Industrial Securities: Hong Kong Stock Market Sentiment Index Hits Bottom Zone

Stock News
Yesterday

Industrial Securities Co., Ltd. has released a strategy report stating that its proprietary Hong Kong stock market sentiment indicator suggests the market has entered a range that warrants close attention. As of this Friday, the Hong Kong stock sentiment index dropped more than 24.5% week-over-week to 39.9%, returning to levels last seen at the low on December 19 of the previous year and falling below the rolling one-year average by 1.5 standard deviations. Among contributing factors, the five-day moving average of the short-selling ratio rose to 17.5% during the week, reaching the 93rd percentile of the past year's range. This, combined with declines in the RSI, the proportion of Hang Seng Index constituent stocks hitting 60-day highs, and the trading share of small and mid-cap stocks, contributed significantly to the weakening sentiment.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10