On April 26, it was reported that the index strengthened across the board in the morning, and the index opened high and rose nearly 3%. In terms of plates, the concept of quantum technology rose sharply, Haofeng Technology, Science and Technology Innovation, Tianhe Defense 20cm daily limit, Tongniu Information, Xin'an Century followed the rise; gold concept rebounded, Western Gold rose by the limit, Hengbang shares, Hunan Gold rose by more than 6%; In terms of decline, the banking sector fluctuated lower, with the Bank of Jiangsu falling 9% and approaching the intraday limit; cyclical stocks such as steel and coal weakened, and Youfa Group fell more than 8%; the shipping sector fell into a pullback, with Phoenix Shipping leading the decline. Overall, individual stocks showed a general upward trend, with more than 3,600 stocks rising in the two cities.
As of noon close, the Shanghai Composite Index was at 3,076.92 points, up 0.79 percent, the Shenzhen Component Index was at 9,404.83 points, up 1.51 percent, and the Innovation Index was at 1,809.55 points, up 2.54 percent.
On the disk, quantum technology, copper high-speed connection, and computing power leasing sectors were among the top gainers, while banking, shipping, and coal sectors were among the top decliners.
Hot Sections:
1. Quantum technology
Science and Technology Innovation, Shenzhou Information, Geer Software, Haofeng Technology and other stocks are active.
On the news side, the Institute of Quantum Information and Quantum Technology Innovation of the Chinese Academy of Sciences delivered a 504-bit superconducting quantum computing chip "Xiaohong" to Guodun Quantum, which is used to verify the thousand-bit measurement and control system independently developed by Guodun Quantum. This chip has set a new record for the number of superconducting qubits in China, and it is planned to be opened to the world through the "Tianyan" quantum computing cloud platform of China Telecom Quantum Group.
2. Computing power
Zhenshitong, Parallel Technology, Yakang Shares, Tongniu Information and other stocks strengthened.
On the news side, on April 25, the "Implementation Plan for the Construction of Computing Power Infrastructure in Beijing (2024-2027)" was issued. Among them, it is proposed to focus on the construction of a number of large clusters of intelligent computing, and by 2025, the city's intelligent computing supply scale will reach 45EFLOPS, and by 2027, the full-stack independent and controllable software and hardware products of intelligent computing infrastructure will be realized, and the construction capacity of 100% independent and controllable intelligent computing center will be realized.
Message Side:
1. [Shanghai issued the design standard for centralized charging and parking places for electric bicycles to be implemented from October] The Shanghai engineering construction code "Design Standard for Centralized Charging and Parking Places for Electric Bicycles" (DG/TJ08-2451-2024) has been approved and issued by the Shanghai Municipal Housing and Urban-Rural Development Management Commission and will be officially implemented from October 1, 2024. On the basis of the existing technical guidelines, the standard puts forward the relevant technical requirements for the centralized charging and parking place construction of electric bicycles. In the face of market demand, in view of the rapid growth of the market demand for charging (changing) cabinets, the standard has made corresponding provisions on the installation sites of charging (changing) cabinets, so as to reduce the fire safety hazards of charging (changing) cabinets and reduce the risk of fire spread. In terms of using the overhead layer of the existing residential community to set up centralized charging and parking places for electric bicycles, the standard stipulates that the centralized charging and parking places for electric bicycles should not be set up in the overhead layer that is connected with the inner patio; when it is set up in the overhead layer that is not connected with the inner patio, the fireproof partition wall with a fire resistance limit of not less than 3.00h and the non-combustible floor slab of 1.50h should be separated from other parts. In the case that it is indeed difficult to add centralized charging and parking places for outdoor electric bicycles in existing residential communities, the standard stipulates that charging points and parking places can be scattered at appropriate locations such as gables and alleys of residential buildings.
