow Jo...
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Investment 27/4/2026

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The Hang Seng Index opened 181 points lower at 25,733, and once plunged 275 points to a low of 25,639, before recovering its losses, rising as much as 89 points to 26,004. It closed the day up 62 points, or 0.24%, at 25,978; the Tech Index rose 36 points, or 0.75%, to 4,902. Total market turnover was HK$236.7 billion. For the week, the Hang Seng Index fell 182 points, or 0.69%. Hong Kong stocks rebounded on Friday but failed to recover the 26,000-point mark. The Hang Seng Index broke through the descending channel earlier this month with an upward gap (25,254 to 25,668). Last week's short-term correction to this gap followed by a sharp rebound reflects the strong support at this level. Recent geopolitical tensions have fluctuated, causing Hong Kong stocks to trade in a volatile range. Without significant positive or negative news, they are expected to fluctuate between 25,500 and 26,300 points this week. If the market can break through and hold above 26,300 points, it may test the ...
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