Resilience rebound! U.S. stocks fell sharply overnight. On Thursday (May 19), the three major A-share indexes opened low, and then the stock indexes rose in shock. Finally, the three major stock indexes became red and walked out of the independent market. At the same time, northward funds turned around and returned, with a net purchase of more than 5 billion yuan. Can the rebound of A-Shares continue? How does the future run?
On May 19, the three major stock indexes opened low and went high, and collectively rose. As of the close, the Shanghai Composite Index rose 0.36% to 309696 points, the Shenzhen Composite Index rose 0.37% to 1125006 points, and the gem index rose 0.5% to 237713 points; The total turnover of the two cities was 806.71 billion yuan, and the net purchase of funds from the North was 5.125 billion yuan. Overall, stocks in the two cities rose more and fell less.
From the perspective of shenwanyi industry, 17 industries rose on May 19, among which the power equipment industry led the rise, reaching 2.92%, followed by real estate and building decoration, with an increase of more than 2%. In addition, trade and retail, food and beverage, agriculture, forestry, animal husbandry and fishery led the decline.
For today’s market performance, Hu Po, the Rongzhi investment fund manager of paipai.com, believes that under the condition of the sharp decline of U.S. stocks, A-Shares have walked out of an independent market today. At present, China’s policy level has been warmed continuously, the policy bottom has been consolidated, and the epidemic has begun to improve. Under the marginal improvement, the resumption of work and production is imminent. A series of positive factors have helped A-Shares to get out of a wave of recovery market. We believe that a certain rebound has been accumulated from the bottom to now, and the market lacks the profit of listed companies and emotional promotion. Therefore, the current market is more a repair market of oversold rebound, and then the market will probably show a trend of shock bottoming.
In terms of daily limit board, on May 19, there were 100 stocks with daily limit, including 14 stocks with daily limit, and the share price has risen for more than five consecutive trading days. In terms of industry, the real estate industry has the largest number of trading stocks, up to 13, followed by industries such as power equipment and mechanical equipment, with 11 and 10 trading stocks respectively.
Table: stocks rising for 5 consecutive days and trading limit today:
Zhongtong Bus Co.Ltd(000957) 5 connecting board soared by more than 60% center
On May 19, Zhongtong Bus Co.Ltd(000957) rose the limit again. As of the closing, it was reported at 7.00 yuan, rising the limit for five consecutive days, with a cumulative increase of 61.29% during the period.
According to public reports, during the May Day holiday, Zhongtong Bus Co.Ltd(000957) delivered 18 nucleic acid detection vehicles at one time. This is the first mass delivery of Zhongtong Bus Co.Ltd(000957) 13m nucleic acid detection vehicle to the market. Its daily detection capacity can reach 10000 tubes. According to the 10:1 mixed detection standard, the daily detection can reach 100000 person times. It is reported that Zhongtong nucleic acid detection vehicle has been put into operation in Shanghai, Hebei, Jilin, Guangxi, Gansu, Shandong and other places.
On May 9, Zhongtong Bus Co.Ltd(000957) also said on the interactive platform that at present, the company has two nucleic acid detection vehicles of 12m and 13m, which all meet the standard of P2 + biosafety laboratory, equipped with special medical air conditioning system, high-efficiency fresh air filtration system, medical water supply and drainage system, automatic PCR analysis system, 5g signal transmission, etc., and have the functions of sampling, inspection and reporting at any time.
