On January 20, although US stocks were still in shock adjustment, the funds of Hong Kong stocks that had been verified at the end of the market on Wednesday could not bear to enter. The Hang Seng Index has risen by more than 800 points, challenging upward to our expected target of 25000 points for the first stop. We can maintain a positive attitude towards the future market. We believe that the Hang Seng Index has successfully established a good support at 24000 points and has the opportunity to further challenge 25746 / 26234 points. As we pointed out, it has fallen to the important bottom level of 23000 points, which is the biggest basic background for Hong Kong stocks to return to the good market. Beishui has continued to copy in since December (Hong Kong stock connect recorded a net inflow of more than 6.5 billion yuan on Thursday), and there is still more than a month before the Federal Reserve raised interest rates in mid March, All these factors are favorable for Hong Kong stocks to strive for more time and space to extend to a good market.
The Hang Seng index opened higher and closed at 24952 points, the highest level of the whole day, indicating that the offensive is still on. Due to the increased cooperation of trading volume and liquidity, the disk finally began to rise. Among them, Internet technology stocks, domestic insurance stocks, internal housing property management stocks and sporting goods stocks are all relatively outstanding varieties. The Hang Seng Index closed at 24952 points, up 824 points, or 3.41%. The national index closed at 8762 points, up 320 points or 3.78%. In addition, the turnover of the main board of Hong Kong stocks is more than 178.3 billion yuan, while the short selling amount is 29.72 billion yuan, and the short selling ratio of 16.66% is still high. There is still a potential possibility of short selling in the market. As for the proportion of rising and falling shares, it is 998:661. 46 stocks rose more than 11% during the day, while 31 stocks fell more than 10% during the day.
Tencent (00700) sent Jingdong group SW (09618) shares to remove the net. After the share price opened slightly lower, it quickly pulled up, and finally rose 6.6% to 471.6 yuan. As pointed out earlier, Microsoft (MSFT. US) acquired the game company ATVi. Us, which shows the emphasis on the game business, which is also positive news for Tencent. In addition, the share price of meituan-w (03690), which announced its cooperation with Starbucks earlier, rose by 11%, ranking second in the list of component stocks of the Hang Seng Index. As for the top gainer in the list, Bifu (06098) still rose by 15.5%. The people’s Bank of China further lowered the LPR interest rate, and moderate monetary easing was good news for neifang property management stocks. The real estate industry is expected to recover, which is conducive to the investment income of domestic insurance stocks, Ping An Insurance (Group) Company Of China Ltd(601318) (02318) and China Pacific Insurance (Group) Co.Ltd(601601) (02601), up 7.16% and 6.55% respectively. Sporting goods stocks that are expected to benefit from the arrival of the Winter Olympics to stimulate sales also showed outstanding performance, with Anta (02020) and Li Ning (02331) also up more than 6%.
