盘后，大家都觉得不可思议了，上证指数13连阳了，会不会继续连阳是大家都在关心的事情了。 从成交量的角度，个人的观点是很可能继续连阳。因为银行、白酒压着节奏，行情还可以继续期待，创业板也压着指数，之后创业板继续拉升，行情依旧值 得期待。 央行：建立在特定情景下向非银机构提供流动性的机制性安排 简单讲，发挥好两项支持资本市场的货币政策工具作用，2026年很多股票、指数都有机会。小凡目前依旧做ETF为主，下半年可能会有参与股票，不过都是 后话了。 哪怕，三大指数涨不动了，牛市也不会像以前直接结束，而是个股补涨行情。不会有像以前的股灾了，类似2021年的见顶行情，个股、行业独立下跌，上证 指数的波动很小。 什么是特定情景下，这个很值得寻味了，这批资金需要做什么？肯定不是普通的实体需求，它们不需要在特定情景下才能向央行融资，大概率会利好股市、 楼市…… A股走势分析 不出意外的话，接下来继续摸高4100点，本轮反弹很可能会到4100点，过程可能比较复杂，不过结局是大概率确定的事情。 目前，不想乱动也不想大幅减仓，反而有加仓的行为，地产、白酒适当补了点儿。毕竟它们最近滞涨了，不过都是锦上添花的事情，小打小闹…… 港股，大 ...

| 港股通(沪)活跃成交股 | | --- | | HK 09988 | 11.4416 | 13.5316 | -2.10亿 | | --- | --- | --- | --- | | 中芯国际 | 12.10亿 | 5.21亿 | 17.31亿 | | HK 00981 | | | +6.89 亿 | | 小米集团-W | 8.04 亿 | 7.57亿 | 15.61亿 | | HK 01810 | | | +4676.56万 | | 美团-W | 4.55亿 | 6.06亿 | 10.61亿 | | HK 03690 | | | -1.50 亿 | | 中国海洋 ... | 3.05亿 | 5.34亿 | 8.38亿 | | HK 00883 | | | -2.29 Z- | | 中国移动 | 2.23亿 | 5.94亿 | 8.17亿 | | HK 00941 | | | -3.71 乙 | | 紫雯贴,不 | 2.60亿 | 4.40亿 | 7.00亿 | | HK 02899 | | | -1.80 亿 | | 优必选 | 3.01亿 | 3.55亿 | 6.55亿 | | HK 09880 | ...

恒生指数低开0.54%，恒生科技指数跌1.11%。盘面上，券商板块强势，中金公司今日复盘开盘涨超7%; 科网股跌幅居前，阿里巴巴跌近2%。 本文转载自"腾讯自选股"，智通财经编辑：李佛。 华泰证券认为，目前市场下行空间可控但上行胜率尚未打开。港股情绪指标依然处于悲观区间，对应磨 底阶段，情绪指数走势与2024年11月类似。彼时情绪指标进入恐慌区间后，市场在2025年初迎来明显反 弹，春节前后DeepSeek催化下斜率放大。未来行情催化因素可能来自以下三点预期差：人民币升值： 升值共识一旦形成，资本流动或发生重要改变，可以类比今年欧洲市场;企业出海：市场依然担忧汇率 升值和出口高基数的影响，明年上半年中美关系依然处于温和期，出口韧性存在预期差。 招商证券认为，近期港股市场在海外降息后仍未企稳，主要来自于两个内部流动性问题：公募基金基准 新规落地，可能导致卖出部分港股;港股阶段性资金需求较大。上述叙事虽然存在，且在下跌过程中持 续强化，但总体来看影响较为有限。 关于港股后市 招商证券认为，港股近期走弱缘于：南向资金由于公募基准新规而回流A股和抱团的挤出效应，IPO融 资潮的担忧，解禁高峰的到来，盈利下修与海外流动 ...

