The trend of Hong Kong stocks this month has had “ups and downs.” In mid-early November, as the US CPI cooled down beyond expectations, the Federal Reserve came closer to the end of the interest rate hike. Under the favorable influence of overseas markets, the Hong Kong stock market rose sharply. Furthermore, the real estate policies introduced intensively by the central government recently have also helped the internal housing and property management stocks to rise day after day. However, in the middle to late stages, the performance of Hong Kong stocks was once again weak. In the end, the Hang Seng Index and the National Index closed down slightly during the month, while the Science Index recorded an increase.
By the close of November 30, the Hang Seng Index had a cumulative decline of 0.41% during the month, the Hang Seng Technology Index had a cumulative increase of 3.74%, and the State-owned Enterprises Index had a steady decline of 0.07%. Entering December, can the Hong Kong stock market usher in a year-end market?
According to market opinion, since liquidity is relatively abundant at the end of the year and the beginning of the year, corporate earnings reports are relatively scarce, and business expectations cannot be falsified in the short term. Combined with optimistic expectations about policies, investor optimism is relatively high. There will be a wave of good market conditions every year at this time of year.
In response, Everbright Securities believes that despite the twists and turns in the current domestic economic recovery, it is still on a path of weak recovery. Looking ahead, many positive factors are still worth looking forward to. In terms of domestic demand, the issuance of trillions of additional treasury bonds and special bonds is about to begin in advance, and the implementation of the “three major projects” of real estate is expected to accelerate. Overseas, the expectation that US inflation will fall more than expected, interest rate cuts will rise, and the possibility of interest rate cuts will increase further, thus supporting the upward trend in Hong Kong stocks. It is recommended that we continue to focus on TMT and “mid-rated” concept stocks in December.
Futu Information has compiled a comprehensive compilation of Hong Kong stocks and gold stocks of some institutions in December for Niu You's reference:
Niu friends, which December gold stock do you have in mind?
Welcome to leave a message and discuss in the comment area~
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