• support@capitalstreetfx.in     0124.400.4440

About Us

Capital Street Inter markets Limited is a Global Business Company (GBC1) incorporated and regulated by the Financial Services Commission, Mauritius. It is fully licensed and regulated by the FSC Mauritius, as a Full Services Investment Dealer....

Contact Info

  • 9th Floor, Ebene Tower, 52 Cybercity Ebene, Republic of Mauritius

  • +1-949-335-4314

  • support@capitalstreetfx.in

  • Sunday: Closed


    • Home
    • News
18:48 IST

Hang Seng futures are currently trading at 26145-lower by 1.04% as compared to the previous closing price. The contract closed in the negative territory in the last trading session also.

In the Cash Markets, the Hang Seng index lost 0.52% to close at 26,312.63 on Friday. It was the benchmark’s lowest closing level since 5th December.

The index dropped today, dragged down by energy and healthcare stocks. Consumer stocks, however, advanced today due to bargain-hunting, as they were battered by a recent selloff amid coronavirus fears.

The Hang Seng index fell 5.9% for the week. The benchmark index posted a second straight weekly loss this week.

The Hang Seng China Enterprises Index lost 0.82% to close at 10,240.51 on Friday. For the week, the index was down 6.70%. The HSCE also notched a loss for the second consecutive week.

Hong Kong’s offshore Yuan overnight rate jumped to 4.9355 indicating a tight supply of Yuan and Hong Kong’s currency.

In the Asian financial hub, energy shares declined by 1.5%, while healthcare shares lost 1.6%. Cyclical consumer counters added 0.4%.

Top losers in the index include- China Petroleum & Chemical Corp (fell 2.4%), CSPC Pharmaceutical Group Ltd (declined 2.3%) and China Shenhua Energy Co Ltd (dropped 1.9%) on Friday.

Top gainers in the index include- Sands China Ltd (surged 1.6%), Shenzhou International Group Holdings Ltd (rose 1.0%) and Techtronic Industries Co Ltd (advanced 0.6%).

Official data released on Friday showed that Home prices in Hong Kong fell 1.7% in December due to a gloomy economic outlook. Meanwhile, Hong Kong private home prices snapped a five-month decline in November, by rising 1.9%.

On the technical front, the RSI is currently at 23.05% and suggests that the market can move in the downward direction. The current price is below the MA5. The current price is below the lower band of the Bollinger bands and is heading downwards.

Overall Bias is Negative and short-term trades can be initiated with tight Stop Loss and Take Profit targets. This trade can remain valid until Monday.


Trade Suggestion- Limit Sell At 26170 Take Profit At 26050 Stop Loss At 26230

Leave a Reply

Your email address will not be published. Required fields are marked *

Hi Please share contact detail & write any comments below, our team will try to call soon.