【Focus Review】Favorable policies frequently detonated the real estate chain rose sharply across the board, and the Nasdaq hit a record high to activate the AI computing power industry chain

Finance Associated Press

2024-05-16 17:41Published on the official account of Cailianpress, a subsidiary of Shanghai Shanghai Poster Industry Group

Finance Associated Press on May 16, today's 41 shares of the limit, 21 shares of fried boards, the sealing rate of 66%, Nanjing Chemical Fiber 5 boards, Yazhen Home, Jianyi Group 3 boards, Guolian Securities, 3 trees, Yunnan City Investment 2 boards, Nandu Property 8 days 5 boards, Tiandiyuan 5 days 3 boards, Huiwei Technology 3 days 2 boards. Overall, stocks rose more and fell less, and more than 2,800 stocks rose in the whole market. The turnover of the Shanghai and Shenzhen stock markets today was 847.8 billion, an increase of 86.7 billion from the previous trading day. In terms of sectors, real estate, copper cable high-speed connection, building materials, tourism and other sectors were among the top gainers, while port shipping, precious metals, small household appliances, traditional Chinese medicine and other sectors were among the top decliners. At the close, the Shanghai Composite Index rose 0.08%, the Shenzhen Component Index rose 0.21%, and the ChiNext Index rose 0.29%.

Sentiment and stock analysis

Today's even board stock promotion rate although rebounded to 43%, but the promotion of 5 board Nanjing chemical fiber plate frequently fried a huge amount of plates, and the successful realization of 2 into 3 Yazhen Home, Jianyi Group two real estate chain high-standard stocks in the promotion, the overall guiding role of the plate is relatively limited, in addition to the other four board promotion failed to 2 board stocks closed down to varying degrees, it can be seen that the 10CM board stocks of the capital relay sentiment is still sluggish. On the other hand, in the direction of 20CM, such as Jundingda, Langyuan shares, Shenyu shares and other funds, the strength of the group remains high, which shows that from the recent capital intensity, the popularity of 20CM stocks still has the upper hand. For example, the concept of copper high-speed connection, which has continued to lead the rise in computing hardware recently, has also significantly strengthened the performance of 20CM stocks compared to the previously popular 10CM stocks such as Wall Nuclear Materials and Xinya Electronics.

Mainline hotspots

Last night, Hangzhou Lin'an announced the repurchase of part of the stock of commercial housing for public rental housing purposes, while Hefei announced a housing subsidy of 1% of the total house price for buyers who buy new housing. In addition, the National Development and Reform Commission also issued a document to promote the construction of affordable housing, and a series of recent policy combinations have been superimposed, which has once again formed a substantial positive for the real estate sector. As mentioned in yesterday's article, after the resumption of Hong Kong stocks today, the index of domestic real estate stocks soared by nearly 15%, of which more than 20 constituent stocks rose by more than 10% intraday, driving more than 10 constituent stocks such as A-share Binjiang Group, Tiandiyuan, Nanguo Real Estate, and Hefei Urban Construction. After setting off a large-scale intraday limit in the real estate sector, many sectors such as infrastructure, building materials, and steel all expanded their gains in the afternoon. However, similar to yesterday afternoon, as the market as a whole is still in a state of stock game, the real estate chain, big finance and other sectors are still diverting funds from most other sectors. Combined with the real estate chain yesterday's brief divergence after today's re-strengthening ushered in a short-term climax, if the follow-up news and policy beyond expectations can not be continued, the short-term potential big divergence or will be approaching, among which the benefits of commercial housing repurchase to protect public rental housing property management, local urban investment platforms and other subdivisions can still be seen at a glance.

