On April 27, the three major A-share indexes fluctuated sideways in the morning and rose rapidly in the afternoon. The gem index rose 118.66 points, or more than 5%; The Shanghai Composite Index rose more than 2% and returned to above 2900 points.
As of the close, the Shanghai Composite Index closed at 295828 points, up 2.49%; Shenzhen composite index reported 106529 points, up 4.37%; Gem index reported 226917 points, up 5.52%.
Individual stocks showed a general upward trend. Nearly 4000 stocks in the two cities rose, 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 yuan, significantly higher than that of the previous trading day. The net inflow of northbound funds throughout the day was 4.359 billion yuan.
track stocks counter attack across the board
In the rebound this afternoon, track stocks with deep growth styles such as lithium batteries, photovoltaic, chips and military industry in the early stage became the backbone leading the rise, leading the gem index to rise by more than 5%, the largest intraday increase since February 2019.
The overall growth of power equipment sector exceeded 8%, ranking first among 31 Shenwan industries. Leading stock Contemporary Amperex Technology Co.Limited(300750) rose nearly 8%, and the share price returned to above 400 yuan Chengxin Lithium Group Co.Ltd(002240) , Youngy Co.Ltd(002192) , Ganfeng Lithium Co.Ltd(002460) and other stocks rose by the limit. Choice data showed that more than 40 stocks in the power equipment sector rose by the limit or more than 10%.
In the semiconductor sector, Shanghai Fullhan Microelectronics Co.Ltd(300613) harvest 20% limit, Starpower Semiconductor Ltd(603290) , Will Semiconductor Co.Ltd.Shanghai(603501) , Goertek Inc(002241) limit one after another.
Kweichow Moutai Co.Ltd(600519) leading Baijiu shares
Baijiu leader Kweichow Moutai Co.Ltd(600519) Kweichow Moutai Co.Ltd(600519) released its first quarterly report yesterday. In the first quarter of this year, it achieved a total revenue of 33.187 billion yuan, an increase of 18.25% year-on-year; The net profit attributable to the parent company was 17.245 billion yuan, with a year-on-year increase of 23.58%, and the net profit and growth rate reached a phased new high.
In view of the brilliant performance of the first quarter report, Kweichow Moutai Co.Ltd(600519) share price opened higher all day, closing up 3.6%, and the share price once returned to above 1800 yuan. .
Since Tuesday, the large consumption sector has become an important local hot spot on the disk Leading food and beverage stocks such as Kweichow Moutai Co.Ltd(600519) , Jiangsu Hengshun Vinegar-Industry Co.Ltd(600305) , Foshan Haitian Flavouring And Food Company Ltd(603288) have been continuously adjusted since 2021. After bottoming in the early stage, they have won market attention again in the near future with their performance stability, which means that market funds begin to respond to the basic area pole signal.
In addition, cyclical sectors also rebounded collectively, with individual stocks in coal, rare earth, chemical industry, building materials and other industries rising sharply.
the most pessimistic moment is over
Since the adjustment in the first two trading days of this week, the seller's analysts have made an intensive voice, saying that the market has entered a "bottom grinding period". Today's sharp rebound in the market reflects a significant easing of capital sentiment, and the venting of pessimistic expectations may be over.
China Securities Co.Ltd(601066) Securities chief strategist Chen Guo said that the market showed signs of stabilization after falling below 2900 yesterday, which reflected the pessimistic sentiment of the market, but in fact, the logic of "steady growth" was not destroyed. The most pessimistic time of epidemic expectation, the worst time of economic and policy expectation and the most pessimistic stage of global inflation expectation are gradually passing.
Wu Kaida, managing director of deppon securities and deputy director of the Research Institute, said that the panic decline in the short-term market may come to an end, whether from the rapid depreciation of the exchange rate, the rise of asset linkage, or the extreme value of sentiment indicators.
Wu Kaida stressed that the crux of the market trend shift lies in the changes in the internal and external environment. The closing period of the first quarterly report, the meeting of the Political Bureau, the interest rate meeting of the Federal Reserve in May, the epidemic situation in Shanghai and even the whole country, and the resumption of work and production are several important observation points at present. Overall, the policy bottom has been continuously consolidated, and the economic bottom is expected to be proved in the second quarter.
Everbright Securities Company Limited(601788) chief macroeconomic economist Gao Ruidong said that "China's economy stabilizes", "the US Federal Reserve accelerates the raising of interest rates" and "the international situation is clear". These three factors are the key to observe the market and establish confidence. The current time point should not be overly pessimistic, and subsequent optimistic factors will continue to emerge. The trend of the equity market during the year is expected to show a rhythm of low before high.
He stressed that in the short term, the more China's economy is under pressure, the more confidence it should have in the subsequent macro countercyclical hedging policies. The 11th meeting of the central financial and Economic Commission on April 26 has sounded the assembly call for steady growth of infrastructure investment. Recently, the national Standing Committee has also made a series of arrangements on promoting consumption, ensuring and increasing energy supply, making good use of government bonds and expanding effective investment.
