The market opened higher all day, and the three indexes rose by more than 1.5%. On the disk, cyclical stocks strengthened, coal, nonferrous metals and other sectors rose sharply, and nonferrous metals stocks lifted the limit tide. Consumer stocks were active, while camping economy, new tobacco, beverage manufacturing, Internet e-commerce and other sectors were active in turn. In terms of decline, real estate and infrastructure stocks were depressed all day. Overall, individual stocks rose more and fell less. More than 3400 stocks rose in the two cities, and more than 90 stocks rose by the limit or more than 10%. The turnover of Shanghai and Shenzhen stock markets today was 920.7 billion, 114 billion more than that of the previous trading day. In terms of sectors, coal, industrial metals, camping economy, new tobacco and other sectors led the increase, while real estate, prefabricated construction, agricultural services, education and other sectors led the decline.
sector
Today, the big consumer sector ushered in a collective rebound. Among them, the wine making board is the most eye-catching, among which Zhejiang Guyuelongshan Shaoxing Wine Co.Ltd(600059) , Shanghai Jinfeng Wine Company Limited(600616) limit, Luzhou Laojiao Co.Ltd(000568) , Wuliangye Yibin Co.Ltd(000858) rise by more than 5%. On the news side, in the coming June, the new national standard of Baijiu industry will be implemented. In the new standard, flavored Baijiu is excluded from the classification of Baijiu, and it is clear that it belongs to prepared liquor. The low-end Baijiu market, which is good for grain and liquor making enterprises and is dominated by alcohol, will be reshuffled.
Back to the big consumption board, as a whole, due to the early-stage in-depth adjustment, the valuation of leading companies in some subdivided fields has been close to the low point in the past decade, and the investment value appears. On the other hand, with the gradual resumption of work and production in key areas and the introduction of consumption promotion policies in various places, the consumption scene is expected to continue to recover, and the whole sector is expected to usher in a short-term repair market. In the research report, Bohai Securities proposed to continue to pay attention to high-end Baijiu with greater certainty. In terms of popular products, it is suggested to select the dairy industry with downward cost determination during the year and the beer sector with relatively better competition pattern and smoother pressure transmission.
The nonferrous metals sector also led the rise today, among which Jiao Zuo Wan Fang Aluminum Manufacturing Co.Ltd(000612) , Fujian Minfa Aluminium Co.Ltd(002578) , Henan Shenhuo Coal&Power Co.Ltd(000933) equivalent to the daily limit of more than 10 stocks. With the introduction of real estate and infrastructure stimulus policies, the market's expectation of steady growth is further strengthened, and the corresponding overall demand for nonferrous metals is bound to further increase. This is the logic of the recent rise of nonferrous metals. However, it should be noted that with the rapid depreciation of the RMB, the transmission of the negative impact of non-ferrous metals becomes smooth due to the continuous strengthening of the US dollar index driven by the tightening of the monetary policy of the Federal Reserve. Therefore, the market sentiment is not stable, and the trend of various non-ferrous varieties is relatively repeated. Therefore, before the market operation logic is not clear, the short-term trading is still dominated by risk control, so we can't rush to catch up.
The good news of real estate came out again today. The latest loan market quotation rate (LPR) was released, and the one-year LPR remained unchanged at 3.70%; The five-year LPR was reduced to 4.45%, compared with 4.6%. In addition, the interest rate of the first house loan has been reduced to 4.4% before, and the five-year LPR has been reduced by 15 basis points this time. The interest rate of the first house loan has been as low as 4.25%, the lowest interest rate level in recent ten years.
Zhongtai Securities Co.Ltd(600918) chief analyst Yang Chang believes that the recent continuous adjustment of five-year LPR reflects the policy intention of boosting stimulus. However, as the current real estate market is still in the cooling stage, for example, the price of new commercial houses in 70 large and medium-sized cities decreased by 0.3% month on month for three consecutive months, and the price of second-hand houses decreased by 0.3% month on month for eight consecutive months. Out of the mentality of buying up or not buying down, the purchase expectation has not been reversed, and the end of the market is still waiting. From the last round of house price fluctuations, the signal of the bottom of the real estate market is often accompanied by the loosening of a series of policies at the real estate sales end of the first and second tier and core cities. Therefore, the future observation will also focus on the first and second tier and core cities.
Back on the disk, the real estate sector fell instead of rising. As has been repeatedly stressed recently, after the real estate sector experienced a wave of main rising waves in March and April, it still needs some time to eliminate the precipitation chips and digest the hold up selling pressure above. On the other hand, due to the continuous good news in the real estate industry recently, the impact of good news on short-term sentiment shows a marginal decreasing trend. However, in the medium and long term, under the framework of stable economic growth, the policy guidance to the real estate industry is still positive. According to the 2022 top 10 Research Report of China real estate listed company released by the China Index Research Institute, there is still room to improve the valuation of excellent real estate enterprises, and it still has high investment value for those real estate enterprises with financing advantages and strong operation ability.
individual shares
The track side still continues to have a high profit-making effect. First, from the perspective of weights, Contemporary Amperex Technology Co.Limited(300750) , Byd Company Limited(002594) , Longji green energy, Tongwei Co.Ltd(600438) these weights have gradually completed the bottom shape and show a trend upward trend. Although the shock upward model may be more grinding for those who prefer short-term themes, the continuity of the rebound has more advantages. Of course, you can also take advantage of intraday shocks to gradually improve your profit cushion through rolling spread trading.
