U.S. stocks rose above 40,000 points, the global financial market boiled again, with the fall of gold, the differentiation of commodities, financial predators began to return to the stock market, and the stock markets of many overseas countries hit a new high, which is also a better financial environment for A-shares. The A-share policy in May is mainly focused on the real estate "destocking" related benefits, the hot plate is still mainly rotated, and there is no large trend market, this position still has to wait for the "ice-breaking moment" of the market.
With the gradual easing of policies, it is expected that market confidence will be boosted, driving sales to pick up, the industry bottoming is expected to be accelerated, and the valuation of the sector may be gradually repaired. In the short term, the real estate sector market will continue, and the market still has expectations for the further relaxation of purchase restrictions in first-tier cities, which may also play a certain role in supporting the follow-up plate market. In the medium and long term, the real recovery of the property market is a sufficient and necessary condition for the continuation of the real estate sector. In the face of the new situation of the real estate market changing from a seller's market to a buyer's market, the relaxation of restrictive measures in the property market has become the general trend, and it is expected that there is still room for the subsequent optimization of the property market policy in first-tier cities.
The three major indexes collectively opened low, and then rose and turned red, the stocks in the two cities rose more and fell less, and the theme plate performed strongly in the concepts of low-altitude economy, space-time big data, warehousing and logistics, and construction machinery, ships, household appliances and other sectors performed poorly. Low-altitude economic concept stocks opened actively, Xinchen Technology rose nearly 20%, Beiwei Technology rose by the limit, Changyuan Donggu, Sinochem Geotechnical, etc., followed suit, exploring the new format of split flying car intercity commuting + intra-city ferry application. In the five years from 2023 to 2027, the high-speed copper cable market will continue to expand at an astonishing compound annual growth rate (CAGR) of 25%, and the current domestic high-speed cable market has exceeded 10 billion yuan, and it is expected that the incremental market space for high-speed copper cables will be about 100 billion yuan in the future.
The real estate sector has been repeatedly active, I love my home for 6 days and 3 boards, the airport shares have a daily limit, the World Union Bank, Binjiang Group, etc. have risen highly, and the person in charge of the Ministry of Housing and Urban-Rural Development introduced the relevant situation of supporting policies for ensuring the delivery of housing, and answered questions from reporters. The power sector fluctuated and rose, Gansu Energy rose by the limit, Star Power, Xichang Power, etc., as a flexible support power source in the policy dividend period, coupled with the current downward coal prices, the profitability of thermal power enterprises increased elasticity. Recently, a mobilization video conference was held to support the deployment of the "two-fold" construction, requiring the issuance and use of ultra-long-term special treasury bonds, and high-quality support for the implementation of major national strategies and security capacity building in key areas, so as to provide strong support for promoting Chinese-style modernization.
The Shanghai Composite Index repeatedly rushed higher after opening low on Friday, but it has never been able to break through the 5-day line, and it is more obviously suppressed by the moving average. Stocks in the two cities have risen from more to more down, coupled with the pressure of the weekend on Friday, this position still needs to pay attention to the changes in the market, and the market has obviously weakened. This week, there are relatively many positive real estate themes, which also shows that the market is turning in the direction of favorable policies, but the plate has never been able to rise and fall, indicating that the participation of funds is not high. In the afternoon, pay attention to whether the Shanghai Composite Index can stabilize above 3120 points.
The ChiNext index fluctuated underwater after opening low on Friday, close to the gap position, and was more obviously supported by the 20-day line. From a technical point of view, the 10-day line began to flatten, the 5-day line continued to decline, and there are strong supports below the 20-day line, 30-day line, 60-day line, and 120-day line, which is also the key to whether it can stabilize next week, otherwise it will return to around 1800 points. In the afternoon, pay attention to whether the ChiNext index can stabilize above 1840 points.
Lunchtime highlights:
1. As of May 16, the financing balance of the Shanghai Stock Exchange was 794.532 billion yuan, an increase of 1.216 billion yuan from the previous trading day, the financing balance of the Shenzhen Stock Exchange was 703.431 billion yuan, an increase of 1.424 billion yuan from the previous trading day, and the total of the two cities was 1497.963 billion yuan, an increase of 2.640 billion yuan from the previous trading day.
2. The People's Bank of China carried out a 7-day reverse repurchase operation of 2 billion yuan today, and the winning interest rate was 1.80%, the same as before. There is a reverse repurchase of 2 billion yuan due today