A-shares rebounded strongly today, opening higher throughout the day, and the three major A-share stock indexes collectively closed higher.
As of the close of trading on April 17, the Shanghai Composite Index rose 2.14%, the Shenzhen Component Index rose 2.48%, the ChiNext Index rose 2.11%, and the Beijing Stock Exchange 50 Index rose 4.25%. The micro-cap index rose 9.68%, more than 5,100 stocks rose in Shanghai and Shenzhen, and more than 1,000 stocks rose more than 9%.
The turnover of the Shanghai and Shenzhen stock markets today was 918.5 billion, a decrease of 28.7 billion from the previous trading day. Northbound funds sold a net of 232 million yuan throughout the day, of which 255 million yuan were sold through Shanghai Stock Connect and 23 million yuan were net bought through Shenzhen Stock Connect.
Vanke bonds fell more than 12% in the afternoon, "22 Vanke 06" fell more than 12%, "22 Vanke 04" fell more than 7%, "21 Vanke 02" fell more than 5%, and "21 Vanke 04" fell more than 3%.
Small and micro-cap stocks rebounded, with the CSI 2000 Index up 6.66% and the Wind Micro-Cap Index up 9.68%. The dividend ETF rose 1.02%. The ST sector index fell again, closing down 0.21%.
Yesterday evening, Guo Ruiming, director of the Department of Supervision of Listed Companies of the China Securities Regulatory Commission, responded to questions about dividends and delisting by answering reporters' questions. He said that if the company is subject to other risk alerts (ST) only because the dividend does not meet the standard, it will not lead to delisting. According to estimates, the number of companies that will be delisted by the Shanghai and Shenzhen stock exchanges next year is expected to be about 30.
Regarding the market's view that "the revision of the delisting rules is mainly aimed at small-cap stocks", Guo Ruiming said that "this is a pure misreading". He said that the adjustment of the delisting index is aimed at increasing efforts to clear out the "zombie shell" and "black sheep", not for "small-cap stocks". Steady arrangements have been made in terms of standard setting and transition period arrangements, which will not have an impact on the market in the short term.
In terms of individual stocks, Hytera closed at 3.71 yuan on the 17th, with a turnover of 193 million yuan.
Before the market on the 17th, Hytera announced that the company appealed to the U.S. Court of Appeals for the Seventh Circuit on April 4, 2024, U.S. time, requesting to revoke the original relevant judgment of the Federal District Court of Illinois. In the early morning of April 17, 2024, the Court of Appeal issued an order suspending the execution of the product ban and fines issued by the court of first instance against the company, which took effect immediately. The company will work closely with its global partners to immediately resume normal business activities and start sales of related products.
In terms of sectors, TMT broke out across the board, with memory chips, PEEK materials, and CPO concepts leading the rise throughout the day; environmental protection, machinery, automobiles, chips, and education sectors were among the top gainers; and the Bank of China and the Agricultural Bank of China hit a record high in the afternoon.
1. Low-altitude economy and flying cars are active
Jindun shares, Rice information rose 20%, and 11 stocks such as Jianxin shares, Shangluo Electronics, Zongheng shares, and Haite High-tech rose by more than 10%.
Although PEEK materials and spatial computing, which have risen in the past, have risen in the direction of robots, new energy vehicles or AI, they are actually related to the low-altitude economy today.
According to CCTV Finance, since the beginning of this year, the low-altitude economy has become a new engine of economic growth, and 17 provinces have included the development of the low-altitude economy in this year's key work. The construction of infrastructure related to the low-altitude economy is also accelerating, including key areas such as the Beidou flight navigation system, digital maps, air traffic control centers, drone take-off and landing points, and drone nests. Many industry insiders expect that a new trillion-level market will be formed.
