港股复盘｜A股狂飙 港股表现平淡 恒指缩量上涨0.32%

Market Performance - The A-share market experienced a significant increase, with the Shanghai Composite Index achieving a record 16 consecutive days of gains, and total trading volume in the Shanghai and Shenzhen markets surpassing 30 trillion yuan [1] - The Hang Seng Index closed at 26,231.79 points, up 82.48 points, with a gain of 0.32%. However, the Hong Kong market saw a decrease in trading volume, with a total of 245.1 billion HKD, down 23.2 billion HKD from the previous day [1] Sector Highlights - The Hang Seng Technology Index closed at 5,687.314 points, increasing by 8.80 points, or 0.15% [3] - Gold stocks performed well, with Shandong Gold and Laopu Gold rising over 5%, and Zhaojin Mining increasing over 4% [4] - The commercial aerospace sector showed strong performance, with Asia Pacific Satellite (HK01045) initially rising over 22%, but closing with a narrower gain of 3.96% [5] Investment Insights - Analysts noted that recent geopolitical risks and expectations of interest rate cuts are supporting gold prices. Morgan Stanley predicts that gold prices could reach $4,800 per ounce by Q4 2026, driven by lower interest rates and continued buying from central banks and funds [6] - Three new stocks were listed today, with Rebo Bio-B (HK06938) rising over 41%, MINIMAX-WP (HK00100) increasing over 109%, and Jinxun Resources (HK03636) up over 26% [6] Capital Flow - There was a net inflow of southbound funds into Hong Kong stocks, exceeding 6.8 billion HKD by the end of the trading day [8] Future Outlook - Dongwu Securities suggests that the Hong Kong market is entering a period of oscillating upward trends, emphasizing the importance of dividends as a foundation and the potential for technology growth in the first half of the year [10] - CITIC Securities anticipates that the Hong Kong market could see a second round of valuation recovery and further earnings recovery in 2026, driven by internal and external economic policies, recommending focus on technology, healthcare, resource products, essential consumption, paper, and aviation sectors [10]