In May, Hong Kong stocks fluctuated and consolidated at current levels, and the market waited for more catalysts. As of May 31, the Hong Kong stock market closed,$Hang Seng Index (800000.HK)$A cumulative increase of 1.78% during the month,$Hang Seng TECH Index (800700.HK)$fell 0.27%,$Hang Seng China Enterprises Index (800100.HK)$Up 1.89%.
The good news is that the Hong Kong stock IPO market is recovering, and transactions in the secondary market are picking up. The number of Hong Kong stock listed reserve companies continued to increase during the year, and the supply side of IPOs was quite abundant. According to Wind data, as of May 28, excluding projects that have not progressed and have been sent back, a total of 103 companies are in the process of applying for listing. Of these, 4 have already been heard and approved, and 99 are in the process.
Also, judging from the average daily turnover, Wind data shows that from May 1 to May 28, the average daily turnover of the Hong Kong stock market reached HK$104.76 billion, and exceeded HK$110 billion on some trading days. Compared with HK$68.1 billion in the same period last year, market liquidity has further improved.
Everbright Securities believes that if future policy effects are evident, Hong Kong stocks are expected to rise further. With the recent “combo punch” of domestic real estate policies, real estate sales are expected to be boosted, and signs of marginal improvement in domestic economic fundamentals are expected to continue. However, there is still uncertainty about overseas factors in the second quarter, including fluctuations in US interest rate cut expectations and the US election, which will disrupt the trend of Hong Kong stocks to a certain extent. The continued rise in Hong Kong stocks requires further favorable policy incentives or verification of improvements in domestic economic data.
You can continue to pay attention to technological growth and the “dumbbell” strategy where high dividends prevail. 1) Focus on high-quality core assets with sound fundamentals - Internet technology companies. 2) Continue to focus on high-dividend strategies, including telecommunications, petroleum and petrochemical, coal and other industries. Also, a high dividend strategy can still be used as a base position for stable returns.
Futu News has compiled the June Hong Kong stock shares of some institutions for reference:
Colleagues, which gold stock do you have in mind for June?
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