On May 16, 2024, Wind data showed that A-shares fluctuated upward after opening high, and the three major indexes collectively closed higher. The real estate sector has exploded again. The market turnover was 850.49 billion yuan.
In terms of gains, the Hong Kong Stock Connect Financial ETF (513190) led the rise of nearly 5%, and real estate continued to soar
Specifically, the Hong Kong Stock Connect Financial ETF (513190) rose by 4.82%, and the Nasdaq Technology ETF (159509) rose by 3.92%. Real estate ETF (512200), real estate ETF ChinaAMC (515060), building materials ETF E Fund (159787), building materials ETF (516750), real estate ETF (159707), real estate ETF (159768) rose more than 3%.
On the disk, real estate stocks set off a tide of daily limits, Debe Group 20cm daily limit, Rongsheng Development, Binjiang Group, Nanguo Real Estate, I love my home, Hefei Urban Construction and other more than 10 shares of daily limit. The building materials and home furnishing industries rose sharply at the same time, with Hainan Ruize, Baoying Shares, Yazhen Home, Arrow Home Furnishing, Zhibang Home, Shangpin Home Delivery, Jiangshan Oupai, Jianlang Hardware, etc.
On the news side, Hangzhou ushered in another blockbuster policy. Hangzhou's Lin'an District has decided to acquire a number of commercial housing for use as public rental housing within the Lin'an District.
Guosen Securities said that in the short term, mainstream cities have successively optimized the purchase restriction policy, which is expected to reverse the pessimistic expectations of real estate, and the current real estate fundamentals have not improved significantly, and it will take time for market confidence to recover, and follow-up support policies are still expected to be further increased. At present, the valuation and holdings of the building materials sector are at a low level, focusing on the high-quality leaders of consumer building materials under the expected repair, as well as some over-falling valuation repair opportunities.
In terms of declines, the Chinese medicine sector weakened
On the news side, the National Health Commission held a press conference this afternoon to introduce the relevant situation of promoting the high-quality development of medical and elderly care. According to the Department of Aging and Health of the National Health Commission, a survey shows that more than 90% of the elderly in mainland China choose to care for the elderly at home. In recent years, the National Health Commission has made great efforts to promote the development of integrated medical and elderly care services at home and in the community.
Xiangcai Securities believes that the main line is the innovation of traditional Chinese medicine. Driven by both policy and clinical demand, the innovation of traditional Chinese medicine has accelerated again, the pace of new drug listing has accelerated, and the proportion of Class 1 new drugs has increased significantly. R&D and innovation are the core, and entering the list of basic drugs under medical insurance is an important condition for increasing volume. (1) Enterprises with strong R&D strength, abundant products under development and rapid R&D progress, good combination of TCM theory and clinical practice (especially those that can rewrite clinical diagnosis and treatment guidelines through evidence-based medicine), and enterprises with exclusive varieties in large categories; (2) The 2023 version of the medical insurance catalogue has newly added varieties and lifted bans and related enterprises; (3) "Medical insurance + non-basic drugs" varieties and related enterprises.
In terms of activity, the cargo-based market has rebounded, and the turnover of Hang Seng Internet ETF (513330) ranks first in the stock category
Specifically, the turnover of Yinhua Rili ETF (511880) rebounded to more than 10 billion yuan, and the turnover of Hang Seng Internet ETF (513330) reached 4.278 billion yuan, ranking first among equity ETFs.
In terms of the top 10 turnover rates, the turnover rate of the Hong Kong Stock Connect Dividend 30 ETF (513820) reached 114.82% on the first day of listing, and the turnover of the Hong Kong Stock Connect Financial ETF (513190) reached 104.37%.
In terms of ETF issuance market, CUAM CSI Oil & Gas Resources Index (159309) will start raising funds tomorrow
Guosen Securities believes that the overall supply and demand of oil is tight, and Brent oil prices are expected to remain in the higher range of $80-90 per barrel in the future. According to the latest April monthly reports of OPEC, IEA and EIA, crude oil demand in 2024 will be 104.46, 103.10 and 102.91 million barrels per day respectively (the previous forecast was 104.46, 103.20 and 102.43 million barrels per day), respectively, an increase of 225, 120 and 950,000 barrels per day compared with 2023 (the previous forecast increased by 225, 130 and 1.42 million barrels per day, respectively). In its monthly report, the EIA retroactively raised global demand by 800,000 b/d and 960,000 b/d in 2022 and 2023, respectively, and raised its 2024 demand forecast by 480,000 b/d, while adjusting its 2024 Brent price forecast from $87.00/b to $88.55/b/b.
On the supply side, OPEC+ continued to increase production cuts, OPEC+ extended the voluntary production limit to the end of the second quarter, while the Russian government ordered its domestic oil companies to reduce oil production in the second quarter of 2024, from about 9.5 million barrels per day in the first quarter, to further reduce production by 500,000 barrels per day, to ensure that the production target of 9 million barrels per day is reached by the end of June; The U.S. Strategic Petroleum Reserve has entered the replenishment stage, and the shale oil capital expenditure is insufficient, the increase in production is limited, and the overall supply side is tight. On the demand side, with the continuous recovery of the global economy, it has gradually entered the seasonal peak demand season, oil demand has recovered moderately, and the overall supply and demand are relatively tight, and oil prices are expected to continue to maintain a high range.
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