On March 2, the Hong Kong stock index opened low and went low. As of the close, the Hang Seng Index fell 1.84% to 2234392 points; Hang Seng technology index fell 2.71% to close at 501574; The Hang Seng China enterprise index fell 1.80% to 790818. On the same day, the transaction was HK $114644 billion, with a net purchase of HK $2.325 billion from southbound funds.
According to choice, the Hang Seng Index has fallen 9.88% since February 18.
According to Wande news agency, southbound funds bought net for 6 consecutive days. Meituan-w, CNOOC and Tencent holdings received net purchases of HK $824 million, HK $768 million and HK $606 million respectively. In terms of net sales, Shunyu optical technology, China Construction Bank Corporation(601939) , and the Hong Kong stock exchange were sold net of HK $672 million, HK $305 million and HK $217 million respectively.
On the same day, technology stocks weakened in the Hong Kong stock market, with Apple’s industrial chain leading the decline. In the Hengsheng technology index, Shun Yu optical technology and fast hand all fell nearly 9%, Kwai sonic technology fell 5%, Byd Company Limited(002594) electronics and beep Leigh fell nearly 5%.
Energy and nonferrous metals sectors strengthened, such as Aluminum Corporation Of China Limited(601600) , Zijin Mining Group Company Limited(601899) , Jiangxi Copper Company Limited(600362) , Yankuang energy and other stocks rose.
Shen Meng, executive director of Xiangsong capital, told the interface news that Hong Kong stocks are more vulnerable to the influence of external market. At present, the geopolitical risk is higher, the global market is violently volatile, and the performance of Hong Kong stocks is also weak. In particular, there is no more active sign of southward capital recently, which lacks support for Hong Kong stocks as a whole.
He said that in the future, while Hong Kong stocks will continue to maintain the same frequency as the external market, more close to a shares, and the influence of mainland background funds on Hong Kong stocks will be greater and greater.
CEN Zhiyong, chief strategist of bailihao securities, pointed out that due to external and local factors, the Hang Seng Index fell to a low of nearly two or three months today, and the trend is very weak. It is suggested to pay more attention to hedging assets and oil related products.
A senior Hong Kong stock analyst told the interface news that the factors affecting the trend of Hong Kong stocks include the situation in Russia and Ukraine, the impact of the epidemic and the potential interest rate hike by the Federal Reserve. The joint action of three factors has prompted the Hang Seng Index to be in a downward trend in recent years. It is expected to reach the bottom in mid and late March. At present, the probability is in a sideways trend for some time.
Ping An Securities Research Report believes that the Hang Seng industry has different ups and downs, among which the raw material industry has the highest rise, and the essential consumption, energy, industry and telecommunications have all increased; Non essential consumption, public utilities, health care, finance, real estate construction and information technology industries fell, with the largest decline in the information technology sector.
The brokerage believes that Hong Kong stocks are expected to rebound in March. After the continuous impact of the overseas geopolitical situation and the negative impact of zhonggai shares in February, the Hang Seng Index Pb returned below 1.1 times and PE was also at a low level of 11 times. At the current time point, there is no reason to remain pessimistic about the Hong Kong stock market.
