Fund Flow Monitor

HK market rose more than 2% in the first week of 2017. HKmarket started off the New Year on a positive note thanks to the stabilization of the CNY. HSI climbed 502 points or 2.3% last week, while HSCEI added more than 2%. Sector momentum improved mildly with the number of sectors in the bullish zone unchanged at 7 with HK properties and Securities brokerage & investment banking entering into the strong zone. The number of sectors in the bearish zone decreased to 4 from 5 with Internet & software in the weak zone. Sectors in the bullish zone of the week were:

    (i) IT hardware, components &distribution; (ii) REITS; (iii) HK properties; (iv) Securities brokerage & investment banking; (v) Packaging, paper & printing; (vi) Industrial goods; and (vii) GEM.