Author|Zhao Ling,Editor|Gu Jinfeng
Source: Jufeng Investment Advisory, Good Stock Application
【Jufeng Viewpoint】
On Friday, A-shares rose in volume, with the three major indexes rising by about 1%. On the disk, real estate services, chemical fiber, aerospace, optics and optoelectronics, and real estate opened up to lead the gains, while aviation airports, communication equipment, computer equipment, electronic components, software development, semiconductors, etc. rose first, and games, precious metals, and traditional Chinese medicine pulled back slightly. In terms of theme stocks, PEEK materials, leasing and selling the same rights, super concept, MicroLED, carbon fiber, copper cable high-speed connection, general aviation, low-altitude economy, flying cars, civil explosive concepts, etc., led the gains, and artificial meat, Alzheimer's, aquaculture, AI corpus, water purification concept, CRO concept, etc.
【Technical Watch】
In the medium term, the market is now on the upswing after a mid-term shock. In the short term, the market has rapidly adjusted into the short market, and the weekly line has been adjusted, and the short-term position control is mainly wait-and-see.
【Hot Plate】
The low-altitude economy set off a tide of price limits: Shenglan shares, traffic control technology, Xinchen technology 20cm daily limit, Zongshen Power, United Strong, Shengxun shares, Sichuan University Zhisheng and other daily limits.
The real estate sector rose: urban construction development, Tiandiyuan, Binjiang Group, Chengtou Holdings, Airport Group, Vanke A, Nanguo Real Estate, Poly Development, etc.
The laser sector is strong: Dier Laser, Delong Laser 20cm daily limit, Innova Laser, Concentrating Technology, Guangyunda, Yifei Laser and other top gainers.
【Inventory of important news】
The down payment ratio of the mortgage has been lowered and the interest rate of the provident fund has been reduced
The People's Bank of China decided to reduce the interest rate of personal housing provident fund loans by 0.25 percentage points from May 18, 2024, and the interest rate of the first set of personal housing provident fund loans for less than 5 years (including 5 years) and more than 5 years will be adjusted to 2.35% and 2.85% respectively, and the interest rate of the second set of personal housing provident fund loans for less than 5 years (including 5 years) and more than 5 years will be adjusted to not less than 2.775% and 3.325% respectively. The minimum down payment ratio for the first home commercial loan is adjusted to not less than 15% The minimum down payment ratio for the second home commercial loan is adjusted to not less than 25%
A major breakthrough! The core components of quantum computers have been localized
Anhui Provincial Quantum Computing Engineering Research Center recently announced that the localization of high-density microwave interconnection modules, the core component of China's third-generation independent superconducting quantum computer "Origin Wukong", has been successfully developed. The successful development of this module enables the quantum chip to exert more powerful computing power, which helps the efficient operation of "Origin Wukong", and also provides valuable technical support for the research and development of the next generation of quantum computers.
National Bureau of Statistics: The sales prices of commercial housing in all tiers of cities continued to decline in April
In April 2024, the real estate market continued to adjust, and among the 70 large and medium-sized cities, the month-on-month and year-on-year decline in the sales prices of commercial housing in all tiers of cities expanded. In April, the sales price of newly built commercial residential buildings in first-tier cities fell by 0.6% month-on-month, an increase of 0.5 percentage points from the previous month. Among them, Beijing, Guangzhou and Shenzhen fell by 0.7%, 1.3% and 1.0% respectively, and Shanghai rose by 0.3%. The sales prices of newly built commercial residential buildings in second- and third-tier cities decreased by 0.5% and 0.6% month-on-month respectively, with the decline rate both increasing by 0.2 percentage points from the previous month.
【Movement of funds】
According to Dongcai statistics, as of the end of the day, the Shanghai and Shenzhen markets showed a net outflow of funds, with a total outflow of 4.897 billion yuan from the Shanghai and Shenzhen markets on the same day. Among them, the net inflow of large orders was 2.170 billion yuan, the net outflow of large orders was 7.067 billion yuan, the net outflow of medium orders was 8.641 billion yuan, and the net inflow of small orders was 13.538 billion yuan.
【Limit Analysis】
Today, there are 94 up limits and 17 down limits;
Today, the number of up-limit boards in the two markets increased compared with the previous trading day, and the number of down-limit boards decreased from the previous trading day. The price limit data shows that today's market sentiment has rebounded from the previous trading day. The price limit is mainly concentrated in the reform of state-owned enterprises, real estate development, and property management, and the overall money-making effect of the market is average.
【Opinion Strategy】
In early trading, the three major indexes of A-shares fluctuated, and on the disk, PEEK materials, low-altitude economy, carbon fiber, MicroLED, aerospace, flying cars, copper cable high-speed connection, civil explosion, chemical fiber, Huawei Euler and other sectors were at the top of the list of gainers. Precious metals, water purification concepts, artificial meat, aquaculture, games, AI corpus, CRO, and home appliances led the decline.
In the afternoon, the real estate sector rose sharply, and on the news, the central bank lowered the interest rate on personal provident fund loans, and the proportion of loans for the first home was adjusted to no less than 15%. In addition, building materials, retail, agriculture, lithium batteries, non-ferrous metals and other sectors rose significantly, and the stock index rebounded. The market volume can shrink significantly in the morning, and with the release of market volume in the afternoon, the full-day trading volume is close to 900 billion.
Overall, after the Shanghai Composite Index broke through 3,100 points, it built a box shock, and investors can grasp the rhythm and sell high and buy low. In the medium term, with the implementation of various counter-cyclical adjustment policies and measures, the domestic economy has entered a recovery cycle, and A-shares have gradually found the bottom of the market and fluctuated upward.
Investment advice: Jufeng Investment Consulting believes that under the expectation of economic recovery, A-shares are expected to enter a medium and long-term bull market. In the short term, the market is mainly affected by exchange rates and external geopolitical factors. In the medium to long term, the market has returned to activity, and the attractiveness of A-shares will further enhance in the future. After the end of the earnings season, theme stocks are expected to be active again, and investors can focus on growth track stocks such as military industry, robotics, and new energy in May.
(Author: Zhao Ling Practicing Certificate: A0680615040001)
Disclaimer: The above content is for reference only and does not constitute specific operation advice, and you shall operate at your own risk and profit and loss