2/1/2025

On the last trading day of 2024, Hong Kong stocks will only be open for half a day.  The Hang Seng Index opened 38 points, or 0.19% lower, at 20,003 points, and then rose, rising 18 points, or 0.09%, to 20,059 points throughout the day, ending two consecutive losses. The Technology Index fell 32 points, or 0.72%, to 4,468 points.  The market turnover was HK$74.5 billion.


 To summarize in 2024, the Hang Seng Index rose by 3,012 points or 17.6%; the KLCI rose by 703 points or 18.7%.


 The Hong Kong stock market lags behind the US stock market, but it still accumulated about 3,000 points last year. In the short term, the Hang Seng Index needs to stabilize at 20,000 points before it can challenge the resistance of 21,000 points. Due to the limited upside space, the current market capitalization rate is limited.  In addition, the market is waiting to see the development of Sino-US trade relations after Trump takes office early next year. Amid the uncertainties, it is believed that Hong Kong stocks will have a chance to rebound significantly in the second quarter, and may test the resistance of 23,000 points.  As for sectors, you can pay attention to automobile stocks, shipping stocks, and gold-related stocks.


 Wall Street stocks closed lower on the last trading day of 2024, and market transactions were deserted.  Having said that, driven by factors such as the rally in technology stocks, the Federal Reserve's (Fed) interest rate cuts, and the strong U.S. economy, the U.S. stock market still paid stellar returns throughout last year.


 When U.S. stocks closed on New Year's Eve, the Dow Jones Industrial Average fell 29 points, or 0.07%, to close at 42,544 points.  The S&P 500 fell 25 points, or 0.43%, to close at 5,881.  The Nasdaq index fell 176 points or 0.90% to close at 19,310 points.

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Investment 24/4/2026

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Investment 27/4/2026

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