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』。
Phone:
2277 6666

維持下行態勢

Monday, May 20, 2019 Views559
中美貿易談判陷入僵局,美國封殺華為事件引發北京強烈不滿,官方媒體評論文章態度越來越強硬,為股市帶來沽壓.恆指失守28000,於上周五最低見到27910,收報27946,相對前周下跌了604點,跌幅2.1%,是連續第二周下跌.國指在上周二最低見到10665,周五收報10689,下跌123點,也是連跌兩周,周跌幅為2.2%.
 
A股方面,上證失守2900,上周五收報2882;而滬深300則失守3700,收報3648;深證成指險守9000關口.上周公布的中國經濟數據都呈現回落,例如全國規模以上工業增加值同比增長5.4%,增速比3月份回落3.1個百分點;社會消費品零售總額同比增長7.2%,增速比3月份回落1.5個百分點.不過,據經濟學家指出,4月份經濟數據增速回落是受季節性因素影響,而且是在預期之內.
 
美股方面,道指連跌四周,上周五收報25764,按周下跌了0.7%,是自2016年5月以來最長跌勢.納指和標準普爾500指數按周分別下跌1.3%和0.8%.不過,美國經濟數據表現仍然強勁,例如5月份密歇根大學消費情緒指數升至102.4,創十五年新高,遠高於市場預期的97.2;4月份經濟領先指標升至112.1,是連續第三個月攀升.
 
說回港股,恆指陰陽燭日線圖上周五出現穿頭破腳大陰燭,收市指數再次跌破100天和250天線,9天相對強弱指數亦創出近期新低,相信本周恆指將維持下行態勢,可能下試27500的支持,阻力位28300.面對中美貿易談判陰霾揮之不去,加上技術走勢向淡,暫宜觀望及增持現金,等待形態轉好時才重新入市.同時亦可考慮將閒置資金停泊於貨幣市場基金(Money Market Fund),以增加回報.我們管理的輝立港元貨幣市場基金規模最近再創新高,達到3.7億港元,反映不少客戶都增持現金,迴避市場風險.最近有媒體報道了我們的港元貨幣市場基金及"餘款寶"資金自動調撥服務,報道更比較了輝立港元貨幣市場基金與另外兩隻港元貨幣基金的回報.輝立港元貨幣市場基金的年化收益率為1.38%,明顯高於另外兩隻港元貨幣基金的年化收益率(分別為1.13%和1.19%).


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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