spacearcade| Superignition! Hong Kong stocks 'late offensive continued unabated, and Hong Kong stocks' Internet ETF (513770) rose nearly 4%! Continue to set a new high for the year!
The Internet of Hong Kong stocks rose fiercely, and the mood was high in the afternoon. The market price of ETF (513770), the leading Internet stock in Hong Kong, is now up 3%.Spacearcade.89%, up more than 3% for three consecutive trading days, continuing to hit a new high for the year, with real-time turnover exceeding 300 million yuan.
Among the individual stocks in the plate, the leader led the upward trend, with Kuaishou up more than 7%, Tencent Holdings and Meituan up more than 3%, and bilibili up more than 9%. In addition, Shang Tang released the "Daily New Model 5" released yesterday.Spacearcade.0 "attracted attention, with intraday gains of more than 30% touching the suspension of trading, followed by Weimeng Group, Innovation Qizhi Group and Fubo Group.
Analysts point out that the recent sharp rise in Hong Kong stocks led by the Internet leader may be related to the following three factorsSpacearcade:
First, policy support. The CSRC announced on April 19 that it will deepen cooperation with the Hong Kong side and take five measures to further expand and optimize the Shanghai-Shenzhen-Hong Kong Stock Connect mechanism, help Hong Kong consolidate and enhance its status as an international financial center, and jointly promote the coordinated development of the capital markets of the two places. The market believes that this move will broaden the capital flow channels of the Hong Kong stock market and improve market liquidity and stability.
Second, the continuous return of foreign capital, superimposed southward capital inflows, the two resonate, Hong Kong stocks Internet sector benefited the most. UBS upgraded mainland China and Hong Kong stocks to overweightSpacearcadeSince April, there has been a continuous net inflow of southbound funds, totaling more than HK $69.3 billion, with a cumulative net inflow of HK $184.8 billion during the year.
Third, some institutions said that the fundamental resilience of the Internet industry is actually significantly underestimated by the market. Although most subsectors of the Internet are pro-cyclical, their fundamental growth remains resilient due to differences in Internet company models; at the same time, the upward trend in the overall first quarter of the industry is expected to be clear, and valuations are still at a low level.
In addition, Internet companies gradually begin to pay attention to and increase shareholder returns, on the one hand, will further shape their value stock attributes, on the other hand, some Internet stocks still have a relatively high growth.
In terms of layout tools, Hong Kong Internet ETF (513770) tracks the China Securities and Hong Kong Stock Exchange Internet Index (931637). Heavyweights converge different Internet subdivision track leading companies, such as Tencent Holdings, Meituan, Xiaomi Group, Kuaishou, and so on. Among them, positions in Tencent Holdings, Meituan, Xiaomi Group, Kuaishou, JD.com have a health weight of nearly 70%, and the top 10 components weigh more than 80%, with outstanding leading attributes.
Risk Tip: Hong Kong stocks Internet ETF passively tracks the China Securities and Hong Kong Stock Exchange Internet Index, which is based on 2016.12.30 and released at 2021.1.11, and the composition of the index stocks is timely adjusted in accordance with the rules governing the compilation of the index. In this paper, the index stocks are only displayed, and the individual stocks are not described as any form of investment advice, nor do they represent the position information and trading trends of any fund under the manager. The risk level of the fund assessed by the fund manager is R4-medium-high risk, and the risk level of the fund assessed by the fund manager is R4-medium-high risk, which is suitable for investors of active type (C4) or above. Any information that appears in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, any form of expression, etc.) is for reference only and the investor is responsible for any discretionary investment behavior. In addition, any point of view, analysis and forecast in this article does not constitute any form of investment advice to the reader, nor is it liable for direct or indirect losses arising from the use of the contents of this article. Fund investment is risky, the past performance of the fund does not represent its future performance, and the performance of other funds managed by fund managers does not constitute a guarantee of fund performance, so fund investment should be cautious.