Yesterday, the Hong Kong stock market fell again. As investors wait long and interim results, plus the surrounding stock market weakness, the Hang Seng index fell by 100.04 point again, points, closing 14873.85 0.668%. Daily market turnover 201.59 billion, compared with the previous trading day marked atrophy. At this point, since the Hong Kong stock market last week began to adjust, the Hang Seng index in just 5 business days has decreased by nearly 600 points accumulated.
In addition to the local utility unit, yesterday's financial, real estate and business class a shares are not small. By CNOOC (0883.HK) and China Mobile (0941.HK) poor performance as a result, red chips run exports plunge and the Hong Kong stock market, CNOOC declined 2.679% closing 5.45; 0.443% decline in mobile, closing 33.7. In addition, PetroChina (0857.HK), China Telecom (0728.HK) and Sinopec (0386.HK) three quanzhonggu encumbered, h-become the largest decline in the stock of plate, h-shares index decrease 1.317% in a single day.
The Mainland of the listed company equity division reform of guidance, clear the unit into A unit in only, which means that with the right to have the h-share of A stock-listed companies, in their future stock reform process, H shareholders will not be able to get the corresponding compensate for the price, the h-share market constitutes bad. Some of the H-share market investors fear that their interests could be related A share companies of equity division reform by injury.
In addition, h-share company disclosed in the report are not good or bad, on the market also has a certain influence. Which the automobile h share Qingling Motors (1122.HK) disclosure of the medium-term net profit as shown, the RMB 2659.5 million, an increase of nearly 6% dropped significantly, and does not distribute interim dividend, the unit yesterday thus fell 4.44% to HK $ 1.29. H-share company interim results performance although questioned, but including profit increases of up to several times the enterprise, the medium-term programme proposed dividend of H shares very little.
In addition, foreign organisations attitude womanliness, allows investors to see emotions increase. As for Chinese automotive unit, on the one hand, the automotive market has become increasingly fierce price competition, as well as profits plunged by Qingling motors, to such stock on the investment value. On the other hand, Merrill has extremely optimistic about the Mainland car unit, the row is envisaged for the month of November in the automotive industry, published in the third quarter results can bring good news, when this type of stock is expected to be a breakthrough in the market.
Also, investors confused is that not long ago Citigroup also in its latest regional strategic report reaffirms that Hong Kong is its Asia Pacific portfolio holdings of amplitude in the model's largest market. The line is still up to the end of the maintenance of Hsi near 17100 point estimated target bit.
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