金吾财讯 | 华泰证券表示，港股市场将于10月1日和7日休市，港股通在9月29日与30日正常交易，10月1日至8日期间将暂停运行。从历史规律看港股市场呈现“节前防御-节中上涨-节后切换”的日历效应。节前南向大幅流入消费及防御板块，节中市场普涨、成长和消费板块领涨，节后当天大多回撤、风格再度切换至防御，一周内日历效应消散。虽然港股通关闭导致港美股相关性小幅上升，但内部因素重要性或依然大于外部，投资者关注重心在国内消费数据和四季度政策力度。十一假期内海外主要事件为美国非农数据及日本选举，对港股表现影响或相对有限。若参考历史经验，港股“持股过节”胜率较高，假期前保持成长和消费等板块配置，假期后短期转为防御，日历效应消散后布局重回配置主线。该机构继续推荐科技成长（科技硬件、互联网和医药）、消费（受益于现金流和周转率改善的白电等及服务型消费）和香港本地金融股。
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