The Shanghai Index stopped at 8 consecutive days, and new industrialization and robot concept stocks broke out across the board
On February 26, the Associated Press of Finance reported that the market fluctuated and adjusted throughout the day, the Shanghai Composite Index stopped 8 consecutive yangs, the index yellow and white time lines continued to diverge, and small and micro cap stocks performed strongly. On the disk, the concept of industrial machine tools stocks opened sharply, Huazhong CNC, Hongde shares, Huadong Heavy Machinery, Huadong CNC and other nearly 20 shares of the daily limit; intelligent logistics concept stocks are active, Dongjie Intelligent, Yinfei Storage, Tianqi shares and other more than 10 shares of the daily limit; robot concept stocks continue to be active, Zhongya shares, Fengli Intelligent, Kelai Electromechanical, Claus and other more than 50 shares of the daily limit. The flying car concept stock was active at the end of the market, and Sunward Intelligent and Koyo shares rose to the limit. The trend of AI concept stocks is differentiated, with Weihaide 20CM7 and Xinyada 6. In terms of decline, coal stocks and other weighted blue chips fell into adjustment, and China Coal Energy fell nearly 5%. Overall, more than 3,600 stocks rose in the whole market, and more than 100 stocks rose to the limit. The turnover of the Shanghai and Shenzhen stock markets today was 989.1 billion, an increase of 67.2 billion from the previous trading day.
Sector
On the plate, the new industrialization concept stocks broke out collectively, the industrial machine concept stocks led the rise, Huazhong CNC, Hengerda, Hongde shares 20CM daily limit, Neway CNC, Deen Seiko, Kede CNC rose more than 10%, East China CNC, Rifa Precision Machinery, Ningbo Jingda, Yawei shares, Qinchuan machine tools and other stocks rose to the limit. On the news side, the fourth meeting of the Central Financial and Economic Commission held recently studied the issue of large-scale equipment renewal and trade-in of consumer goods, including machine tools, boilers, paint equipment and other production equipment.
Shanghai Securities said in a recent research report that 2011-2014 is the peak period of machine tool production, according to the 10-year iteration cycle and the impact of the epidemic delay, the demand for machine tool updates is expected to grow, superimposed high-end product upgrades and the demand for going to sea, it is expected that the machine tool boom is expected to usher in a recovery in 2024.
The concept of robots also rose in the front, Kelai Electromechanical 12 boards, Jinglun Electronics 6 boards, Claus 5 boards, Heforging Intelligent 4 boards, Zhongwei Electronics 3 boards, in addition to Zhongya shares, Fengli Intelligence, Yahua Electronics, Jieqiang Equipment, Delmar and other stocks up and down. On the news side, Tesla shared a new video of Optimus on Saturday, compared to the video released a few weeks ago, the Optimus shown this time has a more steady pace and smoother movements during walking. In addition, Bezos, Nvidia and other big tech companies are investing in Figure AI, a humanoid robotics startup that raised about $675 million in a funding round and was valued at about $2 billion pre-investment.
Southwest Securities Research Report pointed out that the humanoid robot industry is in the late stage of the 0-1 stage, which will form a huge industrial trend. Tesla, Xpeng, Huawei, etc. have deployed humanoid robots to lead industrial transformation. With the blessing of AI, it is expected to solve the problem of the versatility of humanoid robots. National policies encourage and support the development of the humanoid robot industry, which is expected to accelerate the pace of localization of the industrial chain.
In addition, the fourth meeting of the Central Financial and Economic Commission also emphasized that it is encouraged to encourage and guide the trade-in of household appliances and automobiles, and the trade-in of consumer goods such as household appliances and automobiles, so the household appliances and automobile chains are also strong in the intraday. From the perspective of the market, the reason why the direction of the new information industry will break out today may essentially be an attempt to rotate the high-low and low of short-term active funds. AI concept stocks in the repeated speculation today internal differences have intensified significantly, some funds choose to take profits at a high level and then return to the inflow, new industrialization, robots and other levels are still relatively low direction. On the other hand, it is worth noting that due to the fact that the GEM stock Weihaide has successfully activated the money-making effect of 20CM stocks, coupled with the improvement of the market's risk appetite, it can be clearly felt that 20CM stocks are gradually becoming the object of market chasing.
