baccaratgame| Midday review: The index fluctuated in early trading and adjusted, and the power sector set off a rising tide
Special topic: a-share has entered the right rising stage. Foreign investors are optimistic about the allocation value of A-share.
May 24 news, the index early trading shock adjustment, the three major stock indexes rose and fell back. In terms of the plate, the electric power plate set off a rising limit, the Jiuzhou Group 20cm limit, New China and Hong Kong, Dalian Thermal Power (rights protection), Leshan Electric Power and other individual stocks rose collectively; the agricultural plate strengthened collectively, the corn plate led the rise, and Wanfang development trading limit; the pork plate was active, Zhenghong science and technology rose by the limit; the food processing plate rose, the western animal husbandry 20cm rose by the limit, and McCall touched the limit. In terms of decline, the concept of low-altitude economy continued to adjust, and Guangzhou-Harbin Communications fell by more than 10%. The concept of AI mobile phone fell lower, with Hiddiwei and Jiang Bolong leading the decline; real estate stocks collectively weakened, urban construction development fell by the limit during the day, and Binjiang Group and Chongqing Development led the decline. Overall, individual stocks fell more than rose less, down more than 2700 stocks.
By lunchtime close, Prev was at 3111.Baccaratgame.50 points, down 0.16%; Shenzhen Index, 9504.16 points, down 0.39%; and Chuangxin Index, 1838.64 points, down 0.73%.
On the market, electricity, corn, dairy sector led the rise, real estate services, flying cars, AI mobile phone plate led the decline.
Hotspot plate:
1. Electricity
Jiuzhou Group, South Network Technology, Jiawei Xinneng, Xinzhong Hong Kong and other stocks are active.
On the news side, this month the National Development and Reform Commission issued the "basic rules for the Operation of the electricity Market" to promote more market-oriented trading of electricity, capacity and auxiliary services. The new rules will come into effect on July 1, 2024. Among them, new operators such as energy storage enterprises, virtual power plants and load aggregators have been added to the market members.
2. Pork
Zhenghong technology, new Wufeng, Tang Renshen, Dongrui shares and other shares strengthened.
According to Souzhu data, on May 23, the average price of lean pigs nationwide was 15.92 yuan / kg, up from the previous day.BaccaratgameIt costs 0.2 yuan / kg. Prices across the north and south generally showed a marked rise of 0.15 to 0.4 yuan / kg, and the market increase showed a trend of further expansion. Compared with the average price for the same period last year, the increase was 12.11%. Due to the acceleration of the elimination of sow production capacity in the second half of last year, the shortage of standard pigs in the market since this month is obvious. Under the shortage of pig supply, the bullish sentiment in the market is high, and pig prices have bucked the trend for many days in a row.
Message side:
1. [Shanghai: the transaction scale of green power will reach more than 5 billion kilowatt-hours by 2025] the Shanghai Municipal Development and Reform Commission and other four departments recently issued the Shanghai Municipal opinions on promoting Green Power consumption and speeding up Energy low-carbon Transformation. Among them, it is pointed out that by 2025, the green electricity green card trading mechanism will be gradually improved, and the construction of relevant demonstration projects will be promoted solidly, providing operators with sound, friendly and easy-to-use green electricity green card trading services, and the consumption capacity of green electricity will be significantly improved. the scale of green electricity transaction has reached more than 5 billion kilowatt-hours. By 2030, with the diversified development of green power supply and consumption, the green power consumption potential of the whole society will be further stimulated, and green electricity consumption has become a new fashion of the whole society. The green power coverage rate of enterprises in key industries in the city has reached the domestic advanced level, and the green power consumption benchmark city has been built. The scale of green electricity transaction reached 30 billion kilowatt-hours.
2. [the Seventh Digital China Construction Summit opened in Fuzhou] the Seventh Digital China Construction Summit opened this morning in Fuzhou, Fujian Province. This summit is the first digital China construction summit held after the optimization and adjustment of the national data work system, with the theme of "releasing the value of data elements and developing new productivity". The summit has set up the main forum and more than 10 sub-forums to release the "Digital China Development report (2023)" and display the latest achievements of digital China construction through a 56000 square meter on-site experience area.
