1. The Asia-Pacific market was volatile, and northbound funds continued to flow into A-shares
Although the three major stock indexes fluctuated throughout the day today, the performance of A-shares is still stronger than that of peripheral stock markets, especially the Asia-Pacific stock market.
On the one hand, the continued depreciation of Asia-Pacific currencies on the stock market continues to show a drag effect, the yen continues to depreciate against the US dollar, and the exchange rate has hit a new low since 1990, and the market is more concerned about the monetary policy meeting held by the Bank of Japan today and tomorrow and the interest rate decision announced on April 26. On the other hand, while the first-quarter results exceeded expectations, Meta's second-quarter earnings expectations fell short of the target, and Zuckerberg said that Meta's AI investments could take years to pay off. Affected by the related news, Meta fell more than 15% after hours, and Nasdaq futures and Asia-Pacific stock markets were also affected by the relevant news today.
Goldman Sachs analysts believe that the performance of China's stock market this year has exceeded market expectations, and is still optimistic about the development of the A-share market, maintaining the "overweight" of A-shares, and with the cash dividends of listed companies, share repurchases, corporate governance, domestic and foreign institutions and long-term capital participation levels continue to be on par with the international mature market, A-shares may have 20%, or even 40% upside potential. On the disk, the northbound funds at the end of today also accelerated the inflow again.
Chart: Changes in the turnover of the two markets in the past 7 trading days
Second, the pro-cyclical chemical sector was strong throughout the day
In terms of plates, titanium dioxide and other chemical products were strong throughout the day, and the chemical sector belonged to the pro-cyclical low-level sector, and many companies such as Lubei Chemical had strong performance in the first quarter, becoming a better choice for capital holdings for the holiday. The low-altitude economy fluctuated at a high level, Wanfeng Aowei tail plate was sealed, and the pressure of the warning letter was limited for two consecutive days, but CITIC Haizhi was weak throughout the day, and there was a differentiation within the plate, and the funds were further raised The momentum was insufficient, and we could wait for the follow-up policies to further exert force.
At the close of trading today, there were 10 stocks on the board in the two cities, 43 on the daily limit today, and 51 on the last trading day, and the daily limit sealing rate rose from 70% to 77%. The average return of individual stocks on the last trading day was 2.69%.
3. Institutions and resonance stocks
According to the Dragon and Tiger list, the following stocks were bought by institutions and investors today:
To sum up: continue to shrink before the holiday, pay attention to controlling positions, pay attention to the content of the blockbuster meeting that may land this week, continue to pay attention to the opportunities after the pullback of the "medium and special valuation + pro-cyclical" sector, as well as the direction of resonance between the main themes such as AI and low-altitude economy and favorable policies.