The Shanghai Composite Index fell below 3100 points again, and high-level stocks began to ebb and flow! But this type of stock is "earth-sky board" in bulk today

National Business Daily

2024-05-30 15:27Posted on the official account of Sichuan Daily Economic News

Reporter: Zhao Yun Editor: Xiao Ruidong

On May 30, the market fluctuated and diverged throughout the day, with the Shanghai Composite Index rising and falling below 3,100 points, and the Science and Technology Innovation 50 Index rising more than 1%. At the close, the Shanghai Composite Index fell 0.62%, the Shenzhen Component Index fell 0.32%, and the ChiNext Index rose 0.11%.

In terms of sectors, commercial aerospace, automobile dismantling, memory chips, China Shipbuilding and other sectors were among the top gainers, while non-ferrous metals, electric power, real estate, coal and other sectors were among the top decliners.

Overall, stocks fell more and rose less, and more than 3,500 stocks in the whole market fell. The turnover of the Shanghai and Shenzhen stock markets was 723.3 billion yuan, an increase of 14.9 billion yuan from the previous trading day.

The fourth trading day of A-shares has come to an end this week, and I believe that more and more people are aware of the current predicament of the market:

Continuous shrinkage + rotation acceleration = repeated oscillation

The game of stock funds is becoming more and more "rolled".

Yesterday, the first wave of the market could still last from 9:30 to 10:30, and today it was advanced to 10 o'clock.

Yesterday's electric fan blew more than 10 themes, and everyone has risen anyway; There is still a rotation today, but more plates simply do not rush higher in the intraday, and go directly lower.

In this case, holding on to the currency may be the easiest strategy. There is no need to intrigue to ambush and get stuck, and wait for a "thing must be reversed", and the market is really good before entering the market, isn't it beautiful?

But as long as you don't never speculate in stocks, the review is still indispensable, so let's take a look at it together.

Why the afternoon opening dive?

Today's performance of A-shares in early trading was quite normal, with the three major indexes all fluctuating in a narrow range, with the ChiNext index rising slightly at the close, and the STAR 50 index rising more than 1%.

However, as soon as the afternoon opened, as the FTSE China A50 Index futures extended their decline, the index also ushered in a continuous dive for nearly 20 minutes.

Among them, the Shanghai Composite Index fell the most, and other indices were slightly stronger.

Statistics show that the main force of the decline during this period is the heavyweight stocks such as Zhongzitou, banks, and coal.

In terms of the performance of the whole day, the banking, real estate, power, oil and gas and other sectors, which account for a high proportion of the constituent stocks of the Shanghai Index, did lead the decline.

But what is the reason for the decline?

First of all, there was indeed no sudden major negative at noon, so you don't need to panic too much.

Here are some of the more objective analyses.

(1) There is a view that the hawkish speeches of Fed officials this week have made the market worry about the progress of subsequent interest rates, and the three major U.S. stock indexes collectively closed down overnight, which also put pressure on the Asia-Pacific market.

(2) Towards the end of the month, it coincides with the "withdrawal day", and the desire for capital offensive weakens and the intention of cashing out; The superimposed market volume can shrink, and the undertaking strength is weaker when it falls.

(3) Taking the Shanghai Index as an example, since last Friday, the lower edge of the shock box is about 3087 line, and the funds choose to compete at the same low point, rather than clinging to the 3100 point mark, which is more conducive to the formation of a rebound force.

And, as we said last Sunday, there is still a game of the annual line position (currently about 3073 points), and the market is currently waiting for the choice of direction in the shrinkage shock.

A number of 1 yuan stocks in the day "earth and sky"

At present, the upper limit of the short-term connection board is still stuck in the 3 board, and the Chendian International, which was finally "3 into 4" yesterday, is also "sky floor" today. High-level stocks also ebbed, Hunan Gold fell to the limit, and Northern Copper, Shengda Resources, Zijin Mining, Yunnan Copper, etc. followed suit.

At the same time, in the corner where no one cares, a group of stocks whose stock prices have fallen to around 1 yuan are trying to change their lives against the sky. For example, after three consecutive falls, Zhongyin Cashmere Industry walked out of the sky board today.

Yabo shares, which fell to 0.92 yuan in the intraday, also walked out of the earth and sky board, closing at 1.12 yuan.

As well as Shenhua Holdings, which fell yesterday and opened as low as 1.09 yuan today, also quickly rose to the limit and walked out of the quasi-earth board.

Similar deep-water pull-up also occurred in individual stocks such as Jishi Media, Huawen Group, and Pengdu Agriculture and Animal Husbandry.

According to media reports, a number of listed companies have recently tried to escape from the precipice of delisting at face value, and have urgently thrown out various "self-help" measures such as share buybacks, major shareholders increasing their holdings, and looking for new shareholders to inject capital.

However, correspondingly, the "shell" action usually attracts the attention of the regulatory authorities, so the same risk of participating in 1 yuan shares is not small.

In addition, in the past, whenever the market was in a downturn, some of the funds in the market would choose to hold in the ST sector, but this year the situation is a little different. At present, the ST sector as a whole is still in a state of falling limit, and only a few stocks are bucking the trend.

Can the commercial aerospace sector break the game?

In fact, the funds in the market are also trying to find a new theme that can "cross" to break the game in the increasingly normalized high-speed rotation - just like the synthetic biology that strengthened at the end of April.

The commercial aerospace concept, which was born yesterday, opened high and went low today, and today it opened low and went high and stabilized at a high level, with the increase far exceeding that of other leading sectors such as semiconductors and automotive services.

Among the constituent stocks, the western test tested the 20cm daily limit; Aerospace Chenguang 3 boards, two consecutive days of high volume and high turnover.

On the news side, yesterday afternoon, the mainland's Taiyuan Satellite Launch Center successfully launched the Ceres-1 sea-launched Yao-2 carrier rocket in the waters near Shandong, carrying the 25-28 satellites of the Apocalypse constellation smoothly into the predetermined orbit, and the flight test mission was a complete success.

Ceres-1 has become a star product in China's commercial aerospace field, and is the first private rocket in the mainland to start high-density launch and delivery, and has been successfully launched on land many times. The Ceres-1 sea-launched launch vehicle has been adapted to the needs of sea launch and is a four-stage solid commercial launch vehicle.

Recently, a number of listed companies have disclosed their layout in the commercial aerospace field on the interactive platform. Sirui New Materials said that the company participated in the investment of Blue Arrow Aerospace. At the same time, the company's liquid rocket thrust indoor wall products have passed many test runs and launch verifications of major commercial aerospace customers, and have been successful in the actual launch of downstream customers.

Everbright Securities predicts that the scale of China's satellite Internet industry is expected to exceed 720 billion yuan in 2024, and the mainland has formed a relatively complete satellite Internet industry chain, with huge potential in ground equipment manufacturing and satellite operation and service industries.

National Business Daily

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