国信海外：港股市场医药消费回撤，石油机械逆势吸金

Market Performance - The Hang Seng Index decreased by 1.5%, while the Hang Seng Tech Index fell by 2.0% [1] - Large-cap stocks (Hang Seng Large Cap -1.4%) outperformed small-cap stocks (Hang Seng Small Cap -2.0%) and mid-cap stocks (Hang Seng Mid Cap -3.3%) [1] - Concept indices mostly declined, with the Hang Seng Innovation Drug Index dropping by 8.8% and the Hang Seng Consumer Index falling by 4.3% [1] - Among the Hong Kong Stock Connect sectors, 2 sectors increased while 28 sectors decreased, with notable declines in the pharmaceutical sector (-7.5%) and defense industry (-5.7%) [1] Fund Flow - Overall, there was a continuous outflow of funds from Hong Kong Stock Connect constituents, with an average daily fund intensity of -580 million HKD, compared to -800 million HKD the previous week [2] - In terms of sector performance, 8 sectors saw fund inflows while 21 sectors experienced outflows, with the mechanical sector attracting +130 million HKD per day and the pharmaceutical sector losing -340 million HKD per day [2] Earnings Forecast - The overall EPS forecast for Hong Kong Stock Connect was revised upward by 0.1%, following a 0.8% increase the previous week [3] - 19 sectors had their EPS forecasts raised, with significant increases in the steel sector (+2.1%) and agriculture (+1.9%), while 8 sectors saw downward revisions, particularly in transportation (-1.1%) and machinery (-0.4%) [3]