Morning Trend | CKH HOLDINGS in a low-level tug-of-war, is the turning point for blue-chip sentiment approaching?
Yesterday, CKH HOLDINGS repeatedly tested the bottom during the trading session, with funds under pressure to exit, and the blue-chip sector showed a clear downward trend. Recently, the Hong Kong stock market's weighted sectors have been constrained by weak global economic data, with a strong wait-and-see atmosphere among foreign investors, leading to increased overall volatility. Stock prices have closed below the major moving averages for two consecutive days, indicating a continued weak short-term trend. This week, there are reports that major local infrastructure projects in Hong Kong may accelerate approval, leading to temporary fund attention on some real estate and construction weighted stocks. As one of the local infrastructure leaders in Hong Kong, CKH HOLDINGS saw some active buy orders during the session, but it has not been able to break through the resistance of the 20-day moving average. This indicates that there is still no consensus among funds regarding expectations for an economic recovery. The MACD continues to decline, and the short-term bearish advantage has not been reversed. The market's short-term focus is on whether there will be favorable policies or large industry orders to stimulate and open a window for fund inflow. Without significant positive news, the defensive pattern of blue chips will continue, and there is a need to guard against the risk of further short-term pullbacks. Although there are expectations for policy windows and infrastructure themes in the short term, the follow-up strength of funds in the gap market is limited, and the overall stance remains cautious. Investors are advised to pay close attention to trading activity and the substantive progress of policies, and it is advisable to wait cautiously for clearer trends before adjusting positions, avoiding rash interventions before a clear turning point
Yesterday, CKH HOLDINGS repeatedly tested the bottom during the trading session, with funds under pressure to exit, and the blue-chip sector showed a clear downward trend. Recently, the weighted sectors of Hong Kong stocks have been constrained by weak global economic data, with a strong wait-and-see atmosphere among foreign investors, leading to increased overall volatility. Stock prices have closed below the main moving averages for two consecutive days, indicating a continued weak short-term trend.
This week, there are reports in the market that major local infrastructure projects in Hong Kong may accelerate approval, leading to a brief focus of funds on some real estate and construction weighted stocks. As one of the local infrastructure leaders in Hong Kong, CKH HOLDINGS saw some active buy orders during the session, but it has not been able to break through the resistance of the 20-day moving average. This indicates that there is still no consensus among funds regarding expectations for an economic recovery.
The MACD continues to decline, and the short-term bearish advantage has not been reversed. The market's short-term focus is on whether there will be favorable policies or large industry orders to stimulate and open a window for capital inflow. Without significant positive news, the defensive pattern of blue chips will continue, and there is a need to guard against the risk of further short-term pullbacks. Although there are expectations for policy windows and infrastructure themes in the short term, the follow-up strength of funds in the gap market is limited, and the overall stance remains cautious in the short term.
Investors are advised to pay close attention to trading activity and the substantive progress of policies, and to be cautious in adjusting positions, waiting for clearer trends before making moves, avoiding rash interventions before a clear turning point
