The Shanghai Composite Index returned to 3,000 points after a day, more than 4,500 shares in the whole market were red, and low-altitude economic concept stocks staged a feast of daily limits
On March 28, the Associated Press of Finance reported that the market rose and fell throughout the day, and the three major indexes all rose slightly. On the disk, the low-altitude economic sector continued to break out, and nearly 40 shares such as Shenzhen City Exchange, Wanfeng Aowei, and Lihang Technology rose by more than 10%. The sharp rise in the low-altitude economy has also driven the strengthening of other sectors such as smart light poles, carbon fiber, drones, and satellite navigation. Robot concept stocks are active intraday, and the daily limit of Southern Seiko and Wuzhou New Year. AI concept stocks rebounded, with computing power leading the rise, and Inspur Information and Chengdi Xiangjiang rose to the limit. Consumer electronics concept stocks fluctuated and strengthened, and Zhongjing Electronics, Liding Optoelectronics, etc. On the downside, bank stocks fell into adjustment, and Everbright Bank fell more than 5%. Overall, stocks rose more and fell less, and more than 4,500 stocks rose in the whole market. The turnover of the Shanghai and Shenzhen markets today was 932.2 billion, an increase of 43.4 billion from the previous trading day.
Sector
On the plate, the concept of low-altitude economy continued to break out, Jianxin shares, Shenzhen Chengjiao, Blue Ocean Huateng, Aerospace Hongtu, Jindun shares, Wanfeng Aowei, Shanggong Shenbei, Wolong Electric Drive and other more than 20 shares of the limit, in addition, Guanglian Aviation, Zongheng shares, business network electronics and other stocks also 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.
Zhongtai Securities said that as an important grasp of new quality productivity, eVTOL (electric vertical take-off and landing aircraft) is expected to help the mainland civil aircraft industry "corner overtaking". With significant advantages such as low power consumption and low O&M costs, eVTOLs are expected to further reduce BOM costs (the standard cost of raw materials, parts, tools, and labor required in the manufacturing process) after mass production.
From the perspective of the industrial chain, with the continuous interpretation of the low-altitude economy, its own plate capacity is still expanding. At present, the low-altitude economy is mainly divided into four sections: "low-altitude infrastructure - low-altitude aircraft manufacturing - low-altitude operation services - low-altitude flight support". Previously, the market's hype for low-altitude flights was mainly concentrated in the direction of upstream parts and components, and spread to downstream operations and support.
Therefore, satellite navigation, smart light poles and other themes have also ushered in extended hype, among which Songsheng shares, Aica shares, Infineon, information development, Fiberhome Electronics and other stocks have a daily limit. Huajin Securities pointed out that the combination of 5G-A and low-altitude economy, communication air interface technology gradually landed, in the future, 6G network will enter the integration of air, space and ground, UAV mounted base station will become an important part of three-dimensional networking. However, it should be noted that with today's low-altitude economic concept stocks after the batch limit, the short-term sentiment may tend to climax, and the value rate of chasing up at this time is relatively low.
AI concept stocks also rebounded, with bright performance in the direction of computing power, Inspur Information, Chengdi Xiangjiang daily limit, Aofei Data and Anoqi rose by more than 10%, and Tongniu Information and Zero Point had a number of 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.
In addition, the AI application side also strengthened in the afternoon, Kunlun Wanwei rose by more than 10%, and stocks such as Tianyu Digital, iFLYTEK, 360, Wanxing Technology, and Aofei Entertainment followed suit. However, it should be noted that from the perspective of the distribution of individual stocks, the rebound of AI concept stocks today is significantly weaker than that of flying cars, and most stocks have shown some signs of rising and falling back at the end of the market. It is expected that after today's concentrated repair, there is still a demand for shock consolidation in the direction of AI, and the trend of differentiation and consolidation may continue in the short term.
