植耀輝: 標普連升六個月 港股氣氛仍審慎
耀才證券研究部總監植耀輝稱，美股上週五(7月30日)下跌，Amazon業績遜預期拖累科技股表現，其他公司業績表現亦好壞參半，加上對疫情之擔憂，稍利淡投資氣氛。最終三大指數一週累跌0.4%至1.1%，不過全月計則道指上升1.3%，納指上升1.2%，而標普累升達2.3%。值得留意的是，標普已是連升6個月，爲2018年以來最長升浪。
至於港股，七月表現欠佳，恆指大跌近一成，國指及科指跌幅更驚人，分別下跌13.4%及16.9%。不少恆指成份股出現暴跌，海底撈(06862.HK)、阿裏健康(00241.HK)及美團(03690.HK)跌幅便介乎28%至33%。值得一提的是，經過7月大跌後，恆指全年升幅已全數蒸發，並累跌4.7%，而國指及科指年初至今更累跌14%及19.5%，主要是受新經濟股拖累。而公用股則繼續發揮資金避難所角色。
踏入8月份，港股能否轉勢仍言之尚早，始終左右港股走勢之因素仍不少。今日便開始有多隻重磅藍籌如匯控(00005.HK)等公佈業績，預期在業績支持下，港股或會出現反彈，但預期26,500點已有相當阻力。另外，雖然恆指已累積相當跌幅，但新經濟股頹勢未止，加上投資者亦仍會關注監管相關消息，以及中美關係最新發展，如未有進一步利好消息，恐怕港股仍有較大機會，再次考驗早前25,000點甚至更低水平。
(筆者爲證監會持牌人，持有Amazon股份)
**********
恆指首要是先打破浪低於浪之格局
耀才研究部稱，上週美股三大指數高位回落，市場憂慮美國大型科技股增長放緩，但上週聯儲局的鴿派言論限制大市跌幅，美股上週整體表現僅反覆而已。港股ADR則個別發展，「黑期」今早上升150點至26,000點關口，料指數會否維持「彈散」格局仍是未知之數，市場更關注是一衆中概股之表現，在政策影響主導下，一衆中概股於短期後市之表現仍難有太大憧憬。另外，港股亦即將步入業績發佈高峯期，今日匯控(00005.HK)將公佈第二季季績，市場料中期列帳稅前盈利升逾倍，能否派發中期息亦是市場焦點，相關消息很大可能左右恆指短期後市去向。
從技術走勢上看，恆指目前已步入一個典型浪低於浪之格局，目前首個阻力位爲7月29日高位26,335點或10天線(暫在26,604點，亦正在每日急速下移)，恆指如於短期後市未能儘快突破上述阻力，亦意味指數再度下試7月份低位24,748點之風險亦在逐漸增加。
(筆者爲證監會持牌人)~
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app！
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
