U.S. stocks have fallen nearly 6% in just two weeks, and the external market has seen a significant downward trend, coupled with the intensification of geopolitics, the impact on the financial market is relatively large. The instability of the external situation has triggered gold and copper prices to rise again, but the A-share market has been hit by the new policy, and there has been no previous speculation. The national nine caused a sharp divergence in the market, the index represented by micro-cap stocks fell sharply, but the market capitalization of the larger weighted stocks rose, it is expected that the impact of the policy on the market structure will continue for a period of time, and then return to normal, here to be careful that the index does not fall, and the market of individual stocks plummeted.
Riding bulls and watching bears found that the per capita tourism income of the Qingming holiday increased by 1.1% compared with 2019, which is the first time since 2020 that the per capita tourism income of the previous long holiday exceeded that of 2019, showing that since the beginning of 2023, residents' willingness and ability to consume services are still in the process of moderate recovery. The Qingming holiday is shorter, and it is expected to focus on short- and medium-distance travel, and the subsequent May Day holiday and summer travel period are expected to release more long-distance and international travel demand, tourism and vacation have gradually become a rigid demand, and the scenic spot sector continues to benefit from the dual-track parallel consumption of "emotion + rationality", and the performance has a high degree of certainty, and related stocks are expected to usher in a valuation increase.
The three major indexes collectively opened low, with less than 500 red-disk stocks in the two cities, and the performance of the theme sector was relatively strong, while the performance of micro-cap stocks, shell resources, tourism and other sectors was poor. The ST sector continued to fall sharply at the open, with more than 100 stocks such as *ST Zhongjie, ST Dinglong, ST Tongzhou, *ST Carbon Yuan, and ST Zhongjia falling to the limit. A number of performance pre-increase stocks have been repeatedly active recently, the same as the shares of 3 boards, Rongtai Health, Ganneng shares and other shares of the daily limit, Ganneng shares forecast net profit growth of 3286%-3790% in the first quarter of 2024, Rongtai Health forecast net profit growth of 58%-72% in the first quarter, the same share forecast net profit growth in the first quarter of this year increased by 339%-454%.
In 2023, the dividend rate of many central enterprises has been significantly improved, and the dividend momentum is expected to be strengthened and the dividend rate is expected to be further increased under the policy constraints. The concept of low-altitude economy is partially changed, Jiangsu Jiaotong Science and Technology straight line pulled up to seal the 20CM daily limit, Rice information rose more than 8% and hit a new high on the market, CITIC Haizhi, Shenzhen City Communications, etc., Suzhou will hold a low-altitude economic development promotion conference, it is understood that a series of policy measures will be released at the meeting, unveiling and awarding a number of relevant institutions, focusing on signing a number of fund projects and construction projects, and promoting the application scenarios of Suzhou low-altitude economy, and promoting the high-quality development of Suzhou's low-altitude economy.
The Shanghai Composite Index on Tuesday, as Niu Ge said the day before, the index should fall or fall, after all, it is abnormal for such a good policy individual stocks to fall, after all, small and micro companies are also the beginning of small enterprises to become bigger and stronger. If a market only has "big fish" and no "small fish" can not survive, the decline of small and medium-sized micro stocks is also the key to the continuous decline of the theme sector. In the afternoon, pay attention to whether the Shanghai Composite Index can stabilize above 3,000 points.
The ChiNext index had some support near the 60-day line on Tuesday, and once this line falls below, it will go to around 1700 points, which means that the main funds have not moved in the near future, just waiting for the index to fall further. The technology stocks in the theme sector have been overdrawn, although there has been no collective plunge, but the decline of more than 3% of the stocks is hundreds, and the tourism sector has become the target of public criticism, there has been a trend of two consecutive falling limits, this May Day is to "tighten the belt" to go out to play? In the afternoon, pay attention to whether the GEM index can stabilize above 1760 points.
Lunchtime highlights:
1. As of April 15, the financing balance of the Shanghai Stock Exchange was 788.883 billion yuan, a decrease of 635 million yuan from the previous trading day, the financing balance of the Shenzhen Stock Exchange was 703.182 billion yuan, a decrease of 1.956 billion yuan from the previous trading day, and the total of the two cities was 1492.065 billion yuan, a decrease of 2.591 billion yuan from the previous trading day.
2. Morgan Stanley included PetroChina H-shares, Ctrip, and Pop Mart in the key focus list. NetEase ADR, CNOOC, and Kweichow Moutai were removed from the watchlist, and CNOOC and Kweichow Moutai were replaced by Huaxin Cement and Hongfa Technology.