3. [Jiangxi Automobile "trade-in" can receive a subsidy of 10000 yuan] the Jiangxi Provincial Department of Commerce led 15 departments to formulate the "Jiangxi Province implementation Plan for promoting the Trade-in of Consumer goods." Cars trade in old for new. The provinces and cities work together to support the scrapping and renewal of automobiles. From April 24, 2024 to December 31, 2024, individual consumers will scrap their country III or lower emission standard fuel passenger vehicles or new energy passenger vehicles registered before April 30, 2018 (including the same day), and buy new energy passenger vehicles or fuel passenger cars with engines of 2.0 liters or less, which are included in the catalogue of New Energy vehicles with tax exemption for vehicle purchase issued by the Ministry of Industry and Information Technology. An one-time fixed subsidy shall be given. Among them, 10, 000 yuan will be subsidized for those who scrap the above two types of old cars and buy new energy passenger cars, and 7000 yuan for those who scrap the country's three or less emission standard fuel passenger cars and buy fuel passenger cars with engines of 2.0 liters or less.
4. [over 70 cities trade in old houses for new ones] according to incomplete statistics, at least 71 cities have launched the relevant policy of "trade in old for new" so far. With the introduction of the new policy of "517" property market, more and more cities have accelerated the implementation of the landing rules of "trade in old for new". Multi-cities explicitly encourage or promote state-owned enterprises to acquire second-hand housing in the hands of property buyers. With regard to the current situation of purchasing second-hand houses, he Minan, chief analyst of Everbright Securities (rights protection) real estate team, said that at present, the cities with larger acquisition targets are Zhengzhou (estimated for 5000 units in 24 years) and Nanjing (expected for 2000 units in 24 years). The rest of the city as a whole belongs to the 100-level pilot, and the main body of the purchase of old housing is basically local state-owned enterprises, due to the small scale of local pilot, the intention to subscribe rate is not high in the short term. Or the impact on new housing and second-hand housing transactions is limited.
Institutional viewpoint:
Rongzhi Investment said that the trigger for the market's decline was the violent turmoil in overseas markets and commodity markets. As the Federal Reserve's interest rate negotiation minutes released on Wednesday night showed a more hawkish attitude, expectations for interest rate cuts were further postponed, resulting in a heavy decline in commodities such as copper, silver and gold that have soared recently. After the A-share market opened, relevant industry sectors showed a large retreat. At the same time, Asian markets such as Hong Kong stocks, Japan and South Korea were also under greater pressure in early trading. Although the Shanghai Composite Index has been relatively strong recently and has emerged from the market in March and April, this index has been affected by the large number of votes. Judging from the overall index of the China Securities Exchange, most stocks are still in range fluctuations in March and April. Recently, the strong real estate sector has experienced profit-taking, while commodity-related upstream sectors such as nonferrous metals have experienced sharp declines in recent days, which has a greater impact on market sentiment. For the strong indexes of the Shanghai Stock Exchange 50 and the Shanghai and Shenzhen 300, the trend of further capital accumulation has not changed much. Adjustment is not a bad thing. It may continue to lead the gains in the future, but the pressure on small-cap stocks will be relatively greater in the short term. It is recommended to avoid individual stocks that are wildly hyped in the short term, and consider choosing high-quality stocks with low valuations and holding them patiently.
33rd Capital pointed out that for the current market, the overall lack of incremental funds is the key, which will lead to the market maintaining range fluctuations, leading to industry or theme rotation without a clear main line of thinking. The overall market in 2024 is a matter of maintaining stability, so the first thing we need to understand is that the market will not experience the extreme conditions of 2023 throughout the year. In view of the above thinking, we are optimistic about the performance of the subsequent market. For A-shares themselves, the market has been guiding long-term investment thinking, such as the continued strengthening of the concept of high dividends. Throughout the year, we believe that the two directions of technology + high-end equipment are not only in line with the needs of industry development, but also in line with the guidance of policies. The subsequent risks mainly come from the listed companies themselves. Since the beginning of the year, more than 40 companies have been investigated and punished for various problems. If we look at Nasdaq and Dow Jones, more than 4000 companies have delisted in the overall history, which is equivalent to replacing all currently listed companies and implementing the delisting mechanism for A-shares, they will also face such problems, which will have an intangible impact on investors and the capital market.