【Focus Review】The Shanghai Composite Index regained 3,000 points and then rose and fell, and the pan-AI direction collectively counterattacked, and the low-altitude economic sentiment climbed to a new peak
Finance Associated Press on March 28, today's 76 shares of the limit, 38 shares of fried boards, the sealing rate of 67%, Ningke Biology 7 boards, Watson Technology 6 boards, Aili Home, Yazhen Home 5 boards, Fengshan Group, Lianming shares 3 boards, Nanfang Seiko 6 days 3 boards, Sanxiang New Materials 3 days 2 boards, Jinghua Laser, Tianhe shares 4 days 2 boards. Beijing Stock Exchange Hengtuo open source 30CM first board. More than 4,500 stocks rose in the whole market; in terms of plates, low-altitude economy, smart light poles, copper cable high-speed connections, satellite navigation and other sectors rose first, while a few sectors such as banks and pork fell.
Market Overview
Indicators show that short-term sentiment opened sharply lower today and stabilized quickly after piercing the freezing line in early trading, after which short-term sentiment was driven by the strength of multiple sectors in turn with the index to carry out synchronous shock repair. In the afternoon, as the index staggered at a high level, the short-term sentiment volatility increased, and finally closed slightly below the 0 axis.
In terms of individual stocks, the food preservation concept Ningke Biotechnology has 7 boards, the textile stock Watson Technology has 6 boards, the home furnishing stocks Aili Home Furnishing and Yazhen Home Fnishing have 5 boards, and the solid-state battery concept Fengshan Group and Tesla Concept Lianming Co., Ltd. have been promoted to 3 boards. Although the promotion rate of even board stocks has returned to about 50%, the two low-altitude economic even board stocks of Anbang Escort and Kerui Technology have both failed to advance. It can be seen that funds are more willing to focus on the pure emotional game varieties with weak logic in the board stocks, while the leading varieties of the mainstream sector mostly continue to rise in an upward posture after the board is broken.
The index opened almost flat this morning, Everbright Bank opened low in early trading, and once approached the fall limit, and the downturn in financial sectors such as banks temporarily put pressure on the Shanghai Composite Index. Stimulated by intensive policies, the concept of low-altitude economy reappeared this morning with a large-scale daily limit. In addition, pan-technology sectors such as computing hardware, consumer electronics, and robots have broken out successively, and the stock index continued to expand its gains intraday. However, high-dividend stocks such as banks weakened again in the afternoon, dragging down the index's gains to a narrower, and the Shenzhen Component Index maintained an increase of more than 1%. The turnover of the Shanghai and Shenzhen markets today was 932.2 billion, an increase of 43.4 billion from the previous trading day. At the close, the Shanghai Composite Index rose 0.59%, the Shenzhen Component Index rose 1.31%, and the ChiNext Index rose 0.95%.
Northbound funds bought a net of 2.335 billion yuan throughout the day, including a net purchase of 2.559 billion yuan in Shanghai-Hong Kong Stock Connect and a net sale of 225 million yuan in Shenzhen-Hong Kong Stock Connect.
Focus sectors and individual stocks
Recently, with the intensive blessing of policies and news, today's low-altitude economic concept once again presents a large-scale daily limit, Wanfeng Aowei, Shenzhen City Exchange, CITIC Haizhi, Rice Information, Jindun Shares, Sunward Intelligence and other nearly 40 stocks rose more than 10%. On the news side, the Ministry of Industry and Information Technology and other four departments issued the "Implementation Plan for the Innovative Application of General Aviation Equipment (2024-2030)". Among them, it is proposed that by 2030, general aviation equipment will be fully integrated into all fields of people's production and life, becoming a powerful driving force for low-altitude economic growth and forming a trillion-level market scale. Promote the airworthiness certification of a number of new consumer general aviation equipment such as electric vertical take-off and landing aircraft (eVTOL). Encourage the research and development of flying car technology, product verification and exploration of commercial application scenarios.
Following yesterday's intraday Shenzhen released a series of policies for the low-altitude economy, the Ministry of Industry and Information Technology and other four departments issued a document to once again push the trillion-level market size of the low-altitude economic industry, in addition to the development of general aviation equipment such as flying cars, the relevant supporting low-altitude infrastructure shortcomings have become a major highlight. Therefore, in addition to the continued rapid development of flying cars and drones, branches such as synaesthesia integration with smart light poles as the core and low-altitude economic infrastructure also ushered in an outbreak today. However, the full spread of today's hype in the sector will undoubtedly usher in a climax again, and the next day may meet the divergence, whether some low-level and high-recognition varieties can achieve the promotion of the board or determine its follow-up sustainability.
