On Wednesday, April 24, the market fluctuated and rebounded throughout the day, with the late rally expanding, led by the Science and Technology Innovation 50, and micro-cap stocks continued their upward momentum. At the close, the Shanghai Composite Index rose 0.76%, the Shenzhen Component Index rose 0.74%, and the ChiNext Index rose 0.7%.
On the disk, the market was calm in the afternoon, and the rise in science and technology spread to more themes, PCB, computing power leasing, and Huawei's Hongmeng concept made up for the rise, and CPO and low-altitude economy remained strong as the main battlefield of sentiment. In terms of plates, copper high-speed connection, low-altitude economy, CPO, military informatization and other sectors were among the top gainers, while glyphosate, banks, coal, real estate and other sectors were among the top decliners.
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. 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.
Small and micro cap stocks rebounded, with the CSI 2000 Index up 2.26% and the Wind Micro Cap Index up 3.45%. The ST sector index rose 0.19%. Dividend ETFs rose 0.03%.
Hong Kong stocks closed up for the third consecutive day, the Hang Seng Index rose 2.21% to refresh the high since November last year, the Hang Seng Technology Index rose 3.61%, the technology, raw materials, and pharmaceutical sectors rose first, Bilibili rose more than 8%, Meituan, Jingdong Group rose more than 4%, and Tencent rose 3.5%. Internet technology companies rose sharply this week, Meituan and Kuaishou rose about 17% in three days this week, JD.com and Tencent stock prices rose about 12% in three days, and Hong Kong Internet ETFs rose about 10% in three days.
In terms of individual stocks, Tianqi Lithium's Hong Kong stocks fell 19% to a new low, and A-shares fell to a limit, the company expects a net loss of 3.6 billion yuan to 4.3 billion yuan in the first quarter, and a net profit of 4.875 billion yuan in the same period last year;
Tea Baidao fell 9.38%, and the stock price fell more than 26% on the first day of listing yesterday.
SenseTime suspended trading in Hong Kong, rising 31.15% before the suspension. In response to the suspension of trading, SenseTime responded that in accordance with the listing rules and the recommendations of the Hong Kong Stock Exchange, the company will further publish relevant announcements, so stay tuned. It was previously reported that SenseTime released the Ririxin 5.0 model on the same day, which comprehensively benchmarked GPT-4 Turbo.
Treasury bond futures collectively closed down, as of the close, the 30-year main contract fell 1.17%, the 10-year main contract fell 0.36%, the 5-year main contract fell 0.17%, and the 2-year main contract fell 0.07%.
In terms of market news, the head of the relevant department of the central bank said in an interview with the Financial Times on the 23rd that the central bank can carry out treasury bond trading in the secondary market, which can be used as a liquidity management method and monetary policy tool reserve. With the issuance of ultra-long-term special government bonds in the future, long-term government bond yields will also recover.
Low-altitude economic concept stocks continue to be active
More than 10 shares such as Shangluo Electronics, Blue Ocean Huateng, VIE Technology, Wanfeng Aowei and so on.
On the news side, recently, Anhui Province Low Altitude Economic Industry Fund Partnership (Limited Partnership) was established, with a capital contribution of 1 billion yuan, and the executive partner is Anhui Traffic Control Capital Fund Management Co., Ltd.
Shenyang has formulated the Action Plan for the High-Quality Development of Shenyang Low-altitude Economy (2024-2026). Among them, it is proposed that by 2026, low-altitude aircraft will operate efficiently in the fields of urban air transportation, logistics and distribution, emergency rescue and smart city management, create more than 10 low-altitude economic application demonstration scenarios, cultivate more than 100 low-altitude economy-related enterprises, and reach an industrial scale of 3 billion yuan.
The direction of AI hardware has rebounded collectively
Among them, 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, etc.
On the news side, Xin Yisheng recently released a quarterly report, the company achieved revenue of 1.113 billion yuan in the first quarter of 2024, an increase of 85.41% year-on-year and 10.12% month-on-month, and a net profit attributable to the parent company of 325 million yuan, an increase of 200.96% year-on-year and 25.40% month-on-month.
LightCounting noted that the high-speed copper market will continue to expand at a staggering compound annual growth rate (CAGR) of 25% over the five-year period from 2023 to 2027, with global high-speed copper shipments reaching an unprecedented 20 million by the end of 2027.
Intelligent driving concept stocks performed actively
Ruiming Technology, Weidi shares, etc.
On the news side, Jin Yuzhi, CEO of Huawei's intelligent vehicle solution BU this morning, said at the Huawei intelligent vehicle solution conference that in the first year of intelligent driving this year, it is expected that more than 500,000 cars will be driven by Hongmeng intelligent driving.
According to the CITIC Securities research report, Tesla's end-to-end FSD V12 is gradually starting to be pushed to North American users on a large scale, and the ChatGPT moment of high-level autonomous driving is approaching, and the end-to-end model is expected to start rapid evolution.
Coal stocks adjusted
Yesterday's Orchid Science and Technology fell by 5% again, Shanxi Coking fell by more than 3%, and Lu'an Huanneng fell by more than 2%.
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