[daily market conditions]
Today, the Shanghai stock index fell 0.25% to close at 308598 points; Shenzhen composite index closed at 1120808 points, down 0.20%; The gem index closed at 236538 points, down 0.16%. In terms of sectors, textile and clothing, transportation equipment and education led the rise, while chemical fertilizer industry, airports and real estate services led the decline. In terms of capital flow, securities, photovoltaic equipment, commercial department stores and other industries were the main net inflow. Today, the total turnover of the two cities was 770238 billion yuan.
[investment suggestions]
On May 18, the data on the price changes of commercial housing in 70 cities in April released by the National Bureau of statistics showed that the sales price of commercial housing in the first, second and third tier cities in April showed an overall downward trend month on month and continued to decline year on year. Looking forward to the future, the central bank recently lowered the lower limit of the first mortgage interest rate by 20 basis points, which is conducive to reducing the purchase cost of rigid demand and improved demand. Some cities have cancelled house recognition and loan, and the house replacement demand is implemented according to the first loan, which is expected to improve market transactions and speed up the bottom repair of house prices.
On the same day, the "special promotion meeting on deepening the reform of state-controlled listed companies and striving to be a three-year action model for the reform of state-owned enterprises" was held. Weng Jieming, deputy director of SASAC, said that state-controlled listed companies should set an example in promoting the healthy and stable development of the capital market. Local SASAC should actively guide and support the share repurchase and cash dividend of state-controlled listed companies in accordance with the principle of facilitating enterprises; The group company timely increases its holdings of shares of listed companies with undervalued value. State controlled listed companies promote the healthy and stable development of the capital market. It is suggested to pay attention to investment opportunities in relevant sectors.
