Affected by various regulatory and control measures in the Mainland, the Hang Seng Index plunged 6,371 points or 21.1% in the "Year of the Ox".
Entering the "Year of the Tiger", Hong Kong stocks slumped overnight and US stocks plunged. Led by heavyweight stocks such as HSBC ﹙0005﹚ and Alibaba ﹙9988﹚, the Hang Seng Index opened 590 points or 2.48% higher in the "Red Market", and changed after half a day. It rose 645 points, and re-entered the 24,000-point upstairs, breaking through the 10-day and 20-day antenna.
Experts believe that Hong Kong stocks can do well in the Year of the Tiger without fear of "anticlimactic".
On the first trading day of the Year of the Tiger, Hong Kong stocks opened higher in the red, and closed up 645 points or 2.7% at noon at 24,447 points; the HSCEI closed at 8,535 points, up 185 points or 2.22%; the Hang Seng Index closed at 5,540 points, up 123 points points or 2.3%.
The market turnover was 64.177 billion yuan.
Only three blue chips fell, Tencent rose less
Blue chips generally performed well, only three stocks fell, including WH Group (0288﹚, ENN Energy (2688﹚) and Longfor Group﹙0960﹚.
Among the good stocks, Haidilao﹙6862﹚, BYD﹙1211﹚ and Techtech Industry﹙0669﹚ rose 6.67%, 6.32% and 6.25% respectively, being the three best performing blue stocks.
In addition, AIA﹙1299﹚, Alibaba﹙9988﹚, Ping An of China﹙2318﹚ and HSBC﹙0005﹚ rose 4.83%, 4.82%, 4.68% and 4.62% respectively, becoming the main contributors to the rise of the market.
However, another heavyweight Tencent Holdings (0700) rose only less than 1%.
Wen Jie expects that the Hang Seng Index will first fall and then rise this year, with a stronger tiger tail.
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Wen Jie: Tiger tail is stronger
Everbright Securities International Wealth Management Strategist Wen Jie said that although the Nasdaq fell overnight, the U.S. stock futures index rebounded this morning, and during the Spring Festival holiday, the U.S. stock market rose as a whole, benefiting from the performance of the external stock market, Hong Kong stocks traded for the first time in the Year of the Tiger The daily red plate opened higher, and I believe it can maintain the upward trend today, but there is still resistance at the 100-day line (about 24472 points) in the short term.
As for HSBC and other interest rate-hike theme stocks that have risen sharply recently, although he maintains a positive view, he points out that the market expects the Fed to raise interest rates seven times this year. Reflecting the interest rate hike factor, the water level is not much, and the stock is expected to rise to 58 yuan at most.
Wen Jie predicts that the Hang Seng Index will first fall and then rise this year, and the "Tiger Tail" will be stronger. It may rise to 27,500 in the second half of the year. In the first half of the year, technology stocks are still volatile, and Alibaba may be in the range of 110 to 130 yuan. Investors are called to pay attention to traditional sectors, such as financial stocks, oil stocks, and cement infrastructure stocks, but the current price is quite high, and the market can only be deployed when the market falls back to 50 antennas, or 23800 points.
In the year of the ox, the internal banking industry has rebounded and entered the year of the tiger. Experts expect the trend to rise.
(Visual China)
Li Huifen: optimistic about interest rate hike beneficiary stocks
Li Huifen, executive director of Global Group Securities, estimates that the Hang Seng Index will rebound in the "Year of the Tiger" after last year's decline. If the market is on an upward trend this year and is hit by 28,000 points, it cannot be ruled out that it can challenge 29,000 points or even 29,600 points.
She pointed out that since the Federal Reserve has prepared to raise interest rates, bank stocks such as HSBC (0005), Hang Seng (0011) and Standard Chartered (2888) that can benefit from interest rate hikes can pay attention, and also pointed out that Chinese bank stocks have upward momentum.
However, she reminded that there will be fluctuations in the trend of Chinese banking stocks. One of the reasons is that the policy impact of the mainland last year may put pressure on bad debts of Chinese banking stocks. Therefore, she expects that the trend of Chinese banking stocks will be "one level up, then rampant, and then one level up." " trend.
HSBC Global released a report, optimistic about BYD.
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HSBC Global: Hong Kong stocks can reverse last year's trend
As for HSBC Global also released a report at the end of last month, it believes that Hong Kong stocks can reverse the trend of last year. With the rising market interest rate, traditional stock categories such as financial sectors may benefit. Due to the high weight of related stocks in the Hang Seng Index, it is expected to benefit the Hong Kong stock market. .
In addition, the mainland will launch targeted economic stimulus measures. It is expected that the market will continue to perform well, and the transparency of H-share earnings growth will be improved.
The report is optimistic about BYD (1211), China Construction Bank (0939), Bank of China (3988), Sunny (2382), BOCHK (2388), Ping An (2318), Tencent (0700), JD.com (9618), China Resources Land (1109) , China Overseas (0688), Country Garden Services (6098) and SHKP (0016).
Detailed report:
Trend of Hong Kong Stocks in the Year of the Tiger｜Feng Shui report calls for caution this month's "Shan Lei Yi Gua" is not a speculative fiscal year
Shares in the Year of the Tiger｜Mak Lingling: Avoid investing in stocks and buying properties in the three months of unfavorable investment, and aim at this area
Can Hong Kong stocks thrive in the Year of the Tiger? Master Shen: The trend is like a lively tiger. It is not difficult to see 28000 points!