KGI Commentary

KGI Commentary

HK Stock Continue Consolidation Today; Eye on Corporate quarter results

HSI Rose 109 points last Friday Hong Kong stock market oscillated at current range on Friday. The Hang Seng Index closed 109 points higher at 26,127. Tech index also rose 1.8%. Market turnover shrank slightly to HK$124.3bn. Among sectors, CBIRC senior official yesterday urged banks providing enough financial support for

Sector Rotation is Expected for HK stock; Major resistance is at 26,500

HSI Fell 118 points on Thursday Hong Kong market struggled on Thursday after consecutive four day rallies. Hang Seng index opened up 5 points and fell as much as 295 points afternoon, closing down 118 points at 26,017. H-shares index was flattish at 9,273, and Hang Seng Tech index fell

HSI near major resistance level at 26,560; Expect to oscillate at existing level today

HSI Rose 348 points on Wednesday Hang Seng index opened up 286 points higher on Wednesday and consolidated at high level. The index closed up 348 points to 26,136. H-shares index was up 1.5% to 9,277, and Hang Seng Tech index surged 2.7% to 6,691. Market turnover amounted at HK$156.5bn.

Fund Raising Activities might limit HK stock short term upside; Resistance at 26,000

HSI Rose 377 points on Tuesday After Hang Seng index just rebounded above 50-day moving average yesterday, the index opened up 61 points and upside has gradually expanded. The index closed up 377 points at 25,787. H-shares index rose 1.8% to 9,136 and the Tech index was up 3.1% to

China GDP slowed down but overall HK stock remained stable; Oscillate at 50 Day SMA

HSI Rose 79 points on Monday Hong Kong stock market opened higher on Monday, but Hang Seng Index was still capped by 50 Day SMA. China third quarter GDP increased 4.9% which is slightly below than market expectation, Hong Kong stock once retreated 200 points on Monday. However, the Hang

Hong Kong stock sentiment continued to improve; Test resistance at 50 Day SMA again

HSI Rose 368 points last Friday Following the strength of Asian stock market, Hong Kong stock rebounded on Friday. The Hang Seng Index rose 368 points to 25,331 while Hang Seng Tech index rose 1.9%. Market turnover amounted at HK$179.6bn. Buying interest on auto stocks, of which, Geely (0175) rose

Mixed China Economic Data limit HK stock upside; Short term resistance at 50 Day SMA

HSI fell 362 points on Tuesday Hang Seng index opened down 329 points on Tuesday, and the decline has expanded with A-share market weakness. The index closed down 362 points at 24,962. H-shares index fell 1.7% to 8,849, and the Tech index was down 3.2% to 6,199. Market turnover amounted

Profit taking pressure on HK Stock after recent gain; Short term resistance at 50 Day SMA

HSI jumped 487 points on Monday Led by technology stocks, Hang Seng Index jumped 487 points to 25,325 on Monday. H-share Index rose 223 points to 8,999. Hang Seng Technology Index advanced 197 points to 6,404. Market turnover amounted to HK$162.9 billion. Meituan(3690) antitrust fines of RMB3.4 billion were below

China US resume talk, which is positive to Hong Kong Stock; Test Resistance at 25,000

HSI Rose 136 Points on Friday Thanks to major internet stock opened higher on Friday, the Hang Seng Index once rose 363 points and overcome 25,000 level. However, US treasury yield continued to rise, together with accumulated obvious gain in the past two trading days, profit taking pressure emerged. The

A share market resume trading today, will be investor focus; HSI Resistance at 25,000

HSI Rose 735 Points on Thursday Hang Seng opened up 372 points along with US market rebound, above 10-day moving average. The upside has expanded in the afternoon, and the index closed up 735 points at 24,701. H-shares index rose 3.6% to 8,713, and the Tech index surged 5.2% to

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