【法国兴业证券(香港)】法兴牛熊证日志-251201（3页）.pdf

1、按此以網頁開按此以網頁開啟啟2025年12月1日(星期一)法興牛熊日誌法興牛熊日誌:恒指反彈上試恒指反彈上試50天線，留意法興恒指牛天線，留意法興恒指牛68856/69257及熊及熊55738/55040恒指牛熊證發行人積極指標恒指牛熊證發行人積極指標恒指恒指 HSI上日收市價:25,858.89-87.04(-0.34%)牛熊證街貨變化相對期指張數恒指近日反彈於20天及50天線約26,200點附近受阻，交投逐漸萎縮，反映短期觀望氣氛濃厚，後市仍未見明確方向，宜審慎部署技術反彈。如看好恒指可留意牛證68856，收回價25,648點；也可留意收回價較低的牛證69257，收回價25,478點。相反

2、，如看淡可留意熊證55738，收回價26,448點；也可留意收回價較高的熊證55040，收回價26,648點。收回價收回價(距現貨價距現貨價)價格價格($)槓桿槓桿(x)55045 恒指(熊)26,500(+457.03)0.05547.455738 恒指(熊)26,448(+405.03)0.05052.155956 恒指(熊)26,400(+357.03)0.04854.355044 恒指(熊)26,360(+317.03)0.04360.669258 恒指(熊)26,348(+305.03)0.04360.662487 恒指(熊)26,328(+285.03)0.04065.155736

3、 恒指(熊)26,300(+257.03)0.03672.355998 恒指(熊)26,268(+225.03)0.03378.968868 恒指(熊)26,248(+205.03)0.03281.462443 恒指(熊)26,228(+185.03)0.03086.8恒指現貨價:26,042.97+184.08(+0.71%)69209 恒指(牛)25,848(-194.97)0.03281.468854 恒指(牛)25,768(-274.97)0.04065.169251 恒指(牛)25,728(-314.97)0.04557.968511 恒指(牛)25,716(-326.97)0.04

4、557.962863 恒指(牛)25,708(-334.97)0.04262.068856 恒指(牛)25,648(-394.97)0.05151.168157 恒指(牛)25,608(-434.97)0.05448.269253 恒指(牛)25,598(-444.97)0.05646.568469 恒指(牛)25,578(-464.97)0.05844.962709 恒指(牛)25,548(-494.97)0.05944.1編號編號相關資相關資產產收回價收回價(距現貨價距現貨價%)行使價行使價到期日到期日換股比率換股比率價格價格($)槓桿槓桿(倍倍)68511恒生指數(牛)25,716.00

5、0(1.26%)25,616.00029/11/202810,000.0000.04557.962487恒生指數(熊)26,328.000(1.09%)26,428.00030/12/202710,000.0000.04065.168542阿里巴巴(牛)150.000(4.09%)148.50026/10/2026500.0000.01916.554644阿里巴巴(熊)165.000(5.50%)166.50031/10/2028500.0000.01817.462826泡泡瑪特(牛)190.800(12.80%)183.80026/08/2026500.0000.0765.861080泡泡瑪

6、特(熊)240.000(9.69%)247.00029/12/2028500.0000.0508.855840騰訊(牛)596.000(3.40%)593.00030/06/2026500.0000.05622.068098騰訊(熊)635.000(2.92%)638.00028/12/2028500.0000.03733.468506美團(牛)95.500(5.54%)93.00029/07/2026100.0000.09211.061717美團(熊)108.000(6.82%)110.50029/12/2028100.0000.08112.568514快手科技(牛)63.800(6.86%