Market Performance - The Hang Seng Index rose 3.2% last week, closing at 24,284 points[1] - The Hang Seng Tech Index increased by 4.1%, ending at 5,341 points[1] - Weekly trading volume increased by 20.4% to HKD 248.8 billion[1] Sector Analysis - The materials sector surged 7.7%, benefiting from rising gold and non-ferrous metal stocks[1] - The information technology and financial sectors both rose by 4.3%[1] - The energy and utilities sectors declined by 1.1% and 0.4%, respectively[1] Currency and Liquidity - The Hong Kong dollar hit the weak end of the peg at 7.85, prompting the HKMA to buy HKD 9.42 billion for the first time in 2023[1] - The HKMA injected HKD 129.4 billion into the banking system in May, indicating stable liquidity unless further actions are taken[1] Real Estate Market - New home sales in 30 major cities fell 11.8% year-on-year, with a slight month-on-month increase of 16.1%[7] - The property inventory-to-sales ratio for major cities rose to 94.5, up from 83.6 year-on-year[9] - Land transaction volume in 100 major cities dropped by 31.8% year-on-year[10] Investment Recommendations - Focus on AI and robotics sectors, as well as semiconductor industries benefiting from policy support[15] - Caution advised due to ongoing financing activities and potential liquidity challenges in the Hong Kong market[1]
中泰国际每日策略-20250630
ZHONGTAI INTERNATIONAL SECURITIES·2025-06-30 01:49