The Daily Bull and Bear

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Daily Bull and Bear | Bull parties again? Hang Seng Index night session rose by 135 points to 19,336, with a bull certificate ratio as high as 64%; China Merchants Bank's subscription certificates made a profit of 1.4 times.

Futu News · Sep 26 08:46

大市概览

周三，恒生指数开盘大升600点，日内持续回落，高见19592.43，低见19072.72，收报19129.10。夜晚，恒生指数期货(9月)收报19336点，上升135点或0.703%，高水207点。

截至收市，大市成交2548.45亿港元，所有窝轮牛熊证合计成交176.08亿港元，占大市成交6.9%，其中好仓占比3.7%，淡仓占比3.2%。

认购证成交34.29亿港元，认沽证成交30.39亿港元；牛证成交60.5亿港元，熊证成交50.9亿港元。

恒生指数资金流向方面，淡仓净流入5700万港元，好仓净流出770万港元。

好仓资金流出前五正股分别是： $腾讯控股 (00700.HK)$ 、 $中国平安 (02318.HK)$ 、 $阿里巴巴-W (09988.HK)$ 、 $香港交易所 (00388.HK)$ 。

淡仓资金流入前五正股分别是： $恒生指数 (800000.HK)$ 、 $美团-W (03690.HK)$ 、 $道琼斯指数 (.DJI.US)$ 、 $阿里巴巴-W (09988.HK)$ 、 $中国平安 (02318.HK)$ 。

牛熊街货比例

截至9月26日，恒指最新的牛熊街货比例为64:36。

牛熊证街货分布图中的数据显示，熊证街货重货区在19800 - 19899区间，该区间最新熊证数量为699张，较上一交易增加382张；最多新增在19900 - 19999区间，该区间最新熊证数量为585张，较上一交易增加449张。

牛证街货重货区在18200-18299区间，该区间最新牛证数量为926张，较上一交易日增加926张；最多新增在相同区间。

轮证分析

恒指高开低走，昨日多张认购证开市即翻倍， $恒指汇丰四乙购E.C (25442.HK)$ 、 $恒指瑞银四甲购D.C (25458.HK)$ 、 $恒指法兴四甲购E.C (25477.HK)$ 隔夜翻倍，当日仍收涨近30%。

个股方面， $招商银行 (03968.HK)$ 、 $中国平安 (02318.HK)$ 分别续升4.52%，3.84%，认购证 $招行汇丰四甲购C.C (25778.HK)$ 、 $平安星展四甲购A.C (25707.HK)$ 分别壕赚1.4倍与1.25倍。

上一交易日有249张牛熊证被强制回收，另有18只窝轮与100只牛熊证今日上市。

大行观点

摩根大通：市场憧憬内地刺激措施有望稳定经济，国际油价回升，留意中油、中化。

汇丰：小米升至接近三年高位后今早逆市跌，好淡可留意；腾讯创两年新高，好淡部署可留意。

法巴：人行宣布，宣布降准、降息、下调存量房贷利率等一篮子措施，释放1万亿元长期流动性，留意平安。

编辑/Rocky

Market Overview

On Wednesday, the Hang Seng Index opened sharply up by 600 points, continued to fall during the day, reaching a high of 19,592.43 and a low of 19,072.72, closing at 19,129.10. At night, the Hang Seng Index futures (September) closed at 19,336 points, up 135 points or 0.703%, with a high of 207 points.

As of the close, the market turnover was 254.845 billion Hong Kong dollars, all warrants.Bull and bear certificatesTotal turnover was 17.608 billion Hong Kong dollars, accounting for 6.9% of the market turnover, with 3.7% in bull positions and 3.2% in bear positions.

Subscription warrants turnover was 3.429 billion Hong Kong dollars, and put warrants turnover was 3.039 billion Hong Kong dollars; bull warrants turnover was 6.05 billion Hong Kong dollars, and bear warrants turnover was 5.09 billion Hong Kong dollars.

In terms of capital trend of the Hang Seng Index, bear positions had a net inflow of 57 million Hong Kong dollars, while bull positions had a net outflow of 7.7 million Hong Kong dollars.

The top five stocks with capital outflow from bull positions are: $TENCENT (00700.HK)$Please use your Futubull account to access the feature.$PING AN (02318.HK)$Please use your Futubull account to access the feature.$BABA-W (09988.HK)$Please use your Futubull account to access the feature.$HKEX (00388.HK)$.

The top five stocks with inflow of idle funds are: $Hang Seng Index (800000.HK)$Please use your Futubull account to access the feature.$MEITUAN-W (03690.HK)$Please use your Futubull account to access the feature.$Dow Jones Industrial Average (.DJI.US)$Please use your Futubull account to access the feature.$BABA-W (09988.HK)$Please use your Futubull account to access the feature.$PING AN (02318.HK)$.

Bull bear street ratio

As of September 26, the latest bull and bear street ratio of the Hang Seng Index is 64:36.

The data in the bull and bear certificate street cargo distribution chart shows that the heavy bearish cargo area is in the range of 19800-19899, with the latest bearish certificate quantity in this range being 699, an increase of 382 from the previous trade; the most newly added quantity is in the range of 19900-19999, with the latest bearish certificate quantity in this range being 585, an increase of 449 from the previous trade.

The heavy bull certificate area in the range of 18200-18299, the latest bull certificate quantity in this range is 926, an increase of 926 from the previous trading day; the most newly added in the same range.

Round certificate analysis

Hang Seng Index opened high and fell low, with multiple call options doubling in value as soon as the market opened yesterday. $HS-HSI @EC2412E.C (25442.HK)$Please use your Futubull account to access the feature.$UB-HSI @EC2411D.C (25458.HK)$Please use your Futubull account to access the feature.$SG-HSI @EC2411E.C (25477.HK)$ Doubled overnight, still closing with an increase of nearly 30% on the same day.

In terms of individual stocks, $CM BANK (03968.HK)$Please use your Futubull account to access the feature.$PING AN (02318.HK)$ Respectively up by 4.52%, 3.84%, with subscription certificates. $HS-CMB @EC2411C.C (25778.HK)$Please use your Futubull account to access the feature.$DSPINAN@EC2411A.C (25707.HK)$ Respectively make a profit of 1.4 times and 1.25 times.

On the previous trading day, 249 bull and bear certificates were forcibly redeemed, while 18 warrant and 100 bull and bear certificates were listed today.

Major bank views

JPMorgan: The market anticipates that mainland stimulus measures are expected to stabilize the economy, with international oil prices rebounding. Pay attention to Sinopec and Sinochem.

HSBC: Xiaomi rose to near a three-year high this morning but fell against the market trend. It may be a good opportunity; Tencent hit a two-year high, deploy cautiously may be a good opportunity to watch.

BNP Paribas: The People's Bank of China announced a basket of measures, including reserve requirement ratio cuts, interest rate cuts, and reduction of existing housing loan rates, releasing 1 trillion yuan of long-term liquidity. Keep an eye on Ping An Insurance.

Editor/Rocky

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