More than 4,000 shares in the two cities are red, and the two hot spots of low-altitude economy and AI have broken out together, and the "earth and sky board" is staged in the high-standard 5 board

Finance Associated Press

2024-04-24 16:52Published on the official account of Cailianpress, a subsidiary of Shanghai Poster Industry Group

On April 24, the Associated Press of Finance reported that the market rebounded throughout the day, and the three major indexes all rose slightly. On the disk, low-altitude economic concept stocks continued to be active, and more than 10 stocks such as Shangluo Electronics, Blue Ocean Huateng, VIE Technology, and Wanfeng Aowei rose to the limit. AI hardware direction collective rebound, of which CPO concept stocks led the rise, Zhishang Technology 20CM daily limit, Xinyisheng rose more than 10%; copper high-speed connection concept stocks collectively rose, Wutong Holdings, Shenglan shares, Wall nuclear materials and other daily limits; computing power concept stocks rebounded, Aofei data 20CM daily limit, Industrial Fortune Union and other stocks rose more than 5%. Intelligent driving concept stocks are active, and Ruiming Technology, Weidi shares and other daily limits. In terms of decline, the real estate sector began to adjust, and Vantone Development fell to the limit. Overall, stocks rose more and fell less, and more than 4,100 stocks rose in the whole market. The turnover of the Shanghai and Shenzhen stock markets today was 795.4 billion, an increase of 20 billion from the previous trading day.

Sector

The concept of low-altitude economy broke out again today, with more than 10 shares such as Shangluo Electronics, Blue Ocean Huateng, Hanchuan Intelligence, Zhongheng Design, Wanfeng Aowei, and Sichuan University Zhisheng, and Guangha Communications, Xinchen Technology, and Xin'an Century rising by more than 10%. On the news side, Shenyang has formulated the "Shenyang Low-altitude Economy High-quality Development Action Plan (2024-2026)", and by 2026, the number of low-altitude economy-related enterprises will exceed 100.

From the policy side, in the context of the recent continuous introduction of relevant policies in various places to accelerate the implementation, the low-altitude economic industrial chain has been catalyzed by continuous benefits. From the perspective of the market, after experiencing divergence, this direction can still trigger the resonance of capital repatriation, which is enough to demonstrate its market position. In addition to the parts companies with a high degree of identification, there are still opportunities to further extend the hype to the construction of ground infrastructure and support systems in the future, focusing on the air traffic control system, the overall integrator of smart transportation, and the airport information manufacturer.

CPO also rebounded, among which Zhishang Technology, Aofei Data, Mingpu Optomagnetic rose by the limit, Xin Yisheng and Robotec rose by more than 10%, and Yuanjie Technology, Zhongji Innolight, Accelink Technology and other stocks rose to the top. CITIC Securities said that Nvidia recently released the latest product GB200 on the GTC2024, and its network architecture requires similar requirements for the number of optical modules as the previously released DGX H100, while the server and switch port rates are doubled, which is expected to promote the upgrading of AI optical modules from the 800G generation to the 1.6T generation.

Copper high-speed connector concept stocks strengthened, Wutong Holdings, Shenglan shares, Aofei data, Wall nuclear materials, Zhaolong Interconnection, Huafeng Technology, Chuangyitong and other stocks rose first. On the news side, LightCounting pointed out that the high-speed copper cable market will continue to expand at a staggering compound annual growth rate (CAGR) of 25% in the five years from 2023 to 2027, and by the end of 2027, global high-speed copper cable shipments will reach an unprecedented 20 million units.

From a market perspective, there are signs of a rally in tech stocks. Whether it is the core target of CPO on Monday, which withstood the pressure of Nvidia's sharp fall and showed strong resilience, or the rebound of AI applications represented by media and Sora yesterday, as well as the memory chips that are active in the intraday from time to time. On the one hand, technology stocks have experienced a long period of consolidation, and the rank advantage has begun to be highlighted. On the other hand, with resource cyclicals recently consolidating, the market style has once again begun to drift towards technology stocks.

