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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先作整固繼續上衝

Monday, May 15, 2017 Views5326

恆指上周突破25000,創出25211的22個月新高,周五收報25151,相對前周上升了680點,升幅達2.8%;國指上周最高見到10330,周五收報10283,周升幅達3.6%.

 

美股道指與標準普爾500指數上周分別下跌0.5%和0.4%,結束連續三周的升勢,但納指仍維持強勢,按周上升0.3%,是連績第四周上升.特朗普解僱美國聯邦調查局(FBI)前任局長詹姆斯.科米(James Comey),對美股未有帶來太大影響,反而是部分零售股如Macy's,J.C. Penny,Fossil等業績差於預期,股價大幅下挫,加上4月份零售銷售增幅不及預期,觸發市場對美國零售領域和經濟的憂慮,為股市帶來一定壓力.

 

相對港股,A股表現獨憔悴,上證綜指一度創出2016年10月以來的新低,最低見到3016,上周五收報3083,按周下跌0.6%;深證成指最低見到9703,上周五收報9787,周跌幅達到2.4%.不過,A股在上周四和周五連續兩日呈現先挫後揚的V形走勢,顯示A股經歷了連續五周的跌浪,走勢有盤穩跡象.統計數據顯示,有181家A股上市公司重要股東已開始增持公司股份,主要集中在地產傳媒有色金屬和機械四大行業.股東增持通常基於兩個因素,一是看好公司前景,另一原因是認為公司股價被市場低估.此外,統計數據顯示,國家險今年首季持股市值為10778億元人民幣,與去年第四季的10796億元相若.國家隊持倉規模保持穩定,亦有助增強市場信心.

 

經濟數據方面,中國4月份居民價格總水平(CPI)上升1.2%,漲幅重返"1時代",仍在央行舒適區域之內.工業生產者出廠價格(PPI)上漲6.4%,漲幅比3月份回落1.2個百分點.PPI的回升相信已短期見頂,隨著大宗商品價格近期大幅下挫,5月份PPI漲幅將繼續回落.本周中國將公布一系列經濟數據,包括固定資產投資,社會消費品零售總額和工業增加值,對第二季經濟表現將有一定啟示.

 

說回港股,恆指迭創年內新高,但上周四和周五形成兩個十字星,顯示上升動力略嫌不足,可能需要在24800-25000水平先作整固,才有力繼續上衝.


本人黃瑋傑為証監會持牌人士。截至本評論文章發表日止,本人及/或其有聯繫者並無持有全部提及之証券的所有相關財務權益.

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