中泰国际每日晨讯-20250612

Market Overview - On June 11, the Hang Seng Index rose by 204 points or 0.8%, closing at 24,366 points, while the Hang Seng Tech Index increased by 1.1% to 5,451 points[1] - The total market turnover reached over HKD 235.2 billion, with a net inflow of HKD 1.37 billion through the Hong Kong Stock Connect[1] - Key sectors leading the market included insurance, brokerage, gaming, oil, coal, non-ferrous metals, and engineering machinery, while biomedicine, food and beverage, and utilities lagged behind[1] Sector Performance - Major state-owned banks saw stock increases ranging from 1.1% to 2.5%[1] - Brokerage stocks benefited from merger rumors, with GF Securities (1776 HK) surging 6.2% and others like Huatai (6886 HK) and CITIC Securities (6066 HK) rising between 4.1% and 4.9%[1] - The gaming sector received a boost from new supportive measures, with Bilibili (9626 HK) climbing 9.9%[1] Economic Indicators - The automotive sector reported a wholesale volume of 2.686 million units in May, up 11.2% year-on-year and 3.7% month-on-month, with cumulative sales for the first five months increasing by 10.9%[3] - New energy vehicle sales surged by 44% year-on-year, achieving a penetration rate of 44%[3] - The global healthcare sector saw a 33.8% month-on-month increase in financing, totaling USD 4.85 billion in May, indicating a recovery in investment[3] Real Estate Insights - New home sales in 30 major cities fell to 1.42 million square meters, down 18.1% year-on-year and 33.3% month-on-month, indicating a significant decline in the real estate market[5] - The inventory-to-sales ratio for major cities rose to 85.4, compared to 83.6 last year, reflecting a slower inventory turnover[7] - Land transaction volumes dropped by 48.9% year-on-year, with a significant decline in the number of transactions[8] Strategic Recommendations - The current market strategy suggests waiting for fund rotation rather than chasing high-flying stocks, as the market lacks a clear leading sector[2] - Investors are advised to focus on undervalued sectors with high growth potential, particularly in the Hang Seng Tech Index, while maintaining a defensive stance in dividend-paying sectors[13]