Financial Highlights
1. The Political Bureau held a meeting to analyze the current economic situation.
2. National Health Commission: dynamic zeroing is a magic weapon for China's epidemic prevention and control.
3. Politburo meeting: support all localities to improve real estate policies based on local conditions.
4. The total amount exceeded 28 billion, more than 300 science and Technology Innovation Board companies paid dividends, and nearly 30 companies transferred shares.
5. From next month, China's coal import is tentatively subject to zero tax rate, and the thermal power sector may receive attention.
A-share market overview
On Friday (April 29), the A-share market opened higher and fluctuated higher. In the morning, the stock indexes of the two cities fluctuated sideways. In the afternoon, affected by the information of the Politburo meeting, the Hang Seng Index and A-share market rose together. Mainstream industries such as Internet, new energy, semiconductor, automobile and securities rose in turn, which boosted the stock index to rise steadily, and the Shanghai index broke through the integer mark of 3000 points in one fell swoop. The GEM market fluctuated higher on Friday, and the performance of the component index throughout the day was significantly stronger than that of the main board market.
Future research and investment suggestions
On Friday, the A-share market opened higher and went higher, fluctuated and rose. Taking on the inertia of the previous day's rise, the stock indexes of the two cities continued to rise. The information release of the Politburo meeting in the afternoon boosted the Hang Seng Index and the A-share market, and the growth industries such as new energy, semiconductor, software services and automobile led the rise. With the steady amplification of trading volume, more industries in the two cities joined the rise, and the two cities continued to show a general rise pattern on Friday. The continuous introduction of favorable policies has boosted the positive entry of OTC funds into the market. After three consecutive days of rebound, the 3000 point Shanghai index recovered this week. The rebound of stock index in the future still needs the boost of policy, capital and leading hot spots.
Considering that the 3000 point integer mark belongs to a dense trading area, if the stock index continues to rise in the future, the trading volume of the two cities will need to continue to rise to the recent daily average of more than 800 billion yuan. If the trading volume shrinks to near the daily average trading volume again, the stock index is expected to be volatile in the short term. We suggest that investors focus on investment opportunities in new energy, engineering construction, semiconductor and Internet services in the short term, and continue to focus on investment opportunities in undervalued blue chips in the middle line.
Risk tip: policy risk, economic downturn.
