He Ji
Hong Kong shares rebounded technically on Monday, with the HSI rising to nearly 22000 points at the highest level and closing at 21913 points near the all-day high, up 489 points on a daily basis, with a turnover of HK $59.85 billion. The turnover of warrants returned to the 10 billion mark, reaching HK $11.4 billion, accounting for nearly 19.1% of the market turnover; The transaction of Bull and Bear Securities also continued to be active, reaching HK $5.38 billion, accounting for 8.99% of the market transactions.
Weng Shiquan, executive director of the retail derivatives department of France and Pakistan, pointed out that mainland bancassurance stocks rose in an all-round way on Monday, including the Industrial and Commercial Bank of China (601398) (01398. HK) share price improved, rising for two consecutive days. Its A share and H share prices rose 3.54% and 3.91% respectively on Monday. The H share price returned to the level of HK $5.32 of Ten Antennas, and the transaction of warrants also became more active. The transaction volume exceeded HK $500 million, accounting for 4.5% of the transaction in the warrant market, up about 1.4 percentage points from the previous trading day.
The street volume of ICBC warrants has also grown steadily in the past few days. On Friday, the single day street volume increased by nearly 46 million, which is the most significant increase in street volume among many share warrants. Investors who continue to be bullish on mainland bank shares can consider the actively traded ICBC subscription certificate 7831, with an exercise price of HK $5.2, expiring in December 2009. The actual leverage is about 2.8 times, and the volume of street goods is 15%. Yesterday, it closed at HK $0.109.
Among the insurance stocks with the same overall upward share price China Life (601628) was the most outstanding. Its A shares and H shares also rose by more than 5% on Monday. Guoshou's H shares rose to the highest level of HK $27 and ended slightly softer at HK $26.95. In terms of warrants, Guoshou Warrant was the highest trading hub on Monday, with a turnover of more than HK $2.5 billion, accounting for 22% of the warrant market turnover, surpassing the Hang Seng Index and rising by more than 7.6 percentage points over the previous trading day.
However, the stock volume of Guoshou subscription certificates has continued to decline in the past week, with a total decrease of 440 million, reflecting that many investors are gradually selling and leaving the market to stop losses first. Investors who are optimistic about Guoshou can consider the highest transaction of Guoshou subscription certificate 3427, with an exercise price of HK $28.88, which expired in December 2008. The actual leverage is 5 times, and the street goods volume is 12%. Yesterday, it closed at HK $0.26.
