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港股衍生品一周市场观察2026.6.15

香港智远权证网2026年6月15日 00:00
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1、一周市场概况

港股恒指延续震荡格局,周累计下跌0.98%,收报24718.10点。全周走势呈现"先抑后扬"特征:周初受美国5月非农就业数据超预期引发加息预期升温影响,恒指连续三个交易日下挫,周四逼近24200点关键支撑位;周五在市场超跌反弹及大金融板块带动下,恒指单日回升1.93%,收复部分失地。蓝筹股表现极端分化,建滔积层板以32.82%的周涨幅领跑,天数智芯、鸣鸣很忙涨幅分别达28.78%和15.69%;而AI概念股遭遇重挫,MINIMAX-W周跌28.39%,智谱、舜宇光学科技跌幅均超12%。消息面上,鸣鸣很忙、智谱、天数智芯等调入港股通标的,为相关个股带来增量资金。整体来看,港股在外部利率环境变化与AI板块估值修正的双重压力下,市场情绪维持谨慎,资金在硬科技与高股息防御资产间快速轮动。

外围市场方面,美股三大指数全周小幅收涨。美国5月非农就业新增17.2万人远超预期的8.8万人,强化美联储加息预期,纳指当日暴跌4.18%,费城半导体指数重挫超10%。此外,SpaceX于6月12日正式上市,募资规模约750亿美元,成为当年全球最大IPO,引发市场对科技板块资金分流的担忧。地缘政治方面,美伊关系出现反复,油价维持高位,进一步压制风险偏好。全周市场在"加息预期升温"与"AI产业趋势未改"的博弈中宽幅震荡。

A股三大指数涨跌互现,市场呈现显著的"高低切换"特征。消息面上,证监会主席吴清强调遏制公募基金"赌押赛道、风格漂移"顽疾,引导资金回归价值投资;同时,未来一周沪市近200家公司实施2025年度分红,合计金额919亿元,为市场提供流动性支撑。

2、恒指牛熊证资金流

过去5日,恒指牛证合计约1.8亿港元资金净流入;恒指熊证则合计约7573万港元资金净流出套现。街货分布方面,恒指牛证街货占比约52.4%,分布在收回价23900点至24500点之间,累计相当约1997张期指合约;恒指熊证街货在收回价25000点至25400点之间,累计相当约1018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,阿里巴巴好仓录得约6834万港元资金净流入,为最大资金流入标的,中芯国际、宁德时代和港交所相关好仓也分别录得约3443万、2212万以及2087万港元资金净流入部署;建滔积层板、建滔集团和建设银行等相关好仓则分别录得约4376万、1258万及708万港元资金净流出套现。

 

淡仓(认沽证及熊证)方面,近5日合计,腾讯、泡泡玛特和建滔积层板等相关淡仓分别约1313万、569万及355万港元资金净流入部署;小米、联想集团和阿里巴巴等相关淡仓则分别约3237万、462万以及353万港元资金净流出。

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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