Essentials at a glance
★ Global markets: Overseas, expectations of interest rate hikes at the June FOMC meeting eased, and the market began to price in a July rate hike.
Domestically, this week's foreign trade and inflation data were released, and the CPI remained low, reflecting the weak endogenous power of the current economy and insufficient consumer confidence. At the same time, the decline in external demand is faster than expected, the supporting effect on the economy is also weakening, and the market's expectations for the introduction of stable growth policies are heating up.
- Global markets have fluctuated in a narrow range this week. The Shanghai Composite Index rose 0.04%, while the Shenzhen Component Index fell 1.86%; The Dow rose 0.21%, the S&P 500 rose 0.27%, and the Nasdaq fell 0.02%; The Hong Kong stock market closed the week higher, with the Hang Seng Index up 2.32%.
★ Large types of assets: weather disturbance production in production areas, rising sugar prices; Soybean oil prices rebounded after a sharp fall. South China agricultural products rose this week.
- South China agricultural products (1.73%) and South China industrial products (1.54%) performed better this week, while CSI 1000 (-1.97%) and CSI 500 (-1.57%) performed poorly.
★ Trading activity: The average daily turnover of A-shares and ChiNext fell from last week.
——The average daily turnover of A-shares this week reached 0.90 trillion yuan, with an average daily turnover rate of 1.03%, down from 1.07% last week; The daily turnover of ChiNext reached 246.639 billion yuan this week, with an average daily turnover rate of 2.99%, down from 3.35% last week.
★ Market style: financial and stable styles performed relatively well, growth and cyclical styles fell mostly, and the large market performed better than the small and mid-cap markets.
- The large-cap index fell -0.70%, the mid-cap index fell -1.38%, and the small-cap index fell -1.59%; Financial style (1.40%) performed better, growth style (-1.93%) performed poorly.
★ Industry performance: home appliances, media, and communications rose first, and the new electricity, national defense industry, and basic chemical industries fell first.
——The top three industries that rose this week were home appliances (2.99%), media (2.94%), and communications (2.90%), and the top three industries that fell this week were Dianxin (-4.00%), national defense industry (-3.49%), and basic chemicals (-2.79%).
★ Industry transaction congestion: media and real estate are the most crowded, while electric utilities and computers are the most congested.
——In the past five trading days, the proportion of transactions in the media, real estate and pharmaceutical industries rose by 0.83pct, 0.58pct and 0.34pct, while the proportion of transactions in the electric power utilities, computer and machinery industries fell by 0.73pct, 0.71pct and 0.63pct.
★ Changes in the valuation of important indexes: The valuation performance of the SSE 50 and SSE Index is better, while the valuation performance of ChiNext and CSI 1000 is relatively poor.
——The valuations of the SSE 50 (0.97%), the SSE Index (0.89%) and the CSI 300 (0.48%) increased significantly; ChiNext (-3.87%), CSI 1000 (-1.92%) and Shenzhen Component Index (-1.79%) saw more declines.
★ Industry valuation changes: The valuation performance of banks and media is relatively good, and the valuation of electronics and defense industry has fallen more. ——The top three sectors for PE valuation improvement this week were banking (3.83%), media (3.73%) and communications (3.28%); The top three industries with PE valuation declines this week were electronics (-2.84%), defense industry (-3.97%) and electro-new (-4.03%).
Risk warning: This information is only a compilation of public information, and does not involve research views and investment advice.
Risk Warning
It is only a compilation of public information, does not involve the views of researchers, and does not constitute a recommendation or recommendation for the industry and individual stocks.
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