A shares rose slightly on the first trading day after the May Day holiday, and major stock indexes rose more or fell less. As of the close, the Shanghai Composite Index rose 0.68% to 306776 points. The Shenzhen composite index also happened to rise 0.68%, the gem composite index fell 0.20% against the market trend, and the Kechuang 50 index rose 0.95%. The weakness of gem is related to the 8.15% drop of Contemporary Amperex Technology Co.Limited(300750) super heavyweight on GEM and the Yihai Kerry Arawana Holdings Co.Ltd(300999) drop of gem. On the contrary, the top 20 heavyweight stocks hardly fell sharply, so the mass entrepreneurship and innovation stock index was differentiated.
Contemporary Amperex Technology Co.Limited(300750) has a weak performance recently, which is related to the lower than expected performance in the first quarter Contemporary Amperex Technology Co.Limited(300750) was once almost the most resistant among the track stocks. The recent decline can be regarded as a make-up decline, which may not suppress the whole market.
From Thursday’s disk, covid-19 detection, Internet e-commerce and other sectors were among the top gainers. The rise of the e-commerce sector benefited from the good news. Recently, the Political Bureau of the CPC Central Committee held a meeting to consider the national talent development plan during the 14th Five Year Plan period. The meeting stressed the need to promote the healthy development of the platform economy, complete the special rectification of the platform economy, implement normalized supervision, and introduce specific measures to support the standardized and healthy development of the platform economy. China’s epidemic will enter a new stage of “normalized detection”, which is the basic logic of the rise of covid-19 detection sector on Thursday. Obviously, this logic is no problem, and the rise of stock price is reasonable.
The decline was limited, and the decline in tourism and securities was relatively obvious. Incidentally, Hangzhou Hikvision Digital Technology Co.Ltd(002415) unexpectedly fell to the limit, but this was related to bad news from the outside, so the decline of the stock did not reflect the overall market sentiment.
This reflects the relatively good performance of Listed Companies in Shanghai in the future Shanghai International Airport Co.Ltd(600009) rose 3.85% on Thursday, Shanghai Waigaoqiao Free Trade Zone Group Co.Ltd(600648) rose 9.06%, and Shanghai International Port (Group) Co.Ltd(600018) rose 7.93%.
The market atmosphere is relatively good, which is related to more information about the support of various departments. On May 4, the NPC, CPPCC and the people’s Bank of China learned from the spirit of the meeting of the Political Bureau of the CPC Central Committee and released an obvious warm signal. The central bank said that it should make good use of all kinds of monetary policy tools, maintain reasonable and sufficient liquidity, guide financial institutions to better meet the financing needs of the real economy, and increase financial support for scientific and technological innovation, specialized and new enterprises.
In terms of foreign investment trends, northbound funds sold a net 2.362 billion yuan throughout the day. U.S. stocks rose sharply overnight. The Federal Reserve announced a 50 basis point increase in interest rates, but Federal Reserve Chairman Powell was simply unwilling to talk about the possibility of “one-time interest rate increase of 75 basis points in the future” at the press conference, which should be the main reason for the sharp rise of U.S. stocks.
In the future, the opportunity for the Federal Reserve to raise interest rates more than expected is slowly declining, and the negative GDP growth in the first quarter previously announced by the United States makes the market worried about the possibility of the United States entering recession in the second half of this year. If things really develop to this stage, the relative disadvantage of RMB bonds in terms of yield will not be excessively expanded, and the exchange rate is easier to stabilize, which is far-reaching good for the market.
Although the market is rising, investors can only intervene on bargain hunting at present. It is best not to be overly optimistic because of the rise. There are two main reasons for bargain hunting: one is that the tendency of policy support is quite obvious, and the other is that most stocks have fallen sharply in batches. Now even the most powerful stocks have also made up for the fall, so the amount of chips available for short has been greatly reduced.
