Close丨The Shanghai Composite Index rose slightly by 0.09%, and northbound funds reduced their positions for 3 consecutive days
On April 18, the three major A-share indexes rose and fell in the afternoon, as of the close, the Shanghai Composite Index rose 0.09%, the Shenzhen Component Index fell 0.05%, and the ChiNext Index fell 0.55%. More than 3,100 stocks in the market fell.
On the disk, the low-altitude economic concept, metals, and home appliances sectors were among the top gainers, and the large financial sectors collectively rose; the oil and gas, electricity, and highway sectors were sluggish, and the ST sector continued to decline.
Specifically, the home appliance sector has been repeatedly active, with Chunguang Technology 5 boards, Delmar, Aopu Home, Langdi Group, Joyoung Shares, Dibei Electric, Rewei Shares, etc.
The concept of low-altitude economy continued to strengthen, with 10 shares such as Andawell, Jindun and Weihai Guangtai, and Guangha Communications, Jiangsu Jiaoke, and Guanglian Airlines among the top gainers.
【Fund Flow】
Wind data shows that northbound funds sold a net of 5.285 billion yuan throughout the day, reducing their positions for 3 consecutive days, of which 1.533 billion yuan were sold in Shanghai-Hong Kong Stock Connect and 3.752 billion yuan in Shenzhen-Hong Kong Stock Connect.
The main funds continued to flow into banks, automobiles, non-ferrous metals and other sectors in the end of the market, and net outflows from public utilities, petroleum and petrochemical, media and other sectors.
In terms of individual stocks, Wanfeng Aowei, CITIC Haizhi, and Kweichow Moutai received net inflows of 1.095 billion yuan, 983 million yuan, and 842 million yuan.
In terms of net outflow, Cialis, Hengrui Pharmaceutical, and Sugon were sold off 518 million yuan, 348 million yuan, and 346 million yuan respectively.
【Institutional Perspectives】
CITIC Securities: Driven by the dual explosion of cloud and terminal computing power in the era of AI large models, the storage industry will shift from a price increase repair cycle to a new cycle of technological growth and resonance. For the new storage HBM, it is recommended to pay attention to the packaging and testing manufacturers and semiconductor equipment manufacturers that deploy advanced packaging, and for the traditional storage DRAM/NAND Flash, it is recommended to pay attention to the memory supporting chip manufacturers that benefit from DDR5 penetration, as well as the head module manufacturers that deploy enterprise-level memory modules.
Huatai Securities: From January to March 2024, infrastructure and manufacturing investment continued to accelerate. In April, with the advent of the traditional construction season, the superposition of the early policy funds gradually in place, the midstream channel replenishment inventory led to the month-on-month improvement of the physical volume, photovoltaic glass, glass fiber, float glass, cement have started to increase prices, but because the supply side is still relatively excessive, the quality of terminal demand will determine the sustainability of price increases. In the short term, the building materials industry continues to pay attention to sectors such as low-valued central state-owned enterprises and C-end building materials.
China Post Securities: eVTOL aircraft have significant time efficiency advantages and are expected to usher in a broad space for development. Currently, most eVTOLs are designed to cruise at around 200 km/h, which is much faster than the operating speed of about 40 km/h for ground traffic. Combined with the ability of eVTOL aircraft to quickly take off and land, and quickly complete flight state transition, it will effectively improve the efficiency of urban traffic. In the UAM scenario, eVTOL can reduce the commute time from 60 minutes on the ground to about 20 minutes. In addition, the small carrying capacity of eVTOL can make it more flexible to set up routes to better meet the diverse needs of travel, and has broad prospects.