The first half of 2024 has been full of excitement, with opportunities and risks coexisting in the global investment market - the AI boom continues, with Microsoft, Apple, and Nvidia vying for the top spot in market capitalization, and the Fed's interest rate cut expectations still uncertain... For investors who are also witnesses of a large era, the situation is exciting.
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."2024 Exclusive Mid-Year Review", may all our efforts in the first half of the year be the groundwork for the surprises in the second half of the year.
Since February of this year, the Hong Kong stock market has rebounded in volatility, rising from the low point of 15,000 points to the high point of 19,700 points, and then experiencing a deep adjustment of nearly 2,000 points in nearly a month. In recent days, it has become active again.
According to the latest data statistics, Southbound funds have been net inflows for six consecutive months this year. As of June 21, the accumulated inflow of Southbound funds into Hong Kong stocks has reached as high as HKD 362.1 billion, exceeding the full-year inflow in 2023 (HKD 318.8 billion).
What is even more eye-catching is that the national team has also made big moves recently, subscribing to Honglietf of the Hong Kong stock through-channel Central State-owned Enterprises Dividend Index ETF, and conveying a clear bullish signals to the market with practical actions.
Looking ahead, the market generally believes that the Hong Kong stock still has comparative advantage. As the current market sentiment is largely restored, profits are the key to opening up greater market space. In terms of specific configuration direction, dividend assets still attract investors' attention, and technology-growth stocks are also receiving more attention.
From the perspective of southbound capital mainly flowing into individual stocks this year, "beginning with middle letter" companies and high dividend stocks are still the most sought-after stocks for northbound funds to increase holdings.$BANK OF CHINA (03988.HK)$, $CHINA MOBILE (00941.HK)$, $CNOOC (00883.HK)$The three stocks that have received the most additional holdings respectively exceed HKD 32.8 billion, HKD 23.7 billion and HKD 16.6 billion, ranking the top three in the entire market's northbound capital inflows; in addition,$CHINA SHENHUA (01088.HK)$, $PETROCHINA (00857.HK)$, $CHINA TELECOM (00728.HK)$all of them have received large northbound inflows.
As for technology stocks, the attitude of southbound capital is still divided. Among them,$TENCENT (00700.HK)$was favored by capital this year, while it suffered a sell-off of over HKD 7 billion from northbound funds last year;$XIAOMI-W (01810.HK)$received HKD 5 billion in capital inflows this year, and was sold off by about HKD 3 billion last year. Judging from the stock price performance, the stock prices of these two stocks have also received strong support from net capital inflows, rising more than 31% and 16% respectively this year.
The semiconductor sector has been increasingly hot in recent times.$MEITUAN-W (03690.HK)$, $XPENG-W (09868.HK)$, $KUAISHOU-W (01024.HK)$, $BILIBILI-W (09626.HK)$and other technology stocks have been sold off by southbound capital.
The mid-year inventory and sharing activity is coming in full force. In the first half of 2024, the stock market is booming. What stock market opportunities have you taken advantage of?
Welcome to share your investment experience and outcomes with mooers, let's review the investment report card of the first half of the year. Plus, there are limited edition futubull (福牛 figure, soldier futubull, knight futubull) and plenty of points waiting for you to claim.Come and join us now~
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