Last night, the April CPI data released by the United States fell as scheduled, combined with the previous April PMI and employment and other economic data to cool down comprehensively, the market expects the Fed to increase the probability of interest rate cuts, and the dollar and U.S. bonds both weakened to boost risk assets, among which the collective rise in technology stocks drove the U.S. stock Nasdaq to a record high, Nvidia, Supermicrocomputer, AMD and other well-known AI concept stocks have risen sharply. Driven by the collective repair of today's A-share computing power concept stocks, the concept of copper high-speed connectors continued to lead the rise, and Chuangyitong, Huamai Technology, Shenyu Shares, Shenglan Shares, Wall Nuclear Materials, etc. occupied the forefront of the gains. In addition, the PCB concept of Shengyi Electronics, AI server stocks, Unisplendour shares, Industrial Fortune Union and optical module concept stocks Robotec all rose sharply. According to Da Mo's forecast, next year, Nvidia GB200 computing chip shipments are expected to reach 900,000 increases, compared with the traditional Nvidia computing server architecture, as a significant increase in the increase of copper high-speed connection continues to lead the rise is also reasonable, at the same time, the amount of high-density interconnection (HDI) circuit board is also significantly higher than the previous Nvidia computing power server, so the copper high-speed connection and PCB two major subdivisions will still be in the front row of the core position of the computing hardware end.

Beijing Fengtai District plans to set up a low-altitude economic and industrial development fund, and strives to gather no less than 200 core enterprises by 2025, with an output value of more than 100 billion yuan. Previously, Nanjing, Shandong and other places of low-altitude economic planning followed, the concept of low-altitude economy in the morning again launched a wave of decent pull-up, but since then the plate has been divided again, the morning once advanced to 2 boards of the Shanggong Shenbei fried board after the end of the green, but Xinchen technology, Wanfeng Aowei, Jianxin shares and other popular varieties still perform well. As the low-altitude economy has experienced many rounds of speculation before, and most of the stocks in the sector are still at historical or stage highs, the accumulation of chips is not conducive to its main rise in the short term. In contrast, the concept of synthetic biology has been relatively inferior recently, which is related to the killing of popular varieties such as Rhine Biotechnology, Lukang Pharmaceutical, and Twining Biotechnology. However, at the end of the real estate chain divergence, the early board of high-standard stocks Blue Biology and artificial meat popular stocks Shuangta Food once tried to carry out repair, do not rule out some funds to try to guide the return, if the follow-up low-altitude economic concept divergence, as a new quality productivity direction of the rise of the concept of synthetic biology still has the possibility of regaining financial attention.

Last night, Evergreen Technology issued an announcement that it plans to put into production 80,000 tons of trimellitic anhydride (TMA) production capacity, and the chemical price increase concept intraday divergence increased, Baichuan shares once fell to the limit, Liansheng Chemical and nitrocellulose concept stocks Beihua shares have ebbed and flowed, but phosphorus chemical stocks Jin Zhengda, pigment stocks Lily, Baolidi, etc. are still rising, and Zhengdan shares as TMA concept leaders, once fell more than 8% after the repair. Recently, Zhengdan trend has been separated from the price fluctuations of TMA products, and as the vane of current market sentiment, its trend is more dominated by emotional fluctuations. As mentioned in the previous article, compared with non-ferrous metals and other mineral resources, the threshold for the expansion of most chemicals is relatively low, and its supply and demand may be reversed in a short period of time. The recent performance of non-ferrous metals such as copper is still inferior to futures prices, which is related to the negative news of CMOC, but it also confirms from the side that the theme of price increases is not as attractive to market funds as before.

Outlook for the market

Today's market in the U.S. stock Nasdaq hit a new high and Hong Kong real estate stocks set off a climax of the double boost, still out of the high and fall market, the turnover was only enlarged to less than 850 billion yuan, reflecting the overall market trading is still relatively light, and AI, real estate, big finance and other large-scale sectors of rotation pull, the consumption of market liquidity is huge, so the index in the end of the unsuccessful attack after the end of the dive is also reasonable. From the perspective of the K-line combination, the three major indices have all walked out of the small black line that rushed up and down, and the downward counterpressure of the 5-day moving average above has been confirmed, and it is not ruled out that the Shanghai Composite Index may continue to test 3100 points in the short term. And if the three major indexes continue to bottom out in the short term, the daily MACD will show a dead fork state, but KDJ has been close to a low level after the previous death fork, and whether it can drive the index to rebound after its low passivation can be driven upward, including whether the real estate chain and AI concept stocks can guide incremental funds to enter the market has become the key.

Today's daily limit analysis chart

(Finance Associated Press, Jin Haoming)

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