Author|Zhao Ling,Editor|Gu Jinfeng
Source: Jufeng Investment Advisory, Good Stock Application
【Jufeng Viewpoint】
On Friday, A-shares fluctuated and pulled back, with the Growth Enterprise Market leading the decline. On the disk, precious metals, jewelry, and household appliances led the gains, while tourism hotels, shipping ports, petroleum, communication equipment, household light industry, non-ferrous metals, and communication equipment rose slightly; aerospace, batteries, agriculture, animal husbandry, and fishery services, and medical services pulled back slightly. In terms of theme stocks, lab-grown diamonds, gold concepts, propylene oxide, vitamins, copper high-speed connections, holographic technology, CPO concepts, optical communication modules, AI chips, superconducting concepts, and automobile dismantling led the gains, while blade batteries, solid-state batteries, sodium-ion batteries, nuclear pollution prevention, chicken concepts, Kirin batteries, composite current collectors, genetically modified, carbon-based materials, silicones, film and television concepts, and AI corpus led the decline.
【Technical Watch】
In the medium term, the market is now on the upswing after a mid-term shock. In the short term, the market has rapidly adjusted into the short market, and the weekly line has been adjusted, and the short-term position control is mainly wait-and-see.
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【Hot Plate】
The concept of gold is active again: Laishen Tongling 9 boards, Guanfu shares, Pengxin Resources, Baoding Technology, Ningbo Zhongbai daily limit, Shengda Resources, Mingpai Jewelry, Chifeng Gold, etc. rose more than 7%.
Copper cable high-speed connection strengthened: Dingtong Internet rose more than 12%, Wall nuclear material punching plate, Zhaolong Internet, Huafeng Technology, Shenglan shares, Weifeng Electronics, etc. were among the top gainers.
Special equipment strengthened: general elevator 20cm daily limit, Xingguang Agricultural Machinery, Jidong Equipment, Meilun Elevator, Kuaiyi Elevator, Construction Machinery, Yongda shares, Xiamen Engineering shares and other daily limits.
The concept of chemical industry rose: Huajin shares rose in a straight line, before Zhengdan shares and Baichuan shares walked out of the 2 boards, Yida shares, Kaisheng new materials, and Jiaao environmental protection rose by more than 6%.
【Inventory of important news】
Multi-sectoral policy "combination punch" to promote large-scale equipment renewal and consumer goods trade-in
On April 11, the Information Office of the State Council held a regular briefing on the policies of the State Council to introduce the "Action Plan for Promoting Large-scale Equipment Renewal and Trade-in of Consumer Goods". A few days ago, the implementation plans for equipment renewal in the industrial field, equipment renewal in the construction and municipal fields, and standard improvement have been introduced one after another, and the follow-up consumer goods trade-in documents, and the implementation plans in the fields of transportation, education, cultural tourism, and medical care are also in the process of formulating and issuing them, and the key tasks in each field will be further refined and clarified.
年股权融资撤否量已攀升近四成 IPO发行费率普涨
Following the decline in the scale of equity financing in 2023 and entering 2024, supervision will continue to become stricter, and equity financing will continue to "shrink the balance sheet". Recently, a number of companies' equity financing projects have been terminated. On April 11, the exchange terminated the review due to the voluntary withdrawal of IPO applications by Jiexin Materials and Aike Medical. On the same day, the Shanghai Stock Exchange terminated the review of Hualing Seiko's private placement of A shares, and the reason was that the company voluntarily withdrew the application.
U.S. stocks overnight: Nasdaq rose 1.68% Popular technology stocks rose
Eastern time on Thursday, the Dow fell 0.01%, the Nasdaq rose 1.68%, the S&P 500 rose 0.74%, popular technology stocks rose, Apple, Nvidia rose more than 4%, Google rose more than 2%, Amazon, Tesla rose more than 1%. Most of the popular Chinese concept stocks rose, Bilibili rose more than 4%, Futu Holdings, Xiaopeng Motors, Pinduoduo, and JD.com rose more than 1%, and Weibo, Baidu, Vipshop, Alibaba, and Tencent Music rose slightly. Weilai, NetEase, and Li Auto fell more than 2%, and iQiyi fell more than 1%.
【Movement of funds】
According to Dongcai statistics, as of the end of the day, the Shanghai and Shenzhen stock markets showed a net outflow of funds, with a total outflow of 21.705 billion yuan from the Shanghai and Shenzhen stock markets on the same day. Among them, the net outflow of large orders was 7.152 billion yuan, the net outflow of large orders was 14.553 billion yuan, the net inflow of medium orders was 1.206 billion yuan, and the net inflow of small orders was 20.499 billion yuan.
【Limit Analysis】
Today, there are 68 up limits and 20 down limits;
Today, the number of up-limit boards in the two markets increased compared with the previous trading day, and the number of down-limit boards decreased from the previous trading day. The price limit data shows that the market sentiment has picked up today from the previous trade. The price limit is mainly concentrated in the reform of state-owned enterprises, the Belt and Road, special equipment and other sectors, and the overall money-making effect of the market is average.
【Opinion Strategy】
In early trading, the three major A-share indexes fell collectively. On the disk, precious metals, jewelry, lab-grown diamonds, home appliances, mining industries, automobile dismantling, shipping ports, AI chips, copper high-speed connections and other sectors are at the top of the list of gainers. Batteries, chicken concepts, silicones, AI corpus, radio and television, film and television concepts, photovoltaic equipment, composite current collectors, insurance, etc. performed poorly and led the market.
In the afternoon, communication equipment, semiconductors and components, auto parts, CPO concepts, coal, tourism hotels, etc. strengthened, special equipment, power equipment and other sectors fell at the end of the session, and the stock index rose and fell. Northbound funds outflowed 5.377 billion yuan in early trading and continued to flow out in the afternoon, with a net outflow of more than 7 billion yuan throughout the day, and the market turnover shrank to around 800 billion yuan.
Since August 2023, the A-share adjustment has been mainly affected by the depreciation of the RMB exchange rate and geopolitical factors. In the medium term, with the implementation of various counter-cyclical adjustment policies and measures, the domestic economy has entered a recovery cycle, and A-shares have gradually found the bottom of the market and fluctuated upward.
Investment advice: Jufeng Investment Consulting believes that under the expectation of economic recovery, A-shares are expected to enter a medium and long-term bull market. In the short term, the market is mainly affected by exchange rates and external geopolitical factors. In the medium to long term, the market has returned to activity, and the attractiveness of A-shares will further enhance in the future. Investors can take advantage of the dip to deploy state-owned enterprise reform targets that are expected to increase their holdings or buy back, and the annual report disclosure has entered a peak period, and the short-term growth style may be under pressure to pull back.
(Author: Zhao Ling Practicing Certificate: A0680615040001)
Disclaimer: The above content is for reference only and does not constitute specific operation advice, and you shall operate at your own risk and profit and loss