Prior to this, Hong Kong stocks continued to rise, and banks and insurance sectors in big finance performed well, but brokerage stocks remained on hold. Recently, local brokerage stocks in Hong Kong began to catch up with banking stocks and insurance stocks. 65438+1On October 22nd, the stock price of the representative Hong Kong Stock Exchange (00388, HK) hit a record high of HK$ 302.8 per share (the stock price data are ex-rights), which shows the great flexibility of brokerage stocks.
The Hong Kong stock market rose nearly 37% that month.
20 17 is undoubtedly a successful year for the Hong Kong stock market. With the Hang Seng Index hitting a record high at the beginning of 20 18, the impression of the bull market in Hong Kong stocks has become more and more popular, attracting more funds to join the transaction.
With the daily turnover of Hong Kong stock market exceeding HK$ 1000 billion more and more frequently, the market activity is bound to benefit brokers and exchanges, and the first one is the Hong Kong Stock Exchange, which can be said to be the leader of brokers.
Judging from the past historical experience, as long as the Hong Kong stock market is bullish, the stock price of the Hong Kong Stock Exchange will soar, and the speed of each rise is relatively fast. 20 15 Hong Kong stocks "big times", HKEx shares close to the HK$ 300 mark. Since 20 16, HKEx's share price has also risen slowly, which is consistent with the trend of Hang Seng Index. However, after 2065438+February 7, 2007, the share price of HKEx began to rise rapidly, from the lowest HK$ 2 18.6 to the highest HK$ 302.8, which rose nearly 37% in just over a month, setting a new record.
Galaxy international said in a research report earlier, "In the past, investors usually regarded HKEx as a traditional cyclical stock with high Beta value, and we think this view is outdated. Meitu, which was listed the year before last, Zhongan, Wen Yue and Razer, which were listed last year, are all priced at high valuations, which means that the market structure has undergone major changes. We expect that the trading volume of HKEx will usher in structural growth in the next few years. The rating rose from hold to buy. We believe that many investors have not realized that the average daily turnover has the potential for structural growth. "
Cen Zhiyong, senior strategist of South China Financial Group, said: "With the gradual increase in the turnover of Hong Kong stocks, the stock price of the Hong Kong Stock Exchange has reached more than 300 Hong Kong dollars. We believe that investors' expectation of rising investment, the full circulation of H shares and the listing policy of companies with different rights in the same share are all conducive to the increase of trading volume in Hong Kong and the performance of the Hong Kong Stock Exchange and brokerage stocks. "
The shares of local brokers may be difficult to catch up with.
Hang Seng Index keeps rising, among which banking stocks and insurance stocks have contributed greatly. H shares of HSBC Holdings, Ping An of China and several major state-owned banks have all become the active stock of Hong Kong stock market.
The local brokerage stocks in Hong Kong, which are also brokerage stocks, have also been in a depressed stock price before. However, after entering 20 18, the stocks of local brokers seem unwilling to be lonely and begin to become active.
Bright Smart Securities Finance, which also fell by 4.48% on 20 17, has risen by 39.33% on 20 18, and the stock price contrast is huge. Similar to the financial situation of Bright Smart Securities, local brokerage stocks in Hong Kong include South China Finance, Emperor Securities and First Shanghai.
It is understood that the main body engaged in securities business in the Hong Kong stock market is also complicated, and local brokers, mainland brokers and overseas banks in Hong Kong are all gathered here. However, the stocks of some mainland brokers have also begun to attack. 20 18 of citic securities rose by 27.48%, and 20 18 of Guotai junan, china galaxy and Huatai securities also performed well.
It is worth noting that there are some exceptions to the brokerage stocks of Hong Kong stocks. For example, after the CICC rose by 50% in 2065,438+07, it rose by 65,438+00% in 2065,438+08. The highest market value of Hong Kong stocks is Jinlifeng Finance, with 20 17 more than doubling and 20 18 nearly 2 1%.
Since entering 20 18, the Hong Kong stock market as a whole has shown an upward trend, and local brokerage stocks in Hong Kong have lived up to expectations and gradually become active and catch up. I believe that this is a good thing for investors who have been paying attention to brokerage stocks, providing more investment options.