China News Service, Hong Kong, February 16 (Reporter Dai Xiaolu) The Hong Kong stock market has only been open for three days this week. After rising for three consecutive days, the Hang Seng Index in Hong Kong returned to 16,000 points on February 16. As of the close, the Hang Seng Index was at 16339.96 points, up 395.33 points, or 2.48%. The market's full-day turnover was 70.658 billion yuan (Hong Kong dollars, the same below).
On that day, the Hang Seng Technology Index rose 119.63 points, or 3.71%, to close at 3342.73 points; the State-owned Enterprise Index rose 147.92 points, or 2.73%, to close at 5558.86 points.
Ye Zeheng, an analyst at the Securities Business Department of Industrial and Commercial Bank of China (Asia), said in an interview with a reporter from China News Service that Hong Kong stocks rose for three consecutive trading days in the first week of the Year of the Dragon, which seemed to reflect the gradual increase in interest in Hong Kong stocks. However, as the mainland is still in the Spring Festival holiday and the stock market is suspended, the average daily trading volume of Hong Kong stocks this week was only 58.2 billion yuan, a week-on-week decrease of more than 33%.
Industrial Securities International analysis pointed out that Hong Kong stocks performed well amidst the good news. In addition to rising to the highest level since mid-January, the Hang Seng Index also broke through the 50-day moving average. This was the first time it had closed below 50 since November 23 last year. daily moving average. In addition, the trading volume of Hong Kong stocks rose to approximately 70.6 billion yuan, higher than the 57 billion yuan and 47 billion yuan on Wednesday and Thursday, which is a low-price increase.
In terms of outlook, Ye Zeheng said that the Hang Seng Index closed above the 50-day moving average level on the same day, and the market turnover also increased significantly, reflecting the gradual inflow of funds into the Hong Kong stock market and the investment value may be increasing. At the same time, next week will begin the peak period for companies to announce their results, and investors can pay attention to their provisions and share repurchases. (over)