The robot industry chain ended the previous continuous high-level adjustment, and launched a decent rebound in the intraday, Wuzhou New Year, Southern Seiko, Eston, Benchuan Intelligence, Tuopu Group, Jin Baize, Buke shares and other shares rose more than 6%. On the news side, the launching ceremony and product release of Zhejiang Humanoid Robot Innovation Center was held in Ningbo on March 27, at the scene, the innovation center released the first global self-developed humanoid robot "Navigator No. 1" and multi-degree of freedom dexterous hands, in the AI large model, computing power, sensors, control systems and other technologies with comprehensive support, at present, it can successfully complete simple actions such as wiping the table, pouring tea and pouring water, and even mobilize the whole body to perform "dance".
In addition to the above news, Zhiyuan Robot announced plans to build the first mass production plant of humanoid robots in Shanghai, and launched the expedition A1 Zhiyuan embodied intelligent robot in August. In addition, Musk revealed that Tesla has achieved remarkable results in reducing the cost of humanoid robots, which means that compared with the manufacturing costs of traditional robots as high as hundreds of thousands or even millions of dollars, Tesla's humanoid robots are expected to achieve a subversive breakthrough in price. Because many low-altitude economic concept stocks are superimposed with the concept of robots, or form a strong positive traction for the robot industry chain.
AI servers, copper high-speed connections and other computing hardware today collectively picked up, Inspur Information, Chengdi Xiangjiang, Wutong Holdings, Tongyu Communication, Xinya Electronics daily limit, Dingtong Technology, Aofei Data, Tongniu Information, Hongxin Electronics, Unisplendour shares and other top gainers. On the news side, the Beijing Data Basic System Pilot Zone was unveiled in Haidian District, Beijing on the 26th, and the Pilot Zone was extended to Haidian. At the ceremony, the deployment of 3500P new computing power was in place, which will provide computing power and data integration services for large model enterprises and strengthen the supply of key elements of artificial intelligence.
With the iteration and development of generative AI, the scale of large models is expanding at an astonishing rate, and trillions of parameters have almost become the standard configuration of general-purpose large models. Combined with NVIDIA's H20 version of customized chips, it is expected to form a supply, and the Wanka cluster model will also effectively resolve the huge gap between the computing power of a single card at home and abroad. The copper cable high-speed connection concept, which was dragged down by the ebb tide of sentiment yesterday, has been repaired more than expected today, focusing on the undertaking strength of the 10 cm core in the front row of the plate.
The consumer electronics sector launched a decent repair intraday, Huawei P70 and AI mobile phone PC industry chain led the rise, Xinyin Electronics, Chaoyang Technology, Liding Optoelectronics, Holitai, Chaoyang Technology and other shares rose to the limit, Guanghong Technology, Yunzuka Technology, Furong Technology, O-film and other top gainers. On the news side, Guo Ming-chi of Tianfeng International Securities pointed out that if the current strong demand for inventory replenishment in the mobile phone market can continue to the first half of 2024, the annual shipments of Huawei P70 series smartphones are expected to achieve a significant leap, with a year-on-year increase of 230%, and the total amount is expected to fall between 13 million and 15 million units.
In addition to the Huawei P70 release next month, the new folding screen mobile phone released by Vivo will also be equipped with AI functions, or drive the AI process of folding screen mobile phones in advance, in addition, the progress of Intel and Microsoft's new AI PC release and Apple's iPhone equipped with generative AI large models have also attracted much attention. If the computing power and AI application side have been repaired one after another, it is also interesting to see whether the "AI-included" improvement of consumer electronics is expected to drive the repair of this sector.
On the whole, today's market shows a certain two-eight divergence trend, although the index failed to repair the five-day moving average, but the repair of individual stocks is still considerable, but more than half of the more than 70 stocks are low-altitude economy-related industrial chains, and there is still great uncertainty in its follow-up efforts. However, in addition to the low altitude, whether it is humanoid robots, computing hardware, AI applications, etc., it is basically dominated by offensive plates, so the repair of today's market still has a high gold content. However, at the index level, due to the failure of the volume to break through the 5-day average today, combined with the 60-minute line, it also failed to hit the 20-hour moving average again, so the bottoming situation of the index stage may still be difficult to change.
Today's daily limit analysis chart:
(Finance Associated Press, Jin Haoming)