The Daily Bull and Bear

Daily Bull and Bear | Hang Seng Index fell sharply yesterday, with a bull ratio as high as 83%; Ping An Insurance dropped more than 15%, with Ping An Bear certificates making a profit 9 times.

大市概览

周二，港股大盘剧烈震荡，并出现大量的获利了结盘，恒生指数跌2172.99点或9.41%，高见22902.36，低见20762.82，收报20926.79点，10月以来的升幅全数蒸发。夜晚， $恒指主连(2410) (HSImain.HK)$ 收报21120点，上升338点或1.63%，高水193.21。

截至收市，大市成交6204.38亿港元，所有窝轮牛熊证合计成交238.2亿港元，占大市成交3.8%，其中好仓占比2.5%，淡仓占比1.4%。

恒生指数资金流向方面，好仓净流入3.8亿港元，淡仓净流出1.2亿港元。

好仓资金流入前四正股分别是： $恒生指数 (800000.HK)$ 、$中国人寿 (02628.HK)$ 、 $中金公司 (03908.HK)$ 、 $友邦保险 (01299.HK)$ 。

淡仓资金流入前四正股分别是： $中国平安 (02318.HK)$ 、 $香港交易所 (00388.HK)$ 、 $国企指数 (800100.HK)$ $京东集团-SW (09618.HK)$ 。

牛熊街货比例

截至10月9日，恒指最新的牛熊街货比例为83:17。

牛熊证街货分布图中的数据显示，熊证街货重货区在23200-23299区间，该区间最新熊证数量为385张，较上一交易日减少73张；最多新增在22900-22999区间，该区间最新熊证数量为101张，较上一交易日增加101张。

牛证街货重货区在20600-20699区间，该区间最新牛证数量为1048张，较上一交易日增加619张；最多新增在20700-20799区间，该区间最新牛证数量为896张，较上一交易日增加891张。

轮证分析

恒生指数全日低开低走，多张回收价在23300点附近的熊证升幅高达5倍以上， $恒指摩通五二熊4.P (52069.HK)$ 、 $恒指法巴五五熊L.P (51808.HK)$ 、 $恒指法兴五三熊1.P (53032.HK)$ 收涨逾600%。

个股方面， $中国平安 (02318.HK)$ 、 $香港交易所 (00388.HK)$ 昨日分别大跌逾15%、13%， $平安法兴六四熊F.P (51885.HK)$ 、 $平安摩通五五熊A.P (52118.HK)$ 分别壕赚9倍、7倍； $港交摩通七八熊C.P (52629.HK)$ 赚逾5倍。

上一交易日有397张牛熊证被强制回收，另有72只窝轮与268只牛熊证今日上市。

大行观点

大摩：恒指明年6月料见21550点，沪深300指数调高至4000点

瑞银：相信内地证券业正出现多个催化因素，首选中信证券和华泰证券

里昂：以指数中权重较高且估值仍较低作标准，科技股中推荐小米、比亚迪电子及华虹半导体

编辑/Somer

Market Overview

On Tuesday, the Hong Kong stock market experienced intense volatility, with a large number of profit-taking activities. The Hang Seng Index fell by 2172.99 points or 9.41%, reaching a high of 22902.36 and a low of 20762.82, closing at 20926.79 points, completely erasing the gains since October. In the evening, $HSI Futures(OCT4) (HSImain.HK)$ closed at 21120 points, up 338 points or 1.63%, with a high of 193.21.

As of the market close, the total turnover of the stock market was 620.438 billion Hong Kong dollars, with all warrantsBull and bear certificates totaling 23.82 billion Hong Kong dollars, accounting for 3.8% of the total market turnover, of which bull positions account for 2.5% and bear positions account for 1.4%.

In terms of capital trends of the Hang Seng Index, bull positions had a net inflow of 0.38 billion Hong Kong dollars, while bear positions had a net outflow of 0.12 billion Hong Kong dollars.

The top four main stocks with capital inflows into Hao Cang are: $Hang Seng Index (800000.HK)$N/A.$CHINA LIFE (02628.HK)$Please use your Futubull account to access the feature.$CICC (03908.HK)$Please use your Futubull account to access the feature.$AIA (01299.HK)$.

The top four stocks with inflow of light positions are: $PING AN (02318.HK)$Please use your Futubull account to access the feature.$HKEX (00388.HK)$Please use your Futubull account to access the feature.$Hang Seng China Enterprises Index (800100.HK)$ $JD-SW (09618.HK)$.

Bull bear street ratio

As of October 9, the latest bull-bear street ratio of the Hang Seng Index is 83:17.

The data in the bull and bear certificate street cargo distribution chart shows that the heavy bear certificate cargo area is in the range of 23200-23299, with the latest bear certificate quantity in this range being 385, a decrease of 73 from the previous trading day; the most new additions are in the range of 22900-22999, with the latest bear certificate quantity in this range being 101, an increase of 101 from the previous trading day.

The heavy bull certificate cargo area in the bull certificate street is in the range of 20600-20699, with the latest bull certificate quantity in this range being 1048, an increase of 619 from the previous trading day; the most new additions are in the range of 20700-20799, with the latest bull certificate quantity in this range being 896, an increase of 891 from the previous trading day.

Round certificate analysis

The Hang Seng Index opened low and trended lower throughout the day, with multiple bear certificates near 23300 points seeing price increases of over 5 times. $JP#HSI RP25024.P (52069.HK)$Please use your Futubull account to access the feature.$BP#HSI RP2505L.P (51808.HK)$Please use your Futubull account to access the feature.$SG#HSI RP25031.P (53032.HK)$ Closed up more than 600%.

In terms of individual stocks, $PING AN (02318.HK)$Please use your Futubull account to access the feature.$HKEX (00388.HK)$ Yesterday, they both dropped more than 15% and 13% respectively. $SG#PINANRP2604F.P (51885.HK)$Please use your Futubull account to access the feature.$JP#PINANRP2505A.P (52118.HK)$ Making a profit of 9 times and 7 times respectively; $JP#HKEX RP2708C.P (52629.HK)$ Earned more than 5 times.

On the previous trading day, 397 bull and bear certificates were forcibly redeemed, with 72 new covered warrants and 268 bull and bear certificates listed today.

Major bank views

Morgan Stanley: Hang Seng Index is expected to reach 21,550 points by June next year, with the CSI 300 Index raised to 4,000 points.

UBS Group: Believes that multiple catalytic factors are emerging in the mainland securities industry, with CITIC Securities and HTSC being the top picks.

Lyon: Using index-weighted and relatively low valuation standards, Xiaomi, BYD Electronic, and Hua Hong Semiconductor are recommended in the technology sector.

Editor/Somer

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