China News Service, Hong Kong, February 14 (Reporter Dai Xiaolu) Hong Kong stocks ushered in the first trading day of the Year of the Dragon on the 14th. On the same day, Hong Kong's Hang Seng Index opened slightly lower, then fluctuated upwards, and finally closed strongly, closing at 15879.38 points, an increase of 132.8 points, or 0.84%. The market's full-day turnover was 57.064 billion yuan (Hong Kong dollars, the same below).
As of the close, the Hang Seng Technology Index rose 70.65 points, or 2.26%, to close at 3197.87 points; the State-owned Enterprise Index rose 79.52 points, or 1.5%, to close at 5386.31 points.
In terms of sectors, holiday economy concept stocks performed better. Among them, China Free Shipping rose 5.07%, Ctrip Group rose 4.41%, and Tongcheng Travel rose 3.06%. Among them, the latest data released by Tongcheng Travel shows that between February 10 and February 13, hotel bookings in Hong Kong and Macau increased by more than 300% year-on-year.
Looking forward to the market outlook, Huang Deji, director of the research department of King Life Securities, said that the Hang Seng Index is already at a low level and is expected to rebound to a certain extent in the later period. However, as the mainland economy shows signs of inflation and tightening, Hong Kong stocks are expected to be affected by this.
Lu Bingjun, chief strategist of Futu Securities Hong Kong, said that there is currently no new round of stimulus measures from the central government. If there is no particularly good news, Hong Kong stocks may lack follow-up momentum; and the stock market has been stimulated by news such as stabilization funds earlier, and there may be technical problems in the short term. rebounded, but whether it will continue to strengthen in the future remains to be seen.
In addition, Hong Kong Exchanges and Clearing Limited also held a market opening ceremony on the first trading day of the Year of the Dragon. Financial Secretary Paul Chan Mo-po of the SAR Government attended the event and delivered a speech, saying that the Year of the Dragon is a very special zodiac year. In the past four Years of the Dragon, Hong Kong stocks have recorded gains, especially in the Year of the Dragon in 2012, when major central banks around the world relaxed macroeconomic policies. The policy drove Hong Kong stocks to rise by 15%. He pointed out that the current market generally believes that interest rates in Europe and the United States have peaked and will gradually fall back. In addition, the mainland's economy is stable and improving, which is expected to bring positive atmosphere to investment sentiment and the market. (over)