12月17日，港股股指止步连跌迎来反弹行情，截止午盘，恒生指数涨0.22%报25291.4点，恒生科技指数 涨0.02%报5403.74点，国企指数涨0.27%报8781.76点，红筹指数跌0.11%报4055.42点。 盘面上，大型科技股走势分化，阿里巴巴涨0.55%，腾讯控股涨0.5%，京东集团涨0.72%，小米集团跌 0.59%，网易跌0.47%，美团涨1.21%，快手涨0.39%，哔哩哔哩跌0.05%；航空股强势，南方航空涨超 7%；黄金股回暖，赤峰黄金涨超2%；HashKey Exchange首日破发；军工股、风电股、燃气股、汽车股 走低。 企业新闻 越秀地产(00123.HK)：获授5亿港元的定期贷款融资。 中国能源建设(03996.HK)：投资建设的中能建松原氢能产业园(绿色氢氨醇一体化)项目一期工程正式投 产运行。 中煤能源(01898.HK)：前11月商品煤销量为约2.34亿吨，同比减少8.7%。11月煤销量为2174万吨，同比 减少15.7%。 中国太保(02601.HK)：前11月，太平洋人寿累计原保险保费收入为人民币2503.22亿元，同比增长 9.4%，太平洋财险累计原保险保费收入为 ...

另一方面，药品股多数走低，市场仍有超30只个股跌幅在10%以上，细价股十方控股跌24.53%居跌幅榜 首。(格隆汇) 盘面上，大型科技股集体上涨助力市场上行，其中，腾讯、阿里巴巴均涨超2.3%，小米、百度涨近 2%，京东快手、美团皆有涨幅；大金融股(银行、保险、券商)亦全线上涨，中国太保、中信证券、中国 银河、交通银行涨幅靠前，其中香港本地股银行股渣打集团、汇丰控股再度刷新历史新高，汇丰市值更 是站上2万亿港元；白银伦铜创新高，金价上涨的逻辑基础依然牢固，黄金股、铜业股、铝业股等有色 金属板块再度活跃，风电股继续强势行情，东方电气大涨13.6%领衔。 受中央经济工作会议重磅利好消息影响，市场情绪明显回暖，港股三大指数呈现高开高走行情，恒生指 数涨1.75%盘中重回26000点，国企指数、恒生科技指数分别上涨1.62%及1.87%。 ...

Core Viewpoint - The A-share market experienced fluctuations, while the Hong Kong Stock Connect Low Volatility ETF (159118) saw a decline of approximately 0.5% during intraday trading, indicating a mixed performance among its holdings [1] Group 1: Market Trends - The Hong Kong stock market has shown a "southbound dominance and foreign capital shift" in fund flows, with a net inflow of nearly 1.4 trillion HKD by the end of November, marking a record high since the opening of the mutual market mechanism [1] - From June to October, the proportion of inflows into ETFs surged to 51.3%, peaking at 88% in August, highlighting the enthusiasm of domestic individual investors to increase their positions through ETFs [1] Group 2: ETF Fund Characteristics - The Hong Kong Stock Connect Low Volatility ETF (159118) closely tracks the S&P Hong Kong Stock Connect Low Volatility Dividend Index, focusing on large-cap value stocks, providing investors with a low fee (management and custody fees only 0.2%) and high efficiency (T+0 trading) for easy access to Hong Kong stocks, dividends, and low volatility [1] - The ETF fund can conduct quarterly evaluations and profit distributions, allowing for arrangements of profit distribution when conditions for fund dividends are met [1]

