The A-share market ended in May, with the Shanghai Composite Index, Shenzhen Component Index and ChiNext Index falling by 0.58%, 2.32% and 2.87% respectively. The biggest gains in May were in the coal sector, which rose 6.19%, and the real estate sector, which also rose more than 6%. The most bullish stock is Yingli Shares, a big AI PC bull stock that has seen a 20% limit three times this month, with a cumulative increase of nearly 180%.
In terms of funds, as of May 30, the cumulative net inflow of northbound funds in May was 16.577 billion yuan, of which the net inflow of Shanghai-Hong Kong Stock Connect was 20.330 billion yuan, and the net outflow of Shenzhen-Hong Kong Stock Connect was 3.753 billion yuan. Since May, the financing balance of the A-share market has been net buying 16.768 billion yuan. Both domestic and foreign investors significantly increased their positions in the A-share market in May.
The most bullish stock rose nearly 180%
Looking back on May, the three major A-share indexes fluctuated and adjusted, the Shanghai Composite Index once approached 3,200 points, and the theme sectors rotated rapidly, and many investors called "the market is difficult to do".
In May, among the 31 industries at the first level of Shenwan, coal, real estate, agriculture, forestry, animal husbandry and fishery industries were among the top gainers, up 6.19%, 6.18% and 5.14% respectively; The media, computer, and communication industries were the top decliners, falling by 8.78%, 8.32%, and 6.48% respectively, while the commerce and retail, social services, and pharmaceutical and biological industries all fell by more than 4%. In May, the coal sector, where dividend assets gathered, led the market, and the real estate sector also rose sharply for a time, but continued to adjust in the second half of the year, and finally rose by 6.18%.
In May, a total of 1,947 A-share stocks rose positively, 142 stocks rose by more than 20%, and 13 stocks rose by more than 50%. Excluding the new stocks listed in May, the top ten bull stocks in May were Yingli shares, Langyuan shares, Yangfan New Materials, Huayu Mining, Star Power, Zhongzhi Technology, ST Zhongjia, *ST East Park, Electric Power Research Institute, and Jundingda, of which 5 stocks rose by more than 70%.
Top 10 bull stocks in May
Judging from the distribution of the top ten bull stocks, the top ten bull stocks in May were mainly distributed in electronics, agriculture, forestry, animal husbandry and fishery, basic chemicals, non-ferrous metals, public utilities, power equipment, communications, building decoration, and social service industries, of which there were 2 in the basic chemical industry. This reflects the phenomenon that the hot spots in the market in May are not concentrated and scattered.
Yingli shares, which rose the most, rose nearly 180% in May, with a total market value of 1.657 billion yuan to 4.594 billion yuan, during which there were 3 20% daily limits (3 consecutive trading days from May 21 to May 23). Yingli shares on the evening of May 30 issued an announcement on abnormal fluctuations in stock trading, said that the company's short-term stock price rose seriously from the gem composite index, significantly higher than the company's computer, communication and other electronic equipment manufacturing industry average, there is a situation of overheated market sentiment. The structural products supplied by the company are not strongly related to artificial intelligence. AI PCs may bring new replacement needs, but as of now, the company's AI PC structural parts products still account for a small proportion of orders. The company has suffered consecutive losses in 2022 and 2023, and has just turned losses into profits since the first quarter of 2024.
The stocks that fell the most fell by more than 80% in May
A total of 3,371 A-share stocks fell in May, and 105 stocks fell by more than 20%. The top 10 stocks that fell the most in May were Delisted Mall, *ST Baoli, *ST Yinjiang, *ST Baan, *ST Chaohua, *ST Zhongrun, ST Bailey, ST Changkang, *ST Meiji, and ST Sunshine. Among them, the delisted mall with the largest decline fell by 81.91% in May, and May 29 was the starting day for the delisted mall to enter the delisting period. Except for the delisted mall, the other stocks are ST stocks, among which *ST Baoli, *ST Meiji, and ST Sunshine have been locked in and delisted.
The 10 stocks that fell the most in May were mainly distributed in the trade and retail, power equipment, computer, environmental protection, electronics, non-ferrous metals, building decoration, medicine and biology, social services, and textile and apparel industries.
The top 10 stocks fell the most in May
For June, institutions are optimistic about the performance of A-shares. Huaan Securities said that in June, the market is expected to gradually rise in shocks. On the one hand, the macro high-frequency data in May pointed to a slight month-on-month improvement in economic momentum, with external demand driving the production side to maintain a relatively high prosperity, consumption and inflation recovering moderately, and the decline in real estate sales narrowing; On the other hand, the implementation of policies has accelerated, the market's expectations for reforms in key areas have increased, and risk appetite is expected to increase slowly.
Everbright Securities said that the introduction of favorable real estate policies is conducive to promoting the high-quality development of the real estate market, boosting market confidence and promoting the recovery of market sentiment. It is expected that the A-share market is expected to continue its strong performance.
(The market data and pictures in the article are from Wind)
Reviewer: Wang Chao Editor: Zhang Nan Zhang Lijing Proofreader: Ya Wenhui Signed: Sun Hong