国信证券：港股大盘震荡修复 资金流入互联网与金融

Market Performance - The Hang Seng Index increased by 2.3% while the Hang Seng Tech Index decreased by 0.3% [1][2] - The large-cap stocks outperformed mid-cap and small-cap stocks, with large-cap stocks rising by 2.5%, mid-cap by 0.7%, and small-cap by 0.6% [2] Sector Performance - The financial sector led the market with a 4.6% increase in the Hang Seng Financial Index [2] - Among the 30 sectors in the Hong Kong Stock Connect, 18 sectors saw gains while 12 experienced declines [2] - Notable gainers included retail (+5.2%), non-bank financials (+4.7%), and banks (+3.8%), while electronics (-4.8%) and consumer services (-4.1%) were among the biggest losers [2] Capital Flow - There was a slight inflow of capital, with an average daily net inflow of HKD 330 million, compared to a net outflow of HKD 4.23 billion the previous week [3] - In terms of sector capital flow, 20 sectors experienced inflows while 9 saw outflows [3] - Major inflows were observed in retail (+HKD 170 million/day) and media (+HKD 130 million/day), while electronics saw the largest outflow (-HKD 170 million/day) [3] Earnings Forecast - The overall EPS forecast for the Hong Kong Stock Connect was revised upward by 0.2%, following a downward revision of 0.4% the previous week [4] - A total of 24 sectors had their EPS forecasts increased, with steel (+2.4%) and electric equipment & new energy (+1.2%) being the most notable [4] - Conversely, the oil & petrochemical sector saw a downward revision of -0.5% [4]