【法国兴业证券(香港)】法兴牛熊证日志-251203（3页）.pdf

1、按此以網頁開按此以網頁開啟啟2025年12月3日(星期三)法興牛熊日誌法興牛熊日誌:恒指窄幅整固待變，留意法興恒指牛恒指窄幅整固待變，留意法興恒指牛69257/55990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:26,095.05+61.79(+0.24%)牛熊證街貨變化相對期指張數恒指近日於20天及50天線約26,200點之下窄幅整固待變，如能重越此兩條平均線，或有機會順勢上試年內高位，惟近期觀望氣氛濃厚，交投萎縮，策略上以候低吸納為主。如看好恒指可留意牛證69257，收回價25,478點；也可留意收回價較低的牛證55990，收

2、回價25,278點。相反，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(+534.90)0.06043.355738 恒指(熊)26,448(+482.90)0.05448.155956 恒指(熊)26,400(+434.90)0.05349.055044 恒指(熊)26,360(+394.90)0.04755.269258 恒指(熊)26,348(+382.90)0.04953.062487 恒指(熊)26,328(+362.90)0.

3、04755.255736 恒指(熊)26,300(+334.90)0.04557.769631 恒指(熊)26,288(+322.90)0.04459.055998 恒指(熊)26,268(+302.90)0.03966.669942 恒指(熊)26,218(+252.90)0.04064.9恒指現貨價:25,965.10-129.95(-0.50%)69609 恒指(牛)25,688(-277.10)0.04163.368856 恒指(牛)25,648(-317.10)0.04557.769912 恒指(牛)25,628(-337.10)0.04755.268157 恒指(牛)25,608(

4、-357.10)0.04854.169253 恒指(牛)25,598(-367.10)0.05249.968469 恒指(牛)25,578(-387.10)0.05150.969613 恒指(牛)25,558(-407.10)0.05547.262709 恒指(牛)25,548(-417.10)0.05448.169913 恒指(牛)25,528(-437.10)0.05745.668846 恒指(牛)25,508(-457.10)0.06142.6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)68856恒生指數

5、(牛)25,648.000(1.22%)25,548.00030/10/202810,000.0000.04557.755998恒生指數(熊)26,268.000(1.17%)26,368.00028/02/202810,000.0000.03966.669940泡泡瑪特(牛)208.000(4.15%)201.00025/08/2026500.0000.03612.163500泡泡瑪特(熊)230.000(5.99%)237.00027/12/2028500.0000.03811.468542阿里巴巴(牛)150.000(3.23%)148.50026/10/2026500.0000.016

6、19.454644阿里巴巴(熊)165.000(6.45%)166.50031/10/2028500.0000.02015.555840騰訊(牛)596.000(3.09%)593.00030/06/2026500.0000.05223.768098騰訊(熊)635.000(3.25%)638.00028/12/2028500.0000.03931.556276港交所(牛)396.000(3.32%)394.00030/06/2026500.0000.03622.855993港交所(熊)430.000(4.98%)432.00028/12/2028500.0000.04319.158359美團