U.S. stocks continued to rise to new highs, commodities were affected by external geopolitics, and global financial markets ushered in a new round of rebound. A-shares have also risen with the help of the bottom 2 long white lines, but this round of rebound is dominated by heavy stocks, especially the blue-chip sectors represented by Zhongzitou and banks continue to be strong, making the blue-chip index get rid of weakness, and the Shanghai 50 index has rebounded significantly. The small and medium-sized innovation sector has fallen by a large margin, and the ChiNext index has instead seen a new low in the market, which is a bit of a feeling of "red on the surface and bitter in the heart"! Now that there is still more than a week before the Spring Festival, the last chance to "make everyone happy" is at the beginning of this week.
Under the valuation system with Chinese characteristics, the value of enterprises needs to be fully considered as an important factor of national policies, and the value of central enterprises is expected to be revalued with the promotion of national policies in the future. As the "ballast stone" of stable economic development, central state-owned enterprises have played a mainstay role in stabilizing growth. With the acceleration of the market-oriented reform of central state-owned enterprises, through strategic restructuring and professional integration, the cultivation of world-class demonstration enterprises and chain length enterprises will play an exemplary role in the market-oriented transformation, and there is still room for improvement in profitability.
The three major indexes opened mixed, and then the ChiNext index took the lead in falling more than 1%, and there were less than 1,000 red stocks in the two cities. The new stock sector opened sharply, C Meixin opened 28% higher, C Shengjing opened 13% higher, Tengda Technology, Yongda shares and other shares of the bidding limit, announced to further optimize the securities lending mechanism, Shanghai and Shenzhen Stock Exchange, China Securities Finance also decided to suspend strategic investors in the promised holding period to lend allotted shares. Diet drug concept stocks strengthened in early trading, Jinkai Biotech 20% limit, Haofan Biotechnology, Nuotai Biotechnology, etc. have risen sharply, and Novo Nordex oral meglutide tablets have been approved by the National Medical Products Administration (NMPA) for the treatment of type 2 diabetes.
Shanghai local stocks continued to be strong last week, Changjiang Investment, Shanghai Trade, Pudong Jinqiao, Huajian Group, Changlian Shares, Shanghai Phoenix 5 boards, Bright Real Estate 3 boards, Shanghai will make every effort to promote the comprehensive reform pilot of Pudong New Area, accelerate the construction of a national institutional opening demonstration zone, and implement a new round of business environment reform. The photovoltaic sector fell rapidly, Jiayu shares fell to the limit at 20CM, TCL Zhonghuan hit the fall limit, and TCL Zhonghuan announced that the net profit in 2023 would decrease by 29.60%-38.40% year-on-year, of which the fourth quarter is expected to lose 1.388 billion yuan to 1.988 billion yuan. The head plate of the word is active against the trend, China Television Media 7 days and 6 boards, COSCO Tong, China Post Technology 20CM daily limit, China Haicheng, China Power Port daily limit, held the 2024 system work conference last Friday, the meeting emphasized that the market value will be included in the evaluation system of central enterprises and state-owned enterprises, and the study will increase the constraints on low-valued listed companies from the perspective of information disclosure.
The Shanghai Composite Index did not rise further after opening slightly higher on Monday, and fluctuated up and down near the flat line in early trading, showing obvious volatility. Stocks in the two cities fell more and rose less, and only more than 900 stocks rose near midday, which led to the emergence of the market of "making money on the index but not making money". According to Brother Niu mentioned last week: "The main capital is to force everyone to cut meat into large-cap stocks, thereby driving the index upward." Some funds did this, but the result was not so strong, Brother Niu reminded again: "Don't chase the rise and kill the fall!" In the afternoon, pay attention to whether the Shanghai Composite Index can stabilize above 2900 points.
The ChiNext index opened lower on Monday, falling more than 2% intraday, which also led to a large decline in individual stocks, with more than 500 stocks falling more than 5% in early trading. Judging from the current market situation, the grabbing of funds for large-cap stocks VS small- and medium-cap stocks is more obvious, QDII funds are subject to purchase restrictions, and some large funds may play a "return gun" to participate in the low absorption of A-shares at a low level, but the Spring Festival time is running out, and whether there can be a real rebound depends on this week! In the afternoon, pay attention to whether the ChiNext index can stabilize above 1620 points.
Lunchtime highlights:
1. The People's Bank of China carried out a 7-day reverse repurchase operation of 500 billion yuan in the open market today, with an interest rate of 1.8%, the same as before. There are 122 billion yuan of reverse repurchase due today.
2. The last round of oil price adjustment before the Spring Festival is coming. According to the domestic refined oil price adjustment mechanism, domestic oil prices will start a new round of price adjustment at the end of this month (24 o'clock on January 31). On January 26, the domestic reference crude oil change rate on the 7th working day was 3.06%, and it is expected that gasoline and diesel will be raised by 130 yuan/ton, which has broken through the red line of 50 yuan/ton. According to the current increase, the domestic oil price will be raised by 0.10-0.11 yuan / liter after conversion, and the owner will have to spend 5-5.5 yuan more if he wants to fill up a car with a fuel tank of 50 liters. Recently, international oil prices have continued to rise, so this round of oil price increases should be a high probability event.