On Wednesday, all three major indices of the Hong Kong stock market rose, $Hang Seng Index (800000.HK)$closing up 0.6% at 23,483.32 points, with an intraday high of 23,596.85 points and a low of 23,350.73 points. At night,$HSI Futures Current Contract (HSIcurrent.HK)$ it closed at 23,418 points, down 29 points or 0.12%, trading 65 points below.
As of yesterday's close, the market turnover was 199.765 billion HKD, and the total turnover of all warrantsbull and bear certificateswas 17.849 billion HKD, accounting for 8.9% of the total market turnover, with the long positions accounting for 5.4% and the short positions 3.5%. The net outflow of all warrants was 0.425 billion HKD.
Yesterday, the turnover of call warrants was 6.488 billion HKD, the turnover of put warrants was 2.447 billion HKD; the turnover of bull warrants was 4.362 billion HKD, and the turnover of bear warrants was 4.552 billion HKD.
In terms of Capital Trend for the Hang Seng Index, there was a net outflow of 10 million HKD for long positions and a net inflow of 20 million HKD for short positions.
The top five stocks with capital inflow for long positions are: $XIAOMI-W (01810.HK)$ 、 $KUAISHOU-W (01024.HK)$ 、 $BABA-W (09988.HK)$ 、 $BYD COMPANY (01211.HK)$ 、 $HKEX (00388.HK)$ 。
The top five indices and their corresponding stocks for Inflow in the light position are: $Hang Seng Index (800000.HK)$ 、 $POP MART (09992.HK)$ 、 $BYD COMPANY (01211.HK)$ 、 $TENCENT (00700.HK)$ 、 $S&P 500 Index (.SPX.US)$ 。
Bull-Bear Street Position Ratio
As of March 26, the latest bull-bear street ratio of the Hang Seng Index is 57.3:42.7.
The data in the bull-bear certificate street distribution map shows that the bear certificate heavy area is in the range of 24200-24299, with the latest number of bear certificates at 1126, an increase of 184 compared to the previous trading day; the area with the most new bears is in the range of 23600-23699, with the latest number of bear certificates at 500, an increase of 500 compared to the previous trading day.
The bull certificate heavy area is in the range of 23000-23099, with the latest number of bull certificates at 940, a decrease of 20 compared to the previous trading day; the most new bull certificates are in the range of 23100-23199, with the latest number of bull certificates at 704, an increase of 32 compared to the previous trading day.
Warrant analysis
On Tuesday, Hong Kong stocks rebounded collectively, with the Hang Seng Index closing up 0.6% at 23483.32 points, and multiple bull certificates rising over 40%, including three bull certificates with a recovery price near 23150. $JP#HSI RC27083.C (57700.HK)$ 、 $UB#HSI RC26079.C (56780.HK)$ 、 $BP#HSI RC2808P.C (55733.HK)$ Earned approximately 55%.
In terms of individual stocks, the Autos sector rose collectively,$BYD COMPANY (01211.HK)$with an increase of over 2%, with the bull certificate recovering to a price of 383 Hong Kong dollars. $SG#BYD RC2509J.C (58289.HK)$ Doubling and making a big profit.
Click to viewA beginner's guide to bull and bear certificates.>>
Views from major banks.
HSBC: TENCENT related good warrants have accumulated over HK$0.22 billion in the past five trading days, Bullish to consider slightly out-of-the-money calls. $HSTENCT@EC2506D.C (14041.HK)$ / Out-of-the-money purchase $HSTENCT@EC2508C.C (14308.HK)$。
POP MART's revenue last year increased by over 100% year-on-year, and the stock price once surged to 147 Hong Kong dollars. Bullish and expected to create a new high since listing, attention can be given to the market's most out-of-the-money purchase. $HSPOMRT@EC2512A.C (15272.HK)$ 。
Editor/lambor
Today, after hitting the high near 24,000 in the early session and entering bearish positions, the index fell sharply by nearly over 600 points, immediately recouping yesterday's losses significantly.
Moreover, today it broke the new high again, reaching a maximum of 24,076, but by the end of the market, it fell back by about 70 points, producing a bearish candle. The current trend has not yet been broken, but from the previous low until now, it has risen close to 6,000 points. It is believed that those with positions can continue to hold until there is a clear trend reversal for profit-taking. Those without positions can wait for a pullback to get in. Actually, it is hoped for a quick pullback, as it allows for entry and also provides a healthy breath.
Currently, the outlook remains the same as before. It is believed that even if there is a pullback, it shouldn't be too deep. However, if Futures fail to stabilize and close below 22,350, there may still be room for decline. The chance of Futures falling below 21,400 in the short term should be low, so it is considered that if a significant pullback occurs, it presents a good opportunity to incrementally go long. Recently, there has been a consistent approach to not hold positions overnight, only focusing on immediate trades, as there is no high chasing and no casual short selling.
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