Since a package of incremental favorable policies was released in late September, the A-share market has continued to rise, and market transactions have picked up significantly. However, the ensuing wide fluctuations and sector rotation have left many investors confused. At the critical moment when the market is diverging, many well-known investors and fund managers from the public and private equity industries have spoken out intensively. Combining the structured interpretation of this round of the A-share market and their judgments on policies, fundamentals, and other factors, It is generally believed that as market activity increases, the main direction will attract a large number of funds, and the market will enter a benign slow bull state.
On October 21, the A-share market fell back after rising high. As of the close, the Shanghai Composite Index and the ChiNext Index rose slightly, the Shenzhen Composite Component Index rose by more than 1%, and the BSE 50 Index rose by more than 16%, reaching a record high. Over 3,700 stocks in the entire A-share market rose, 190 stocks reached their daily limit, and the market turnover reached 2.23 trillion yuan. From October 1st to October 18th, financing funds, stock ETF funds, and repurchases of listed companies have all performed positively, with a total net inflow of nearly 300 billion yuan. Analysts believe that the above-expected policies have brought incremental funds to the stock market and promoted the restoration of the valuation of the A-share market. The market may fluctuate under the influence of overseas risks, but the medium-term upward direction remains unchanged.
On October 14, Hong Kong stocks resumed trading after the holiday, opening slightly lower with the Hang Seng Index down 1.70%. Real estate stocks rebounded collectively, driven by favorable policy support, lifting market sentiment.
Stimulated by mainland policies, Hong Kong stocks rose across the board, with the Hang Seng Index opening up 543 points. Tech and property stocks performed strongly, and a subsidiary of NIO secured a significant investment, with its stock price soaring by 15%.
A series of policies launched by the People's Bank of China stimulated luxury consumption, and luxury concept stocks generally rose. LVMH Group and Hermès both rose more than 9% in early US trading.
New World Development has announced the transfer of all its shares in the Kai Tak Sports Park to Chow Tai Fook Enterprises, pending government approval. At the same time, Ma Shaoxiang will take over as CEO, while Zheng Zhigang will be reassigned as a non-executive director and non-executive vice chairman.
Goldman Sachs' latest report shows that Bilibili is undergoing a transformation, focusing on advertising and gaming businesses, and is expected to achieve significant net profit margin growth by 2026.
Multiple institutions have downgraded the stock rating of Miniso, and the outlook for its core business is not affected by investment in Yonghui.
Following the announcement of a reserve requirement ratio cut and mortgage interest rate changes, the Hang Seng Index rose 598 points in half a day, up 3.28%; the Shanghai Composite Index increased by 2.38%, reaching 2814 points.
On the morning of September 23, the Hong Kong stock market continued to rise. As of the time of writing, the Hang Seng Index was at 18,368 points, up 0.60%; the Hang Seng Tech Index rose by 0.93%, reaching 3,738 points.
With the Federal Reserve's first rate cut, Hong Kong's benchmark interest rate has also been lowered, leading to positive market reactions and improving real estate and economic prospects.
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HSI elevated 323 points or 1.9% to 17,326 at half-day. HSCEI lifted 124 points or 2.1% to 6,111. HSTECH rose 98 points or 2.9% to 3,513. Half-day turn...
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