Zhou heung-hoon
The constant is the narrow concussion of the past week, most of the time along the 10 antennas between 24800 and 25400. After a three-week hiatus, while again on the 10 antenna level, the constant finger still lacks a clear direction on the first four trading days of last week. Last friday, for the three index days in the mainland, unit a successfully staged an aggressive drive, and the hong kong stock followed suit, with a constant shift in focus, ending the cow's skin. In the short term, the constant indicator is that a new wave of rebounds can be confirmed if the 20 antenna above is positively recovered at about 25,800 points。
On the other hand, due to last week's strong look-out atmosphere in the hong kong stock market and a marked narrower wavelength, the vhsi returned to near 20 o'clock. Markets also show a lack of confidence in the market and insufficient uplifting power. However, on the counter-argument market, the stock recognition date of last week returned to more than hk$ 20 billion, and the flow of funds began to accelerate。
As of the past week last thursday, there was a net inflow of approximately hk$22. 36 million from the round-trip card, and last thursday, the good silos were deployed to recover cattle at a price of between points 24100 and 24900, equivalent to approximately 1557 term finger contracts; and during the same period, there was also a net inflow of about hk$85. 8 million from the bear card, with overnight street goods concentrated on recovering prices between points 25500 and 26100, with approximately 1361 term contracts。
In terms of industry financial flow data, on last week's target date of last five days, market concerns or severe shocks have been consistent with the net outflow of about hk$22. 86 million from the relevant warehouse; the exchange block-related net outflow of about hk$37. 1 million over the past week, but on thursday alone there was a net transfer of hk$9. 81 million to its related subscription certificate, reflecting a reversal in the flow of funds; and the recent build-up of the related aetf subscriptions has been sustained, with about hk$119 million in total net inflows last thursday。
In recent days, the market has been somewhat more stable, with a slight decline in stock volatility, and many investors have responded with low deployment. However, in choosing a licensing clause, investors tend to prefer a shorter price-off clause. Typically, such certificates are characterized by low nominal value and provide high practical leverage. However, the investment risk of such licences is also high because of their time value losses and sensitivity to changes in stretching bands, such as the narrowness of positive share price bands and the decline in extension bands, and the fact that most of these short-term price vouchers do not keep up with positive shareholding performance and are not suitable for short-line back-off deployment。
The past week has seen a marked fall in the range of out-of-field options, with a three-month discount, for example, falling by about 5. 5 waves to 19 waves over the period. The impact on the price of the permit was negative, as in the case of a permit with a sensitivity of about 5 per cent for the stretch, which would fall by 5 per cent if the scale fell by 1 per cent, even if the target price remained unchanged. (this is not an investment proposal, nor is it a proposal, offer or solicitation of business for any investment product or service. Neither the author nor the french industry are responsible for any loss caused by the reader's reliance on this document. If necessary, professional advice should be provided
