Source Financial Union
May 20playblackjackonlinefree, Hong Kong stocks fluctuated within a narrow range, and the Hang Seng Index rose slightly by 83 points or 0playblackjackonlinefree.4%, closing at 19,636 points. The Hang Seng Index edged up by 0.6%, closing at 4,135 points. The transaction volume in the general market decreased to HK$156.5 billion, and the net inflow of Hong Kong Stock Connect decreased to HK$2.49 billion.
On the market, the sector's performance was divided, but the number of rising shares also reached 967. The overall internal upward momentum of the stock market is still good.
Among them, stocks related to copper mines, gold and other materials benefited from the record high strength of international copper prices and gold prices. Among them, Zijin (2800 HK), Shandong Gold (1787 HK), Jiangxi Copper (358 HK), and Minmetals Resources (1208 HK) rose by 4.9%, 4.2%, 5.4% and 7.4% respectively, and their stock prices hit record highs or new highs in recent years respectively.
Utility stocks such as thermal power, nuclear energy and natural gas also rose. For example, Huaneng International (902 HK), China Resources Power (836 HK), and NEN Energy (2688 HK) rose 1.8%, 2.1% and 3.0% respectively.
The better money-making effect of the market continues to support the internal operations of Hong Kong stocks. As the overall valuation of Hong Kong stocks has been significantly restored, funds have also begun to be diverted from heavyweights to other segments or theme stocks.
The offshore RMB rebounded slightly due to positive real estate policies last week, but the appreciation trend is not too strong, basically fluctuating around the level of 7.22. It is still mainly affected by the time it takes to implement China's fundamental repair and relaxation policies.
Although real estate sales data in individual regions have exploded in the short term after policy relaxation, attention should be paid to the sustainability of the upward trend.
China-Thailand International said that driven by emotions and funds, it still does not rule out that the market will continue to rise in the short term or regardless of the reality of technical overbought and weak economic recovery. If the Hang Seng Index rapidly rises to 20,400 points in the short term, it will be a good opportunity to make a profit.
China-Thailand International said that it is strategically recommended to pay attention
1) Technology (games, consumer electronics) and biomedicine that have benefited from the return of foreign investment;
2) High-dividend oil, coal, telecommunications and electricity;
3) Copper mines, household appliances, textiles, shipping, international consumer goods, etc. that benefit from the recovery of overseas economic prosperity;
4) The government's purchasing and purchasing policy is expected to benefit some leading central state-owned enterprises, real estate enterprises and agency construction.