Wednesday, February 8, 2017

Fierce Surges in HKEX and HK Brokerages Setting the Pace in HK Stock Market

Hong Kong Exchanges & Clearing Ltd, HKEX(388), today surged 4.71% and the volume was 10x that of yesterday's. Hang Seng Index (HSI) edged up 0.66%, but the magnitude paled in comparison with HKEX.
From history, HKEX is the leading indicator of HSI if it can surge after a long consolidation. This time round, HKEX has consolidated well for more than a month before this big surge and it should signal the arrival of a strong uptrend going forward.
Emperor Capital (717), a brokerage with lots of insiders' recent purchases, that I introduced surged 5.8% today with 10x volume compared to yesterday's, signaling the start of a bull run ahead.
All HK listed brokerages will enjoy this belated bull run starting now. Have you parked your money in HK market yet?

Superphang
http://superphang.blogspot.sg

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