On February 21, Hong Kong stocks continued to fluctuate and adjust the market after taking back the market on Friday. The Hang Seng Index fell more than 150 points and fell to the integer level of 24000 points in the intraday to find support. Internet leading stocks continued to lead the decline, and the situation in Ukraine remains to be alleviated, which are news factors affecting the overall disk performance. Although we have pointed out earlier that we should be vigilant in times of peace, it is estimated that we are not overly pessimistic and bearish according to the latest situation. We believe that Hong Kong stocks are still expected to be in a breathing period, and the medium and short-term support level of the Hang Seng index is at 23400 points, which is stable, and we can maintain a positive view of the future market.
The Hang Seng Index extended the correction trend, once falling 329 points to 23999 points in the session. Among them, the leading Internet stocks led the decline, with Alibaba SW (09988), Tencent (00700) and meituan-w (03690) falling more than 3% respectively, all standing at the top of the list of the largest declines of Hang Seng Index constituent stocks, bringing a total decline of more than 220 points to the Hang Seng Index. Internet platform enterprises have lowered the merchant service fee standard and market rumors that they have stopped issuing game version numbers, which are the reasons for the pressure on relevant stocks. The Hang Seng Index closed at 24170 points, down 158 points, or 0.64%. The national index closed at 8456 points, down 82 points or 0.96%. In addition, the turnover of the main board of Hong Kong stocks increased to more than 143.7 billion yuan, while the short selling amount was 28.03 billion yuan, and the short selling proportion reached the excessive level of 19.5%. There is a chance for a new round of long short game. As for the proportion of rising and falling shares, it is 580:974. 28 stocks rose more than 10% during the day, while 30 stocks fell more than 10% during the day. After further retreat of Hong Kong stocks, Beishui showed signs of inflow again. Hong Kong stock connect recorded a net inflow of more than 500 million yuan on Monday.
On the disk, the pressure of Internet technology stocks is relatively significant, but the varieties with stable growth of high dividends, such as China Mobile (00941) and Ping An Insurance (Group) Company Of China Ltd(601318) (02318), as pointed out earlier, are still more in line with the current style and taste of the market, and the share prices rose against the market by 2% and 0.75% respectively. On the other hand, the Winter Olympics has been successfully concluded, but sports related stocks continue to perform relatively well. Among them, Mengniu (02319) rose by 1.61%, Anta (02020) rose by 2.25% and Li Ning (02331) rose by 1.78%. After the Winter Olympics, the Asian Games will be held in Hangzhou in mid September. Under the background of steady growth, domestic consumer stocks will continue to be the focus of the market and can be followed up.
