panel overview
On Friday, A-Shares fluctuated upward, and the Shanghai index stood at 3100 points, showing a general upward pattern. On the disk, coal, non-ferrous metals, wine making, logistics, tourism and hotels, beauty care, food and beverage, precious metals, airports, photovoltaic, petroleum, steel, medical devices, automobile, insurance and other industries led the increase; Individual industries such as real estate and education made a slight correction. In terms of theme stocks, outdoor camping, blade batteries, condiments, unified big market, scarce resources, e-cigarettes, Baijiu, online tourism, beer concept, express concept, super brand, Sino Russian trade concept, St sector, etc. led the increase, while leasing and selling the same rights, assembly buildings, new urbanization, stephanine and other small corrections.
message surface
central bank: the five-year LPR was lowered from 4.60% to 4.45%
On May 20, the Central Bank of China kept the quoted interest rate (LPR) of one-year loan market unchanged at 3.70%; The five-year loan market quoted rate (LPR) was lowered from 4.60% to 4.45%.
since 4, there have been nearly 2000 surveys on insurance capital, and electronics, medicine and biology have become the most concerned sector
Since April, insurance funds have conducted a total of 1982 surveys on A-share listed companies, nearly doubling compared with the same period last year, accounting for 57% of the total number of surveys this year. The two sectors of electronics, medicine and biology are most concerned by insurance funds. Among the top 20 companies most surveyed by insurance funds, the electronics sector has 6 seats. Luxshare Precision Industry Co.Ltd(002475) , shengmei Shanghai, Unigroup Guoxin Microelectronics Co.Ltd(002049) , Shenzhen Transsion Holdings Co.Ltd(688036) 4 companies have been surveyed by insurance funds more than 20 times this year. The pharmaceutical and biological companies most concerned by insurance funds are Shenzhen Mindray Bio-Medical Electronics Co.Ltd(300760) and Shanghai Junshi Biosciences Co.Ltd(688180) .
China Economic Daily: vote to the Chinese market
The layout trend of the giants of international asset management institutions has always been regarded as a barometer for predicting the economic outlook. Recently, the Shanghai local financial regulatory bureau announced that recently, a number of international asset management institutions have actively applied for the pilot of Shanghai qualified overseas limited partner (qflp) and qualified domestic limited partner (qdlp), and are firmly optimistic about the future development of Shanghai international financial center. The medium and long-term plan of International asset management institutions to deeply cultivate the Chinese market has not changed.
Jufeng viewpoint
Pre market judgment: U.S. stocks continued to fall overnight, and popular Chinese stocks rose sharply against the market, which is not expected to drag down the performance of a shares. The voice of the medium-term market of A-Shares is getting higher and higher. If the volume of the Shanghai index exceeds 3100 points, it is very likely to become a reality.
The three major A-share indexes collectively opened higher, with the Shanghai index up 0.33%, the Shenzhen composite index up 0.55%, the gem index up 0.77%, and covid-19 vaccine, non-ferrous metals, wind power, automobile and photovoltaic led the opening.
After the opening, track stocks such as photovoltaic, wind power, semiconductor and lithium battery surged and fell, and the Kechuang 50 index rebounded 23% from the bottom, approaching the pressure of the 60 day moving average. Non ferrous metals, wine making, automobile, coal, steel, securities and other blue chips rose in turn, and the market continued to fluctuate upward.
In the afternoon, securities, banks, household appliances, nonferrous metals, lithium batteries, photovoltaic and other sectors continued to rise, and the market rose more. The gem index once rose by more than 2%, the Kechuang 50 Index stopped falling and rebounded, and attacked the 60 day moving average again. In addition, due to the sharp rebound of the RMB exchange rate for two consecutive days, a large net inflow of funds from the North exceeded 13.5 billion.
Overall, at present, the market has got rid of panic and long confidence is high. In the future, A-Shares are expected to fluctuate upward. Taking the Kechuang 50 index yesterday as a reference, we tentatively set the rebound target of this round near the 60 day moving average of the stock index, corresponding to 3200 points of the Shanghai index and 2550 points of the gem index.
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.