Group 1 - The Hong Kong stock market opened higher but quickly turned to decline near midday, with the Hang Seng Technology Index down 0.53% and the Hang Seng Index slightly up by 0.11% [1] - Major technology stocks collectively retreated, with Meituan falling nearly 3% [1] - The ongoing Russia-Ukraine conflict has led to supply chain disruptions and rising oil prices, benefiting the three major oil companies [1] Group 2 - Morgan Stanley predicts a 22% increase in Macau's gaming revenue in December, leading to a rise in gaming stocks [1] - Coal, insurance, and military stocks were mostly active during this trading session [1] - Semiconductor stocks declined, with leading company SMIC dropping over 1% [1] Group 3 - Pharmaceutical stocks showed collective weakness, with significant declines noted [1] - Over 1,900 flights from mainland China to Japan have been canceled this month, resulting in a drop for the three major airline stocks [1]

Market Overview - The Hong Kong stock market opened higher but quickly reversed to decline near midday, with the Hang Seng Technology Index down 0.53% and the Hang Seng Index slightly up by 0.11% [1] - Major technology stocks collectively retreated, with Meituan falling nearly 3% [1] Sector Performance - The ongoing Russia-Ukraine conflict has led to supply chain disruptions and rising oil prices, benefiting the three major oil companies which saw an increase in their stock prices [1] - Morgan Stanley predicts a 22% growth in Macau's gaming revenue for December, leading to a rally in gaming stocks [1] - Coal, insurance, and military stocks were mostly active during this trading session [1] Specific Stock Movements - Semiconductor stocks declined, with leading company SMIC dropping over 1% [1] - Pharmaceutical stocks showed collective weakness [1] - Domestic airlines faced a downturn, with over 1,900 flights to Japan canceled this month, resulting in a decline for the three major airline stocks [1]

Core Viewpoint - The Hong Kong stock market experienced a volatile trading session with mixed performances across major indices, reflecting cautious market sentiment [1] Group 1: Market Indices Performance - The Hang Seng Technology Index fell by 0.36%, ending its consecutive gains, while the Hang Seng Index and the National Enterprises Index saw slight increases of 0.07% and 0.03% respectively, with intraday highs reaching over 0.7% [1] Group 2: Sector Performance - Large technology stocks showed divergent trends, with Xiaomi rising over 2% and JD.com increasing by over 1%, while Alibaba dropped nearly 3% and Tencent and Baidu fell by more than 1% [1] - The Ministry of Commerce's initiative to expand automobile consumption led to active trading in automotive stocks, with Yongda Automotive surging over 10% [1] - The probability of a Federal Reserve rate cut in December has increased, resulting in a collective rise in gold, copper, and other non-ferrous metal stocks, with China Nonferrous Mining rising over 6% [1] - Most sectors, including paper, gaming, education, new consumption concepts, insurance, and aviation stocks, experienced gains [1] Group 3: Underperforming Sectors - Conversely, domestic property stocks saw an increase in losses in the afternoon, while steel, building materials, and cement stocks generally declined [1] - Semiconductor stocks showed a notable intraday rise, with leading company SMIC closing down nearly 1% [1] - Heavy machinery, mobile gaming, and military industry stocks mostly exhibited weak performance [1] - The first-day listing of a quantitative trading firm saw a significant rise of 88% [1]

Core Viewpoint - The Hang Seng Technology Index has experienced significant declines, with a drop of over 1,000 points in just over a month, indicating a bearish trend in the Hong Kong stock market [1][2] Group 1: Market Performance - The Hang Seng Technology Index fell to 5,651 points, with the Hang Seng Index dipping below the critical support level of 25,500 points [1] - Trading volume has been low, with transactions falling below 2,500 million HKD on November 3 and 4 [1] - Historical data suggests that the indices often experience technical rebounds when approaching the 100-day moving average levels [1] Group 2: Future Outlook - Analysts believe that the adjustment phase of the Hong Kong stock market may be nearing its end, with expectations of a continued volatile market [1] - The performance of major technology companies' Q3 reports in mid to late November will be crucial for market recovery [2] - External factors such as the execution of the US-China trade agreement and developments in tariffs and port service fees will influence market sentiment [2] - There is a strong motivation among institutions to boost positions and lock in performance before year-end, which could support the indices [2]