For the investment opportunities in the automobile sector, Dongguan Securities believes that with the gradual easing of the epidemic, Shanghai’s automobile industry has fully resumed work, driving the automobile industry chain to accelerate the resumption of work and production. It is expected to resume normal production in late May. Since May, many places have successively introduced policies and measures to promote automobile consumption, such as car purchase subsidies. As one of the key supporting industries for the country to achieve the expected goal of stable growth, the automobile industry will be supplemented by production and sales after the epidemic is alleviated, ushering in restorative growth. In the early stage, the sector experienced a sharp correction after the impact of the epidemic, the market fully released pessimistic expectations, superimposed marginal improvement expectations, the valuation is expected to usher in repair and the configuration value is expected to reappear.
real estate sector led the rise of 8 shares by the daily limit
On May 19, the real estate sector led the increase, reaching 2.37%. Among them, Langold Real Estate Co.Ltd(002305) , Hubei Fuxing Science And Technology Co.Ltd(000926) , Shenzhen Centralcon Investment Holding Co.Ltd(000042) , Tianjin Songjiang, 5I5J Holding Group Co.Ltd(000560) , Soyea Technology Co.Ltd(000909) , Metro Land Corporation Ltd(600683) , China Wuyi Co.Ltd(000797) .
For the investment opportunities in the real estate sector, Huatai Securities Co.Ltd(601688) analysis shows that the recent favorable real estate policies are frequent, but the current real estate sales are still unstable and the liquidity difficulties of real estate enterprises have not been solved. We can look forward to the introduction and implementation of more real estate support policies, pay attention to the possibility of LPR reduction in May, continue to increase the relaxation of the demand side of urban policies, and tap the demand for rigid house purchase of new citizens and the demand for improved housing for filial piety and elderly care. With positive expectations, the market’s confidence in real estate is expected to accelerate the recovery and promote the improvement of sales collection and financing of real estate enterprises. The inflection point of real estate sales is expected to arrive in advance and pay attention to investment opportunities on the right. Strategically, high-quality central state-owned enterprises have allocation value. For the leaders of real estate private enterprises, on the premise of stable debt end, grasp the enterprise fundamentals and debt repayment willingness, and tap high-yield investment opportunities.
shock bottoming market is expected to continue
After the staged rebound, what will the A-share market do next? For the future trend of a shares, analysts generally believe that the structural market of shock bottoming is expected to continue.
Guosheng Securities pointed out that with the continuous introduction of China’s policy of stabilizing growth and economy, the superposition effect of the policy will gradually appear. At present, the market is still in the state of game of stock funds, the structural market of shock bottoming is expected to continue, the upward attack of the short-term index is weak, and the consolidation action of pulling back to around 3000 will not be eliminated in the future. In terms of operation, if the volume of the stock index can continue to shrink to around 300 billion or there is a form of Zhongyin and needle K-line (single needle or multi needle bottom), we can consider increasing the position. Pay attention to the policy coverage of state-owned enterprise reform, specialization, special innovation and cold chain logistics.
Wang Jiang, general manager of Yuanrong investment stock department, believes that the Dow Jones index and Nasdaq index of the US stock market plunged overnight. Today, A-Shares digested in the session and continued to follow their own rhythm is the correct feedback. Next, the core contradiction of A-Shares still lies in corporate profits. Due to the different profit expectations and release rhythms of industries and companies, there is a high probability of structural differentiation.
Li Zhenhui, research director of Quanjing fund, said that today’s A-Shares opened low in the morning due to the sharp fall of US stocks overnight, and then fluctuated all the way up. All three major market indexes turned red and the rebound pattern remained good. The impact of peripheral stock markets on the A-share market is gradually weakening, and A-shares are in a benign rebound rhythm. With the significant improvement of policy drive and investors’ risk appetite, combined with the elimination of economic disturbance caused by China’s epidemic, the business fundamentals of enterprises will recover rapidly. Based on the three-point resonance of policy underpinning, performance improvement and emotional repair, it is reasonable to be optimistic about the trend rising market in May and June.
Yu Dingheng, general manager of Yihu investment, believes that different stages lead to the differentiation of the trend of A-Shares and U.S. stocks. The essence of US stocks is inflation, and the essence of A-Shares is stagnation. At this stage, this feature is more obvious. Inflation kills valuation, which is reflected in the general decline in the market structure and the overall reduction of positions in chip institutions; Stagnation kills performance. Structurally, there are ups and downs. Strategically, structural allocation can be carried out appropriately.
