In today’s briefing:
- Hong Kong Buybacks Weekly (Dec 13th): Tencent, AIA, Kuaishou Technology
- EQD | NIFTY at a Fork: Is the Rally Over? or Can It Stretch for 3 More Weeks?
Hong Kong Buybacks Weekly (Dec 13th): Tencent, AIA, Kuaishou Technology
- We analyze statistics on top repurchases over one week, one month, one quarter and one year periods ended on Dec 13th based on HKEx daily reports.
- In the past 7 days, the top 3 companies that repurchased the most shares from the market were Tencent (700 HK), AIA (1299 HK), Kuaishou Technology (1024 HK).
- In the past 30 days, the top 3 companies that repurchased the most shares from the market were Tencent (700 HK), AIA (1299 HK), Kuaishou Technology (1024 HK).
EQD | NIFTY at a Fork: Is the Rally Over? or Can It Stretch for 3 More Weeks?
- The NIFTY Index has been rallying more than 5% since its bottom 4 weeks ago. However the index has not returned to its all time high (26277).
- Our models indicate that the index is starting to be overbought, but is not yet super-overbought, so the question is: will it continue higher? Or will it pullback soon?
- This coming week will be crucial to sustain momentum and possibly accelerate, our models say that when this pattern is encountered the index can rally up to 7-8 weeks.
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