The Shanghai Composite Index rebounded back to the 3,000-point mark, and the huge repurchase of the leading target led the real estate sector to rise sharply for a long time

Sector

On the plate, the real estate sector was among the top gainers, with CCCC Real Estate, Zhongdi Investment, Dalong Real Estate, and Fuxing Shares. On the news side, Poly Development announced that it plans to repurchase shares with 1 billion yuan to 2 billion yuan, and the actual controller intends to increase its holdings by 250 million yuan to 500 million yuan.

With continuous policy support, the market in high-energy cities will be the first to recover, and the improvement of second-hand housing transactions will also help to open up the replacement chain to drive the recovery of first-hand house sales. Recently, the central bank said that it would maintain the steady operation of the real estate market, and major banks such as Bank of China and Industrial and Commercial Bank of China have voiced their support for real estate financing, and industry credit is also expected to be repaired. In the future, we can focus on high-quality first- and second-tier cities, leading central state-owned enterprises with a high proportion of improved products, and improved real estate enterprises. However, it should be noted that since the overall fundamentals of the real estate sector have not yet been reversed, today's rise is still regarded as a repair and reversal, and the follow-up is likely to show local stock opportunities.

The education sector strengthened in intraday trading today, with its China New Culture, China Hi-Tech rising limit, Broadcom Shares, Onlly Education, and All-Access Education rising more than 5%. Goldman Sachs Group recently released a research report saying that China's education industry is entering a new stage of development, driven by the demand for non-subject teaching aids and self-learning, and is optimistic about industry leaders such as New Oriental and Good Future, because of its better business resilience and growth visibility. In addition, with the further upgrade of AI large models in the direction of multimodality, it is also expected to drive the application of education fields, so it may be regarded as an extended hype of AI applications for education.

The concept of state-owned enterprise reform stocks has been repeatedly active, among which Nanjing state-owned assets stocks have obvious changes in the afternoon, Nanjing Business Travel, Nanjing Public Utilities, and Nanjing Port have daily limits. Combined with Sichuan Jinding, which currently represents the height of the market, Cultural Investment Holdings (5 boards) also contains the concept of local state-owned assets. Although it is difficult to form the main line of leading the rise due to the chaos of individual stocks in the state-owned enterprise reform sector, with the mining of short-term funds, those with local state-owned assets background may be expected to become an important superimposed attribute in the selection of stocks with other themes.

In terms of individual stocks

Today's short-term theme hype has picked up, and the most intuitive embodiment is that the high-level stocks that have previously encountered divergences have ushered in a collective repair. Among them, Nanjing Business Travel once again rose to the limit of 11 days and 8 boards, Xinyada, Huifa Food, Tianwei Video, Shenglong shares and other stocks also rose to the top. On the one hand, with the continuous rebound of the index, the short-term speculative speculation has been repaired, on the other hand, the concept of today's trend-style AI has fallen into a divergence, and the overall market volume can shrink significantly, all of which have prompted active funds to return to the direction of the previous high-level board stocks. However, it should be noted that a lot of hedging selling pressure has accumulated in the process of the previous pullback, and if you want to resolve it all, you still need more funds to enter the relay.

AI concept stocks are more obviously differentiated, although the AI application side is differentiated as a whole, but the media sector in the front row of the core target continues to be strong, Dragon Media 8 days 7 boards, cultural investment holdings 5 boards, multi-modal concept stocks Suzhou Science and Technology 4 boards, and the hardware direction of the loss effect is more obvious, of which Cambrian fell more than 9%, CPO leading stocks Zhongji Innolight, Xin Yisheng also fell more than 4%. Therefore, tomorrow, we need to be vigilant against the risk of negative feedback in the hardware direction extending to the entire AI industry chain.

Market outlook analysis

At the close, the Shanghai Composite Index rose 0.4%, the Shenzhen Component Index fell 0.08%, and the ChiNext Index fell 0.62%. Northbound funds sold a net of 5.024 billion yuan throughout the day, including a net sale of 1.829 billion yuan in Shanghai-Hong Kong Stock Connect and a net sale of 3.195 billion yuan in Shenzhen-Hong Kong Stock Connect.

Today's three major rising indexes were mixed, among which the Shanghai Composite Index was relatively strong, regaining the 3,000-point mark. As far as the short-term perspective is concerned, it is enough to pay attention to the 5-day moving average first, as long as it does not effectively fall below, the volatile rally pattern may be expected to continue. However, it should be noted that today's volume has shrunk significantly compared with yesterday, falling below 800 billion yuan. From the perspective of the market, as AI concept stocks fall into divergence, today's market hotspots appear to be more scattered, and most of the funds are fighting separately. In this context, the market outlook should focus on two major priorities: 1) from the perspective of turnover, less than 800 billion volume energy can not support the continuous rebound of the index, and the subsequent volume energy should be maintained at least above 860 billion; 2) As the direction with the highest resonance with the index in the near future, the strength of the follow-up AI direction will also affect the continuity of this round of index rebound to a certain extent.

On the emotional side, with the collective repair of the direction of high-level stocks, today's short-term sentiment has picked up significantly, and the sentiment indicator has re-stood on the 0 axis, and once it bounced up to near the active zone.

Market news focus

1. Cyberspace Administration of the People's Republic of China: From now on, a one-month special action will be launched to "clear and rectify the problem of poor information content guidance in short videos".

On December 12, the Central Cyberspace Administration of China launched a one-month special action to "clear and rectify the problem of poor information content orientation of short videos" from now on. Focusing on the frequent chaos in the field of short videos, focus on rectifying the following three types of negative video information content orientation: 1) the problem of short video dissemination of false information, 2) the problem of inappropriate display of short videos, and 3) the problem of short video dissemination of wrong concepts.

2. U.S. Secretary of Commerce: We are discussing with NVIDIA the issue of selling AI chips to China

Finance Associated Press on December 12, according to Taiwan's "Economic Daily" website reported on December 12, U.S. Secretary of Commerce Raimondo said that the U.S. government is discussing with Nvidia the issue of allowing the sale of AI chips to China, but stressed that Nvidia cannot sell the most advanced chips to Chinese companies. She also said that the U.S. is carefully studying the details of the three AI chips that Nvidia is developing for China. (Reference message)