Sudden good! A-shares exploded, the Securities Regulatory Commission and the Energy Bureau were heavy, and the Indian stock market plummeted at a historic level

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2024-06-04 16:24Posted on the official account of Guangdong Kan Finance

Today's plunge in small and micro cap stocks continued, with more than 71 falling limits, and correspondingly, market funds increased their allocation to core assets and blue chips. This morning, the volume shrank sharply by 100 billion, it seems that yesterday's volume was caused by the funds cut out of small and micro cap stocks, and there were two major positives at noon, and the index exploded and strengthened, and there was a volume here.

Compared with the collapse of micro-cap stocks at the beginning of the year, the market appears to be much more rational this time. At the beginning of the year, the wave was a liquidity crisis, and the market was extremely panicked. And now it is rising and falling, and the index is not very risky, mainly because a lot of leverage exploded at the beginning of the year.

Let's take a look at today's blockbuster news:

Yesterday, the final value of the European manufacturing PMI in May was 47.3, lower than the market expectation of 47.4; the ISM manufacturing PMI released by the United States was 48.7, lower than the market expectation of 49.6, the ISM manufacturing PMI contraction exceeded economists' expectations, showing that the US economy is weakening, the market is expected to cut interest rates by the Federal Reserve, the US dollar index and the US 10 bond yields have plunged sharply after the release of the data, and the US 10 bond yield has fallen below the 4.4% mark.

In addition, China's official manufacturing PMI in May also fell below the boom and bust line, and the recovery of the three major economies of China, the United States and Europe was less than market expectations.

When the non-ferrous metals, oil and other resource sectors soared before, we reminded everyone that the global economic recovery expected by the market was too optimistic. In 2020, the epidemic led to a large release of water by the global central bank, and then the global economy experienced recovery and overheating, and now it is actually in the stage of stagflation, and the soft landing is already an optimistic ending, and it is too optimistic to want to skip the recession and recover directly, although inflation in Europe and the United States has fallen, but the absolute price has not fallen, and residents' savings and income and expenditure are deteriorating.

Oil fell more than 3% last night, and fell more than 1% today. From the perspective of supply, oil and gas analyst Javier Blas said that although OPEC+ production cuts have been delayed, they are actually paving the way for production increases. In his opinion, looking closely at the content of the agreement, OPEC+ will be able to release more supply to the market from October, and next year it will increase significantly. From the perspective of demand, the global economic recovery is less than expected, which is the direct fuse.

The National Energy Administration issued the "Notice on Doing a Good Job in the Consumption of New Energy and Ensuring the High-quality Development of New Energy". There are four core points of view in the document: streamlining the approval process, accelerating the construction of the project, and promoting the construction of the power grid around the grid connection + consumption of new energy. We will increase the capacity of system regulation, and increase the development of regulatory resources and technologies such as grid-based energy storage, flexible transformation of thermal power, high-precision power forecasting, and inter-provincial mutual assistance (flexible interconnection, back-to-back flexible straightness, etc.). Improve the ability of power grid coordination and operation, increase the construction of UHV channels, optimize the level of intelligent dispatching, and improve the observable, measurable and controllable ability of the distribution network; Accelerate the construction of the electricity spot market and break down the barriers to inter-provincial trading of new energy. Optimize the target of new energy consumption rate, reasonably formulate the consumption red line, and reduce the burden on the operation of the power grid.　

Stimulated by this news, today's intraday power sector exploded, driving the photovoltaic, new energy and other sectors to strengthen, Pinggao Electric, China Xidian, Jiusheng Electric and other shares of the daily limit.

According to the Financial Associated Press, on June 4, Shanghai held a press conference of the municipal government to introduce the 15th Lujiazui Forum. Wang Li, deputy director of the General Office of the China Securities Regulatory Commission, revealed at the press conference that on the morning of June 19, Wu Qing, chairman of the China Securities Regulatory Commission, will attend the opening ceremony and plenary session of the forum and deliver a keynote speech on "promoting world economic growth with high-quality financial development". On the afternoon of June 19, Fang Xinghai, Vice Chairman of the China Securities Regulatory Commission, and Qiu Yong, Chairman of the Shanghai Stock Exchange, will deliver keynote speeches on "Scientific and Technological Innovation and High-quality Development of the Capital Market". "During the 2024 Lujiazui Forum, the China Securities Regulatory Commission will release relevant policy measures for the capital market." Wang Li said, "The China Securities Regulatory Commission will also work with the Shanghai Municipal People's Government to establish a collaborative working mechanism for the capital market to support Shanghai in accelerating the construction of the five centers, so as to help Shanghai enhance its competitiveness and influence." ”

On May 31, nearly 10 billion yuan of Beijing vehicle-road-cloud integration construction project was tendered, focusing on more than 6,000 intersections from Beijing's fourth ring road to the sixth ring road. Following Beijing, Fuzhou yesterday launched the demonstration construction of the intelligent networked vehicle, road-cloud integration start-up area. Shanghai, Hangzhou, Xiamen, Guangzhou, Shenzhen and other places are also expected to continue to carry out the integration of vehicles, roads and clouds.　

Today, vehicle-road coordination, intelligent driving and other sectors are strong, and many stocks such as Zhongwei Electronics, Wanji Technology, and Genvict Technology have daily limits.

Finally, as of the close, the Shanghai Composite Index rose 0.41%, the ChiNext Index rose 1.33%, the Hong Kong Hang Seng Index rose 0.35%, and the Hang Seng Technology Index rose 0.40%. The turnover of the two cities shrank to 0.74 trillion, and more than 3,100 companies fell.

As India's general election entered the voting phase on Tuesday, preliminary vote counts showed that Modi's ruling coalition did not win as expected, and concerns about the persistence of economic reform policies triggered a triple kill in India's stock market, foreign exchange market, and bond market. After hitting a new high yesterday, the Indian stock market SENSEX30 index fell more than 8% intraday at one point.

Risk Warning:

The stock market is risky, investment needs to be cautious, this article does not constitute investment advice, readers need to think independently

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