The market fluctuated higher throughout the day and ushered in a violent rebound. The gem index rose by more than 5%, the largest one-day increase since February 2019. On the disk, the track stocks led by lithium battery rose sharply, and many stocks rose by the limit. Cyclical sectors rebounded collectively, and rare earth, chemical, coal and other sectors rose sharply. In terms of decline, the textile and garment sector continued to adjust. Overall, individual stocks rose more and fell less. More than 3900 stocks rose in the two cities, and more than 200 stocks rose by the limit or more than 10%. The turnover of Shanghai and Shenzhen stock markets today was 917.7 billion, 78.9 billion more than that of the previous trading day. In terms of sectors, hjt batteries, lithium batteries, small metals, chips and other sectors led the increase, while textile and clothing, real estate services, retail, trade and other sectors led the decline.
sector
The biggest bright spot in today’s market is the full outbreak of track stocks, with a large amount of funds flowing back into lithium batteries (new energy), semiconductors and military industry. As analyzed in yesterday’s review, the beginning of this round of index decline was triggered by track stocks. From the perspective of people who still need to tie the bell to solve the bell, the index can not achieve real stability without the help of track stocks. After a long period of in-depth consolidation in the early stage, the originally high valuation of track stocks has been basically repaired. From the current quarterly report, although the performance of individual stocks is not as good as expected, the track as a whole still continues to have high performance growth. Subsequently, with the passing of the first quarterly performance window, the mitigation of the impact of the supply chain and the landing of the 50bp boot of the Federal Reserve’s interest rate hike, track stocks are expected to usher in a wave of repair window. However, it should be noted that the short position trend of track stocks is easy to fall but difficult to rise. Combined with the continuous decline in the early stage and the accumulation of a large number of hold up selling pressure, the probability of repetition in the short term is still not low. Therefore, we should not rush to pursue the price and enter the market due to the sharp rise in one day. From the perspective of short-term arbitrage, we should also wait until it steps back on the low point again and does not break. From the perspective of wave band, it is safer to wait patiently for the mid-term trend to be completely reversed or confirm the medium-term bottom signal.
Let’s look at the infrastructure sector. Stimulated by the news that the 11th meeting of the central financial and Economic Commission proposed to comprehensively strengthen infrastructure construction, the opening stage of today ushered in an outbreak early, with sub expenditures such as water conservancy, building materials and construction rising one after another. However, with the rise of track stocks in the session, the light of the infrastructure sector was completely covered up by track stocks, and there were high-level differences for a time. But the better thing is that with the overall recovery of market sentiment in the afternoon, the capital also returned. Although the final increase is less than that of the track, there is no obvious trace of capital flight. Under the economic expectation of steady growth, there are still further upward expectations in the follow-up.
individual shares
Under the background of the rise and fall of the infrastructure sector in the afternoon, many stocks exploded, but the popularity weathervane Zhejiang Construction Investment Group Co.Ltd(002761) took the lead in completing the sealing back in the afternoon, successfully stabilizing the military heart for the infrastructure sector. With Shanghai Geoharbour Construction Group Co.Ltd(605598) callback and explosion, the 4 boards of Hunan Development Group Co.Ltd(000722) have become the representatives of the market height. When the market sentiment recovers, it is still expected to further rise and open up the overall upward space of the sector. On the other hand, Shandong Hi-Speed Road&Bridge Co.Ltd(000498) after realizing the second board connection today, it has also completed the reverse contracting in form. Combined with the performance growth attribute that the company’s net profit increased by 58.2% year-on-year in 2021, it is expected to follow Hunan Development Group Co.Ltd(000722) to become the Chinese army in this round of infrastructure rise.
The real estate sector led the decline today. At present, the biggest problem in the real estate sector is that no individual stock can get out of the deterministic second wave market. Among them, Tande Co.Ltd(600665) which took the lead in realizing the reverse package was pressed to the limit early, resulting in obvious negative capital feedback to the board as a whole. Without a new direction, the capital can only choose to return Tianjin Tianbao Infrastructure Co.Ltd(000965) , Sundy Land Investment Co.Ltd(600077) , Cccg Real Estate Corporation Limited(000736) these old leaders. In contrast, Cccg Real Estate Corporation Limited(000736) above the lock-in selling pressure is relatively small, and the volume has increased continuously in the past three days, and the overall activity is still high. Whether the reverse package can be completed upward again and form a second wave trend is the focus of follow-up attention.
aftermarket analysis
As of the close, the Shanghai index rose 2.49%, the Shenzhen Composite Index rose 4.37% and the gem index rose 5.52%. Northbound funds bought a net 4.359 billion yuan throughout the day, including 129 million yuan sold by Shanghai Stock connect and 4.489 billion yuan bought by Shenzhen Stock connect.
Today, the market rebounded as scheduled, and the gem index recorded the largest one-day increase in recent three years. From the rebound track, while helping the index stop falling in the short term, it is also helpful to the recovery of market confidence. However, it should be noted that at present, the market is still in a relatively obvious short trend, and there is a large hold up selling pressure above, and then superimposed with the upcoming May Day holiday effect, it is difficult to have a continuous rebound like today in the last two trading days of this week. Moreover, the market needs a long bottom building process after experiencing a high-angle decline in the early stage. We should not be blindly optimistic due to the sharp rise in a single day. We should still put position control in the first place before the trend reversal or the completion of bottom building.
In terms of sentiment, it rose 3992, an increase of 3238 over the previous trading day. Excluding ST shares and unopened new shares, the daily limit was 42, an increase of 17 over the previous trading day; Fried sector 47, an increase of 3 over the previous trading day; Gem / Kechuang board stocks rose by 14, an increase of 11 over the previous trading day; One fell by the limit, five less than the previous trading day.
In terms of sentiment indicators, the market sentiment picked up significantly in the afternoon today, rising directly from near the freezing point to near the 0 axis. When the rebound can continue tomorrow, the market sentiment is expected to further improve.
market highlights
1. Nanjing non registered residence households can apply for house purchase after paying social security for 6 months accumulatively within one year
According to the financial news agency on April 27, according to the Nanjing real estate transaction management hotline, the conditions for non registered residence households in Nanjing to apply for house purchase have been adjusted. Nanjing real estate transaction management staff said that at present, families who are not registered residence residents of the city can have new acceptance conditions. Within one year, they have paid personal income tax or social security in Nanjing for a total of six months, excluding supplementary payment. According to the introduction of the above staff, at present, the cumulative payment of social security or individual income tax for 6 months in one year and 24 months in three years are qualified. Among them, the cumulative payment of social security or individual income tax for 24 months in three years can be made up for no more than 3 months due to work changes and other reasons.
2. China commodity futures closed with crude oil up more than 5%
According to the financial associated press on April 27, China’s commodity futures closed with ups and downs. Crude oil, fuel oil and Shanghai nickel rose by more than 5%, palm oil and pulp rose by more than 4%, iron ore and SS rose by more than 2%, pigs and urea rose by more than 1%, and peanuts and hot rolls rose slightly; Ferrosilicon fell by more than 2%, coking coal and red dates fell by more than 1%, and eggs and NR fell slightly.
