The biggest news in Hong Kong stocks yesterday should be the relaxation of entry restrictions in the mainland. It is rumored that Hong Kong’s entry measures will be adjusted once more. The news has turned the originally tight Hong Kong stocks into a rise, and the tourism sectors of China and Hong Kong have benefited at the same time.
After the Hong Kong stock market rose sharply on Monday, it had retreated yesterday. Due to the reduction of Tencent (700) South Africa’s major shareholder, the index was lowered following the market opened. After that, the mainland adjusted its immigration policy, and the quarantine and control time for immigrants and close contacts was changed from “14-day hotel”. “Isolation + 7-day home health monitoring” has been adjusted to “7-day hotel quarantine + 3-day home health monitoring”. Since the “home health monitoring” is relatively loose, you can walk in the streets during quarantine. In other words, the strict quarantine is reduced from 14 days to 7 days, and foreign businessmen who want to enter the mainland are immediately applauded.
In the followingnoon, mainland A shares rose, and the Shanghai Composite Index once once more rose above 3,400 points, up 0.9%, driving the Hong Kong stock market to rise.
Those who take the lead in the hole candle can eat Hu
This Friday will be the 25th anniversary of the 7.1 handover. Earlier, Xinhua News Agency announced that President Xi Jinping attended the new team oath, and some people said that the attendance was “going to Hong Kong”. President Xi has decided to come to Hong Kong, and Hong Kong is also closely guarding and preparing. The outside world gradually believed that President Xi would come. The stock market rebounded following falling yesterday, all of which were speculation that President Xi would come to Hong Kong.
The Hang Seng Index closed at 22,418 points, up 189 points; the China Enterprises Index closed at 7,893 points, up 76 points; the KSE Index closed at 5,103 points, up 31 points, with a turnover of 175.9 billion yuan.
The mainland eased entry restrictions, and tourism-related stocks became the big winners. Ctrip Group (9961) rose 17% to close at 230.4 yuan; Fosun Travel Culture (1992) rose 14% to close at 12.56 yuan; Huazhu (1179) rose 14%. Closed at 32.9 yuan. Fosun Tourism has shown signs of starting a few days ago. Together with yesterday’s sharp rise, the cumulative increase has already increased a lot, and the Spring River Duck, which has taken the lead, can already eat Hu at any time.
The restrictions on the flow of people in the mainland are slightly wider, and the scope of driving is not only for directly related stocks, but also for a large number of surrounding industries. Recently, due to the epidemic, the gambling stocks rebounded on the ground. Sands China (1928) surged 12% to close at 18.2 yuan, the best performer. Best blue chips; GEG (027) rose 8% to close at HK$47.75; Wynn Macau (1128) surged 13% to close at HK$5.55; MGM (2282) rose 7.7% to close at HK$4.63; SJM (880) rose 10%, to close at 3.7 yuan; Melco (200) rose 9.4% to close at 6.23 yuan, and the low-fishing short-term speculators succeeded once more. But remember that the general trend of the downturn in gambling stocks has not changed.
On June 21, the Macau Legislative Council voted to pass the revised “Legal System for Casino Lucky Gaming Operations”. This is Macau’s first revision in 21 years, and the new law is the first to include “national security” clauses. Mainland media quoted the entry of the “national security” clause, which will become a “sword hanging on the roof”. After the implementation of the new law, the “VIP room” will face withdrawal. In the future, the gaming industry will develop towards a “mass business” with a more consumer-friendly level. It will force Macau gaming companies to develop more non-gaming elements. In a nutshell, the era of huge profits in gambling stocks has passed, and I am afraid that their stock prices will become more “close to the people” in the long run.
In addition, aviation and catering stocks also performed well. Cathay Pacific (293) rose 6% to close at 8.6 yuan; China Southern Airlines (1055) rose 5% to close at 4.57 yuan; Air China (753) rose 10% to close at 6.78 yuan; China Eastern Airlines (670) It rose 5% to close at 3.02 yuan.
The mainland catering sector Haidilao (6862) rose 7% to close at 18.86 yuan; considering that the entry tolerance has a limited impact on the overall catering industry, so this kind of stocks has risen a bit, and you should pay attention to following the trend.
Maersk throws depth charges on shipping stocks
In the rising market, shipping stocks all performed well, and several stocks of COSCO Group rose 2% to 4% respectively. It should be noted that Soren Skou, CEO of Maersk, the world’s largest shipping company, said last week that the “long whip effect” has hit Taiwan’s container shipping stocks hard. The long-whip effect of shrinking demand and increasing supply”, the industry turnaround may occur in August, he said that Taiwan’s shipping stocks have been under great pressure, and the local so-called “three heroes of containers”, including Evergreen and other stocks, have fallen. In contrast, Local shipping companies feel much calmer regarding this depth bomb, and investors who have gotten Taiwan stock commentators a little confused regarding Hong Kong shipping stocks can be so calm.
Lu Yuren was afraid that he was not calm, but that his reaction was only half a beat.
Hitoshi Rikuha
