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[Featured Big V] Guo Jiayao: The overall market sentiment has improved, and the index is expected to challenge the resistance at 18,000 points.
Golden Finance News | Individual developments in the US stock market on Thursday, with no surprise in the performance of technology stocks, which dragged down the S&P 500 Index and the Nasdaq. Funds flowed into traditional stocks, while the Dow Jones Industrial Average hit a new historical high, and the three major indexes closed with mixed gains and losses. The US dollar strengthened, and the yield on the 10-year US Treasury bonds rose to 3.86 basis points. Gold prices retreated from their highs, while oil prices fluctuated and improved. Individual developments were seen in Hong Kong listed pre-reform securities, with expectations of little change in the overall market in the morning. The mainland stock market fell yesterday, with the Shanghai Composite Index opening and closing lower, down 0.5%, and the trading volume in the Shanghai and Shenzhen stock markets increased significantly. Hong Kong stocks performed well, and the Renminbi strengthened, buoyed by the performance of technology stocks.
Earnings Release: Here's Why Analysts Cut Their Nongfu Spring Co., Ltd. (HKG:9633) Price Target To HK$38.21
Jefferies Adjusts Nongfu Spring's Price Target to HK$30 From HK$37.40, Keeps at Hold
On August 28th, the net inflow of southbound funds was nearly 2.7 billion Hong Kong dollars: significant increase in holdings of Nongfu Spring and Anta, large outflow of Tencent.
① The southbound capital had a daily turnover of approximately 25.9 billion Hong Kong dollars. Which stocks continued to receive inflows of funds? ② Tencent's capital outflow reached 0.6 billion Hong Kong dollars. What is the short-term trend of funds?
Northbound capital flows: Net buy of 2.668 billion in CSOP Hang Seng Tech Index ETF (03033), with an additional purchase of 0.7 billion HKD. China mainland banking stocks were sold off.
On August 28th, in the Hong Kong stock market, the net purchase of Northbound funds was 2.668 billion Hong Kong dollars, of which the net purchase of Hong Kong Stock Connect (Shanghai) was 1.979 billion Hong Kong dollars, and the net purchase of Hong Kong Stock Connect (Shenzhen) was 0.689 billion Hong Kong dollars.
The three major A-share indexes have mixed gains and losses, with active duty-free shop concept stocks and a significant decline in Hong Kong stocks, and Nongfu Spring's share price has fallen by more than 10%.
The three major A-share indexes rose and fell unevenly, with the sse composite index falling by 0.4%, the shenzhen component index rising by 0.26%, and the chinext price index rising by 0.05%. The duty free shop concept stocks were active. In terms of news, five departments improved the policy of in-city duty-free shops. The Hang Seng tech index fell by 1.59% in the Hong Kong stock market, Nongfu Spring fell by over 10%, dropping to a new low since its listing, with a temporary drop of 12% during the session. The treasury futures surged at the end of the session, with the 30-year block orders contract rising by 0.32%.
Deep Sea : If Nvidia doesn’t exceed expectation, the stock price might drop to 100 and 105.
Deep Sea : Even if Nvidia meets expectation, the stock price might not rocket up further, as it is already overvalued and appreciated more than 100% this year alone.
DouGiee Deep Sea : highly likely wont hit a 4 tril market cap
Deep Sea DouGiee : True. Very scary for a stock to hit above a trillion market cap. How sustainable is it? This is the question everyone should be thinking![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
DouGiee Deep Sea : i feel that even though it has a stunning growth rate, a 3 trillion mkt cap company producing a revenue of 100 bil a year, compared to something like apple producing 400bil a year, will have a significant drop even if signs of revenue starts slowing down. my opinion is, if it doesn't hit 30 bil in revenue this time, there will be a fall of at least 10%
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