News on May 29, the broader market trend diverged throughout the day, the Shanghai index maintained red disk volatility, the ChiNext index fell more than 1%, and hit a new low in more than 1 year, after closing negative for 4 consecutive days. In terms of sectors, AI concept stocks rebounded strongly, brain-computer interface direction led the rise, Aipeng Medical, Sanbo Brain Science 20cm up limit, games, CPO direction in the lead, shunwang technology, Jinbaize, Dongtian micro 20cm up limit, Caesar Culture, giant network and other sealing boards, Zhongzitou stocks are active again, PetroChina rose nearly 8%, power stocks continue to be active, Hengsheng Energy 4 boards, Huadian International, Tianfu Energy, Construction Investment Energy, Guidong Power, Shimao Energy up limit; New energy track stocks such as photovoltaics continued to weaken, Trina Solar fell by more than 15%, the automotive industry chain fell across the board, and the real estate, infrastructure and other sectors performed sluggishly. Overall, the sector rotated rapidly, individual stocks fell more than they rose, and nearly 3,400 shares in the two markets flew green.
As of the close, the Shanghai Composite Index reported 3221.45 points, up 0.28%, with a turnover of 377.9 billion yuan; Shenzhen Component Index reported 10822.09 points, down 0.8%, with a turnover of 542.9 billion yuan; The index reported 2203.84 points, down 1.14%, with a turnover of 263.9 billion yuan.
On the market, brain-computer interface, CPO concept, and game sectors rose first, and integrated die-casting, Internet e-commerce, and automobile sectors fell first.
Hot Spots:
1. Games
Shunwang Technology, Yao Kee Technology, Giant Network, Shenzhou Taiyue, Kaiying Network and many other stocks strengthened.
In terms of news, from the data of the Ministry of Finance, from January to April, the total operating income of state-owned enterprises was 2.622819 billion yuan, an increase of 7.1% year-on-year. From the perspective of total profits, from January to April, the total profit of state-owned enterprises was 1.43881 billion yuan, a year-on-year increase of 15.1%. This is much better than the profit data released by the Bureau of Statistics for industrial enterprises above designated size.
Minsheng Securities Research Report pointed out that dividend assets are still the best long-term varieties, and the "China Special Valuation" market will continue to deduce: resource enterprises (oil, coal), transportation (ports, roads, oil transportation), banks (four major banks). Non-ferrous metals (copper, aluminum) will also usher in opportunities due to the short-term stabilization of the economy. After the excessive pricing mismatch between the difficult industrial structure in the medium and long term and the excessive pessimistic expectations of reality, institutional heavy stocks are expected to usher in a phased stabilization and rebound, mainly involving industries including new energy, electronics, medicine, and some consumption. The theme of artificial intelligence will enter the stage of industrial focus, and the variety of the supply side will be more certain.
2. Brain-computer interface
Many stocks such as Xinzhi Cognition, Innovative Medical, Voicecom, and Guanhao Biotechnology performed actively.
On the news, on May 28, local time, NVIDIA announced the provision of customized AI model OEM service Avatar Cloud Engine (hereinafter referred to as: ACE) for games. ACE uses AI technology to make game NPCs (non-playable characters) more intelligent and able to interact with natural language.
Message Surface:
1. [Eighteen departments: explore the use of artificial intelligence, virtual reality and other technical means to improve and strengthen experimental teaching] The Ministry of Education and other eighteen departments jointly issued the "Opinions on Strengthening Science Education in Primary and Secondary Schools in the New Era". The "Opinions" requires that weak areas and schools be provided with science education sites, provide equipment, equipment, books, software, etc., and explore the use of artificial intelligence, virtual reality and other technical means to improve and strengthen experimental teaching to make up for the lack of high-quality education and teaching resources.
2. [Ministry of Environment: will steadily expand carbon monitoring and assessment pilots in thermal power, steel and other industries] According to surging news, the Ministry of Ecology and Environment held a press conference, Jiang Huohua, deputy director of the Department of Ecological and Environmental Monitoring of the Ministry of Ecology and Environment, said on carbon monitoring that the Ministry of Environment will launch the second phase of carbon monitoring and assessment pilot work, focusing on three aspects of work: First, expand the scope of industry pilots. Steadily expand the pilot projects of thermal power, steel and other industries, gradually increase the number of participating enterprises, and improve the representativeness of the pilot work. The second is to deepen the construction of the technical system. Further improve the technical guidelines and standards for carbon monitoring, and lay a more solid foundation for carbon emission monitoring, carbon flux monitoring and environmental concentration monitoring. The third is to strengthen the precise support of the monitoring method. Accelerate breakthroughs in key carbon monitoring technologies such as flow monitoring, and improve the scientificity of using monitoring data to check and calculate data.
3. [Jiangsu: Strive to achieve basic coverage of industrial enterprises on the digital RMB account by 2025] Recently, the Department of Industry and Information Technology of Jiangsu Province issued the "Jiangsu Province Digital RMB Pilot Implementation Plan in the Field of Industry and Informatization", proposing to promote the application of digital RMB in key enterprises and industrial parks in the province's industrial information system, industry and information technology, expand digital RMB application scenarios, and empower industry innovation and development. Focusing on the construction of digital RMB application scenarios, promote the innovation of related technologies and software and hardware products, cultivate new formats and models, create a number of excellent products and application solutions, form a development pattern of demand driving supply, supply creating demand, and further improve the industrial ecology. Strive to achieve basic coverage of industrial enterprises on the digital RMB account by 2025, lead the number of pioneering demonstration application scenarios in the field of industry and information technology in pilot provinces, create a number of pilot demonstration projects for smart Jiangsu construction, and form more replicable and replicable pilot experience.
Institutional Perspectives:
CICC believes that combined with the current domestic economic environment and external disturbances, the decline in short-term investors' risk appetite may continue to affect asset price performance until there is a clear positive factor catalyst, but the rapid decline of the index has led to some indicators initially suggesting the bottom characteristic. The current position does not need to be pessimistic about the A-share market, and the medium-term market opportunities outweigh the risks. China's domestic demand market has great potential and sufficient policy space, and if the policy response is appropriate, it is expected to gradually improve the current pessimistic expectations of investors. Industry advice: recovery is the main line, and the style is more balanced. It is recommended that investors pay attention to the following three main lines: 1) the pan-consumer areas with great room for fundamental repair and flexibility, and the policy continues to support, such as food and beverage; 2) Focus on growth areas supported by policies such as industrial chain security and digital economy, including high-end manufacturing, technology software and hardware, and cautious expectations in the new energy field are also expected to be repaired; 3) Benefit from thematic opportunities such as the Belt and Road Initiative, as well as SOE reform.
CSC Securities pointed out that the recent epidemic has been repeated, and the economy is close to the worst moment. Historical experience and fundamentals suggest that the current market has entered the bottom, further downside is small, and a reversal of difficulties may come in June. The market has entered the bottom area, but due to the domestic economy and overseas concerns to stop the decline and recover, it is difficult to achieve overnight, we believe that the construction of a "U-shaped" or "W-shaped" composite bottom is more likely. Investors do not need to panic excessively, and strategically shift from defensive thinking to layout thinking, focusing on the direction: 1) the direction of fundamental improvement; 2) the direction of policy increase; 3) The preferred direction of incremental capital inflows. Industry recommendation: semiconductor, media, communications, computer, medicine, energy storage/wind power, electricity, etc.