On February 8, Hong Kong stocks recovered after rising. The Hang Seng Index fell by 250 points and continued to consolidate at the level of 24442 points on the 100 day line. Based on the fundamental consideration of undervaluation, we maintain a positive view on the future market of Hong Kong stocks. It is estimated that the Hang Seng index will still have the opportunity to move towards 25000 / 25746 / 26234 points. The United States may launch a new sanctions list, and the news has a blow impact on the market atmosphere. However, Hong Kong stock connect recorded a net inflow for the 18th consecutive day and another inflow of 1.4 billion yuan on Tuesday, which is believed to form a bearing capacity for the market.
After that, the 24430 Hong Kong stock index rose first and then fell, which also played a role in stabilizing the 24430 Hong Kong stock index. The performance of index stocks is differentiated, and the performance of international financial stocks with rising interest rates and expected to increase interest income is still strong. Among them, huikong (00005) rose by 1.55% and AIA (01299) rose by 1.11%, which is the main force supporting the market in the near future. The varieties of high interest rate and stable growth stocks we pointed out earlier, such as China Mobile (00941) and Ping An Insurance (Group) Company Of China Ltd(601318) (02318), also rose against the market by 0.44% and 0.78% respectively.
In addition, driven by the rise in coal prices, related stocks such as China Shenhua Energy Company Limited(601088) (01088) and Yankuang energy (01171) rose by more than 5% respectively. The US January CPI will be released on Thursday. There will be the latest enlightenment for the latest inflation and commodity resource prices, which can be paid more attention. However, Yao Mingsheng (02269), which may be sanctioned, saw its share price plummet by more than 22% and its trading was suspended before the morning closing, pending the company’s announcement. In fact, due to the rising interest rate, there will be pressure on overvalued growth stocks. It is estimated that this is the main reason why the market takes the opportunity to accelerate the valuation of YaoMing biological adjustment.
The Hang Seng Index closed at 24329 points, down 250 points, or 1.01%. The national index closed at 8513 points, down 76 points or 0.88%. In addition, the turnover of the main board of Hong Kong stocks was more than 129.5 billion yuan, while the short selling amount was 21.66 billion yuan. The short selling ratio fell back to 16.72%, the lowest since January 24. There are signs that the short sellers are beginning to withdraw, and the pressure is expected to ease. As for the proportion of rising and falling shares, it is 743:899. 34 stocks rose more than 10% during the day, while 38 stocks fell more than 10% during the day.