At the short-term level, soling shares was successfully promoted to 8 connected boards, followed by Zhongtong Bus Co.Ltd(000957) 6 connected boards, while the two short-term leaders of photovoltaic Jiangsu Zhongli Group Co.Ltd(002309) and Qingyuan technology were also promoted successfully, which is enough to prove that the short-term profit effect is also concentrated in track stocks. In the context of the resonance between the short-term and the trend, the rebound of track equity is expected to continue further.
It should only be noted that today, such as Shanghai Xujiahui Commercial Co.Ltd(002561) , Shandong Xinhua Pharmaceutical Company Limited(000756) , Shenzhen Cheng Chung Design Co.Ltd(002811) , and Fuxing stocks, which have recently returned at a high level, all show obvious negative capital feedback today. After the overall large-scale ebb tide of the sector, it will become more and more difficult to counter the trend to fight against the reverse package of high-end stocks in the current market style. Therefore, the current operation focus should still focus on the fundamentals oriented trend stocks.
aftermarket analysis
As of the close, the Shanghai index rose 1.36%, the Shenzhen Composite Index rose 1.37% and the gem index rose 1.5%. The net purchase of northbound funds throughout the day was 14.236 billion yuan, including 10.374 billion yuan for Shanghai Stock connect and 3.862 billion yuan for Shenzhen Stock connect.
Today, the market successfully stood at the 3100 point integer level in the form of rising price and volume, and finally effectively broke through the back pressure of the 30 day moving average. The short trend of medium-term downward trend has been reversed. At present, the market presents a benign rotation trend with the track as the main line and the popular directions of consumption, finance, real estate and infrastructure as the branch line. The market volume can be moderately enlarged. On the whole, the trend of the index is still relatively healthy. In the follow-up, pay attention to the 5-day moving average first. Before the 5-day moving average is effectively broken, the index is still expected to challenge the pressure range of 3300 ± 20 in a shock upward way. In addition, track stocks have high linkage with the rebound of this wave of index, so the continuity of track stocks is particularly critical. Once the follow-up track first collective ebb, it will be a more obvious warning for the rebound of the index.
In terms of sentiment, it rose 3558, an increase of 797 over the previous trading day. Excluding ST shares and unopened new shares, the daily limit was 78, an increase of 4 over the previous trading day; 30 fried boards, an increase of 5 over the previous trading day; Gem / Kechuang board stocks rose by 2, down 2 from the previous trading day; The limit was 0, the same as the previous trading day.
In terms of sentiment indicators, today's sentiment is maintained near the 0 axis. With the continuous benign rotation of the disk, the market sentiment is expected to gradually heat up.
market highlights
1. China Banking and Insurance Regulatory Commission: it will work with relevant departments to implement supporting policies to encourage mergers and acquisitions of small and medium-sized banks
Cailian news on May 20, the person in charge of relevant departments of the CBRC said at the briefing of the CBRC on May 20 that in the next step, the CBRC will continue to further promote the reform and insurance of rural small and medium-sized banks and continuously enhance its ability to serve the real economy in accordance with the basic principles of stabilizing the overall situation, overall coordination, classified measures and accurate bomb removal. "Encourage high-quality banks, insurance companies and other qualified institutions to participate in the merger and reorganization of rural small and medium-sized banks, implement the support policies to encourage the merger and reorganization of rural small and medium-sized banks in conjunction with relevant departments, and promote the merger and reorganization and regional integration of rural small and medium-sized banks in accordance with the principle of marketization and legalization." The person in charge of relevant departments of the CBRC said.
2, Byd Company Limited(002594) released CTB technology, and the volume utilization rate of battery system increased to 66%
According to Lian Yubo, President of Byd Company Limited(002594) Automotive Engineering Research Institute, at the Byd Company Limited(002594) CTB technology and seal pre-sale conference held today, Byd Company Limited(002594) CTB technology, compared with traditional CTP technology, has changed from the "sandwich" structure of the battery to the "three governance" structure of the whole vehicle, integrating the underbody and the upper cover sector of the battery, and the "blade battery" adopts a honeycomb like sandwich structure Byd Company Limited(002594) ctb battery system, the volume utilization rate was increased to 66%, and participated in the safety of the whole vehicle as a body structure, doubling the torsional stiffness of the whole vehicle Byd Company Limited(002594) the latest seal model uses CTB technology and high-voltage charging system, and is equipped with a new generation of blade fast charging battery. It can be charged for 15 minutes and can travel 300 km.
