It's time to look forward to Friday's big rally again
Reporter: Zhao Yun Editor: Xiao Ruidong
On November 9, the market fluctuated in a narrow range throughout the day, and the three major indexes were mixed. At the close, the Shanghai Composite Index rose 0.03%, the Shenzhen Component Index fell 0.2%, and the ChiNext Index rose 0.23%.
In terms of sectors, BC batteries, coal, brain-computer interfaces, computing power and other sectors were among the top gainers, while short dramas, diet pills, CRO, consumer electronics and other sectors were among the top decliners.
Overall, more than 3,500 stocks in the two cities fell, and more than 40 stocks fell more than 9%. The turnover of the Shanghai and Shenzhen stock markets today was 962.5 billion, a decrease of 74.1 billion from the previous trading day.
There is only the last trading day left on Friday this week, and judging from the daily K of the main stock indexes in the previous 4 days, the structure is very similar to last week, that is, after a big rise, it fluctuated for several days.
One thing is different is that last week's adjustment period basically closed the negative line (or false white line) every day, while this week it continued to close the white line (there is also a false white line); In terms of volume and energy, this week has been significantly enlarged compared with last week, and the turnover has been around 1 trillion in the past few days.
Shanghai Index Day K
Compared to the market performance of the two weeks (especially the two "Crazy Thursdays"), the number of gainers and losers this week is more even, and the index is more resilient.
So, will tomorrow repeat the rhythm of last Friday and make a big rise?
This is both possible and worth looking forward to.
Next, let's take a look at the specific plate.
Today, the market has almost changed a batch of stocks are rising, and short-term sentiment has reached the recent freezing point.
Two days ago, the concepts of "dragon characters" and "short drama games" that were still full of momentum have ebbed one after another. The market has dropped significantly more stocks than before, and there are more fried stocks, with a rate of nearly 50% in the two cities.
Of the 86 "dragon families" in A-shares, less than 10 are still rising, but there are also Shenglong shares trying to use the "earth and sky board" to retain some popularity.
In the short drama sector, only 2 core stocks (Tianwei Video and Chinese Online) are still rising.
Today, a large amount of money from the high-level sector has gone in two directions - photovoltaic or coal.
The photovoltaic concept ushered in a rebound in early trading, and BC batteries, HJT batteries, and TOPCON batteries were on the list of gainers. In addition to the PV sector itself falling enough, there is a view that the emotional fuse may have come from an announcement by LONGi Green Energy last night.
LONGi Green Energy announced that LONGi Green Energy learned that the shareholder HHLR Management Co., Ltd. received a notice of filing a case issued by the China Securities Regulatory Commission on November 8, 2023, and the China Securities Regulatory Commission decided to file a case against HHLR Company in accordance with the Securities Law of the People's Republic of China, the Administrative Punishment Law of the People's Republic of China and other laws and regulations due to the suspected transfer of LONGi Green Energy shares in violation of restrictive regulations. Regarding the filing of HHLR by the China Securities Regulatory Commission, LONGi Green Energy said that the case was filed against the company's shareholder HHLR, and the company's production and operation activities would not be affected.
The last round of rebound of the photovoltaic concept was triggered by the termination of Tongwei's plan to raise 16 billion yuan at the end of September.
The coal sector often performs when everyone is not aware of it, and here are some institutional analyses:
With the improvement of the marginal improvement of real estate development investment in the policy of stabilizing the economy, and the superposition of heating demand in the fourth quarter to drive consumption, coal demand is expected to rebound on the supply side.
In terms of imports, overseas coal prices still have strong support, and the price difference between domestic and foreign prices remains low, with 35.99 million tons imported in October, a decrease of 14.59% month-on-month, and the growth rate of imported coal is expected to continue to fall. Under the comprehensive impact, it is expected that the coal price center is expected to rebound in the fourth quarter.
At the same time, the value of high-dividend assets has increased in a low interest rate environment. Considering that the high profits of coal companies are expected to continue for a long time and the dividend ratio will continue to increase in the context of high cash flow, the coal sector in the high-dividend and resource industry is worth paying attention to.
In addition, the brain-computer interface sector also rose significantly in the morning, but it lacked stamina in the afternoon and fell significantly.
On the news side, it was reported that Musk said on his personal social platform on Tuesday local time that his brain-computer interface company Neuralink is developing a vision chip that can help people with visual impairments regain their sight. Neuralink is a brain science company founded by Musk in 2016 with a group of scientists. The company's main research direction is brain-computer interfaces, which enable "human-machine interaction" by developing a device that can be implanted in the brain.
Overall, the stellar performance of a single trading day is not enough to prove the style change. For example, at the end of September, the BC battery sector continued to languish until the end of October after a long white line. Whether these sectors can continue to break out to the upside tomorrow will determine whether many players will stay or not.
Therefore, the focus of the market outlook is on how strong the old hot spots are to fight back, and which sector is more sustainable. And whether there will be new hot spots.
There is also an interesting thing that happened today, that is, He Xiaopeng and Yu Chengdong ushered in reconciliation after last week's "war of words".
In the morning, He Xiaopeng publicly posted on his Weibo account, saying that he discussed the technical route with Yu Chengdong in the morning, but did not give a conclusion, but only expressed his gratitude to Yu Chengdong for his suggestions and generosity, and sighed that "sometimes it is easier to become good friends after misunderstandings."
He said that Xpeng Motors will expand the AEB function through OTA, and then work together to lead the innovation of intelligent driving technology and win-win in the new era of intelligent electric vehicles.
Previously, a debate about "AEB" (Autonomous Emergency Braking) caused onlookers.
He Xiaopeng said in an interview with "No. 42 Garage" some time ago that some friends said that their smart driving "can be opened nationwide" at the end of the year, but in fact, it is just a click on the national road, there is no difficulty, ACC can also be used, LCC can also be used. But to drive well, it's hard.
He Xiaopeng responded to the "survey results of the new M7 Dading users in the world, many people are willing to pay for AEB": "Friends talked about AEB, I think 99% of it is fake, it is fake, and those propaganda are not officially released by the company, all from small videos." Our people also went to ask, its AEB can't be driven at all, and there are too many cases of false braking on the road. ”
Last Friday, Yu Chengdong, Executive Director of Huawei, CEO of Device BG, and Chairman of Intelligent Vehicle Solution BU, posted an article through Moments, pointing the finger at "some car companies", saying that his top leaders did not even understand what AEB (automatic emergency braking system) was, and lacked basic understanding of the technological progress and future development of the industry.
From the perspective of the capital market, in fact, how they quarrel and reconcile, who is right and who is wrong may not be so important. Importantly, the degree of discussion brought about by the controversy has affected the attention of short-term funds to related sectors to a certain extent.
The "Huawei Auto" sector rose sharply on Monday, perhaps due to the weekend's war of words. It is also worth paying attention to whether the sector can perform after stepping back on the moving average tomorrow.
National Business Daily