According to institutional research, the Hong Kong stock market continued to experience weak and volatile trading in June. Domestic macroeconomic data was lower than expected, and the desire for policy to continue to tighten temporarily fell through. At the same time, the Fed's resolution was hawkish, with most officials still insisting that there be no more than one interest rate cut this year. The US dollar rose, and the offshore renminbi exchange rate broke through 7.3. With the addition of geopolitical shocks, the Hong Kong stock market remained weak. Looking at the entire month, it fell by 2%, 3.69%, and 0.95%, respectively.$Hang Seng Index (800000.HK)$In June, the Hong Kong stock market fell by 2% cumulatively.$Hang Seng TECH Index (800700.HK)$It fell by 3.69%.$Hang Seng China Enterprises Index (800100.HK)$It fell by 0.95%.

Looking ahead to the Hong Kong stock market for July, Everbright Securities believes that if future economic data marginally rebounds, the Hong Kong stock market has the potential to rise further. Since the beginning of this year, property policies have frequently been reinforced. On May 17, the central bank introduced four policy measures aimed at the property market. The current policy effect still needs to be continuously verified, but it can be predicted that if the property market does not improve for a long time, policy is likely to continue to tighten, and there is hope that the marginal improvement of the domestic economy's fundamental factors will continue. The revival of the Hong Kong stock market requires further policy stimulation and verification of improvement in domestic economic data.

Specifically, continue to focus on the 'dumbbell' strategy of technology growth and high-dividend stocks.

1) Focus on high-quality core assets with sound fundamentals - Internet technology companies.

2) Continue to focus on high-dividend strategies, including the telecommunications, petroleum and petrochemical, and coal industries. The high-dividend strategy can still serve as a stable source of income.

Futu News has compiled some institutional Hong Kong stock picks for July for Murraya. Please feel free to reference them:

Murraya, which stock do you think is the golden stock for July?

Welcome to leave a message in the comments section for discussion ~

Editor/Jeffy