Today, A-shares rebounded sharply, with the CSI 1000 rising more than 4%, and major stock indexes such as the Shanghai Composite Index and the Shenzhen Component Index rising more than 2%. Nearly 5,000 stocks in the two cities are in the red, of which more than 700 shares are up or up more than 10%. However, the transaction volume shrank slightly, indicating that market confidence has yet to be restored.
On the disk, none of the industry sectors rose, and PEEK materials, micro-cap stocks, low-altitude economy, chips and other sectors rose sharply. The top 10 ETF gainers are all CSI 2000 underlying funds.
Wind real-time monitoring data shows that Shenwan's electronics industry received a net inflow of nearly 5.2 billion yuan of main funds throughout the day, automobiles, banks, machinery and equipment received a net inflow of more than 3 billion yuan, and building decoration, communications, and computers received a net inflow of more than 2 billion yuan. Only the three major industries of food and beverage, textiles and apparel, and beauty care had a slight net outflow of funds.
For the market outlook, CICC said that A-share listed companies will enter an intensive disclosure period of quarterly reports in mid-to-late April, and industries and individual stocks whose performance is expected to exceed expectations may become one of the main lines of investors' attention. Sectors that are expected to have a higher year-on-year earnings growth rate in the first quarter of 2024 include automobiles, agriculture, forestry, animal husbandry and fishery, machinery and equipment, electronics, and social services.
Galaxy Securities believes that the new delisting regulations are a powerful supporting document for the new "National Nine Articles", and the new delisting regulations focus on improving the overall quality of existing listed companies, through strict delisting standards, increasing the "zombie shell" and "black sheep" to clear out the "shell" resource value, which can be described as "good money drives out bad money". The basic trend of China's long-term economic improvement will not change, and the external environment is still waiting for European and American countries to release liquidity, and the A-share market will remain volatile and upward.
In terms of the number of daily limits, more than 200 shares in the micro-cap stock sector rose or rose by more than 10% today, ranking first among all industry sectors. Among them, 10 shares such as Yitong New Materials, Zhuojin Shares, Nanhua Instruments, and GQY Video have a 20% daily limit.
Founder Securities said that not all small and micro market capitalization stocks are junk stocks. The growth and investment value of many small and medium-sized market capitalization stocks are very high, especially the leading stocks in the technology growth segment track have medium and long-term investment value, which have been wrongly killed in this round of structural adjustment, but the investment value has also risen instead of falling.
In addition, there are nearly 200 shares in the specialized, special and new sector, which have a daily limit or an increase of more than 10%. Yabaoxuan and Huami New Materials once hit the 30% daily limit, and Daswell shares, Haichang New Materials, Taixiang shares, and Lin Weinano and other more than 10 shares had a 20% daily limit.
Guojin Securities pointed out that in 2024, many places will make efforts to lay out new quality productivity, and specialized and special new enterprises may be key "positions". With the support of key policies, the operating capabilities of specialized, special and new enterprises have maintained their advantages, and the revenue growth rate of "little giant" listed enterprises has continued to be higher than that of industrial enterprises above designated size, and the ROA level is higher than that of A-shares as a whole. In terms of industries, the ROA of the automobile and other equipment manufacturing industries ranks in the forefront, and the ROA of the petrochemical and steel industries is significantly higher than that of the A-share listed companies in the same industry.
It is worth noting that Anhui Heli, Haixing Electric Power, Action Education, Agricultural Bank of China, etc. hit a record high today (resumption). The common characteristics of these stocks are steady growth in performance and large cash dividends.
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