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植耀輝: 投資氣氛未見改善 後市恐反覆試底
耀才證券研究部總監植耀輝稱,美股上週五表現理想,在經濟數據包括零售銷售及消費者信心優於預期,加上金融股造好,刺激三大指數造好,道指大升658點或2.15%,標普500指數及納指亦分別上升1.92%及1.79%。儘管如此,三大指數仍未能扭轉全週跌勢。道指累跌0.16%,標普500指數及納指分別下跌0.9%及1.5%。本週續有企業公布業績,當中包括高盛、Netflix、Tesla及Twitter等,表現對美股料有一定指標性。 至於港股,上週受多個負面消息影響,恆指累跌達到1,428點或6.6%,亦令全月跌幅進一步擴大至1,562點或7.1%。科指跌勢更急,一週計下跌7.7%,全月計則跌8.8%。成份股中只得4隻錄得升幅,分別是中移動(00941.HK)、港鐵(00066.HK)、電能(00006.HK)及東方海外(00316.HK),升幅介乎0.1%至4.84%不等;但除長建(01038.HK)無升跌外,其餘64隻成份股均無一倖免下跌,個別跌幅更十分驚人。表現最差之碧服(06098.HK)一週累跌達三成,碧桂園(02007.HK)亦跌26.6%,就連龍湖(00960.HK)亦大跌超過兩成。除內房股外,中資金融股亦是另一大跌板塊,平安(02318.HK)及招行(03968.HK)分別下跌11.45%及15.18%。 後市方面,大市本輪已累跌不少,故不排除會出現技術反彈,但短期大市仍充滿挑戰,特別是內房爛尾樓斷供事件對整體氣氛依然會有重大不利影響;另外內地經濟表現亦受到關注,第二季GDP表現稍遜預期,投資者亦會留意內地會否適時推出刺激措施。外圍美企業績則繼續成另一須關注事項。惟基於大市已失守20,700點支持位,下一關鍵水平亦下移至20,000點關口。只是投資氣氛未見改善下,恐怕此關口亦未必會有太大支持,後市恐維持反覆試底格局。 (筆者為證監會持牌人,持有東方海外股份) ~
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