恒指2025年首個交易日自20,000點心理大關顯著回落，並再次失守多條主要短期平均線，短期反覆上升走勢略為走樣，如進一步跌穿19,500點附近支持，或順勢考驗19,000點關口。
如看好恒指可留意牛證62419，收回價19248點；牛證63038，收回價19348點；認購證28438，行使價23115點；認購證28581，行使價22110點。 相反，如看淡可留意熊證65356，收回價20100點；熊證65391，收回價19988點；認沽證27783，行使價18905點。
騰訊股價近期表現偏強，短線料維持於415元至430元的波幅區間內反覆，可逢低留意部署好倉的機會。如看好騰訊可留意認購證29153，行使價515.5。 相反，如看淡可留意認沽證28485，行使價363.43。
美團股價近期反彈乏力，短線料續沿著10天線反覆考驗150元關口重要支持，宜審慎部署技術反彈。如看好美團可留意認購證29372，行使價200.2。
| Newly Listed Warrants | ||
|---|---|---|
| Warrant Code/Name | Strike | Expiry Date |
| 29843 SMIC (C) | 38.93 | Oct 2025 |
| Newly Listed CBBCs | ||
|---|---|---|
| CBBC Code/Name | Call Level | Expiry Date |
| 65389 HSI (Bear) | 20,148 | Feb 2027 |
| 65391 HSI (Bear) | 19,988 | Feb 2027 |
| 65394 HSI (Bear) | 20,358 | Feb 2027 |
| 65395 HSBC (Bear) | 84 | Jan 2026 |
| 65397 CMOB (Bull) | 73.5 | Oct 2027 |
| 65398 XIAOMI (Bull) | 32 | Sep 2025 |
| 65399 CNOOC (Bull) | 17.7 | Dec 2027 |
| 65400 LI (Bull) | 86 | Dec 2025 |
| 65403 ICBC (Bull) | 4.7 | Dec 2027 |
| 65405 CMB (Bull) | 37 | Aug 2027 |
| 65406 AIA (Bull) | 54 | Jun 2025 |
| 65407 BAIDU (Bull) | 75 | Jun 2025 |
| SG Top Picks | ||||
|---|---|---|---|---|
| Stock & Type | Code | Strike(Call Level) | Last | Effective Gearing |
| HSI (Bull) | 62419 | 19,148 (19,248) | 0.057 | 34.7 X |
| HSI (Bull) | 63038 | 19,248 (19,348) | 0.048 | 41.2 X |
| HSI (Bear) | 65356 | 20,200 (20,100) | 0.041 | 48.2 X |
| HSI (Bear) | 65391 | 20,088 (19,988) | 0.031 | 63.7 X |
| HSI (C) | 28438 | 23,115 (-) | 0.028 | 13.8 X |
| HSI (C) | 28581 | 22,110 (-) | 0.040 | 13.0 X |
| HSI (P) | 27783 | 18,905 (-) | 0.071 | 12.5 X |
| TENCT (C) | 29153 | 515.5 (-) | 0.060 | 10.9 X |
| TENCT (P) | 28485 | 363.43 (-) | 0.034 | 15.0 X |
| MTUAN (C) | 29372 | 200.2 (-) | 0.079 | 5.6 X |
| GEELY (C) | 28860 | 19.52 (-) | 0.086 | 4.7 X |
| HKEX (C) | 29168 | 370.2 (-) | 0.070 | 8.0 X |
| SMIC (C) | 28710 | 40.33 (-) | 0.064 | 3.5 X |
| KUASO (C) | 29149 | 58.5 (-) | 0.047 | 4.7 X |
| BYD (C) | 25031 | 275.2 (-) | 0.062 | 13.5 X |
| AIA (C) | 25627 | 73.05 (-) | 0.052 | 5.8 X |
| XIAOMI (P) | 29534 | 24.95 (-) | 0.059 | 5.6 X |
| PINAN (C) | 29129 | 62.05 (-) | 0.032 | 10.9 X |
| CLIFE (C) | 29332 | 20.93 (-) | 0.063 | 5.1 X |
| ALIBA (C) | 25433 | 99 (-) | 0.055 | 8.0 X |
