Tencent Securities News (North Lane) the Hang Seng Index fell immediately after opening high this morning, falling as low as 30720 points at one point. The Hang Seng Index then bottomed out, rising as high as more than 200 points to as high as 31339 points. By midday, the Hang Seng index was up 0.12% at 31151.65, the state-owned enterprises index was down 0.18% at 12512.92, and the red chip index was up 0.44% at 4539.57, with a market turnover of HK $62.476 billion.
The Hong Kong Immigration Department announced that the total number of inbound visitors from New Year's Eve to the third day of the first lunar month in 2018 was 650000, an increase of 11.8 percent over the same period last year, including 14.2 percent increase for mainland visitors. Macao had 500000 inbound visitors in the same period, an increase of 10 per cent year-on-year, of which mainland visitors increased by 18.5 per cent, an increase of 13.8 per cent over the seven-day Spring Festival holiday last year. Tianfeng Securities pointed out that the Hong Kong retail and Macau gaming sectors will benefit significantly.
Blue chip stocksGeely AutomobileIt rose 3.74% to HK $23.55, leading the blue-chip rally.AAC Technologies Holdings Inc.Rose 1.83% to HK $155.8Sunny Optical TechnologyIt rose 2.73% to HK $131.5.
Source: Futu Securities
Gambling stocks rose across the board.MGM ChinaSands China Ltd. rose 2.9% to HK $23.10 and Sands China Ltd. 2.35% to HK $45.65Galaxy EntertainmentRose 0.6% to HK $67.1Wynn MacauIt rose 1.28% to HK $27.6.
The inner housing stock fell.Sunac ChinaFell 1.6% to HK $30.75China Evergrande GroupFell 0.83% to HK $23.95China VankeFell 0.68% to HK $36.5Country GardenIt fell 1.44% to HK $13.66.
Chinese financial stocks fellChina Merchants BankFell 1.31% to HK $33.95China Construction Bank CorporationFell 0.83% to HK $8.41China is at peaceFell 0.66% to HK $29.9China Pacific InsuranceIt fell 0.4% to HK $37.65.
Ping An Insurance(2318.HK) fell 0.75% to HK $86.2. last Wednesday, Ping An Insurance reduced its stake in Country Garden Holdings 18.82 million shares at an average price of HK $13.2117 per share, cashing out HK $249 million, according to the Stock Exchange. After completion, Ping An Insurance's shareholding fell from 9.06% to 8.97%. In addition, Ping An Insurance also disclosed that he had bought more than 37.22 million shares on the 9th of this month.HSBC Holdings PLCThe average price per share is 79.3774 Hong Kong dollars, involving more than 2.95 billion Hong Kong dollars, and the shareholding has increased from 5.98 percent to 6.17 percent.
China Broadcasting Holdings(0471.HK) rose 51.64% to HK $0.37 after the company announced yesterday that it had been notified by Guoguang Global Media Holdings Co., Ltd., the controlling shareholder of Guoguang China Broadcasting Media Technology Co., Ltd., of its plans to adjust its shareholding structure. The shareholder control relationship between Guoguang Holdings and Guoguang China Broadcasting will be changed.
Expert comments:
King Securities said that it is believed that the March performance period will be very exciting, especially the trading strategy between the ups and downs of the big market. It is believed that if the market continues to consolidate, the hype above 30, 000 points will become the new normal. The short-term hot atmosphere of buying more than 32000 is still there, and the potential incentive to rise to 32000 for the time being may continue to be driven by domestic banks.
Yaocai Securities Chan Weicong said that from the technical trend, the Hang Seng Index holiday step forward more than 10 days and 50 antennas, so that the whole shape gradually improved, the current more critical resistance level in the 20 antenna, as long as the Hang Seng Index can successfully break through 20 antennas (31700 points) in the future, the whole shape will be beneficial to the index to regain the upward trend.