panel overview
On Thursday, A-Shares opened lower and went higher, led by the rise of the science and innovation board. On the disk, wind power, photovoltaic, real estate, education, engineering construction, engineering consulting, semiconductor, battery and other industries led the increase, while wine making, mining, insurance, commercial department stores, food and beverage, public utilities, securities, banking, software development, textile and clothing led the decline. In terms of subject stocks, hit batteries, photovoltaic building integration, lease and sale co ownership, wind energy, Cecep Solar Energy Co.Ltd(000591) 6g concept, energy storage, organic silicon, etc. led the increase, while stephanine, lottery concept, pork concept, community group purchase, diamond cultivation, tax rebate stores, Baijiu, vitamins, etc. led the decline.
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Bureau of Statistics: the sales price of commercial housing continued to decline year-on-year in April
In April 2022, among the 70 large and medium-sized cities, the sales price of commercial housing decreased, the number of cities increased, and the sales price of commercial housing in the first, second and third tier cities showed an overall downward trend month on month and continued to decline year on year.
SASAC: continue to strengthen the injection of high-quality assets into listed companies
On May 18, Weng Jieming, deputy director of SASAC, said that we should strengthen and refine the main business, realize clear ownership of the sector, focus on the main business and develop the real economy. We should continue to increase the injection of high-quality assets into listed companies. The group company shall systematically sort out the unlisted and listed resources, and gradually inject the existing unlisted high-quality assets into the listed company in a planned way in combination with the actual situation. If necessary, it can also be listed separately.
more than 50 billion yuan of funds poured into cross-border ETF institutions and laid out the Internet sector on the left
Since this year, the net value of cross-border ETFs tracking Hang Seng technology index and China Internet Index has generally retreated greatly. However, with the continuous influx of bottom reading funds, the share of such ETFs has increased instead of falling. According to statistics, the total amount of funds pouring into cross-border ETFs has reached 54 billion yuan since the beginning of the year.
Jufeng viewpoint
Pre market judgment: U.S. stocks fell by about 4% again overnight, led by technology stocks and retail stocks. Because the decline is deep, it will inevitably have a negative impact on a shares. At present, there is pressure on A-Shares and support at the bottom. It is expected to open at a low rate, laying a solid foundation for the future upward attack of 3100 points.
The three major A-share indexes collectively opened low, with the Shanghai index opening down 1.27%, the Shenzhen Composite Index opening down 1.54%, and the gem index opening down 1.50%. All industries opened low, with coal, mining, automobile, semiconductor, real estate and traditional Chinese medicine leading the decline; 4281 companies in the two cities fell at the opening, while only 167 companies rose in the red market.
After the opening, the photovoltaic sector, automobile, wind power, semiconductor, real estate and education have successively turned red, and the market has the meaning of one-step low opening; Subsequently, Contemporary Amperex Technology Co.Limited(300750) led the lithium battery sector to decline, the gains of photovoltaic and semiconductor narrowed, and the gem index fell; The real estate led the infrastructure sector to rise sharply, and the performance of the Shanghai index was stronger than that of the gem index. Near midday, wind power and photovoltaic rose sharply, the stock index rebounded rapidly, and the Kechuang 50 index hit a new rebound high.
In the afternoon, lithium battery and semiconductor sectors strengthened, track stocks led the rise in an all-round way, real estate and automobiles rose again, the three major indexes turned red across the board, and the science and Innovation Board rose more than 2%. From the whole day trend, track stocks and infrastructure stocks go hand in hand, but the market trading volume is relatively low. At present, there are 3100 points of pressure on the market and 3000 points of support under the market. Only in large quantities can we break through. Of course, after the Shanghai index forcibly breaks through 3100 points, there will also be a replenishment process, but from the recent market trend, the possibility of strong outburst is not great.
investment suggestions:
Jufeng investment adviser believes that the factors that suppress the sentiment of A-share investors are still geopolitics, the contraction of the US dollar, the Chinese epidemic and other factors. On April 29, the meeting of the Political Bureau issued the strongest voice of stabilizing expectations and stabilizing the market. The track sectors that took the lead in the mid-term adjustment of military industry, wind power, photovoltaic, lithium battery and chip in the year stopped falling and rebounded, activating the confidence of the market to do more; And is expected to lead the market to launch a wave of intermediate market before the advent of the interim report window period. External market disturbance provides low absorption opportunities for a shares. It is suggested that bargain hunting pay attention to three main lines: first, companies with year-on-year and month on month growth in the first quarter; Second, the varieties wrongly killed in the adjustment within the year; Third, the theme of low-cost state-owned assets reform.
