Jufeng Investment Advisors commented: The market rose and fell, and the securities sector dived in the afternoon

Jufeng Investment Advisor

2024-06-28 15:16Creators in the field of finance and economics

Author|Ding Zhenyu, Editor|Gu Jinfeng

Source: Jufeng Investment Advisory, Good Stock Application

Brief description of the plate

On Friday, A-shares rose and retreated, the Shanghai Composite Index rebounded slightly, and the ChiNext fell more than 1%. On the disk, shipbuilding, power grid equipment, consumer electronics, electronic components, aerospace, precious metals, power equipment, optics and optoelectronics, non-ferrous metals, mining, electric power, automobiles and other industries led the rise, aviation airports, wine, securities slightly pullback. In terms of theme stocks, copper high-speed connection, wireless charging, UHV, passive components, high-voltage fast charging, PCB concept, smart grid, Apple concept, aircraft carrier concept, etc. led the gains, and AI large models, liquor, dairy and other contrarian market pullbacks.

Hot Plates

Consumer electronics strengthened: Kaiwang Technology, Jiebang Technology 20cm daily limit, Zhixin Electronics, Guanghong Technology rose more than 10%, Lingyi Manufacturing, Jierong Technology, Furong Technology, Yingtong Communication, Deren Electronics daily limit.

Smart grid strengthened: Jinli Huadian, Tongguang cable led the rise, Changdian High-tech, Pinggao Electric, Dalian Electric Porcelain, Zeyu Intelligent, China Xidian impact limit, Times Electric, Aotexun and other top gainers.

Message plane

In the first five months, the efficiency of industrial enterprises above the designated size continued to recover

According to the data released by the National Bureau of Statistics on June 27, in the first five months of this year, the profits of industrial enterprises above designated size increased by 3.4% year-on-year, and the revenue increased by 2.9% year-on-year, accelerating for two consecutive months, showing the steady growth of industrial production and the continued recovery of enterprise efficiency. According to expert analysis, the transformation and upgrading process of the manufacturing industry is accelerating, and the profits of industrial enterprises are expected to continue to improve.

The par value dilemma of 209 stocks: 47 billion HNA Holdings is also approaching the "red line of delisting" of 1 yuan

In the face of delisting, all companies are equal. In addition to poorly managed enterprises, some large enterprises in Shanghai and Shenzhen have also begun to fall into the risk of delisting at face value, including HNA Holdings. According to the relevant rules, if the company's stock price is lower than 1 yuan for 20 consecutive trading days, the company will be subject to face value compulsory delisting measures.

The three major U.S. stock indexes collectively closed higher, and popular Chinese concept stocks generally fell

Eastern time on Thursday, the three major U.S. stock indexes collectively closed higher, as of the close, the Dow rose 0.09%, the Nasdaq rose 0.30%, and the S&P 500 rose 0.09%. Popular technology stocks were mixed, with Amazon up more than 2% and Nvidia down nearly 2%. Computer hardware, solar energy, and software applications were among the top gainers, with U.S. software up more than 8%, ultra-micro computers up more than 7%, Angaomeng up more than 6%, and Saiftse and Sunrun up more than 4%. Popular Chinese concept stocks fell, and the Nasdaq China Golden Dragon Index fell 2.21%. Xpeng Motors fell more than 6%, iQiyi and Weilai fell more than 5%, JD.com, Pinduoduo, Vipshop, Weibo fell more than 4%, and Li Auto fell more than 3%.

Jufeng view

In early trading, A-shares opened low and went high: the Shanghai Composite Index rose 0.98%, the ChiNext Index rose 0.37%, on the disk, copper high-speed connection, consumer electronics, MLCC, passive components led the rise, AI corpus, kimi concept, Sora concept, culture and media fell against the trend, the two cities rose more than 4,000 stocks, and the market turnover exceeded 400 billion.

In the afternoon, semiconductors, power equipment, automobiles, ships, military industry, etc. soared, medicine and biology, computer applications, real estate and other sectors fell, the Shanghai Composite Index rose more than 1%, and the Growth Enterprise Market and the Science and Technology Innovation Board fell significantly, both turning green; At 14:00, Oriental Fortune plunged, driving the brokerage sector lower, and the Shanghai Composite Index fell; CATL and Oriental Fortune both fell sharply, and the GEM index fell more than 1%. The market turnover continued to be sluggish, and with the help of the diving of the brokerage sector in the afternoon, there was a wave of panic selling in the market, and the market turnover recovered to 700 billion yuan.

Judging from the day's disk, the theme stocks rebounded collectively, the CSI 300 ETF and CSI 500 ETF funds still had capital inflows, the Chinese word head plate rose more than 2% intraday, and China Mobile hit a record high, which is the anchor of the market; However, the brokerage sector has become a new smashing force in the market, and the sector index is approaching a new low this year. Market sentiment was sluggish, with the All-A Index falling by more than 1%, and the market continued to find a bottom.

Investment advice

Jufeng Investment Consulting believes that under the expectation of economic recovery, A-shares are expected to enter a medium and long-term bull market. In the short term, the market is mainly affected by exchange rates and external geopolitical factors. In the medium to long term, the market has returned to activity, and the attractiveness of A-shares will further enhance in the future. After the Shanghai Composite Index fell below 3,000 points, dividend stocks continued to stabilize the market, and the growth sector diverged.

(Author: Ding Zhenyu Practicing Certificate: A0680613040001)

Disclaimer: The above content is for reference only and does not constitute specific operation advice, and you shall operate at your own risk and profit and loss

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