每日港股盤前資訊摘要及分析

恒生指數收市價

香港恒生指數昨日錄得強勁表現，收市報24,474.67點，上升297.60點或1.23%12。全日成交額達1,056.959億元3。當日交易區間為24,287.86至24,533.39點32，反映市場活躍度較高。

開市價為24,327.82點34，最終收市較開市進一步上升，顯示市場全日保持買盤支撐。52週高位為24,874.39點，52週低位為16,441.44點32，現時指數已處於相對高位。

美國HSI ADR收市價

美國恒指ADR現價為24,339點，較上一交易日下跌136點或0.56%5。ADR折合港元與香港現貨存在一定溢價差異，需關注兩地市場的聯動性。

主要香港成份股在美國ADR市場表現參差，其中友邦保險ADR報30.7美元，換算港元59.7元，較香港升0.56%；滙豐控股ADR報59.9美元，換算港元93.2元，較香港升4.42%6。

牛熊證重貨區分析

根據最新牛熊證街貨分佈數據，現時牛熊證比例約為64.5%牛證對35.5%熊證7。

主要重貨區位置：

• 24,900-25,099區間：為重要牛證重貨區，街貨量達906張相對期指8
• 24,700-24,899區間：牛證街貨量889張，為當日最多新增重貨區8
• 23,600-23,799區間：熊證重貨區，街貨量1,218張，亦為最多新增重貨區8

當前恒指收市價24,474.67點正處於主要牛證重貨區域附近，若向上突破25,000點關口將觸發大量牛證街貨，可能形成強化的上升動力78。

即時期貨價格

恒指期貨夜期現報24,300點，下跌170點或0.69%9。期貨與現貨出現低水149點的情況10，反映市場對後市偏向謹慎。

期貨未平倉合約總數為53,544張，未平倉淨數為17,800張10。夜期成交相對活躍，顯示海外投資者持續關注港股走勢。

美國債息走向

美國10年期國債收益率現報4.278%，較前一交易日下跌0.012%1112。整體美債收益率曲線表現如下：

• 2年期：3.764%（-0.015%）
• 5年期：3.846%（-0.001%）
• 10年期：4.278%（-0.012%）
• 30年期：4.828%（-0.014%）12

美債收益率普遍下跌，反映市場對聯儲局政策預期有所調整，有利風險資產表現。

港股開市前競價時段重要資訊

競價時段安排：

• 9:00-9:15：輸入買賣盤時段，可輸入競價盤及競價限價盤，允許修改或取消1314
• 9:15-9:20：不可取消時段，只能輸入新盤，不可修改或取消1314
• 9:20-9:22：隨機對盤時段，系統隨機開始配對1314
• 配對後-9:30：暫停時段，待正式開市1314

AASTOCK 7200、7500走勢

FL二南方恆指(7200)：昨日表現活躍，該槓桿ETF為恒指2倍看多產品，在恒指上升1.23%帶動下錄得較大升幅1516。成交量達187,058,400股，年初至今回報為33.38%16。

FI二南方恆指(7500)：作為恒指2倍看空產品，在恒指上升環境下承壓1718。該產品年初至今下跌41.38%，反映看空資金有所減退18。

最新動態及市場展望

港股昨日創三個月新高，四日累計上升1,236點19。地產、中資金融股表現活躍，恒隆地產升8.79%，成為領漲股份20。

市場普遍預期港股在突破24,500點阻力後，有望挑戰25,000點整數關口。牛熊證街貨分佈顯示該水平附近存在大量牛證街貨，若成功突破將提供額外動力支持。

投資者需關注美國債息走勢、中東地緣政治局勢發展，以及內地經濟數據對港股後市影響。目前技術面呈現積極信號，但需留意25,000點附近的壓力測試。

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