On August 11, the consumer sector performed strongly after the opening of the market!

As of press release, food and beverage stocks are leading the way in Hong Kong stocks. Among them, Haidilao continued to break its peak intraday, rising to 15%, and the highest price was temporarily reported at HK$43.65; Jiumaojiu once surged 7% to a record high of HK$16.46 in the intraday period.

Today, sporting goods stocks are also trending positively. Taobo surged nearly 8%, while Anta and Li Ning surged 4%:

In its mid-term outlook, Guotai Junan stated that the “spiral rotation configuration” concept follows the “growth-cycle-consumption” sector rotation. In terms of allocation direction, the short-term market focuses on essential consumption, property management, and gold stocks with strong profit certainty. The medium-term focus will be on consumer stocks and cyclical stocks.

Jiang Ruoying, an analyst at Dongwu Securities, also said that with the complete restoration of domestic economic order and the gradual restoration of residents' income, optional consumption has shown some signs of recovery. Although domestic retail sales are still recovering slowly, there is still full certainty about the recovery of optional consumption, and early attention is recommended.