Tuesday, June 22, 2010

恒指大升散戶不悅

恒指於上周五錄八連升,由19,378點起步,累升4.6%,大家以為股市怎會長升長有,總要跌些少,怎知中國人民銀行在G20會議舉行前夕,揀上周末主動彈出來,話要進一步推進人民幣匯率形成機制改革,增強人幣匯率彈性,實行讓美國政府高官笑逐顏開,就算最終只是內地政府出口術,美國政府高官也好向其國民交代,自己如何努力促使內地政府將人幣匯價彈性增加,意味有升值可能。

距離7月21日還有一個月,就是內地實施人幣匯率改革的5周年紀念大日子。人行先向預期會一次性升值的市場評論員潑冷水,否認像5年前即時升值2.1%般,重申按市場供求做基礎,但又要提防炒賣,還提到勞動力、資源和土地成本上升影響出口,故人幣匯價大幅上升,可能只是奢望。但人行話要加大進口力度、便利資金「走出去」,意味在內地做進口生意,以及經營人幣業務的銀行及金融機構,相信多少會受惠。

港股有好消息跟尾,自然錄九連升,恒指一日間便迫近21,000點,大漲3%,當然兩隻龍頭重磅股滙豐控股(005)和中國移動(941)要分別擺脫歐債危機和競爭弱勢,齊齊發力方可帶動恒指向上,而炒人幣受惠股的6隻藍籌中資金融股便推高恒指209點,而兩隻內地龍頭石油股亦幫手貢獻60點所致。

值得注意的是,中國移動(941)收市後指,5月新增流動通訊客戶476.9萬名,數目連跌兩個月,比4月新增數目減少達55.7萬名,而直至5月底用3G手機的客戶為932萬名,較4月增長91.7萬名,但用3G手機不代表用3G服務,務必小心。不過,中國聯通(762)於上周五已指,5月新增3G客戶102萬名,比4月新增客戶還多34萬名,表現明顯勝中移動,究竟是蘋果(Apple)的iPhone威力,抑或是推出低收費計劃,谷客成功呢?聯通股價全日大漲9%,至10.48元收市,輕易成為藍籌升幅之冠。

另一競爭對手中國電信(728)亦指,5月新增流動通訊客戶數目302萬名,較4月新增客戶數目僅略降。面對兩名對手夾擊,中國移動上客可能也受到影響,競爭力會否遭進一步被削弱,需多加觀察,而該股昨日跟勢上升1.5%,惟基本因素卻有惡化趨勢。

儘管大市揚升,禤中怡昨往股票行,探望投資界朋友,只見全場鴉雀無聲,以為走入圖書館,皆因人人神色凝重,未見有熱鬧歡欣氣氛。無他,大價和藍籌股飛升,但未必人人買中,或者炒該類股份,畢竟這類股份入場成本非輕,甚至有些散戶專攻細價股和消息股為主,故人民幣匯價變化消息,著實對其投資組合影響不大。

例如正以每股0.2元配售新股的中國科技(985),雖然聲稱投資者提出參與認購金額逾10億美元(約78億港元),但股價溢價幅度始終過巨,昨低見0.32元,收市仍暴挫29.4%,至0.335元,比配股價溢價仍達67.5%,成交額逾1.2億元。

當然,有中國這條大水喉泵水,若增加進口,其他國家也會受惠,市況氣氛改變,內地和亞洲股市齊升,為基金半年結的櫥窗粉飾得美輪美奐,相信份成績表不會太失禮。

(6月22日刊於《am730》)

4 Comments:

At 8:24 AM, Blogger oakleyses said...

air max, burberry outlet, true religion jeans, louboutin, louis vuitton outlet, louboutin, ray ban sunglasses, tiffany and co, coach outlet store online, oakley sunglasses cheap, christian louboutin shoes, longchamp outlet, louis vuitton, true religion jeans, tory burch outlet, kate spade outlet, kate spade handbags, oakley sunglasses, jordan shoes, polo ralph lauren outlet, louis vuitton outlet, louis vuitton handbags, coach outlet, prada outlet, ray ban sunglasses, chanel handbags, michael kors outlet, longchamp handbags, michael kors outlet, oakley sunglasses, nike shoes, air max, coach purses, michael kors outlet, longchamp handbags, louis vuitton outlet stores, nike free, prada handbags, coach factory outlet, gucci outlet, tiffany and co, louboutin outlet, michael kors outlet, polo ralph lauren outlet, michael kors outlet, burberry outlet, michael kors outlet

 
At 8:30 AM, Blogger oakleyses said...

abercrombie and fitch, hollister, sac burberry, sac hermes, nike free pas cher, michael kors, sac guess, timberland, nike free, lululemon, new balance pas cher, true religion outlet, sac louis vuitton, mulberry, louis vuitton uk, longchamp, nike roshe, vans pas cher, air max, louboutin, vanessa bruno, nike blazer, hollister, air force, ray ban pas cher, true religion outlet, north face, oakley pas cher, hogan outlet, nike trainers, nike tn, air jordan, sac louis vuitton, polo lacoste, louis vuitton, air max pas cher, michael kors pas cher, michael kors, polo ralph lauren, sac longchamp, converse pas cher, ralph lauren, nike roshe run, barbour, nike air max, air max, north face, ray ban sunglasses

 
At 8:38 AM, Blogger oakleyses said...

marc jacobs, soccer shoes, abercrombie and fitch, hollister, asics running shoes, canada goose, ugg boots, nfl jerseys, reebok outlet, herve leger, ugg, north face outlet, mont blanc, longchamp, insanity workout, canada goose uk, chi flat iron, babyliss pro, ugg pas cher, ugg australia, canada goose jackets, mcm handbags, canada goose, wedding dresses, new balance shoes, mac cosmetics, soccer jerseys, celine handbags, birkin bag, p90x, ferragamo shoes, valentino shoes, nike huarache, beats by dre, ghd, instyler, jimmy choo outlet, lululemon outlet, bottega veneta, canada goose, rolex watches, canada goose outlet, vans shoes, nike roshe run, moncler, ugg boots, north face jackets, uggs outlet, giuseppe zanotti

 
At 8:52 AM, Blogger oakleyses said...

louboutin, moncler outlet, juicy couture outlet, iphone 6 cases, hollister, moncler, karen millen, oakley, baseball bats, wedding dresses, ray ban, gucci, canada goose, ralph lauren, canada goose, swarovski crystal, hollister clothing store, moncler, air max, converse, pandora jewelry, juicy couture outlet, rolex watches, moncler, supra shoes, moncler, pandora charms, ugg, vans, toms shoes, links of london, pandora charms, air max, timberland boots, parajumpers, hollister, thomas sabo, louis vuitton, montre homme, coach outlet store online, lancel, ugg, swarovski, moncler, converse shoes

 

Post a Comment

<< Home