Investment 21/10/2024

Last Friday,  after opening 27 points higher at 20,106 points, the Hang Seng Index once turned down 20 points to 20,058 points. In the afternoon, the gain expanded to 873 points, reaching a high of 20,952 points. It rose 725 points or 3.61% throughout the day to 20,804 points, ending four consecutive losses. ; The technology index rose 251 points, or 5.77%, to 4,600 points.  Main board transaction volume was HK$259 billion.


 The Hang Seng Index fell below the central axis of the Bollinger Channel last week and fell below the 20-DMA (20,507). Fortunately, it fell to the rising gap on September 27 (19,954 to 20,268) to find support. It rebounded sharply last Friday, but the adjustment has not been confirmed yet finish.  The People's Bank of China will once again lower the loan prime rate (LPR) by 0.2 to 0.25 percentage points today, which is also the third interest rate cut this year. It will also lower the deposit reserve ratio again before the end of this year. Hong Kong stocks will continue to do so today as last Friday. However, the 10-DMA (21,123) is expected to have initial resistance; if it fails to break through the resistance in the short term, the market may continue to be weak, and the market outlook will further adjust downward. If the Hang Seng Index turns around and falls below the above-mentioned gap, based on the golden ratio, The Hang Seng Index is expected to test the 0.618 times increase before the correction to support 19,361 points.


 European stock markets had mixed trends, with pressure on consumer stocks dragging down British stocks by 0.32%, while French and German stocks rose by 0.39% and 0.38% respectively.


 The latest performance of U.S. companies was mixed, and the overall performance of U.S. stocks on Friday was positive.  After the Dow opened 51 points lower, the decline expanded to 202 points, reaching a low of 43,036 points. Afterwards, the lows repeatedly stabilized, climbing up to 86 points, and peaked at 43,325 points. The S&P 100 once rose 0.53%, and the Nasdaq once rose 0.82%.  The Dow and S&P 500 closed at record highs.


 At the close of U.S. stocks, the Dow Jones Industrial Average rose 36 points, or 0.09%, to 43,275 points; the S&P Index rose 23 points, or 0.4%, to 5,864 points; and the Nasdaq rose 115 points, or 0.63%, to 18,489 points.

留言

張貼留言

這個網誌中的熱門文章

Investment 29/4/2026

圖片
The Hang Seng Index opened 111 points lower at 25,814 and continued its downward trend, falling as much as 316 points in the afternoon to a low of 25,609. It closed down 245 points, or 0.94%, at 25,679. The Technology Index fell 112 points, or 2.28%, to 4,827. Total market turnover was HK$262.3 billion. It is anticipated that the US and Iran will not reach a negotiation agreement soon; furthermore, the liquidity drain and the upcoming May Day holiday have contributed to the two consecutive days of decline in Hong Kong stocks. The Hang Seng Index may test the support level of the 250-day moving average (25,404), while the 100-day moving average (26,098) will turn from support to resistance. Investors should not rush into the market now but should adopt a risk-averse strategy, waiting for the Hang Seng Index to potentially fall to the 24,409 level before considering buying on dips to position for a rebound. European stocks traded mixed, with the UK FTSE 100 rising slightly by 0.11%, whil...
閱讀完整內容

Investment 24/4/2026

圖片
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...
閱讀完整內容

Investment 27/4/2026

圖片
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 ...
閱讀完整內容