More than 4,000 stocks in the two cities closed up, and the net buying amount of northbound funds exceeded 5 billion in a single day, but these stocks ushered in a concentrated decline
On November 23, the Associated Press of Finance reported that the market rebounded throughout the day, and the three major indexes all rose slightly. The Beijing Stock Exchange 50 Index rose more than 5% in early trading, and then quickly dived into the green, and finally fell more than 2%. On the disk, the automobile industry chain has strengthened across the board, and many stocks such as Huayang Group, Hunan Tianyan, Bohai Automobile, and Far East Transmission have risen to the limit. Pharmaceutical stocks rebounded, with Yue Wan Nianqing, Guilin Sanjin, and Lianhuan Pharmaceutical rising to the limit. The real estate sector fluctuated and strengthened, and Jinke shares and Dalong Real Estate rose to the limit. Consumer electronics concept stocks performed actively, and Huiwei Technology, Yingtong Communication, Shiyida and other daily limits. In terms of decline, short drama concept stocks fell into adjustment, and Haikan shares and Jiayun Technology fell by more than 10%. In addition, the high-level board stocks collectively made up for the decline, and many stocks such as Yawei shares, Sanbaisho, and Yinbaoshanxin fell to the limit. Overall, stocks rose more and fell less, and more than 4,100 stocks rose in the whole market. The turnover of the Shanghai and Shenzhen stock markets today was 824.2 billion, a decrease of 51.3 billion from the previous trading day.
Sector
On the plate, the automobile industry chain launched a collective rebound today, among which Huawei's automobile concept was among the top gainers, Jingquanhua, Tianyin Holdings, Bohai Automobile, Huayang Group, Zhongrong Electric, Chuanhuan Technology, Changan Automobile and other stocks were among the top gainers. On the news side, at the 2023 Guangzhou Auto Show, Yu Chengdong, executive director of Huawei, CEO of the terminal BG, and chairman of the intelligent vehicle solution BU, appeared at the auto show. According to the analysis of institutional research reports, with the entry of Huawei and Xiaomi into the automotive industry, the automotive industry will iterate, and intelligence and ecology will reshape the industry pattern, which is expected to give birth to parts companies in the industrial chain from small to large, with rapid growth in revenue and profitability, thereby promoting the increase in market value.
The direction of intelligent driving also performed well, with the 20CM daily limit of China Automobile Co., Ltd. and Wanji Technology, and the daily limit of Huayang Group, Yongxin Optics and Riying Electronics. Stocks such as Hunan Oil Pump, Akita Micro, and Tianmai Technology were among the top gainers. On the news side, Pony.ai announced that it has obtained the first autonomous driving truck platoon driving test license in Guangzhou, and has been allowed to conduct L4 platoon autonomous driving tests on open roads in Guangzhou. Huatai Securities is optimistic about the investment opportunities in the follow-up intelligent driving line: 1) The vehicle focus will be further deepened with Huawei in 2024. 2) Components, with Tier0.5 capabilities, companies that can quickly respond to the needs of OEMs are more likely to win, and hardware upgrades at the chassis system execution and decision-making levels are the only way to achieve high-level autonomous driving of electric vehicles.
However, it should be noted that after the market, Changan Automobile and Huawei both refuted the rumors that Changan Automobile and Huawei had a 300 billion yuan stake in Huawei's car BU. And today's overall volume does not increase but decreases, reflecting that the market environment of the stock game has not changed, so the continuity of the continuation of the rebound of the automobile chain still needs to be further observed. However, the rise of today's automobile industry chain is essentially a repair of funds in the direction of pan-technology, under this logic, follow-up directions such as consumer electronics, computing power, semiconductor chips and other directions are also expected to be repeatedly active in the follow-up disk.
The real estate sector continued to be active, among which Jinke shares and Dalong Real Estate rose to the limit, and Vantone Development, Zhongnan Construction, Rongsheng Development and Binjiang Group were among the top gainers. On the news side, Shenzhen will adjust the minimum down payment ratio for two houses from November 23. The minimum down payment ratio for personal housing loans for second housing has been adjusted from 70% for ordinary housing and 80% for non-ordinary housing to 40%.
