【法国兴业证券(香港)】法兴牛熊证日志-251205（3页）.pdf

1、按此以網頁開按此以網頁開啟啟2025年12月5日(星期五)法興牛熊日誌法興牛熊日誌:恒指區間反覆待變，留意法興恒指牛恒指區間反覆待變，留意法興恒指牛68535/59219及熊及熊55998/55045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:25,935.90+175.17(+0.68%)牛熊證街貨變化相對期指張數恒指昨日自短期區間底約25,600點附近反彈，惟反彈至接近26,000點附近再次受阻，反映靠近20天及50天線約26,200點附近料沽壓不輕，短期後市料維持區間上落的機會較大。如看好恒指可留意牛證68535，收回價25,348點；也可留意收回價較低的

2、牛證59219，收回價25,158點。相反，如看淡可留意熊證55998，收回價26,268點；也可留意收回價較高的熊證55045，收回價26,500點。收回價收回價(距現貨價距現貨價)價格價格($)槓桿槓桿(x)55044 恒指(熊)26,360(+510.71)0.05447.969258 恒指(熊)26,348(+498.71)0.05646.262487 恒指(熊)26,328(+478.71)0.05447.955736 恒指(熊)26,300(+450.71)0.04952.869631 恒指(熊)26,288(+438.71)0.05249.755998 恒指(熊)26,268(+

3、418.71)0.04656.269942 恒指(熊)26,218(+368.71)0.04261.555398 恒指(熊)26,200(+350.71)0.04458.754943 恒指(熊)26,158(+308.71)0.04064.655408 恒指(熊)26,078(+228.71)0.03378.3恒指現貨價:25,849.29-86.61(-0.33%)69613 恒指(牛)25,558(-291.29)0.04458.762709 恒指(牛)25,548(-301.29)0.04458.769913 恒指(牛)25,528(-321.29)0.04853.968846 恒指(牛

4、)25,508(-341.29)0.05051.769257 恒指(牛)25,478(-371.29)0.05348.868160 恒指(牛)25,458(-391.29)0.05547.069616 恒指(牛)25,438(-411.29)0.05745.362865 恒指(牛)25,400(-449.29)0.06043.168849 恒指(牛)25,388(-461.29)0.06341.068535 恒指(牛)25,348(-501.29)0.06838.0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)6

5、9613恒生指數(牛)25,558.000(1.13%)25,458.00028/07/202810,000.0000.04458.755398恒生指數(熊)26,200.000(1.36%)26,300.00030/03/202810,000.0000.04458.769636小米集團(牛)40.000(6.19%)39.60024/07/2026100.0000.00012.254885小米集團(熊)44.000(3.19%)44.40028/12/2028100.0000.01725.168131阿里巴巴(牛)148.000(3.58%)146.50028/09/2026500.0000

6、.01619.254644阿里巴巴(熊)165.000(7.49%)166.50031/10/2028500.0000.02313.369254港交所(牛)390.000(3.47%)388.00029/04/2026500.0000.03622.455993港交所(熊)430.000(6.44%)432.00028/12/2028500.0000.05415.067891騰訊(牛)585.000(3.78%)582.00024/02/2026500.0000.06119.968098騰訊(熊)635.000(4.44%)638.00028/12/2028500.0000.04825.3699