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《收市總結》港股高開低走報22565點國策股起動盈富基金成交增 @ 2014-04-03T19: Back Hot News
Keyword:港股 鐵路
Concept:港股22700 , 半日成交384億元
港股自3月下旬以來的這一輪反彈中,恆指上漲6%,國指上漲10%,更為強勁。中國經濟政策的一些正面憧憬、銀行地產等一些藍籌板塊的估值修復以及企業盈利是主導的主要因素。藍籌權重股的反彈帶動:水泥、煤炭、金融、石油、電信等,而醫藥、互聯網等成長類股票則兌現獲利,出現回檔。不過,前期調整明顯的部分個股如互聯網、博彩股份近兩日也有較強勁的反彈。往前看,我們認為中國經濟的下行風險依然存在,3月兩項PMI繼續背離,但整體並不算樂觀。隨著開工的逐漸復蘇,上游如煤炭、水泥、鋼鐵等原材料價格可能有所反彈,但持續性並不強。政策預期方面,央行媒體前兩日否定了會下調准備金率的可能性,公開市場上連續7周資金淨回籠資金,並未放松流動性。但政府也釋放出在保障房建設特別是棚戶區改造、加快中西部鐵路、公路、水利等基建,仍鼓勵互聯網等新興服務業健康發展等正面的政策信號,因此經濟增速下行空間並不顯著。內地繼企業債違約事件後,近期出現首起私募債違約事件。在信托、企業債到期高峰逐漸臨近下,信用違約風險將繼續對市場產生影響。

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