Author|Zhao Ling,Editor|Gu Jinfeng
Source: Jufeng Investment Advisory, Good Stock Application
【Jufeng Viewpoint】
On Thursday, A-shares rose and retreated, and the Shanghai Composite Index broke through 3,100 points intraday. On the disk, energy metals, electrical machinery, insurance, aerospace led the gains, precious metals, home appliances, aviation airports, transportation equipment, engineering consulting services, automobiles, banks, tourism hotels, securities, etc. In terms of theme stocks, flying cars, general aviation, low-altitude economy, in-wheel motors, robot actuators, space-based interconnection, aquaculture, etc. were among the top gainers, while digital watermarks, ecological agriculture, construction machinery, oil and gas services, and natural gas were among the top decliners.
【Technical Watch】
In the medium term, the market is now on the upswing after a mid-term shock. In the short term, the market has rapidly adjusted into the short market, and the weekly line has been adjusted, and the short-term position control is mainly wait-and-see.
【Hot Plate】
The flying car sector rose 6%: Jindun shares 20cm daily limit, Jianxin shares, Guanglian Aviation, Shangluo Electronics, Yibo Technology rose more than 10%, Wanfeng Aowei, VIE Technology, CITIC Haizhi and other daily limits.
Financial stocks strengthened: China CITIC Bank intraday two boards, Guosheng Financial Holdings rose intraday limit, Xinhua Insurance, Guosen Securities, etc. rose more than 4%.
Non-ferrous metals strengthened: Tengyuan Cobalt rose by 20cm, Hanrui Cobalt rose by more than 10%, Northern Copper rose by more than 5%, Feinan Resources, Western Mining, Zangge Mining, Huayou Cobalt, etc. rose by more than 5%.
【Inventory of important news】
The National Development and Reform Commission proposed to intensify the implementation of policies to enhance the positive trend of the economy
A number of relevant persons in charge of the National Development and Reform Commission said at a press conference held by the State Council Information Office on April 17 that the economic operation in the first quarter continued to pick up and improve, and the economic growth rate exceeded expectations. The key to doing a good job in the second quarter is to grasp the implementation. It is necessary to intensify the implementation of macroeconomic policies, coordinate the implementation of policies in the areas of industry, investment, consumption, employment, and prices, enhance the consistency of macroeconomic policy orientation, and promote the formation of policy synergy. We will make every effort to consolidate and enhance the positive momentum of economic recovery, and promote the high-quality completion of the annual economic and social development goals and tasks.
Accurately clear and increase the code to build an orderly market pattern
The new "National Nine Articles" and the CSRC's delisting opinions were issued on April 12, and the exchange revised the stock listing rules accordingly. The reporter combed and found that the revision of the delisting rules focuses on improving the overall quality of existing listed companies, and through strict delisting standards, it will increase the efforts to clear the "zombie shell" and "black sheep", and accurately clear the companies with bad deeds and poor performance.
The three major U.S. stock indexes collectively closed down, and large technology stocks generally fell
Eastern time on Wednesday, the three major U.S. stock indexes collectively closed down, the Dow fell 0.12%, the Nasdaq fell 1.15%, the S&P 500 fell 0.58%, most of the popular technology stocks fell, ASML fell more than 7%, AMD fell more than 5%, Kelei, Micron Technology, Navitas Semiconductor fell more than 4%, Nvidia fell more than 3%, Tesla, Amazon, Meta all fell more than 1%. Popular Chinese concept stocks were mixed, with the Nasdaq China Golden Dragon Index falling 0.29%. Xpeng Motors rose more than 3%, Weilai rose more than 2%, iQiyi and Li Auto rose more than 1%, and Weibo, Bilibili, JD.com, and Tencent Music rose slightly. Vipshop fell more than 2%, Baidu and Alibaba fell more than 1%, and Futu Holdings, NetEase and Pinduoduo fell slightly.
【Movement of funds】
According to Dongcai statistics, as of the end of the day, the Shanghai and Shenzhen stock markets showed a net outflow of funds, with a total outflow of 13.292 billion yuan from the Shanghai and Shenzhen stock markets on the same day. Among them, the net outflow of large orders was 2.031 billion yuan, the net outflow of large orders was 11.261 billion yuan, the net outflow of medium orders was 1.837 billion yuan, and the net inflow of small orders was 15.129 billion yuan.
【Limit Analysis】
Today, there are 69 up limits and 38 down limits;
Today, the number of up-limit boards in the two markets decreased compared with the previous trading day, and the number of down-limit boards increased from the previous trading day. The price limit data shows that the market sentiment has fallen back today from the previous trade. The price limit board is mainly concentrated in new energy vehicles, state-owned enterprise reform, low-altitude economy and other sectors, and the overall money-making effect of the market is average.
【Opinion Strategy】
In early trading, the three major A-share indexes opened low and went high, and the Shanghai Composite Index stood above 3,100 points intraday. On the disk, the flying car sector rose 6%, the insurance, securities, and banking sectors collectively strengthened, and the energy metals, low-altitude economy, aerospace, motors, home appliances, carbon fiber, space-based interconnection, automotive integrated die-casting, robot actuators and other sectors were at the top of the list.
From the perspective of industries, banks, securities, semiconductors and components, computer applications, new energy vehicles and other sectors fell, gold, power equipment, and non-ferrous metals rose; Northbound funds outflowed 2.6 billion yuan in early trading and continued to net outflow in the afternoon, with a net outflow of nearly 5 billion yuan throughout the day, and the market turnover exceeded 900 billion yuan.
Since August 2023, the A-share adjustment has been mainly affected by the depreciation of the RMB exchange rate and geopolitical factors. In the medium term, with the implementation of various counter-cyclical adjustment policies and measures, the domestic economy has entered a recovery cycle, and A-shares have gradually found the bottom of the market and fluctuated upward.
Investment advice: Jufeng Investment Consulting believes that under the expectation of economic recovery, A-shares are expected to enter a medium and long-term bull market. In the short term, the market is mainly affected by exchange rates and external geopolitical factors. In the medium to long term, the market has returned to activity, and the attractiveness of A-shares will further enhance in the future. Investors can take advantage of the dip to deploy state-owned enterprise reform targets that are expected to increase their holdings or buy back, and the annual report disclosure has entered a peak period, and the short-term growth style may be under pressure to pull back.
(Author: Zhao Ling Practicing Certificate: A0680615040001)
Disclaimer: The above content is for reference only and does not constitute specific operation advice, and you shall operate at your own risk and profit and loss