Jin Xiandong, director of the Research Office of the National Development and Reform Commission, said at the press conference on the 17th that in the recent period, everyone has been very concerned about the low-altitude economy. The low-altitude economy involves logistics and transportation, urban transportation, agriculture and forestry plant protection, emergency rescue, sports and leisure, cultural tourism and other fields, as well as high-end manufacturing, artificial intelligence and other industries, with a wide range of service areas, long industrial chains, diversified business and other characteristics, is a strategic emerging industry with broad prospects, and is also a typical representative of new quality productivity, and actively and steadily promotes the development of low-altitude economy is of great significance and bright prospects. In the next step, the National Development and Reform Commission will coordinate and cooperate with relevant departments, adhere to the principle of seeking progress while maintaining stability, better coordinate high-quality development and high-level safety, and promote the formation of a good situation of healthy development of the low-altitude economy with rich and diverse scenarios, intelligent and efficient supply, and standardized supervision and safety, with market demand as the traction, technological innovation as the drive, and airspace opening as the guarantee.
2. TMT sector
In terms of the semiconductor industry chain, BIWIN Storage ushered in a 20% daily limit. On the evening of April 16, the company released a performance forecast, which is expected to achieve a net profit attributable to the owners of the parent company of 150 million yuan to 180 million yuan in the first quarter of 2024, an increase of 219.03% to 242.84% year-on-year, and achieve a turnaround.
In terms of AI, both the hardware side and the application side have risen.
On the evening of April 16th, Liu Qiangdong appeared in the live broadcast room of Jingdong Home Appliances and Jingdong Supermarket in the form of "procurement and sales AI digital human". According to JD.com's data, in less than 1 hour, the live broadcast room had more than 20 million views.
In terms of consumer electronics, MR (mixed reality), flexible screens and other sectors rose sharply.
A few days ago, Huawei has made new moves in the mobile phone brand, and the Pura 70 series mobile phones, which have attracted much attention from the outside world, are about to be unveiled. In addition, the latest report released by IDC shows that global PC shipments in the first quarter of 2024 will be 59.8 million units, a year-on-year increase of 1.5%. This is also the first time that the global PC market has ushered in a quarter-on-quarter year-over-year growth after two consecutive years of decline. In addition, AI mobile phones are also a catalyst for the recovery of the industry.
The biggest difference between the two directions is that the low-altitude economy-related sectors have risen relatively high during the year, and in the AI direction, except for the Sora concept, most of the other branches have fallen by 20%~30% during the year.
3. The education stock has collectively strengthened
As of the close, Kaiyuan Education rose 20%, Kede Education rose more than 13%, Oriental Fashion, Chuanzhi Education, Jingyeda, Xueda Education, Onlly Education, Kaiwen Education, All-Access Education, Meijim, Zhonggong Education, etc. were among the top gainers.
Nine departments, including the Ministry of Human Resources and Social Security, recently released the Action Plan for Accelerating the Cultivation of Digital Talents to Support the Development of the Digital Economy (2024-2026). The plan closely follows the needs of digital industrialization and industrial digitalization development, and takes about three years to carry out special actions such as cultivating, attracting, retaining and employing digital talents, increasing the effective supply of digital talents and forming a digital talent agglomeration effect.
SDIC Securities said that the marginal improvement of the education industry policy and the clearing of the industry supply will make education companies expected to benefit from the release of industry demand and achieve a performance reversal. Previously, the Ministry of Education issued the "Regulations on the Administration of Extracurricular Training" to release the signal of continuous improvement of education policy, the focus of the policy has shifted from "blocking" to "sparse", superimposed industry supply clearing, the release of education demand will bring about the "Davis double-click" of education industry policies and performance, optimistic about the future development of the education industry.
4. The banking sector opened low and went high today, and the overall impact of the plate was high
China CITIC Bank's strong price limit is approaching a record high, Bank of China and Agricultural Bank of China both hit a record high, Bank of Communications hit a new high in more than 16 years, and China Merchants Bank rose more than 2% to a new high in nearly 7 months.
According to the research report of Cinda Securities, the dividends of large state-owned banks in 2023 will be 413.3 billion yuan, and many banks have said that the dividend rate is guaranteed, and the dividend income of the current allocation of bank stocks is stable.
Disclaimer: The content and data of the article are for reference only and do not constitute investment advice. Investors act accordingly at their own risk.
Source: National Business Daily