On Thursday, April 18, the market opened low and briefly fluctuated and then opened the upward mode again, and the Shanghai Composite Index rose more than 1% intraday, standing at 3,100 points to hit a new high this year. At the close, the Shanghai Composite Index rose 0.55%, the Shenzhen Component Index rose 0.72%, and the ChiNext Index rose 0.45%.
On the disk, TMT was affected by the overnight fall in U.S. chip stocks and opened collectively low, and then big finance came forward to scold Fang Xuan, CITIC Bank even hit a new high, and only ICBC of the four major banks did not hit a new high; In terms of sectors, low-altitude economy, household appliances, robots, automobiles and other sectors were among the top gainers, while oil and gas, electricity, gold, shipping and other sectors were among the top decliners.
Overall, stocks rose more and fell less, and more than 3,500 stocks rose in the whole market. The half-day turnover of the Shanghai and Shenzhen stock markets was 619.3 billion, an increase of 49.3 billion from the previous trading day. In terms of northbound funds, Shanghai-Hong Kong Stock Connect had a net outflow of 591 million yuan in early trading, and Shenzhen-Hong Kong Stock Connect had a net outflow of 1.84 billion yuan in early trading.
In terms of small and micro cap stocks, the CSI 2000 Index rose 1.13%, and the Wind Micro Cap Index rose 0.8%. The dividend ETF rose 0.34%. The ST sector index fell 0.92%.
Hong Kong stocks fluctuated higher, with the Hang Seng Index up 1.31% and the Hang Seng Tech Index up 1.21%.
In terms of treasury bond futures, the 30-year main contract rose 0.32%, the 10-year main contract rose 0.11%, the 5-year main contract rose 0.11%, and the 2-year main contract rose 0.05%.
Bank stocks continue to erupt
Yesterday, there was a rare scene in A-shares, the end of the bank stocks rose across the board, in a large number of buy orders "siege" under the CITIC Bank closed the price limit, Bank of China, Agricultural Bank of China both hit a record high, Bank of Communications hit a new high in more than 16 years, China Merchants Bank hit a new high in nearly 7 months.
On April 18, funds continued to chase bank stocks, and CITIC Bank rose the limit again in intraday trading. Bank of China, Agricultural Bank of China, and China Construction Bank all hit record highs, and Industrial and Commercial Bank of China is only one step away from the record high.
Wanlian Securities released a research report pointing out that from a long-term perspective, the overall profit growth of the banking industry may have entered the bottom range, and the stability of earnings will gradually be reflected. In addition, from the perspective of dividends, the increase in the dividend rate is conducive to the improvement of the valuation of bank stocks. Consider the current dividend yield of bank stocks as well as the valuation level. The short-term defensive attributes of the plate are still relatively obvious. The subsequent gradual recovery of the economy and the improvement of credit risk may bring a new round of market catalyst.
Cinda Securities said in the research report that in 2023, large state-owned banks will pay dividends of 413.3 billion yuan, and many banks said that the dividend rate is guaranteed, and the dividend income of the current allocation of bank stocks is stable.
Some industry insiders expect that after Central Huijin increased its holdings in the four major banks, the banking sector will be injected with a "shot in the arm". Previously, Bank of China, Agricultural Bank of China, Industrial and Commercial Bank of China, and China Construction Bank collectively issued an announcement on April 12, disclosing the implementation of Central Huijin's shareholding increase plan. According to the disclosure, in the past six months, Central Huijin has increased its holdings of A-shares of four major state-owned banks by a total of 1.089 billion shares.
The concept of low-altitude economy is once again on the rise
More than 10 shares such as Jindun shares, Andawell, CITIC Haizhi, Wanfeng Aowei and so on.
On the news side, Jin Xiandong, director of the Research Office of the National Development and Reform Commission, said at the press conference yesterday that the low-altitude economy is a typical representative of the new quality of productivity, and it is of great significance and bright prospects to actively and steadily promote the development of the low-altitude economy.
Here's what's up at 10:50:
On Thursday, April 18, A-shares opened low and went high, with the Shanghai Composite Index rising more than 1% intraday, standing above 3,100 points, a new high for the year. As of press time, the Shanghai Composite Index rose 0.96%, the Shenzhen Component Index rose 0.90%, and the ChiNext Index rose 0.46%.
