Can the Hang Seng Index break through again?

category:Finance
 Can the Hang Seng Index break through again?


International oil prices rose first and then fell on Tuesday. NYMEX oil fell 1.32% to $49.45/barrel, a new low since January 7, 2019; Brent crude oil futures fell 0.9% to $53.96/barrel, a new low since December 21, 2018. As demand declines and the international oil market falls into a technical bear market, OPEC and its allies consider holding a March meeting in advance to discuss the oil crisis.

Market sentiment turned optimistic, the demand for risk aversion fell, and the international gold price hit a new low of more than two weeks. COMEX gold futures fell 1.62% to $1556.7, a new low since January 16. Comex silver futures fell 0.57% to $17.57.

On Tuesday, the Hang Seng index continued to rebound, opening higher in the early morning, and then rose in shock. As of the closing, the Hang Seng Index rose 1.21% to 26676, with a turnover of HK $135.85 billion.

Overnight, U.S. stocks rose for two consecutive days. After the NASDAQ set a new high, investors sentiment of entering the market was high, and the markets previous concerns were also significantly weakened. Market sentiment is on the one hand, on the other hand, during the quarterly report period of US stocks, the leading enterprises of science and technology stocks have outstanding performance, which also plays a certain role in pulling up the market. In the mainland market, with a series of policy operations of the central bank and the recovery of investor confidence, the A-share market continued to recover, and the liquidity risk has also been effectively mitigated.

On the whole, the global market has shown signs of recovery. As the ADR index of Hong Kong stock goes higher, this will continue to drive the positive sentiment of Hong Kong stock investment to some extent. If the liquidity can be released continuously, Hong Kong stocks are expected to continue to rise. If the news is good again, the strength of the rebound may be stronger. In terms of sectors, food and catering stocks, which are greatly affected by public health events, have rebounded. At present, the valuation is quite attractive. These sectors are closely related to emergencies. If there is a good expectation in the news, investors can wait for the opportunity to make layout. Relevant stocks include Yihai International (01579), China Resources beer (00291), Zhou Heiya (01458), Mengniu Dairy (02319), etc. As the market continues to pick up, active trading will also promote the performance of securities companies, which deserves attention. Source: Wang Honggui, editor in charge of Zhitong finance and Economics Network

On the whole, the global market has shown signs of recovery. As the ADR index of Hong Kong stock goes higher, this will continue to drive the positive sentiment of Hong Kong stock investment to some extent. If the liquidity can be released continuously, Hong Kong stocks are expected to continue to rise. If the news is good again, the strength of the rebound may be stronger.

In terms of sectors, food and catering stocks, which are greatly affected by public health events, have rebounded. At present, the valuation is quite attractive. These sectors are closely related to emergencies. If there is a good expectation in the news, investors can wait for the opportunity to make layout. Relevant stocks include Yihai International (01579), China Resources beer (00291), Zhou Heiya (01458), Mengniu Dairy (02319), etc.

As the market continues to pick up, active trading will also promote the performance of securities companies, which deserves attention.