More than 4,000 shares in the two cities are red, and the two hot spots of low-altitude economy and AI have broken out together, and the "earth and sky board" is staged in the high-standard 5 board

In terms of individual stocks

From the perspective of individual stocks, the core high-standard Zhongheng Design successfully countered the core in the opening stage, and staged the "earth and sky board" to lay the tone for the mood to warm up throughout the day. Among them, low-altitude economic concept stocks broke out again, such as VIE Technology, Rice Information, Guangha Communications, etc., to further open the market height, and Wanfeng Aowei, which fell yesterday, also reversed the daily limit again. However, it should be noted that with today's rebound, many low-altitude economic concept stocks may face the test of early selling pressure, and the first to complete the front row of anti-package targets or the direction of less resistance to the subsequent rise.

In addition, technology stocks are also picking up, among which the direction of AI computing power led the rise again, and the new Yisheng was catalyzed by the forecast increase in the first quarter report to rise by more than 14% to approach a record high, and the high-tech development was also limited in the afternoon. However, most technology stocks have a short time to adjust in the context of the previous break, and the continuation of the subsequent rebound still needs to be further observed in the context of the inability to effectively improve the overall volume of the market.

In addition, it should be noted that due to the relatively weak financial feedback of 10CM even board stocks in the near future, there are only 6 even board stocks in the context of the overall recovery of sentiment today. More and more short-term active funds have begun to move to the direction of the GEM, and 15 stocks have been given a 20CM daily limit today, so this logic is also an important factor that needs to be taken into account in the recent stock selection.

Market outlook analysis

As of the close, the ChiNext rose 0.76%, the Shenzhen Component Index rose 0.74%, and the ChiNext Index rose 0.7%. Northbound funds bought a net of 4.606 billion yuan throughout the day, including a net purchase of 3.07 billion yuan in Shanghai-Hong Kong Stock Connect and a net purchase of 1.536 billion yuan in Shenzhen-Hong Kong Stock Connect.

Today's market has reproduced a general rally, especially the short-term theme direction ushered in a collective repair, and the short-term sentiment has rebounded significantly. It can be clearly felt that whenever the main board index pulls back to around 3,000 points, the market will emerge to support it, so under the range-bound structure, even if the Shanghai Index falls into a correction again, the downward space is relatively limited. However, it should be noted that although today's volume has increased slightly, it is still less than 800 billion, and whether it is a low-altitude economy or AI concept stocks, after repeated speculation, they will also face the test of early selling pressure. If there is not enough incremental funds to enter the market in the future, the hot spots will most likely still face re-differentiation, so it is still key to seek structural opportunities in the hot spot rotation.

Today's short-term sentiment continued to pick up, and the short-term sentiment indicator once again came above the 0 axis, approaching the active zone.

Market news focus

1. Tesla's acceleration of the launch of "affordable new cars" made the market boil, and U.S. stocks rose 12% pre-market

On April 24, the Associated Press of Finance reported that Tesla, a U.S. electric vehicle manufacturer, rose more than 12% to $162.8 per share in pre-market trading in the U.S. stock market. According to the company's financial report released on the 23rd, in the first quarter of 2024, the company's revenue was US$21.3 billion, down 9% from the same period last year, and its net profit was US$1.129 billion, down 55% year-on-year. Although the revenue in the financial report did not meet expectations, Tesla pointed out in the financial report that the company has updated the future model lineup and advanced the launch of new models, and the original announced time was to start production in the second half of 2025.

2. Tonghua Dongbao: GLP-1/GIP dual-target receptor agonist weight loss indication application was approved for clinical trial

On April 24, Tonghua Dongbao announced that Dongbao Zixing, a wholly-owned subsidiary of the company, recently obtained the clinical trial approval notice issued by the Center for Drug Evaluation (CDE) of the State Food and Drug Administration on GLP-1/GIP dual-target receptor agonists (THDBH120 for injection) for weight loss indications. The injectable THDBH1202 is a glucagon-like peptide-1 (GLP-1) receptor and glucoinin-secreting polypeptide (GIP) receptor dual-target agonist, which integrates the effects of GLP-1 and GIP into a single polypeptide molecule, and further improves metabolic stability through molecular design, and exerts synergistic promotion of glycemic control. Functions such as weight loss and regulation of lipid metabolism can meet the clinical needs of diabetic patients with poor treatment response to a single molecular target or combination preparation, and are expected to become a blockbuster drug for the treatment of diabetes and obesity with a longer term.

(Finance Associated Press, Fenglin)

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