Investment 30/10/2024

After opening 130 points higher at 20,729 points, the Hang Seng Index rose 290 points to 20,890 points. It then fell repeatedly and turned negative for a time. It resumed its upward trend in the afternoon, rising 101 points or 0.49% to 20,701 points, rising for three consecutive days. ; The technology index rose 49 points, or 1.08%, to 4,623 points.  Main board transaction volume was HK$154.2 billion.


 HSBC Holdings' third-quarter results beat expectations and continued buybacks, sending its stock price up 3.6%.  Tensions in the Middle East cooled down, and US stocks did well overnight, but the positive effect on Hong Kong stocks was limited.  The mainland's economy has yet to see significant improvement, and not many details of fiscal stimulus measures have been announced, leaving little room for Hong Kong stocks to rise.  However, the market expects that more policies will be introduced at the important mainland meeting at the beginning of the month. The Hang Seng Index is expected to have technical support at 20,000 points, while the upper resistance is at 21,500 points.


 European stock markets came under pressure, with British, French and German stocks closing down 0.8%, 0.61% and 0.27% respectively.


 A number of U.S. data are released. The Department of Labor's Job Openings and Labor Turnover Survey (JOLTS) shows that job vacancies dropped sharply to 7.443 million in September from 7.861 million in August, which is the lowest since the beginning of 2021 and far less than the expected 800. Ten thousand.  As worries about the economy and the job market eased, the Conference Board consumer confidence index jumped to 108.7 in October from 99.2 in September, hitting a new high since January and far exceeding expectations.  U.S. stocks developed individually on Tuesday. After the Dow opened 64 points lower, the decline once expanded to 215 points, and then rebounded 104 points, and finally fell by more than 100 points. The S&P 500 rose at most 0.41%, and the Nasdaq rose 1% after breaking through its peak. 18,753 points, closing at a record high.


 At the close of U.S. stocks, the Dow Jones Industrial Average fell 154 points, or 0.36%, to 42,233 points; the S&P Index rose 9 points, or 0.16%, to 5,832 points; and the Nasdaq Composite rose 145 points, or 0.78%, to 18,712 points.

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Investment 29/4/2026

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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...
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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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