The three major indexes all rose by more than 1%, and multiple benefits helped the real estate to set off another climax, and giants such as Poly and Vanke rarely rose to the limit

Finance Associated Press

2024-05-17 16:36Published on the official account of Cailianshe under Shanghai Shanghai Poster Industry Group

On May 17, the Associated Press of Finance reported that the market opened low and went high throughout the day, and the three major indexes all rose by more than 1%. On the disk, the real estate sector broke out again in the afternoon, with more than 20 shares such as Vanke A, Rongan Real Estate, Gemdale Group, Poly Development, and Urban Construction Development. Low-altitude economic concept stocks rebounded collectively, and more than 10 stocks such as Traffic Control Technology, Xinchen Technology, Hezhong Strong, and Changyuan Donggu rose to the limit. The concept of glass substrate fluctuated and strengthened, and Voge Optoelectronics, Sanchao New Materials, Wufang Optoelectronics, Lehman Optoelectronics, etc. Copper cable high-speed connection concept stocks continue to be active, and Shenglan shares and Huamai Technology have a daily limit. In terms of decline, synthetic biology concept stocks adjusted again, and Xinghu Technology fell more than 5%. Overall, individual stocks rose more and fell less, and more than 4,000 stocks rose in the whole market. The turnover of the Shanghai and Shenzhen stock markets today was 887.4 billion, an increase of 39.6 billion from the previous trading day. At the close, the Shanghai Composite Index rose 1.01%, the Shenzhen Component Index rose 1.1%, and the ChiNext Index rose 1.12%.

Sector

On the plate, the real estate sector set off a tide of daily limits, with more than 20 shares such as Vanke A, Poly Development, Urban Construction Development, Airport Co., Ltd., Binjiang Group, and Tiandiyuan. On the news, the People's Bank of China and the State Administration of Financial Supervision and Administration issued a notice that for resident families who take out loans to purchase commercial housing, the minimum down payment ratio of commercial personal housing loans for the first house is adjusted to not less than 15%, and the minimum down payment ratio of commercial personal housing loans for the second house is adjusted to not less than 25%.

Caixin Securities said that at present, the relevant policies of the real estate market are continuing to exert force, and there is still room for further increase in the follow-up. Judging from the deployment of the Central Economic Work Conference, the "three major projects" will be the key tasks of this year, 1) we can focus on the central enterprises of infrastructure construction in the first place; 2) With the promotion of stabilizing demand and ensuring the delivery of buildings, the property market sales are expected to show marginal improvement, and large state-owned real estate enterprises with stable fundamentals can be paid attention to; 3) In the context of the continuous promotion of the real estate financing coordination mechanism, some of the leading private enterprises included in the "white list" of real estate enterprise financing are expected to usher in credit repair.

From a market point of view, with the recent favorable real estate policies continue to be intensively catalyzed, real estate stocks have come out of a strong continuity, and this afternoon also resonated with the index and market sentiment, becoming a well-deserved leader of the current market. Therefore, in the context of the further activation of the active sector, we can still pay attention to the supplementary opportunities in the direction of the real estate chain.

Low-altitude economic concept stocks also strengthened, traffic control technology, Xinchen technology rose 20%, set up research institutes, Andawell, Nanjing Julong, Bichuang technology rose more than 10%, Zongshen Power, Changyuan Donggu, Shengxun shares, Sichuan University Zhisheng and other stocks rose by the limit. On the news side, the "Beijing Action Plan for Promoting the High-quality Development of Low-altitude Economic Industries (2024-2027)" is open for public comment. The plan mentions the establishment of a leading group for low-altitude economic development led by municipal leaders. Explore the new format of split flying car intercity commuting + intra-city ferry application.

As a super theme of deep involvement of funds before, the low-altitude economy has always maintained a high degree of capital activity, so at the time node of today's short-term sentiment recovery, the low-altitude economy once again ushered in a collective return to repair. However, it should be noted that most low-altitude economic concept stocks will still face the test of selling pressure in the early stage. The core target Wanfeng Aowei hit a new high in the intraday and then fluctuated and fell, so if there is enough incremental funds to enter the relay in the future, the short-term may face differentiation again.

