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港股衍生品一周市场观察2025.07.07

香港智远权证网2025年7月7日 00:00
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1、一周市场概况

 

7月4号当周,港股三大指数齐跌。恒生指数上周累计跌1.52%,国企指数跌1.75%,恒生科技指数跌2.34%,蓝筹股方面,全周个股涨跌不一,信义光能领涨,上周累计涨22.55%,信义玻璃涨11.07%,中国生物制药、九龙仓置业、翰森制药、金沙中国有限公司等涨幅超7%。相比之下,理想汽车表现最差,上周累计跌7.90%,阿里健康、美团均跌超7%。消息面上,外卖大战继续升级,淘宝闪购500亿补贴上线;光伏行业进行“反内卷”治理,推动落后产能有序退出;国际层面,“大而美”法案获得参议院通过,特朗普加税威胁冲击市场。

 

外围市场方面,美国三大股指上周集体收涨,标普500和纳指再创历史新高,标指上周累计涨1.72%,纳指涨1.62%,道指涨2.30%。消息面上,美参议院通过“大而美”法案;美联储称不排除本月降息可能性,将根据经济数据情况而定;美国6月非农就业数据超预期;美国与越南、印度达成贸易协定等利好因素驱动。

 

内地A股三大股指上周亦全部收涨,上证指数刷新年内新高,上周累计涨1.40%,收3472.32点,挑战3500点关口。深证指数涨1.25%,创业板指涨1.50%。6月中国制造业PMI升至50.4,重回扩张区间;政策坚持推动“以旧换新”;美国取消对华EDA出口限制等利好因素叠加推动股价上行。

 

2、恒指牛熊证资金流

 

过去5日,恒指牛证合计约1.42亿港元资金净流入;恒指熊证则合计约3559万港元资金净流出套现。街货分布方面,至上周五,恒指牛证街货占比升至约67.2%,分布在收回价23200点至23700点之间,累计相当约3691张期指合约;恒指熊证街货在收回价24000点至24700点之间,累计相当约2454张期指合约。

 

 

3、轮证一周资金流

 

好仓(认购证及牛证)方面,过去5日,阿里巴巴相关好仓录得约6947万港元资金净流入,为最大资金流入标的,美团、腾讯控股、比亚迪等相关好仓也分别约4560万、3664万、2296万港元资金净流入部署;小米集团、宁德时代、泡泡玛特等相关好仓则分别约6730万、2028万及486万港元资金净流出套现。

 

 

淡仓(认沽证及熊证)方面,近5日合计,小米集团、美团、泡泡玛特、宁德时代等相关淡仓分别约1041万、575万、465万及263万港元资金净流入部署;比亚迪、腾讯控股、招商银行等相关淡仓则分别约456万、352万、188万港元资金净流出。

 

 

 

备注:本文所注图表数据等主要参考法兴、瑞通、瑞信、麦格理等香港窝轮商网站。本文不作为投资建议,所有数据仅供参考。本文著作权乃归作者所有,任何商业转载需获作者授权,非商业转载请注明出处。

免责声明:本网站提供的信息仅供教育和参考之用,不应视为财务或投资建议。

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