The Shanghai Composite Index rose nearly 1% to nearly 3,000 points, the real estate chain collectively strengthened, and high-dividend concept stocks were repeatedly active

Finance Associated Press

2024-07-01 16:43The official account of Cailianpress, a subsidiary of Shanghai Poster Group

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01 The Shanghai Composite Index rose nearly 1%, approaching 3,000 points, the real estate chain collectively strengthened, and high-dividend concept stocks were repeatedly active.

02 Rare earth permanent magnet concept stocks rose sharply at the open, with Zhongke Magnetics, Huahong Technology, Chuangxing Resources, and Huayang New Materials rising to the limit.

03 The real estate sector rebounded, and Binjiang Group, Huafa Co., Ltd., I Love My Home, and Urban Construction Development rose to the limit.

04 Due to the lack of incremental funds in the market, it is expected that the follow-up short-term theme end high and low cut rotation may continue.

05 In addition, the market's attention to the forecast may be further enhanced, and the market or individual stocks with higher performance certainty are more likely to be favored by funds.

Technical support is provided by Tencent Hybrid Model

On July 1, the Associated Press of Finance reported that the market rebounded throughout the day, with the Shanghai Composite Index leading the rise. On the disk, rare earth permanent magnet concept stocks opened sharply, and Zhongke Magnetics, Huahong Technology, Chuangxing Resources, and Huayang New Materials rose to the limit. The real estate sector fluctuated and rebounded, and Binjiang Group, Huafa Shares, I Love My Home, and Urban Construction Development rose to the limit. Phosphorus chemical concept stocks rose in the afternoon, and Huilong shares and Hubei Yihua rose to the limit. High-dividend stocks once soared intraday, with Agricultural Bank of China, Yangtze River Electric Power, and Shaanxi Coal hitting a record high. In terms of decline, chip stocks fell into adjustment, and Guoxin Technology fell by more than 10%. Overall, stocks rose more and fell less, and more than 3,500 stocks rose in the whole market. The turnover of the Shanghai and Shenzhen stock markets today was 658 billion, a decrease of 45.2 billion from the previous trading day. At the close, the Shanghai Composite Index rose 0.92%, the Shenzhen Component Index rose 0.57%, and the ChiNext Index fell 0.04%.

Sector

On the plate, the real estate sector rose first today, Zhongzhou Holdings, Binjiang Group, I love my home, urban construction development daily limit, special services, Xincheng Holdings, China Merchants Shekou, Poly Real Estate, Gemdale Group and other stocks rose first.

On the news side, CRIC Research Institute released the "Top 200 Sales List of China's Real Estate Enterprises in the First Half of 2024" on July 1, and in June, the top 100 real estate companies (the top 100 real estate companies in terms of sales) achieved sales of 438.93 billion yuan, an increase of 36.3% month-on-month and a year-on-year decrease of 16.7%. In particular, Shanghai, Guangzhou, and Shenzhen all increased by more than two percent month-on-month, and the transaction volume in June was significantly better than the average monthly level in the first quarter.

Therefore, today's rise in real estate on the one hand benefits from the real estate policy superposition effect gradually highlighted, so that the market's confidence in real estate stocks has improved, on the other hand, real estate stocks in May and June after the correction, most of the individual stocks back to the bottom range before April. In addition, with the upcoming important meeting in July, the market still has an expectation game on the real estate policy side. It is expected that in the follow-up market, real estate and its extended industrial chain may become one of the hot spots in the market outlook.

Rare earth concept stocks were also strong throughout the day, with Zhongke Magnetics, Huahong Technology, Chuangxing Resources, and Huayang New Materials. Jiuling Technology, Sanchuan Wisdom, Earth Bear and other stocks were among the top gainers. On the news side, the "Regulations on the Administration of Rare Earths" was recently announced and will come into force on October 1, 2024. The "Regulations" stipulate that the total amount of rare earth mining and rare earth smelting and separation shall be regulated, and the dynamic management shall be optimized. CITIC Securities pointed out that the implementation of the "Regulations" will help promote the high-quality development of the industry, boost market sentiment, rare earth prices are expected to stabilize and rebound, the rare earth industry chain may rebound, and the operating performance of rare earth sector companies is expected to usher in an inflection point.