The three major indexes all rose by more than 1%, and multiple benefits helped the real estate to set off another climax, and giants such as Poly and Vanke rarely rose to the limit

In terms of individual stocks

From the perspective of individual stocks, the strongest direction of today's market is undoubtedly the direction of real estate, and real estate stocks alone exceed 20 shares. Among them, it includes large-capacity, high-recognition weight targets such as Vanke A and Poly Development. In addition to short-term active funds, the traces of the influx of medium and long-term allocation funds are also obvious. In the future, pay attention to the market feedback of "Zhaobao Wanjin" and Binjiang Group, as long as there is no obvious disruptive decline, the real estate market will most likely continue. However, after the continuous increase in volume, the short-term sentiment of real estate stocks may tend to climax, and the risk-return ratio of chasing up at this time is relatively low.

In addition, the direction of technology stocks today is also receiving a return of funds. Among them, the concept of copper cable high-speed connection has come out of strong continuity, Shenglan shares, Huamai Technology daily limit, Shenyu shares rose by more than 15% again. The glass substrate concept stocks are also fermented in the intraday, and many stocks such as Voge Optoelectronics, Sanchao New Materials, Wufang Optoelectronics, Lehman Optoelectronics, Delong Laser, and Dier Laser have daily limits. At present, the hype of technology stocks is somewhat similar to the new energy market in 22 years, because the direction of CPO, computing power, memory chips and other directions is more fully deduced after the previous repeated speculation, so some new technologies and new increments are obviously more favored by funds.

Market outlook analysis

Throughout the day, today's market showed a trend of rebounding in volume, with the three major indexes all rising more than 1% as of the close, and the structure of medium-term volatility and higher continued. It was the outbreak of real estate stocks across the board that led to the violent rally in the late stage of the index. Therefore, looking forward to the market outlook, the resonance linkage of the blue-chip index represented by real estate and finance may continue, and when it can maintain the medium-term upward trend of shock and higher, it may be worth looking forward to the continuation of the index. In addition to real estate, low-altitude economy, chemical industry, science and technology (copper cable high-speed connection, glass substrate) and other themes are also active in today's market, and short-term sentiment is also significantly warmer. It is expected that the above-mentioned hot spots will continue to rotate and rise in the future, so wait patiently for the short-term rebound of the theme and then look for opportunities for low-suction arbitrage.

Driven by real estate stocks, today's market showed a pattern of large-scale general growth, short-term sentiment rebounded significantly, and sentiment indicators rebounded above the active zone.

Market news focus

1. Central Bank: Set up a 300 billion yuan re-loan for affordable housing to support local state-owned enterprises to purchase completed and unsold commercial housing at a reasonable price

On May 17, Tao Ling, deputy governor of the People's Bank of China, said at the regular policy briefing of the State Council on May 17 that the central bank will set up a 300 billion yuan affordable housing re-loan to encourage and guide financial institutions to support local state-owned enterprises to purchase unsold commercial housing at a reasonable price in accordance with the principles of marketization and rule of law, and use it as a placement or rental type of affordable housing, which is expected to drive bank loans of 500 billion yuan.

2. The central bank: from May 18, the interest rate on personal housing provident fund loans will be lowered by 0.25 percentage points.

Cailian News on May 17, the People's Bank of China issued a notice on reducing the interest rate of personal housing provident fund loans, starting from May 18, 2024, the interest rate of personal housing provident fund loans will be reduced by 0.25 percentage points, the interest rate of the first set of personal housing provident fund loans below 5 years (including 5 years) and more than 5 years will be adjusted to 2.35% and 2.85% respectively, and the interest rates of the second set of personal housing provident fund loans below 5 years (including 5 years) and more than 5 years will be adjusted to not less than 2.775% and 3.325% respectively.

(Finance Associated Press, Fenglin)

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