Four factors make Hong Kong stock transactions continue to shrink the volume of future opportunities

Into the June, Hong Kong stocks in the relatively high level of the pattern of contraction, the HSI basically in 17,500 to 19,000 points between the box vibration finishing. From June 1 onwards, Hong Kong stocks for 4 consecutive weeks of daily turnover of 90.94 billion, 77.31 billion, 68.57 billion, 61.68 billion Hong Kong dollar, the first two trading days in the week of the daily turnover of 57.58 billion, Wednesday, Thursday modest see warmer.　　Visible, the total turnover of Hong Kong stock is on the trend of decreasing by week, the contraction of the chain is nearly 10%.　　It may be confusing to ordinary investors that the relationship between the stock market and the deal in June seems a bit confusing. The author believes that the recent continuous shrinkage of Hong Kong stocks, the reason, there should be the following factors: first of all, since March, HSI short-term cumulative increase, a stock rose, accumulated a more lucrative disk, there is an objective digestion of profit plate, in 20,000 points before the requirements of the preparation. At the same time, at the present relatively high level, the two sides naturally produce differences, shrinkage and collation is unavoidable; second, recently began to enter the IPO phase, a lot of funds to take into account the risk control factors, the transfer of new shares, the Hong Kong stock created a certain amount of capital diversion, naturally caused a decline in turnover, such as: Only Overlord (01338. HK) The sale of new shares frozen more than HK $73 billion, the distribution of new shares to market funds is very clear; third, from July onwards, entered the listing of Hong Kong listed companies semi-annual report, under the current economic environment, investors generally dare not to the listed companies expect too much of the semi-annual,　　To a certain extent, Cash's attitude prevailed; In addition, the evolution of the stock market before the end of the first half of the year was to be validated by the latest macroeconomic data and the actual economic performance, so market parties were also awaiting the latest macroeconomic data to be released in early July. It should be seen that, although the recent IPO in the initial period of the IPO to the capital of the market diversion, but the IPO, if the exchange of active, good trend, the formation of money-making effect, it is conducive to the promotion of market sentiment, the amplification volume has a stimulating effect.　　From the technical analysis, Hong Kong stock Short-term adjustment is unavoidable, but the EMA is still not bad, 60 daily average line in the vicinity of 16900 to 17,000 should have strong support, is expected to adjust the time will not be too long, callback space will not be too big. Outlook, as liquidity remains abundant, inflation expectations are increasing, coupled with the mainland's economic fundamentals to the good trend is still unchanged, so it can be expected, after short-term adjustment, Hong Kong stocks will still have a return to volume, the opportunity to regain the rally.