Hang Seng Index ended up 0.06% in shock: real estate stocks were strong, and power stocks showed obvious correction

On the 4th, after the Hang Seng index opened high, it fluctuated downward and turned down again. In the afternoon, it turned red and turned down again.

As of the close, the Hang Seng Index rose 0.06% to 23289.84; Hang Seng SOE index fell 0.11% to 8180.16 points; The Hang Seng technology index fell 1.04% to 5581.90.

On the disk, the real estate sector rose strongly, with Xiangsheng holding group up more than 16%, E-House enterprise holding up nearly 13%, Shimao Group and xinchengyue service up more than 9%.

The correction of power stocks that rose sharply yesterday was obvious. China Resources Power fell 11.66%, China power fell 9.72%, Huaneng Power International Inc(600011) power shares, Datang International Power Generation Co.Ltd(601991) , Huadian Power International Corporation Limited(600027) power shares fell more than 8%, and CGN new energy and Longyuan Power fell 5%.

In terms of individual stocks, China Evergrande once rose by more than 7% during the resumption of trading, narrowed to 1% at the end of the trading, and Evergrande automobile closed down 0.26%. Rongchuang service rose 5.75%, and the first service holding plunged 42.31%. On the news, the first service holding announced on January 3 that rongchuang service planned to acquire 32.22% of the equity of the company. Yuan universe concept stocks once rose 24% in the stock market, up 5.81% as of the close, with a total market value of HK $272.9 billion.

The new year’s trading has begun. For Hong Kong stocks, GF Hong Kong analysts believe that affected by factors such as the bottom recovery of China’s economy, the gradual stability of industrial policies, the bottom rebound of corporate profits, and the deviation of domestic and foreign monetary policies, Hong Kong stocks may show a rhythm of first low and then high in 2022. In the second half of the year, the Hang Seng index is expected to usher in a reduced version of “double-click” in profit and valuation. Extrapolating from the level at the end of 2021, the center of Hang Seng Index in 2022 is about 27800 points.

(Zhongxin Jingwei)

 

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