2. [The Ministry of Finance has arranged 1.416 billion yuan of agricultural disaster relief funds to support the prevention and control of pests and diseases in various places and consolidate the foundation for a bumper grain harvest throughout the year] According to the website of the Ministry of Finance, since the winter and spring of 2023, the main grain-producing areas in the mainland have had more precipitation and high humidity in the fields. In the face of the severe development trend of crop diseases and pests, it is very important to grasp the current critical period of prevention and control, do a good job in field management, speed up the unified prevention and control, and weave a dense "prevention and control network" of diseases and pests. The Ministry of Finance, together with the Ministry of Agriculture and Rural Affairs, recently issued 1.416 billion yuan of disaster prevention and relief funds for agricultural production from the central government to support Heilongjiang, Jiangsu, Anhui, Shandong, Henan and other 30 provinces (autonomous regions and municipalities directly under the central government) and Beidahuang (600598) Agricultural Reclamation Group to speed up the prevention and control of pests and diseases in agriculture, especially food crops. Emphasis should be placed on giving appropriate subsidies to localities for the purchase of pesticides, medicines, equipment, and other materials, as well as for unified prevention and control operations, and promptly guiding all localities to further strengthen monitoring and early warning, and to take effective measures to carry out the prevention and control of wheat, rice, and corn diseases and pests, as well as locusts and red fire ants in rural areas, so as to reduce the harm caused by major crop diseases and pests to agricultural production, and provide strong support for winning the initiative in a bumper grain yield throughout the year.
3. [China Gold Association: China's gold bar and coin consumption in the first quarter was 106.323 tons, a year-on-year increase of 26.77%] The latest statistics released by the China Gold Association on the 26th show that in the first quarter of 2024, the national gold consumption was 308.905 tons, an increase of 5.94% compared with the same period in 2023. Among them, gold jewelry was 183.922 tons, down 3.00% year-on-year, gold bars and coins were 106.323 tons, up 26.77% year-on-year, and industrial and other gold was 18.660 tons, up 3.09% year-on-year. In the first quarter of 2024, the impact of high gold prices on gold consumption was polarized. The rapid rise in gold prices, coupled with factors such as high gold jewelry processing fees and brand premiums, has strengthened consumers' wait-and-see sentiment, which has suppressed gold jewelry consumption to a certain extent, and increased sales pressure on gold jewelry retailers. The high price of gold and the huge fluctuation have increased the production and operation risks of gold processing and sales enterprises, wholesale and retail enterprises have become cautious in purchasing, the cost of raw materials and shipments of jewelry processing enterprises have risen, and some small and medium-sized processing enterprises have even stopped work and taken holidays. In contrast, physical gold investment has gained more attention due to the surge in safe-haven demand, with bar and coin consumption at relatively low premiums rising sharply.
4. [Two departments: strengthen the inspection of audit reports and improve the service management of specialized, special and new "little giant" enterprises] The General Office of the Ministry of Finance and the General Office of the Ministry of Industry and Information Technology issued a notice on strengthening the inspection of audit reports and improving the service management of specialized, special and new "little giant" enterprises. It is mentioned that to strengthen the filing and coding of audit reports, small and medium-sized enterprises participating in the evaluation of specialized, special and new "little giants" and specialized and special new "little giant" enterprises should require accounting firms to timely report the audit report on the unified supervision platform and apply for a verification code when carrying out audit work such as annual report audit. Accounting firms should take the initiative to provide audit reports with verification codes to relevant enterprises and ensure that the verification codes are true and valid. Relevant enterprises can conduct inspections through the unified supervision platform or mobile phone "scanning". The Ministry of Finance assigns a verification code to the audit report through the unified supervision platform, which does not represent the recognition of the quality of the audit report or the confirmation of the authenticity of the financial data.
Institutional Perspectives:
Guosheng Securities believes that the pre-holiday capital is tight, and it is expected to maintain the box shock, and with the return of funds after the holiday and the performance vacuum period in May, the market is expected to rush upwards driven by the weight, and enter the dominant pattern of weight and theme dance. In terms of operation, it is recommended to focus on the allocation of blue-chip steel, non-silver, coal, non-ferrous metals and other sectors represented by the Chinese prefix or relatively dominant. Growth and technology direction, focusing on the opportunity rotation of technology sectors such as computing power, low-altitude economy, robotics, cultural video, and new quality productivity.
The latest view of Essence Securities believes that the market may maintain the dominant style of large-cap stocks in the future. In the context of weak recovery of economic fundamentals, market expectations tend to be conservative, and investors' pursuit of growth is weak, and the pursuit of stability is stronger, and more defensive logic will be deduced. This year's market is still the value of the market, and the dividend sector will continue to benefit, focusing on the overseas industrial chain and central state-owned enterprises in the dividend sector.
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