Today, Village A and Aberdeen continue to rise strongly, and the large, medium, and small and micro markets have risen in an all-round way, which is really exciting.
Although Aberdeen was quickly deflated, Village A is still rising. I hope that tomorrow will rise for another day and have a happy May Day.
1. 3100 points!
As soon as the index opened in the morning, I thought it was going to pull back, but I didn't expect it to soar immediately.
On the market, the Shanghai Composite Index reached a high of 3,120 points today and closed at 3,113 points. On the 4th impact, it finally managed to break through 3100 points.
After the close, I summarized the following: Today, the CSI 300 rose 1.11%, the CSI 500 rose 1.98%, and the CSI 2000 rose 2.71%.
The volume is also very explosive, with a full-day turnover of 1.2 trillion.
Source: iFind, as of April 29, 2024
The market has reached 3100 points, have you returned to your capital?
I asked a few random group friends, and those who diversified their investments and held them basically returned to their original costs. But there are also some unlucky eggs, who often have a heavy position on a single target, like to toss blindly, not only did not return to the capital, but also lost 14%.
What's more, I sold the equity fund to buy the bond base, the stock market rose sharply here, and the bond base fell sharply there......
In addition, northbound foreign investment continues to rush for fundraising.
In the morning, it bought more than 13 billion yuan in just half a day, and suddenly turned to sell near the close, and bought 10.9 billion yuan throughout the day.
Source: iFind, as of April 29, 2024
It is said that last Friday, foreign investors suddenly bought 22.45 billion yuan in a single day, setting a new record in history. I calculated that there have been 5 times in history when northbound foreign investors have bought more than 20 billion yuan in a single day. The details are as follows:
(1) On November 26, 2019, the single-day net purchase was 21.4 billion;
(2) On January 8, 2021, the single-day net purchase was 20.6 billion;
(3) On May 25, 2021, the single-day net purchase was 21.7 billion;
(4) On December 9, 2021, the single-day net purchase was 21.6 billion;
(5) On April 26, 2024, the single-day net purchase was 22.4 billion.
The highest purchase in a single day, and the market is at a low level, indicating that the market trend is changing for the better, and we must also hold the fund in our hands. However, the market has not completely improved, and the equity position should be controlled below 70% as much as possible.
Hong Kong stocks also continued to be strong, with the Hang Seng Index rising as much as 2%, but unfortunately it quickly withered, closing slightly higher by about 0.5%. However, it has been rising sharply for six or seven days in a row, and it is normal for some pullbacks to occur.
Second, the reason for the hero came to report
Why did northbound foreign investors change their normal behavior and suddenly flash to buy?
First, A-shares and Hong Kong stocks are in extremely low-lying areas in the world, and international capital is hedging.
In fact, foreign investors are not only buying A-shares through the northbound channel, but also buying Hong Kong stocks on a large scale at the same time.
The pricing power of Hong Kong stocks is also in foreign capital. In the past few years, southbound funds have continued to buy Hong Kong stocks, but the performance has been unsatisfactory, which is enough to prove this.
The most significant feature of A-shares and Hong Kong stocks is that they are undervalued, with valuations almost at the lowest level in the world, and market index points are also very low.
Then there is the exchange rate.
The exchange rate of the Hong Kong dollar and the renminbi is relatively stable, and Asian currencies such as the yen and the South Korean won have depreciated sharply recently, and international capital is buying safely.
Second, half of the domestic economy - real estate and the real estate industry chain suddenly benefited.
As we all know, the domestic economy is more dependent on real estate and the real estate industry chain. Taken together, they account for half of the domestic economy.
"Half of the country" is not performing well, how can the market go well?
On the contrary, as long as there are some blockbuster favorable policies, such as the complete lifting of purchase restrictions in Chengdu over the weekend. As soon as real estate and real estate industry chain companies rose, there were many related companies in A-shares and Hong Kong stocks......
UBS's head analyst of real estate research in Greater China said: "For the first time after three years of bearishness, we have become more optimistic about China's real estate sector due to government assistance. ”
There are other favorable and factors, such as the creation of a "financial national team", strict supervision of new village heads, restrictions on refinancing, etc., which will not be listed one by one.
Of course, there are also some "small compositions" on the circulation.
It is said that the United States introduced the "Asian American Subdivision Act", and many Chinese assets in the United States are no longer safe, and they are also afraid that their assets will be frozen, so they have begun to transfer funds to Hong Kong and Hong Kong stocks. PS: I can't confirm the "small composition" in the biography.
3. Pay attention to exploring structural opportunities
How should we look at and deal with the outlook of Village A and Aberdeen?
We Haomai Fund Research Center believes that at present, the growth rate of domestic fixed asset investment is dragged down by the continuous bottoming out of the real estate market, and the performance in the first quarter is weaker than last year. The cash flow situation of real estate companies is extremely tight, and it has not been significantly improved. The amount of superimposed sales continued to decline sharply.
Therefore, the debt risk of real estate enterprises is still magnifying.
However, the central government is also actively adopting counter-cyclical adjustment policies to continue to support the economy, and the current reality is still weak, but the policy continues to increase the stage.
As a result, while market expectations are still uncertain, there are some more positive signals.
We believe that at this time, it will be good to dig out some structural opportunities from the bottom up and look for undervalued and over-falling funds.
For example, real estate funds and brokerage funds, which have suddenly risen in recent days, belong to such structural opportunities.
There is also a medical fund that is still in the deep pit.
Complete 7 pharmaceutical indexes, 6 categories (including Hong Kong stock medicine, pharmaceutical industry as a whole, innovative drugs, biomedicine, traditional Chinese medicine, medical care), I screened and found 24 high-quality pharmaceutical index funds, and I needed private messages.
Dig out some structural opportunities, which may be the main tone of the next: the market and the wide base set up the stage, stabilize the field, and the structural opportunities will be performed in turn.
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Disclaimer: The content of this article is based on public information research and does not constitute investment advice. Investors should make prudent decisions and bear risks independently.
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