Hong Kong stocks to complete a single day adjustment of the material in the short term still build good

Xinhua Beijing, May 19, according to the Hong Kong "Wen Wei Po" reported that the first quarter of Hong Kong's economy was worse than expected, and with the weakness of the Japanese stock markets, stocks fell at the beginning of the opening and fell about 450 points, but the stock markets in the afternoon with the mainland a-share rebound, closed up 232 points, weighing 17,000 points, 17,022 points, the daily volatility of up　　is a few recent large-scale fluctuations, the transaction rebounded on 66.3 billion yuan. However, the month refers to a substantial low water 173 points. The city repeatedly, the funds have been showing signs, Hong Kong exchange 18th Low see 7.7545, the lowest level since March 12.　　However, JPMorgan has sung good Hong Kong stocks, with the target of HSI at the end of this year up from 19.28% to 19,800 from the 16,600 points forecast at the beginning. The securities industry refers to the completion of the adjustment of Hong Kong stocks in one day, and a firm 17,000 points, so that many friends fell below the glasses, lost a lot of money.　　He pointed out that at present, the market has repeatedly, although the transaction is not very high, so that the rally of the city has no worries, but the dollar is weak, so that funds to Hong Kong speculation, investors should not be "vindictive", do not short.　　Ban, a co-director of Prudential Securities Asset Management, said Hong Kong stocks in the afternoon to reverse the weak, from the fall to rise, and regained 10 antennas, he material stocks short-term will continue to be affected by capital inflows, but the big city can be a 250-day Bull Bear demarcation Line (17,237 points), the market is concerned. In the past, Hong Kong exchange, which has been trying to be a hero, fluctuated on 18th, when the Hong Kong dollar fell to 7.7545 in the early afternoon, the lowest level since March 12, showing signs of cash flow.　　It subsequently recovered to HK $7.7519 as the city stabilised, but was still about 0.02% per cent lower than the end of the Asian trading session in Friday.　　Hong Kong stocks rebounded from the low 11,344 point on March 9 to now more than 2 months, the cumulative 50% increase, the market has been discussing whether the bull return, or just bear market rebound, so the index on the line of the cattle and bear, the trend of the market attention. Shen Qinghong, the head of BMI fund management, pointed out that the average investor would see 250 antennas as the line of cattle and bear, but the analysis was not objective. To confirm the return of the bull market, the 50-day line must rise to break 250-day line, the "Golden Cross".　　At present, the 50-day line has more than 3,000 points from the 250-day line, the gold cross is difficult to appear in the short term, even if the Hang Seng index is above 250 days, the bull market is temporarily not confirmed. In addition, the pick-up in the big city over half of the bear market decline is another measure to confirm the return of the bull market, that is, it must rise at least 21,400 points before it can be said to be a bull market.　　However, Shen Qinghong that the bear market has bottomed out, now Hong Kong stocks are likely to be in the "bear market bottom, bull market" transition time, future trend will continue to fluctuate. However, the company sings good Hong Kong stocks, referring to the market's recovery in the economic and corporate performance expectations, the valuation of Hong Kong stocks will gradually rise to normal level, equal to the long-term average market rate of 1.8 times times. At the end of this year, the HSI target was raised from the 16,600 point forecast at the beginning to 19,800 points, up 19.28%.