Last Friday, Hong Kong's three major indices experienced a slight decline.$Hang Seng Index (800000.HK)$It fell 0.46%, closing at 23345.05 points, reaching a high of 23374.70 points and a low of 23190.31 points during the day. $Hang Seng TECH Index (800700.HK)$ It fell 0.31%. At night,$HSI Futures Current Contract (HSIcurrent.HK)$ it closed at 23270 points, slightly up by 5 points or 0.02%, 75 points below.
As of last Friday's close, the overall market turnover was 190.722 billion Hong Kong dollars, and all warrants.bull and bear certificatesThe total transaction amounted to 17.962 billion Hong Kong dollars, accounting for 9.4% of the market turnover, of which long positions accounted for 6.1% and short positions accounted for 3.3%. All warrants had a net outflow of 0.329 billion Hong Kong dollars.
Regarding the Capital Trend of the Hang Seng Index, long positions had a net inflow of 13 million Hong Kong dollars, while short positions had a net outflow of 18 million Hong Kong dollars.
The top five indices and underlying stocks for the inflow of long positions are: $BABA-W (09988.HK)$ 、 $MEITUAN-W (03690.HK)$、 $Hang Seng Index (800000.HK)$、 $HSBC HOLDINGS (00005.HK)$、 $POP MART (09992.HK)$ 。
The top five indices with Bearish Capital Outflow and their related stocks are: $Hang Seng Index (800000.HK)$ 、 $MEITUAN-W (03690.HK)$ 、 $TENCENT (00700.HK)$ 、 $KUAISHOU-W (01024.HK)$ 、 $CHINA LIFE (02628.HK)$ 。
Bull-Bear Street Position Ratio
As of May 17, the latest bull-bear street stock ratio of the Hang Seng Index is 68.6:31.4.
bull and bear certificatesThe data in the street stock distribution chart shows that the heavy area for bear certificates is in the range of 23700-23799, with the latest number of bear certificates in this range being 474, a decrease of 132 compared to the previous trading day; the most bears were added in the range of 23500-23599, with the latest number of bear certificates in this range being 152, an increase of 152 compared to the previous trading day.
The heavy area for bull certificates is in the range of 22900-22999, with the latest number of bull certificates in this range being 1149, a decrease of 223 compared to the previous trading day; the most bulls were added in the range of 22800-22899, with the latest number of bull certificates in this range being 345, an increase of 205 compared to the previous trading day.
Warrant analysis
$NTES-S (09999.HK)$ After the earnings, stock price surged over 13%, closing at 190 Hong Kong dollars, approaching a historical high. Several call options made significant profits, among them $UB-NTES@EC2506A.C (26434.HK)$ 、 $HU-NTES@EC2505A.C (29060.HK)$ made over 3 times profit.
On the news front, NetEase announced its first quarter 2025 results, with a revenue of 28.8 billion yuan, a year-on-year increase of 7.4%; under non-GAAP standards, the net income attributable to shareholders was 11.2 billion yuan, a year-on-year increase of 31.8%. Among them, game and related value-added service revenue was 24 billion yuan, a year-on-year increase of 12.1%, and a quarter-on-quarter increase of 13.2%.
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Views from major banks.
HSBC: $BYD COMPANY (01211.HK)$ Increased by 3% to create a new historical high, pay attention to good positions. $HS-BYD @EC2508A.C (14536.HK)$ / Light warehouse reference $HS-BYD @EP2508C.P (15134.HK)$ 。
HSBC: A major bank has upgraded the rating $SMIC (00981.HK)$ but the underlying stock has fluctuated for several days, so pay attention to bullish and bearish positioning$HS-SMIC@EC2511B.C (16269.HK)$ / $HS-SMIC@EP2609A.P (13390.HK)$ 。
Editor/rice