In fact, the recent good news for the real estate sector has been one after another: (1) the three departments held a symposium of financial institutions to release positive signals; (2) according to media sources, the "white list" of real estate enterprises plans to expand; (3) Sunac's successful debt restructuring is of great significance; (4) Guangzhou launched the first shot of land auctions in first-tier cities without price limit. Although the current recovery of real estate fundamentals remains weak, there is still room for optimization of demand-side policies in first-tier cities, and there is still some support for improving demand in core cities, and there are still structural opportunities in the future.
In terms of individual stocks
At the individual stock level, today's high-level stocks are concentrated in the direction of making up for the decline, and the promotion rate of the two cities has plummeted to less than two percent. Among them, the high-standard faucet Sanbaisho staged a quasi-sky floor. Yawei shares, Chuanzhi Education, Sitong shares, Golden Kirin, Yinbaoshanxin, Quanyangquan, Uni-President shares, Huangting International, Guangbo shares and other stocks have closed the limit. Recently, in the context of the overall market being sorted out, speculative speculation tends to be extreme, and it is reasonable for funds to choose the style of high and low cut today. However, as emphasized yesterday, the probability of so many board stocks ebbing across the board is low, and there is still a certain expectation of repair in the future.
In addition, although Shenglong shares rose and fell, the recent continuous rise has opened up the imagination space for the second wave of the old leader. Therefore, in the recent intraday, we have seen that high-standard old cycle leaders such as Huali Chuangtong, Huaying Technology, and Changshan Pharmaceutical have also begun to be active again. The core of the observation of the direction is still in the Shenglong shares, after today's heavenly divergence, if there are still funds willing to carry out a high-level relay, this logic or will be further fermented, on the contrary, once the Shenglong once again in the high level of A, the market's expectations for the second wave of the old dragon or will be reduced.
Market outlook analysis
At the close, the Shanghai Composite Index rose 0.6%, the Shenzhen Component Index rose 0.78%, and the ChiNext Index rose 0.58%. Northbound funds bought a net of 5.058 billion yuan throughout the day, including a net purchase of 1.929 billion yuan in Shanghai-Hong Kong Stock Connect and a net purchase of 3.129 billion yuan in Shenzhen-Hong Kong Stock Connect.
Today, the market as a whole ushered in a general rebound, with more than 4,100 stocks rising in the two cities, and northbound funds buying more than 5 billion yuan throughout the day. However, the fly in the ointment is that the turnover of the two cities has not increased but decreased, and there has been no new direction of leading the rise that has formed a clear resonance with the index, so today's rise has not been able to change the short-term shock structure, and it is expected that the mutual rotation between the hot spots of various themes is still the main theme of the follow-up market. In addition, it should be noted that today's market high-level stocks ushered in a collective decline, once the follow-up loss effect can not be quickly repaired, we need to be wary of the further spread of panic to the rest of the direction.
Due to the collective cover of the high-level board, the short-term sentiment indicator continued to fall and came near the freezing point.
Market news focus
1. Ministry of Industry and Information Technology: Promote the construction of 5G private networks and guide financial institutions to increase investment in "5G + Industrial Internet" On November 23, the General Office of the Ministry of Industry and Information Technology issued the "Guide to the Pilot Construction of the "5G + Industrial Internet" Integrated Application Pilot Zone. Among them, based on regional development and the actual needs of the industry, it is proposed to formulate a pilot plan for the pilot area, clarify the planning objectives, and introduce supporting policy documents. Promote the construction of 5G private networks, equipment transformation, application innovation, etc., and explore and improve the characteristic policy system to support the development of the pilot area. Guide financial institutions to increase investment in "5G + Industrial Internet", expand credit delivery, form high-quality financial products and services, and reasonably reduce the financing cost of enterprises. Give full play to the role of the national industry and finance cooperation platform, improve the construction of financial support innovation system, encourage the establishment of industrial funds, and make comprehensive use of a package of financial instruments, so as to promote the development of the pilot zone through industry and finance cooperation.
2. CETC and Hualu Group implemented reorganization
On November 23, the Financial Associated Press reported that with the approval of the State Council, China Electronics Technology Group Co., Ltd. and China Hualu Group Co., Ltd. implemented a reorganization, and China Hualu Group Co., Ltd. became a holding subsidiary of China Electronics Technology Group Co., Ltd., and was no longer an enterprise that performed the duties of an investor as a State-owned Assets Supervision and Administration Commission of the State Council.
(Finance Associated Press, Fenglin)