In the first half of 2024, there are wonderful opportunities and risks in the global investment market - the AI boom continues, with Microsoft, Apple, and Nvidia competing for the top market capitalization one after another, and the Fed's interest rate cut expectations still have uncertainties... Mooers are not only participants in the capital markets, but also witnesses of the great era.
Looking back at the past and accumulating experience, welcome to subscribe to the exclusive semi-annual review of 2024. May all our efforts in the first half of the year be the groundwork for the surprises in the second half of the year.Exclusive semi-annual review of 2024, may all our efforts in the first half of the year be the groundwork for the surprises in the second half of the year.
2024 is already halfway through. Looking back at the first half of the year, the performance of Hong Kong stocks at the beginning of 2024 was not ideal, and the Hang Seng Index became the "bear" leader of the world due to a drop of more than 10% in January. However, after hitting a low of 14,794.16 on January 22, it gradually rebounded, and in April it had a rare 10-day winning streak, setting a record for the longest winning streak in six years. Not only did it perfectly recover the "lost land" that fell at the beginning of the year, but it also significantly outperformed global important stock indices such as the Dow Jones Industrial Average.
As of the Hong Kong stock market's close on June 17th, $Hang Seng Index (800000.HK)$has increased by 5.21% year-to-date,$Hang Seng TECH Index (800700.HK)$decreased by 1.46%, $Hang Seng China Enterprises Index (800100.HK)$increased by 10.49%.
As time came to June, the performance of various sectors in the Hong Kong stock market this year became gradually clear. Among many sectors, the utility and technology sectors stood out with their outstanding performances. As of the close of June 17th, the utility sector increased by 8.85% and the information technology sector increased by 8.54%.
Since the beginning of this year, there have been frequent news of price increases in the utility sector, with many regions in China raising water, electricity, and gas prices. In addition, this sector generally has characteristics of low valuations and high dividend yields. Tianfeng Securities believes that for sectors with high dividend yields such as utilities, energy, and telecommunications, even if future market volatility rises, they are expected to provide considerable relative returns in this environment.
Looking at the list of top gainers, $CGN POWER (01816.HK)$, $CHINA RES POWER (00836.HK)$ and $BJ ENT WATER (00371.HK)$had outstanding performance, with cumulative gains of approximately 65%, 52%, and 49%, respectively.
The mid-year review and sharing activity is coming. As the stock market in the first half of 2024 is in full swing, what bullish opportunities have you seized? You are welcome to share your investment experience and achievements with fellow mooers, and review the investment results for the first half of the year together. There are also limited edition mooers (Fortune Cow figurine, Soldier Cow, Knight Cow), and a large number of points waiting for you to grab. Come and participate now~Come and join us now~
Editor / ruby