Investment 13/12/2024

After the Hang Seng Index opened 58 points higher at 20,213 points, it fell 33 points to 20,121 points. It then resumed its upward trend and rose 391 points to 20,546 points. It rose 242 points or 1.2% for the whole day to 20,397 points; the technology index rose 69 points or 1.52%, quoted at 4,600 points.  Main board transaction volume was HK$157.7 billion.


 The market lacks direction, and the Hang Seng Index has returned to calm after a surge. Yesterday, the Hang Seng Index closed at the 50-DMA (20,313). It is expected that the short-term will mainly hover above 20,000 points, waiting for opportunities to rise; if it falls below the previous low 19,566, it will run rampant in the lower range.


 The trend of technology platform stocks has weakened, but mainland consumer stocks and stocks with low export correlation are relatively less affected by market conditions, and the sector is expected to have certain defensive power.  The Politburo meeting held recently in the Mainland has clarified the policy direction, and it is expected that there will be a greater chance of repeating previous remarks at the China Economic Conference.  In addition, the market is still waiting to see how the Federal Reserve will cut interest rates and where it will go next year.  Some brokers said that the current valuation level of the Hang Seng Index is about 9.1 times, which is lower than the five-year average level of 11 times. Based on the Hang Seng Index profit forecast, if the valuation returns to the average valuation level next year, the Hang Seng Index will reach a high of 24,200 points. The most optimistic scenario is to reach 27,600 points, but frankly the chance of this happening is low, and the trade war may affect the Chinese economy and the profitability of Hang Seng Index constituent stocks, so expectations for the trend of Hong Kong stocks are more cautious.


 European stock markets developed individually, with British and German stocks rebounding by 0.12% and 0.13%, while French stocks closed down by 0.03%.


 The U.S. producer price index (PPI) accelerated to 3% year-on-year in November from the upwardly revised 2.6% in October, exceeding expectations of a 2.6% increase. Coupled with the weakness of large technology stocks, U.S. stocks weakened from their highs on Thursday. The Dow opened 20 points higher and then fell as much as 245 points, reaching a low of 43,903 points; the S&P 500 closed at its lowest level of the day; the Nasdaq, which is dominated by technology stocks, once fell 0.69% from its record high.


 U.S. stocks closed with the Dow Jones Industrial Average down 234 points, or 0.53%, to 43,914 points; the S&P Index fell 32 points, or 0.54%, to 6,051 points; and the Nasdaq Composite fell 132 points, or 0.66%, to 19,902 points.


 The US dollar index once rose 0.31% to 107.04; the yen once rose 0.42% to 151.81 per dollar.  The European Central Bank cut interest rates for three consecutive meetings to support the economy, and the euro fell 0.31% to $1.0465.  Bitcoin gave back up to 3.1% to about $99,300.

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