【法国兴业证券(香港)】法兴牛熊证日志-251204（3页）.pdf

1、按此以網頁開按此以網頁開啟啟2025年12月4日(星期四)法興牛熊日誌法興牛熊日誌:恒指恒指50天線受阻，留意法興恒指牛天線受阻，留意法興恒指牛68171/55826及熊及熊54943/55044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:25,760.73-334.32(-1.28%)牛熊證街貨變化相對期指張數恒指昨日顯著調整，反映20天及50天線約26,200點附近沽壓不輕，由於近期觀望氣氛濃厚，交投萎縮，短期後市料維持區間上落的機會較大，波幅範圍在25,700點至26,200點之間。如看好恒指可留意牛證68171，收回價25,308點；也可留意收回價較低的

2、牛證55826，收回價25,108點。相反，如看淡可留意熊證54943，收回價26,158點；也可留意收回價較高的熊證55044，收回價26,360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(+616.71)0.06440.269258 恒指(熊)26,348(+604.71)0.06738.462487 恒指(熊)26,328(+584.71)0.06241.555736 恒指(熊)26,300(+556.71)0.05943.669631 恒指(熊)26,288(+544.71)0.05943.655998 恒指(熊)26,268(+

3、524.71)0.05646.069942 恒指(熊)26,218(+474.71)0.05249.554943 恒指(熊)26,158(+414.71)0.04952.569946 恒指(熊)26,038(+294.71)0.03671.554942 恒指(熊)26,000(+256.71)0.03378.0恒指現貨價:25,743.29-17.44(-0.07%)68846 恒指(牛)25,508(-235.29)0.04064.469257 恒指(牛)25,478(-265.29)0.04359.968160 恒指(牛)25,458(-285.29)0.04557.269616 恒指(牛

4、)25,438(-305.29)0.04754.862865 恒指(牛)25,400(-343.29)0.05051.568849 恒指(牛)25,388(-355.29)0.05249.568535 恒指(牛)25,348(-395.29)0.05745.268171 恒指(牛)25,308(-435.29)0.06142.255990 恒指(牛)25,278(-465.29)0.06142.268471 恒指(牛)25,228(-515.29)0.07036.8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、9913恒生指數(牛)25,528.000(0.84%)25,428.00028/09/202810,000.0000.03769.669946恒生指數(熊)26,038.000(1.14%)26,138.00030/03/202810,000.0000.03671.568131阿里巴巴(牛)148.000(3.58%)146.50028/09/2026500.0000.01619.254644阿里巴巴(熊)165.000(7.49%)166.50031/10/2028500.0000.02313.358359美團(牛)93.500(4.10%)91.00030/06/2026100.0000

6、.07413.254950美團(熊)105.000(7.69%)107.50027/12/2028100.0000.08911.069239小米集團(牛)39.000(5.52%)38.60028/08/2026100.0000.03312.555713小米集團(熊)43.000(4.17%)43.40027/12/2028100.0000.02020.669254港交所(牛)390.000(3.32%)388.00029/04/2026500.0000.03523.155993港交所(熊)430.000(6.59%)432.00028/12/2028500.0000.05514.759939