On May 31, the three major indexes adjusted in shock, falling more than 1% during the session. By the close, the Shanghai Composite Index was down 0.61%, the Shenzhen Component Index was down 0.70%, and the ChiNext Index was down 1.14%. Individual stocks rose less and fell more, and more than 3,000 stocks fell in the two markets.
In terms of sectors, the concept of artificial intelligence rose against the market, NVIDIA's market value exceeded $1 trillion last night, and related concepts were then hyped, Obi Zhongguang 20CM up limit, Kinwong Electronics up limit; State-owned cloud and data security concepts are active; Coal and power stocks fell in the afternoon, leading the decline; The pork, food and beverage sectors performed sluggishly.
In terms of capital flow, northbound funds sold a net of 4.167 billion yuan throughout the day, of which Shanghai Stock Connect sold 1.598 billion yuan and Shenzhen Stock Connect sold 2.569 billion yuan; in May, northbound funds reduced their positions by more than 12.5 billion yuan, showing a net selling trend for two consecutive months.
As of the close, the artificial intelligence ETF (159819) closed up 1.69% today, with a turnover of 451 million yuan, and the market was actively trading. The data shows that the fund has received a net inflow of funds in the past five trading days, with a total net inflow of more than 600 million yuan.
Source: Wind, as of May 31, 2023
The AI ETF (159819) closely tracked the CSI AI Thematic Index, which closed up 1.68%. Among the index components, Rainbow Soft Technology rose 13.28%, Yihualu rose 8.77%, Cambrian-U rose 8.26%, and individual stocks such as Rockchip and Zhongke Chuangda followed.
Source: Wind, as of May 31, 2023
On the news, recently, Beijing, Shanghai and Shenzhen have successively issued policy documents on supporting the artificial intelligence industry. Shanghai supports private enterprises to widely participate in the construction of artificial intelligence infrastructure such as data and computing power; Beijing proposes to promote breakthroughs in domestic artificial intelligence chips; Shenzhen proposed to promote "thousands of industries + AI" to incubate highly intelligent production robots.
The CSI Artificial Intelligence Thematic Index selects 50 securities of listed companies whose business involves providing basic resources, technology and application support for artificial intelligence from the Shanghai and Shenzhen markets as the index sample to reflect the overall performance of the securities of listed companies with artificial intelligence themes.
Source: China Securities Index Company, as of May 30, 2023
As of May 30, 2023, the top 10 weighted stocks of the index include iFLYTEK, Hikvision, Weier Shares, Sugon, Unigroup, Montage Technology, etc., with the sum of the top 10 being 48.97%. (Data source: China Securities Index Company, index constituent stocks do not represent individual stock recommendations)
Great Wall Guorui Securities analysis believes that artificial intelligence is the first main line of global scientific and technological development, the mainland government attaches great importance to it, and is expected to introduce various favorable industrial policies in the follow-up to accelerate the development of AI models and related industrial chains.
Focus on AI ETFs (159819), OTC Connections (Class A: 012733; Category C: 012734).
The content and data are for reference only and do not constitute investment advice. AI technology strategy is provided for the cloud.