港股盤前資訊摘要及分析

恒生指數收市表現

根據最新數據，恒生指數昨日收市價為24,148.07點，較前一日上升260.24點，升幅為1.09%1。恒指成功重返24,000點關口，結束連續三日下跌的走勢2。

美國HSI ADR表現

美國恒生指數ADR昨日收市價為21,229.495點，下跌165.645點，跌幅0.77%3。主要ADR成分股表現如下：

• 友邦保險：35.0美元（折合68.6港元），跌幅0.10%4
• 匯豐控股：61.6美元（折合96.7港元），升幅0.43%4
• 阿里巴巴：108.0美元（折合106.0港元），跌幅0.97%4
• 騰訊控股：64.0美元（折合502.2港元），跌幅0.45%4
• 美團：31.0美元（折合121.7港元），跌幅0.43%4

牛熊證重貨區分析

根據最新牛熊證街貨分佈圖，牛熊證比例為32.3%：67.7%（牛證：熊證）5。主要重貨區如下：

熊證重貨區：

• 23,600-23,699：街貨量801.72百萬份，相當於1,560.09張期指
• 23,500-23,599：街貨量718.62百萬份，相當於1,319.06張期指
• 23,400-23,499：街貨量425.91百萬份，相當於851.82張期指5

牛證重貨區：

• 24,600-24,699：街貨量327.66百萬份，相當於655.32張期指
• 24,500-24,599：街貨量312.54百萬份，相當於594.84張期指5

即時期貨價格

恒生指數期貨7月合約：

• 即時價格：24,084點，下跌165點，跌幅0.68%6
• 開市價：24,259點
• 最高：24,295點，最低：24,020點6
• 成交量：74,887張，未平倉總數：128,151張6

美國債息走向

美國10年期國債債券收益率目前處於4.25%水平7。根據最新分析，市場預期美聯儲可能在下半年漸進式減息，主要取決於美國就業市場趨勢8。債券利率與債券價格呈反比關係，當利率上升時，債券價格下跌；利率下降時，債券價格上漲9。

港股開市前競價時段重要資訊

開市前競價時段時間安排：

• 輸入買賣盤時段：上午9:00-9:1510
• 不可取消時段：上午9:15-9:2010
• 隨機對盤時段：上午9:20-9:2210
• 暫停時段：上午9:22-9:3010

技術分析及價格走勢

恒指技術面分析：

• 技術指標顯示「強力買入」信號，RSI(14)為60.48611
• 移動平均線全面呈現買入信號，MA5、MA10、MA20均顯示支撐作用11
• 重要支撐位關注18,200點水平1213

AASTOCK 7200、7500 ETF表現：

• 7200 FL二南方恆指：上日收市價5.300港元，跌幅1.23%14
• 7500 FI二南方恆指：收市價2.19港元，跌幅2.24%15

最新市場動態

穩定幣概念股表現突出：

• 國泰君安國際(01788)大升28%，成交達128.2億元2
• 眾安在線(06060)升3%2
• 耀才(01428)升15%2

北水資金流向：
昨日北水吸資3.9億元，主要流入阿里巴巴（14.1億元）及美團（11.3億元），而盈富基金及騰訊分別錄得9.8億及6.2億元淨流出2。

關稅政策影響：
美國總統特朗普簽署行政命令，將「對等關稅」實施時間從7月9日延後至8月1日，為港股帶來正面情緒16。

投資建議

基於當前市場環境和技術面分析，恒指在24,000點上方獲得支撐，短期內可關注24,500-25,000點阻力區域。投資者應留意美國經濟數據公佈對港股的影響，特別是就業數據和通脹指標8。

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