In terms of individual stocks
On the one hand, short-term speculation continues to be active, and there are still more than 100 shares in the whole market. Last Friday, 15 stocks with more than 3 boards, except for 263, failed to close the limit, and the rest were all promoted. Among them, Kelai Electromechanical was promoted to 12 consecutive boards, and Weihaide once again rose in the afternoon to go out of 7 consecutive boards, with a cumulative increase of more than 250% in 7 trading days. Therefore, after the high standard opened the market height, the funds began to carry out large-scale imitation speculation, and the technology stocks represented by the new industrialization showed a trend of full flowering, which led to the small and micro cap stocks being able to continue to strengthen against the trend in the context of the index pullback. However, it should be noted that once the follow-up index continues to pull back, it will inevitably have an adverse impact on short-term sentiment, and some stocks may face the risk of elimination.
The high-dividend heavyweight stocks collectively pulled back and dragged the index into consolidation, with stocks such as China Coal Energy, China Shenhua, Huaibei Mining, Postal Savings Bank, China Construction Bank, and China Merchants Highway falling more than 3%. As previously suggested in the article, short-term volatility may have intensified in the previous acceleration of high-dividend stocks, but for now, most stocks have not seen a destructive downward trend, and the medium-term bullish trend has not been disrupted.
Market outlook analysis
At the close, the Shanghai Composite Index fell 0.93%, the Shenzhen Component Index fell 0.04%, and the ChiNext Index fell 0.37%. Northbound funds sold a net of 1.313 billion yuan throughout the day, of which 829 million yuan were net bought through Shanghai Stock Connect and 2.142 billion yuan were net sold through Shenzhen Stock Connect
Today's market differentiation intensified, the index side was relatively weakly affected by the weight of blue chips, the three major indexes closed down across the board, and the volume and energy also increased slightly compared with last Friday. However, after the Shanghai Composite Index 8 consecutive yang, the short-term divergence is still reasonable, and there is still a certain momentum when it falls to near the 5-day line in today's intraday. For the continuation of the rebound in the future, we can pay attention to two key points: 1) whether the 5-day line can be effectively stabilized, and 2) whether the loss effect of individual stocks is significantly amplified. As long as the follow-up index does not show a weakening signal such as a large volume falling below the 5-day line, or a significant increase in intraday falling limits and stocks falling by more than 7%, this round of rebound is still expected to continue in a volatile upward mode.
Although the index fell into consolidation today, the money-making effect of individual stocks continued, and there are still more than 100 shares in the city, so the short-term sentiment indicators can still be maintained above the active zone.
Market news focus
1. Qualcomm Releases 5G Flagship Modem: Integrated AI Technology to Support Satellite Communications"
On February 26, the Associated Press of Finance learned that Qualcomm today released its latest flagship 5G modem - Snapdragon X80. It is the first modem to integrate narrowband (NB) to non-terrestrial network (NTN) satellite communications support, and also features a dedicated AI processor and integrates the third generation of the 5G AI Suite (5G AI Suite Gen 3). Qualcomm claims that when the X80 is connected to a mmWave network, it can reduce power consumption by 10% and improve positioning accuracy by 30%. It is reported that Qualcomm is providing samples of the X80 5G modem to partners, and it is expected that commercial devices equipped with the chip will be available in the second half of 2024.
2. From now on, flexibly employed persons can contribute to the housing provident fund in Han
On February 26, with the approval of the Ministry of Housing and Urban-Rural Development and the consent of the Wuhan Municipal Party Committee and Municipal Government, the pilot project of the housing provident fund system for flexible employment personnel in Wuhan will be fully launched today. Have reached the legal employment age, have full civil capacity, and have paid the basic pension insurance for enterprise employees at the flexible employment window in Wuhan for 6 months or more, and the payment period has been 6 months, and the payment time is part-time
(Finance Associated Press, Fenglin)