The Hang Seng Index refreshed a new low in the past 11 years, and the Hong Kong stock company has opened a repurchase tide

Economic Observation Network reporters on Monday Fan Global's global stock market collectively settled, and the Hong Kong stock market was not spared.

On September 28, the Hang Seng Index fell 2.80%to 17360.88 points. As of the afternoon closing, the HSI reported at 17442.59 points, a closing of 2.34%, a new low since October 7, 2011; the Hang Seng Technology Index fell 2.63%to 3570.94 points.

From the perspective of the sector, real estate, technology, and financial sectors have fallen first. In terms of individual stocks, Bilibili (9626.HK), JD Group (9618.HK), and Kuaishou (1024.HK) fell 4.73%, 4.41%and 4.19%, and Baidu Group (9888.HK) fell 2.53%. Tencent Tencent Holdings (0700.HK) fell 1.64%.

Looking back at the Hong Kong stock market this year, the Hang Seng Index fell to 18235 points in March, and then rebounded. It rose to 22524 points in early April. At the end of May, the HSI exceeded 50 antennas and tried to penetrate 21,643 points in early June, but still failed to break the 22500 points, and then continued to visit.

Cinda International analyst Zhao Yanwen pointed out in recent research reports that in the second half of the year, the market re -focused on the risk of economic recession in Europe and the United States. In addition, the incident of rotten tail buildings in the Mainland dragged down the inner houses and internal banks. At the same time, the epidemic continued to repeatedly, the economic recovery was resurrected, and the policy entered the watching period. It did not further increase the growth policy to increase the short -term downward pressure of Hong Kong stocks.

"Interest rates are the" gravity of the gravity "of the asset price. As interest rates continue to increase, asset prices continue to decline in normal phenomena. When the market continues to decline and emotional collapse, investors will follow the general trend on the premise of controlling leverage. Panic, it is better to calm down which asset quality is better. "Futu Investment Research team told reporters.

It is worth noting that with the continuous low of the index, Hong Kong stock companies have opened the wave of repurchase, and at the same time, the funds south are also constantly improving the bottom. According to Wind data, in September, more than a hundred companies have repurchased HK $ 14.9 billion, and the net purchase in September of September reached 28.972 billion Hong Kong dollars. In addition, September data shows that domestic public fund products are also continuing to use Hong Kong stocks.

As the biggest stock of the Hang Seng Index, Tencent Holdings issued an announcement on September 27 that the company repurchased 1.26 million shares on the same day, with the repurchase price of HK $ 275.4-283, costing about 352 million Hong Kong dollars.

In fact, Tencent Holdings has been repurchased for 27 consecutive trading days in the near future. The cumulative repurchase of 64 times during the year has reached 64 times. The maximum value.

AIA Insurance (1299.HK), which ranked third in the Hang Seng Index, also announced on September 27 to repurchase 2.615 million shares for about 178 million Hong Kong dollars at a repurchase price of HK $ 67.9-68.6. This is the 106th repurchase of the company in the company, with a total repurchase amount of HK $ 17.015 billion.

In addition, many Hong Kong stock companies such as Weichai Power (2338.HK), Great Wall Motors (2333.HK), and Changshi Group (1113.HK) also recently announced their repurchase.

In this regard, some market participants have analyzed that repurchase shares are the active attacks of enterprises under passive conditions, and they have passed their own operating conditions and stable cash flow, which plays a role in boosting confidence. On the other hand, in the current market environment, a large amount of cash reserves in the hands of enterprises may not go better.

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