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2024.06.03Stock market close: 5G and semiconductors led the gains, while A-shares were weak and volatile

author:Stock market of the day

U.s.

U.S. stocks were polarized on Friday, with the Dow up 1.51%, the Nasdaq down 0.01%, and the S&P 500 up 0.80%.

In May, U.S. stocks still rose across the board, with the Dow up 2.3%, the S&P 500 up 4.8%, and the Nasdaq up 6.88%, which is really enviable.

The core PCE price index in the United States rose 0.2% month-on-month in April, with an expectation of 0.3% and a previous value of 0.3%; The core PCE price index rose 2.8% year-on-year in April, with an expectation of 2.8% and a previous value of 2.8%.

Interest rate swap markets are priced in steady following the release of the U.S. PCE data, with at least one rate cut expected by the Fed in 2024.

2024.06.03Stock market close: 5G and semiconductors led the gains, while A-shares were weak and volatile

A shares

Today's big A is still a weak shock pattern, although the ChiNext index has risen well, but in fact, it is only a few weights that have performed well.

5G and semiconductors led the gains, while traditional cyclical sectors generally fell. The Shanghai and Shenzhen indices are mixed, but the overall internal pattern is that individual stocks are generally falling, and the decline has been magnified.

As of the close, the Shanghai Composite Index closed at 3078.49 points, down 0.27%; The Shenzhen Component Index closed at 9370.50 points, up 0.07%; The GEM index closed at 1819.46 points, up 0.79%.

Only more than 900 stocks rose in the two cities, and more than eighty percent of stocks fell.

The total turnover of the two cities was 830.7 billion yuan, a significant increase of 115.7 billion yuan from the previous trading day.

2024.06.03Stock market close: 5G and semiconductors led the gains, while A-shares were weak and volatile

Hong Kong stocks

Hong Kong stocks finally ushered in an over-falling rebound today, although the gains narrowed in the afternoon, but finally stabilized.

At the close, the Hang Seng Index rose 1.79% and the Hang Seng Tech Index rose 2.53%. The technology and auto sectors were among the top gainers.

Southbound funds continued to buy, buy, buy, buy, and buy, with a cumulative net inflow of 3.400 billion yuan throughout the day.

2024.06.03Stock market close: 5G and semiconductors led the gains, while A-shares were weak and volatile

Sector performance

Today, the 5G and semiconductor sectors made efforts, leading the Shenzhen and Chuangxin indices to fluctuate and close up; The main board's electricity, home appliances, coal and other sectors also performed well.

2024.06.03Stock market close: 5G and semiconductors led the gains, while A-shares were weak and volatile

Traditional cyclical stocks such as nonferrous metals, steel, chemicals, and real estate performed poorly and fell first; Many sectors such as cultural tourism, environmental protection, minerals, and the Internet have all undergone major adjustments.

2024.06.03Stock market close: 5G and semiconductors led the gains, while A-shares were weak and volatile

Reviews

On the first trading day of June, the overall performance of the big A was still poor, with individual stocks falling and the general decline expanding, and the sell-off also increased, indicating that some wait-and-see chips have loosened.

Fortunately, Hong Kong stocks rebounded today, making A-shares temporarily stable, but the market outlook is still uncertain.

Now the Shanghai Index is in a short and medium-term key position at the technical level, near the 60-day moving average and the MACD central axis.

But at present, from our internal point of view, there is really little hope, so we can only see if there are any good changes in the exchange rate recently, and see if the northbound funds can increase their positions. Although it is very helpless, but the current increase can only rely on others...

2024.06.03Stock market close: 5G and semiconductors led the gains, while A-shares were weak and volatile

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