Louis Wong Commentary

Author

黃瑋傑先生(Louis Wong)
輝立証券董事

見證過去三十多年香港股市每一個牛市和熊市,可謂實戰經驗豐富。現為香港多份財經報章雜誌專欄作家,並為電視台及電台擔任客席主持。個人著作有〈炒得精叻〉、〈投資先知〉及〈股市是平的〉,並獲『中金在線』選為『2010年最受歡迎的港股分析師』。
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突破26000後的走向

Monday, January 5, 2026 Views627

港股在2026年首個交易日紅盤高開高收,恒生指數收復兩萬六關,最高見到26,346點,收報26,338點,相對前周累升519點或2%。國企指數收報9169點,按周上升2.8%。恆生科技指數收報5736點,周升幅達4.3%。A股上周四和周五假期休市,總結2025年,上證指數累升逾18%,連升兩年,表現是2019年以來最好的一年。滬深300指數全年也上漲近18%,創業板指漲幅達49.5%。

 

12月份中國官方非製造業商務活動指數(PMI)為50.2,高於市場預期的49.6,比上月上升0.7個百分點,重返擴張區間。12月份綜合PMI產出指數為50.7,比上月上升1.0個百分點,表明企業生產經營活動總體較上月擴張。同時,為優化實施「兩新」政策,做好政策平穩有序銜接,滿足元旦及春節等旺季消費需求,國家發改委及財政部已向地方提前下達2026年第一批625億元人民幣超長期特別國債支持消費品以舊換新資金計劃,繼續實施大規模設備更新和消費品以舊換新補貼,並優化實施機制,落實全國統一大市場建設要求,通知明確的汽車報廢更新、汽車置換更新、六類家電以舊換新及四類數碼和智能產品購新,在全國範圍執行統一補貼標準。

 

本周經濟數據包括標普全球中國12月RatingDog服務業PMI和綜合PMI。美國方面則將公布12月標普服務業PMI終值和綜合PMI終值、12月ADP就業人數、12月ISM服務業指數、11月JOLTs職位空缺、10月工廠訂單、10月耐用品訂單月率終值、12月挑戰者企業裁員年率、第三季非農生產力季率初值,以及上周新申領初請失業金人數初值。

 

說回港股,恆指終於突破50天移動平均線和26000點關,但能否企穩其上仍有待觀察。若企穩26000點,可望上試26530點,再下一個目標26880點。

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