Yesterday, the three major A-share indexes fluctuated higher, led by semiconductors, new energy vehicles, lithium batteries and other sectors, driving the strength of track stocks. At the same time, the decline of infrastructure, real estate, covid-19 drugs and other sectors was significantly narrowed. Northbound funds “returned” under the background of a stronger RMB exchange rate, with a net purchase of 5.96 billion yuan throughout the day.
In yesterday’s long and short tug of war, the power of doing more on the boom track is strong. In the end, the three indexes closed in red. As of the close, the Shanghai Composite Index closed at 309370 points, up 0.65%; The Shenzhen Component Index rose 1.23% and the gem index rose 1.62%.
Northbound funds bought a net 5.96 billion yuan yesterday, including 3.283 billion yuan for Shanghai Stock connect and 2.677 billion yuan for Shenzhen Stock connect Contemporary Amperex Technology Co.Limited(300750) , China Merchants Bank Co.Ltd(600036) respectively received net purchases of 746 million yuan and 595 million yuan.
Following the collective rise of auto stocks on Friday, the auto sector showed strength again yesterday, and the “buy a car” market continued to perform, Zhongtong Bus Co.Ltd(000957) , Cimc Vehicles (Group) Co.Ltd(301039) , Great Wall Motor Company Limited(601633) , etc. On the news side, the process of returning to work and production in the automobile industry has been steadily promoted. According to the analysis of some research institutions, multiple departments are brewing to promote automobile consumption, and more places may introduce measures to promote consumption such as car purchase subsidies and relaxing purchase restrictions. A new round of “automobile to the countryside” policy is also expected to be introduced in the near future.
Similarly, the semiconductor sector driven by the “resumption logic” also rose sharply yesterday. Among them, in addition to the IGBT branch with the highest prosperity, automobile chip stocks also performed well. The 100 billion LEADER Will Semiconductor Co.Ltd.Shanghai(603501) rose by the limit, and the growth of nano core micro and Wingtech Technology Co.Ltd(600745) increased by more than 6%.
The strength of automobile and semiconductor sectors directly leads the rise of boom track. In this context, the new energy sector is also unwilling to lag behind. Lithium battery and photovoltaic have been started successively, and several stocks such as Jiangsu Zhongli Group Co.Ltd(002309) , Zangger mining, Shandong Fengyuan Chemical Co.Ltd(002805) etc. rose by the limit. Since the end of the trading season, the focus of the market has been moving out of the main track for many times, and it is worth paying attention to.
The oil and gas sector also rose in the intraday trading yesterday. The trading limit of Landocean Energy Services Co.Ltd(300157) once hit 20% in the intraday trading. Renzhi shares and Xinjiang Beiken Energy Engineering Co.Ltd(002828) Xinjiang Beiken Energy Engineering Co.Ltd(002828) all rose sharply in the morning trading, and “three barrels of oil” collectively became red. Recently, international crude oil prices have remained high. Buffett’s Berkshire Hathaway company released a 13F position report on Monday, which showed that Berkshire had a significant increase in its holdings of Western oil in the first quarter.
Hong Kong stocks also rose gratifying yesterday, and technology stocks ushered in a collective outbreak. The Hang Seng Index rose more than 3% and returned to above 20000 points, while the Hang Seng technology index rose 5.78%. In terms of individual stocks, meituan, BiliBili, Alibaba and Netease rose by more than 6%, and Baidu and Tencent also rose sharply Founder Securities Co.Ltd(601901) said that Hong Kong stocks are expected to continue to rebound in the second quarter, mainly due to the continuous force of the “steady growth” policy and the gradual reduction of the impact of the epidemic on the economy.
China International Capital Corporation Limited(601995) believes that at present, the policy, valuation, capital, behavior and other indicators of the A-share market are partial to the “bottom”. The market already has the value of the middle line. In the future, we will focus on the fundamental repair under the background of the gradual implementation of the “stable growth” policy. Structurally, the undervalued “steady growth” field still has a certain allocation value; Recently, the growth style has performed well, which may be the phased repair of valuation caused by factors such as the positive progress of epidemic prevention and control.