On the disk, low-altitude economy, tourism and hotels, automobile industry chain, banks and other directions led the rise, while oil and gas, precious metals, real estate, ST and other sectors fell first.
More than 2,700 stocks rose in the whole market, and northbound funds sold a net of 3.765 billion.
In terms of small and micro cap stocks, the CSI 2000 index rose 0.33%, and the Wind micro cap index fell 0.6%. The dividend ETF rose 0.79%. The ST sector index fell 1.17%.
Hong Kong stocks fluctuated higher, with the Hang Seng Index up 1.46% and the Hang Seng Tech Index up 1.26%.
The concept of low-altitude economy is once again on the rise
Wanfeng Aowei straight line rose the limit, Jindun shares, Jiangsu Jiaoke, Jianxin shares rose more than 10%, CITIC Haizhi, VIE Technology, Jilin Chemical Fiber before the limit.
On the news side, Jin Xiandong, director of the Research Office of the National Development and Reform Commission, said at the press conference yesterday that the low-altitude economy is a typical representative of the new quality of productivity, and it is of great significance and bright prospects to actively and steadily promote the development of the low-altitude economy.
The tourism and hotel sector strengthened
Lingnan Holdings' daily limit, Lijiang shares, Emeishan A, Zhongxin Tourism, Junting Hotel, etc.
Tickets for the first day of the holiday are now on sale on April 17. With the sale of tickets on the first day, related topics such as "waiting for the ticket" and "the difficulty of buying tickets is comparable to that of the Spring Festival" have also rushed to the hot search. In addition, this year's "May Day" holiday and other related bookings are also very hot, and the number of air ticket bookings during the holiday has exceeded that of 2023, and hotel bookings in some county markets have increased by 68% year-on-year.
Here's what's up at 9:40:
On Thursday, April 18, the three major A-share indexes opened lower and moved lower, with the ChiNext falling 0.21%, the Shenzhen Component Index falling 0.79%, and the ChiNext Index falling 1.43%.
On the disk, precious metals, games, media and other directions fell first, and nearly 3,900 stocks fell in Shanghai, Shenzhen and Beijing.
Up to now, the net outflow of northbound funds has exceeded 3 billion yuan, including a net outflow of more than 600 million yuan from Shanghai-Hong Kong Stock Connect and a net outflow of more than 2.3 billion yuan from Shenzhen-Hong Kong Stock Connect.
Small and micro-cap stocks were lower, with the CSI 2000 down 1.10% and the Wind micro-cap index down 1.42%. Dividend ETFs rose 0.73%. The ST sector index fell 1.11%.
In Hong Kong stocks, the Hang Seng Tech Index fell more than 1%, and the Hang Seng Index fell 0.16%. In terms of popular stocks, Xiaopeng Motors rose more than 2%, Yihuatong and Sunac China rose more than 1%, and Li Auto fell more than 1%.
In terms of market news, the central bank carried out a 7-day reverse repurchase operation of 2 billion yuan, and the winning interest rate was 1.8%, the same as before. Due to the expiration of 2 billion yuan of 7-day reverse repurchase today, zero investment and zero withdrawal were achieved on the same day.
In terms of treasury bond futures, the 30-year main contract rose 0.20%, the 10-year main contract rose 0.04%, the 5-year main contract rose 0.02%, and the 2-year main contract rose 0.02%.
The gold concept opens low and goes low
Laishen Tongling fell to the limit, and Zhongrun Resources, Baoding Technology, Mancaron, Sichuan Gold, Western Gold, etc. fell first.
On the news, COMEX gold futures closed down 1.3% at $2,376.6 an ounce on April 18.
Low-altitude economic concept stocks have been active repeatedly
JSTC rose by more than 10%, CITIC Haizhi 2 boards, Andawell, Jindun shares, Yibo Technology, Lihang Technology, Changyuan Donggu, etc. followed suit.
On the news side, Jin Xiandong, director of the Research Office of the National Development and Reform Commission, said at the press conference yesterday that the low-altitude economy is a typical representative of the new quality of productivity, and it is of great significance and bright prospects to actively and steadily promote the development of the low-altitude economy. In addition, Suzhou will hold a low-altitude economic development promotion conference today.
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