Last Friday, the Hong Kong stock market experienced volatility, with the Hang Seng Index once surging to challenge the 19,900 point mark, ultimately closing down 0.16% at 19,720.70 points, having reached a high of 19,875.90 and a low of 19,692.68 during the session. In the evening$HSI Futures Current Contract (HSIcurrent.HK)$closed at 19,886 points, up 203 points or 1.031%, with a high premium of 165 points.
As of market close, the total market turnover was 178.5 billion HKD, with total turnover of all warrants and callable bull/bear contracts amounting to 10.7 billion HKD, accounting for 6.0% of the total market turnover, of which long positions accounted for 3.5% and short positions for 2.5%. Additionally, there was a net inflow of capital of 0.128 billion HKD across all warrants and callable bull/bear contracts.
The turnover for call warrants was 3.724 billion HKD, while the turnover for put warrants was 1.707 billion HKD; the turnover for bull warrants was 2.567 billion HKD, and for bear warrants was 2.739 billion HKD.
In terms of the capital trend for the Hang Seng Index, long positions saw a net inflow of 18 million HKD, while short positions experienced a net outflow of 10 million HKD.
The top five positive stocks and indices in terms of net inflow into bull positions are: $BABA-W (09988.HK)$、 $TENCENT (00700.HK)$、 $Hang Seng Index (800000.HK)$、 $KUAISHOU-W (01024.HK)$、 $HKEX (00388.HK)$。
The top five stocks and indices for the inflow of light warehouse funds are respectively: $TENCENT (00700.HK)$、 $Dow Jones Industrial Average (.DJI.US)$、 $SMIC (00981.HK)$、 $AIA (01299.HK)$、 $XIAOMI-W (01810.HK)$。
Bull-Bear Street Position Ratio
As of December 21, the latest bull-bear street position ratio of the Hang Seng Index is 62:38.
The data in the bull-bear certificate street position distribution chart shows that the bear certificate heavy position area is in the range of 20100-20199, with the latest number of bear certificates at 700, an increase of 14 from the previous trading day; the largest increase is in the range of 20300-20399, with the latest number of bear certificates at 567, an increase of 121 from the previous trading day.
The bull certificate heavy position area and the largest increase are both in the range of 19500-19599, with the latest number of bull certificates at 1262, an increase of 484 from the previous trading day.
Warrant Analysis
Last Friday, the Hang Seng Index fluctuated throughout the day, with several bear certificates of the Hang Seng Index showing significant gains, including$BP#HSI RP2811N.P (64519.HK)$which gained nearly 20% at its peak,$JP#HSI RP27119.P (64341.HK)$had the highest trading volume, reaching 0.409 billion Hong Kong dollars.
In terms of individual stocks, affected by rumors that the USA may introduce a new update to AI export controls,$SMIC (00981.HK)$Last Friday, it closed up over 8%, and the related warrants of the stock.$DS-SMIC@EC2412A.C (25716.HK)$The increase exceeded 234%;$TENCENT (00700.HK)$Rose nearly 3%, one warrant$HSTENCT@EC2501A.C (26094.HK)$made a profit of over 1.4 times.
Click to viewNewbie's guide to Bull and Bear Certificates>>
Major Banks' Perspectives
HSBC: Apple and TENCENT are discussing the launch of AI services in the mainland, with stock prices rising nearly 3%, pay attention to bullish deployment.$HSTENCT@EC2503C.C (25936.HK)$/Sell$HSTENCT@EP2506B.P (27925.HK)$。
JPMorgan: HKEX is seeking to relax some requirements for new stock listings and is consulting the market on measures such as shortening the lock-up period for cornerstone investors.$JP-HKEX@EC2504F.C (28629.HK)$/Put$JP-HKEX@EP2504C.P (28043.HK)$。
Editor/ping