The concept of phosphorus chemical industry fluctuated and strengthened, Huilong shares, Hubei Yihua rose by the limit, Qingshuiyuan rose by more than 17%, and Hongda shares, Chuanjinnuo, Lubei Chemical and other stocks rose to the top.

The agency pointed out that the increase in phosphate rock supply in 2024 is limited, and the new mine concentration may be opened in the second half of 2025, and the phosphate rock price center is still expected to remain strong in the second half of this year, and the raw material cost support is strong.

In general, whether it is real estate, rare earth or phosphorus chemical industry, it is a theme that has undergone a long period of consolidation. It can be seen that the market will still choose to try to rotate some over-falling directions in the context of insufficient incremental funds, and it is expected that the subsequent short-term theme end of the high-low cut rotation may continue.

In terms of individual stocks

At the individual stock level, the overall money-making effect of the market today has improved. More than 3,500 stocks rose in the whole market. Among them, the highly-valued interest concept stocks that represent the dividend strategy have strengthened again, and Agricultural Bank of China, Yangtze River Power, and Shaanxi Coal Industry have hit record highs again. On the other hand, the growth style of technology stocks also picked up again in the afternoon, among which AI concept stocks made efforts, Tianfu Communication rose more than 8%, and core targets such as Zhongji Innolight, Xin Yisheng, Shenghong Technology, and Wall Nuclear Materials also rose well.

The short-term theme direction is also more active, the smart grid continues to be strong, Sanhui Electric has been promoted to 4 boards, and Xinling Electric has 20CM2 boards. The concept of financial and tax digitalization has also strengthened again, and the tax friend shares have a daily limit of 5 days and 4 boards. Although the overall direction of consumer electronics has fallen into differentiation, Yingtong Communication, the core target of the front row, has successfully connected to the board, and the 20CM Tanaka Seiki has also risen by more than 10% again. In addition, the medium-term trend of shocks and upward volatility has not been damaged, and it is expected that there will still be a return to repair to expectations after a short-term correction.

However, it should be noted that although today's market ushered in a general rise in repair, but the turnover did not increase but decreased, if tomorrow's volume can still not be effectively amplified, the major sectors may fall into differentiation again, so the pace of hot spot rotation is still the key to the market outlook.

Market outlook analysis

Today's market fluctuated and rebounded throughout the day, of which the Shanghai Composite Index rose nearly 1%, standing firm on the 5-day line and driving the 5-day line to turn upward, while the ChiNext index also bottomed out and rebounded, and finally closed almost flat. The fly in the ointment is that today's volume of energy does not increase but decreases, shrinking to about 650 billion again, obviously such a level of energy cannot maintain a general rebound. Therefore, the Shanghai Composite Index can pay attention to the pressure range near the 30-day line in the future, and if it cannot continue to increase the volume of the attack, it is not appropriate to have too high expectations for the continuation of this round of rebound. However, as has been repeatedly emphasized in recent articles, as the index continues to shrink and fall, the short-term selling pressure in the market tends to be exhausted, even if there is a second rebound at the index level, it is expected that the space is relatively limited. In addition, after entering July, the market's attention to the interim report forecast may be further enhanced, so the market or individual stocks with higher performance certainty are more likely to be favored by funds.

Market news focus

1. The People's Bank of China: It has decided to carry out treasury bond borrowing operations for some primary dealers in the open market in the near future

Cailian News Agency on July 1, the People's Bank of China Open Market Business Operation Office issued the Open Market Business Announcement [2024] No. 2, in order to maintain the stable operation of the bond market, on the basis of prudent observation and evaluation of the current market situation, the People's Bank of China decided to carry out treasury bond borrowing operations for some primary dealers in the open market business in the near future.

2. It is reported on the Internet that battery production in July generally declined? CATL responded: recent and third quarter production schedule growth

Finance Associated Press on July 1, today's battery sector listed companies stock prices generally fell, the market small essay said that "the industry's July production data generally declined", in this regard, CATL responded to the media that the company's business is good, the global market share has increased steadily, the overall production schedule is good, and the recent and third quarter production scheduling has shown a growth trend

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