In terms of individual stocks
At the individual stock level, today's market sentiment has rebounded significantly, with more than 100 shares rising or rising by more than 10%. Among them, low-altitude economic concept stocks occupy half of the country. The degree of short-term active funds for this theme can be seen. Therefore, in the context of the deep involvement of funds, the speculation of this round of low-altitude economy will most likely not end easily. In this context, CITIC Haizhi can still be used as an anchor point for short-term sentiment in the future. CITIC Haizhi took the lead in obtaining the return price limit of funds yesterday, and today it has shrunk again in the form of a word to lead the plate market throughout the day. In addition, stocks such as Wanfeng Aowei and Jindun shares that have always maintained a strong trend are also worth noting, as long as there is no continuous negative feedback of funds in the front row of the above-mentioned core, then there may still be room for making up for the rise in the direction of the back row of the low-altitude economy, so you can focus on the rotation rhythm of each subdivision within the plate.
Market outlook analysis
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.
Today's market showed a general rebound, and driven by the concept of low-altitude economy, the short-term hype sentiment has also picked up significantly. However, it should be noted that the market volume has not improved significantly today, and the index rebounded to near the 5-day line today and then rose again. Therefore, tomorrow's trend is more critical, and it is still necessary to effectively stand on the 5-day line in the form of a volume rise, which is expected to resolve the broken pattern left by yesterday's decline. On the contrary, once the pressure falls again, then under the continuation of the short-term consolidation pattern, the possibility of further downward testing of the index cannot be ruled out.
With the outbreak of the low-altitude economic concept across the board, today's short-term sentiment has picked up significantly, and the sentiment indicator has fluctuated all the way up from near the freezing point to the 0 axis.
Market news focus
1. The recent fluctuations in the steel market have been obvious, and the China Iron and Steel Association advocates that steel enterprises reduce production intensity, reduce inventory as soon as possible, and resist vicious competition
Finance Associated Press on March 28, China Iron and Steel Association issued a proposal to "recognize the situation, maintain concentration, and jointly maintain the stable and orderly development of the steel industry", the main reason for the recent market decline is due to insufficient demand, the real estate market continues to decline, and the intensity of infrastructure construction has slowed down, resulting in slow start to downstream demand. Iron and steel enterprises should take the initiative to follow the self-discipline production mode of "meeting user needs for the purpose and balancing supply and demand as the principle" to reduce production intensity. Recently, the steel market has fluctuated significantly, and there is a phenomenon of chasing up and down, amplifying the volatility, which is not conducive to the smooth operation of the steel market. Iron and steel enterprises should look at market fluctuations rationally, maintain strategic concentration, oppose low-price dumping, resist vicious competition, and jointly create a fair and stable market environment; enhance the awareness of risk prevention, control sales channels, strictly prevent low-price selling to disrupt market behavior, avoid market trampling, and prevent market ups and downs. At present, the scale of China's steel demand is still huge, and what urgently needs to be improved is the industry's ability to adapt to the market. Iron and steel enterprises should rationally analyze, accurately study and judge, fully grasp the market trend, reasonably regulate the production rhythm according to market changes, reduce enterprise inventory as soon as possible, and realize the dynamic matching of supply and demand.
2. Ministry of Commerce: China's lawsuit is a legitimate move The United States has seriously disrupted the global new energy vehicle industry chain and supply chain
On March 28, the Ministry of Commerce held a press conference this afternoon. In response to China's WTO lawsuit against the United States for obstructing electric vehicle manufacturers from purchasing battery materials from China, He Yadong, spokesman for the Ministry of Commerce, said that the United States has introduced the Inflation Reduction Act in the name of responding to climate change and a low-carbon environment and its implementation rules, to use the United States and other specific regional products as a subsidy premise, the formulation and introduction of discriminatory subsidy policies, which distort fair competition, seriously disrupt the global new energy vehicle industry chain and supply chain, in violation of relevant WTO rules, China's prosecution is not only to safeguard the interests of Chinese new energy vehicle enterprises and the global new energy vehicle industry fair competition environment, but also to firmly defend the rules-based multilateral trading system, resolutely maintain the stability of the global industrial chain and supply chain of new energy vehicles.
(Finance Associated Press, Fenglin)