HK Stock Market Move | Some agricultural stocks are rising against the trend, SHIYUE DAOTIAN (09676) surged more than 14% at one point. Institutions recommend paying attention to the sector's counterattack and defensive properties.

Some agricultural stocks have risen against the trend, as of the time of publication, SHIYUE DAOTIAN (09676) rose by 9.43% to 8.24 Hong Kong dollars; DEKON AGR (02419) rose by 4.71% to 42.2 Hong Kong dollars; FIRST TRACTOR (00038) rose by 3.59% to 6.34 Hong Kong dollars. On the news front, recently, the Central Committee of the Communist Party of China and the State Council issued the "Plan to Accelerate the Construction of an Agricultural Powerhouse (2024-2035)," which prioritizes ensuring the stable and secure supply of food and important agricultural products. The plan aims to implement strategies for storing grain in the ground and in technology to strengthen the material foundation for accelerating the construction of an agricultural powerhouse. It also proposes measures to improve the production levels of food and important agricultural products, enhance support policies for food production, and strengthen the reserve and control of food and important agricultural products. It also emphasizes the advancement of agricultural machinery and equipment throughout the entire process, including the development and application of large-scale high-end intelligent agricultural machinery, small machinery suitable for hilly and mountainous areas, and key components. In addition, The Pacific Securities pointed out the retaliatory and defensive attributes of the agricultural sector in the context of increased trade tariffs. Industrial Bank Credit Suisse Fund believes that the agricultural sector represents tariff retaliation and domestic demand. Although compared to 2018, China's dependence on American agricultural products has significantly decreased by sourcing from countries like Brazil and France, many agricultural product prices are currently hovering near their lows, and the agricultural sector, as a relatively independent cycle, has certain hedging attributes. There may be trading opportunities in sectors such as seed and planting, poultry, and breeding based on sentiment and thematic trading.