On April 25, A-shares shrank again, and the three major indexes also rose and fell, with the Shanghai Composite Index closing slightly higher and the ChiNext closing slightly lower.
In terms of individual stocks, there are slightly more rising stocks than falling stocks, 2900+ shares rose, excluding 43 shares of ST shares, and 2200+ shares fell, excluding 4 shares of ST shares, and the sharp decline of stocks fell to the limit, and short-term sentiment picked up.
In terms of volume and energy, the transaction volume was 777.9 billion yuan throughout the day, continuing the shrinkage pattern, hitting a new low since January 30.
On the disk, warehousing and logistics, PEEK materials, disperse materials, titanium and other top gainers, chemical stocks set off a tide of daily limits, and the low-altitude economy was repeatedly active.
01//Chemical stocks have a batch limit, and the performance of core factors exceeds expectations
On April 25, chemical stocks were strong throughout the day, and individual stocks set off a tide of daily limits. Subdivided titanium dioxide, licorice phosphorus, fertilizer concepts, organic silicon, etc. are among the top gainers. Huiyun Titanium Industry, Nanjing Gathering, Renxin New Materials 20CM daily limit, Yabang shares, Asia-Pacific Industry, Lubei Chemical, Shilong Industry, Huifeng shares, Annada, Liuguo Chemical, vinegar shares, Jinrui Mining, Qecheng shares, Jinpu Titanium Industry, etc., Runyang Technology, Lianchuang shares, Baolidi, Jianxin shares rose more than 10%.
There are two good things behind the bulk limit of chemical stocks. First, the performance of many chemical stocks exceeded expectations, Lubei Chemical's net profit in the first quarter increased by 3,131% year-on-year; Huiyun Titanium Industry achieved a year-on-year increase of nearly 190% in net profit last year; Longbai Group's net profit in the first quarter increased by 64% year-on-year; and Hengli Petrochemical's net profit in the first quarter increased by 109.8% year-on-year. Second, the Ministry of Industry and Information Technology and other seven departments recently jointly issued the "Phosphogypsum Comprehensive Utilization Action Plan", which mentioned that by 2026, the mainland phosphogypsum comprehensive utilization products will be more abundant, the utilization channels will be effectively broadened, the comprehensive utilization level will be further improved, and the comprehensive utilization rate will reach 65%;
For the opportunities of the chemical industry in the future, Guosheng Securities pointed out that 2023-2024 belongs to the concentrated release period of new supply in the chemical industry, and the supply and demand game is still being interpreted, and the leading companies with expansion ability at the bottom of the cycle will still be the main beneficiaries of the next round of upward cycle. In the future, we can focus on the certainty of some industries and the incremental opportunities of new "materials" and new trends.
02// Policies continue to catalyze, and the low-altitude economy is repeatedly active
On April 25, the low-altitude economy was also active, with a multi-share daily limit, Zhongheng Design 7 boards, Sichuan University Zhisheng, Wanfeng Aowei 2 boards, Haite High-tech, Lingnan Holdings, and China Nonferrous Metals Shares, Shuangyi Technology and Jianxin shares rose by more than 10%, and Huami New Materials and Weiye shares rose by more than 9%.
On the news side, on April 24, Shenyang formulated and released the "Shenyang Low-altitude Economy High-quality Development Action Plan (2024-2026)", which proposes to build 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.
Previously, Shenzhen, Hefei, Shanghai and other cities have successively introduced relevant policies to support the development of low-altitude economy.
China Galaxy Securities Research Report pointed out that the future has come, seizing the trillion-level blue ocean market of low-altitude economy. The low-altitude economic industry chain includes the upstream flight infrastructure and support service end, the midstream aircraft manufacturing end and the downstream operation application end. Looking forward to the future, the trillion-level market of low-altitude economy is gradually approaching, infrastructure first, manufacturing and operation go hand in hand, and it is recommended to "seven-dimensional" configuration. On the whole machine side, pay attention to Zhongzhi Co., Ltd., Aerospace Electronics, Wanfeng Aowei, etc.; on the power system side, pay attention to Wolong Electric Drive, Zongshen Power, etc.; on the fuselage structure side, pay attention to AVIC Hi-Tech, Guanglian Aviation, Guangwei Composites, etc.; on the airspace management side, pay attention to Zhongke Xingtu, Rice Information, etc.; on the airworthiness certification end, pay attention to radio and television measurement; on the low-altitude perception end, pay attention to Narui Radar, Sichuan Jiuzhou, Sichuang Electronics, etc.; on the low-altitude operation side, pay attention to Shenzhen Chengjiao, CITIC Haizhi, etc.
03//The exponential breakout enters the countdown
The Shanghai Composite Index closed for two consecutive trading days, and the index fell several times to the closing price of the bald and barefoot Dayang line on February 29 near 3015 to gain support, which can be strong below. At present, the index has regained its position on the 5-day moving average, the MA60 and MA120 have also formed a golden cross, and the 5, 10, 20, 60, and 120 moving average systems have also initially formed a bullish pattern.
In terms of indicators, the volume can continue to shrink, and today's volume can hit a new low since January 19, and the volume is expected to usher in a reversal repair, the MACD indicator has also begun to turn upward, the green kinetic energy column continues to shrink, and the index is about to enter the node of an upward breakthrough.
On the whole, the market continues to shrink the pattern, the capital appears to be obviously high and low, and the performance line continues to receive funds to hold together; the theme direction, the logic of the chemical industry is that the performance exceeds expectations and the price increase factors; the low-altitude economic policy continues to catalyze the superposition of funds into the deeper, the funds are repeatedly active, and the main line position is more certain.
As the disclosure of the annual report and the first quarterly report comes to an end, we still need to pay attention to the performance of the past two days
The above views do not constitute any operational advice, the stock market is risky, and investment should be cautious. This newspaper is prepared based on the principles of independence, objectivity, impartiality and prudence, and the information is derived from public information, and the company does not make any guarantee for the accuracy and completeness of such information.