China Fund News reporter Amman
On the first day of holiday rework, funds re-embraced bonus stocks.
On the morning of September 18, the main A-share indexes were adjusted in early trading, insurance and banking stocks rose against the market, and e-commerce, games, folding screens and other sectors that were hyped before the holiday fell first. As of the midday close, the Shanghai Composite Index fell 0.05%, the Shenzhen Component Index fell 0.55%, and the ChiNext Index fell 0.39%. More than 4,500 stocks fell, and the half-day turnover of the two cities was 294.5 billion yuan, a decrease of 30.9 billion yuan from the previous day.
Among them, liquor stocks fell again, Kweichow Moutai fell more than 2%, and the total market value once fell below the 1.6 trillion mark, falling to the fourth place in A-shares. Today's wine price data shows that on September 18, the wholesale price of Feitian Moutai (original) 53 degrees/500ml in 2024 will be 2,500 yuan per bottle, down 35 yuan from before the holiday (September 13).
The big bull stocks of state-owned enterprise reform staged a "heaven and earth board"
On the morning of September 18, after the flash crash of Baobian Electric, a popular stock in the concept of state-owned enterprise reform, to the fall limit, driven by large purchase orders, the company's stock price quickly rose and closed the upper limit, staging the "earth and sky board" market.
As of noon closing, the stock was still closed on the daily limit, recording 8 daily limits in 11 trading days, with a cumulative increase of 110.81%, and the latest total market value reached 17.2 billion yuan.
However, Hainan Haiyao, another popular stock with the concept of state-owned enterprise reform, was not so lucky. Hainan Haiyao, which used to be 6 boards, has been pressed on the falling limit board since the flash crash and fall limit at the opening today.
message face. On September 2, Baobian Electric disclosed a suggestive announcement on the planning of major events by the controlling shareholder, the company's controlling shareholder China Ordnance Equipment Group Co., Ltd. is carrying out the integration of power transmission and transformation equipment business with China Electric Equipment Group Co., Ltd., the integration may lead to a change in the controlling shareholder of the company, and the plan still needs to perform internal decision-making procedures and be approved by the relevant competent authorities. The matter is uncertain.
"Glove Mao" 20CM down limit
On September 18, INTCO Medical, known as "Glove Mao", opened with a rapid decline. As of midday close, it still closed at the lower limit, and the stock price hit a new 5-month low.
On the news side, on September 13, local time, the United States Biden administration said that United States finally decided to raise tariffs on certain Chinese-made products. In terms of medical products, the Office of the United States Trade Representative (USTR) raised tariffs on medical masks from the originally proposed 25% to the final 50%, but delayed the latter's entry into force until 2026; The tariff on medical gloves was originally planned to be increased to 25% from 2026, but the USTR announcement shows that this tariff will be increased to 25% from 2025 and 100% by 2026.
As we all know, disposable gloves are the core business of INTCO Medical. In 2023, the total revenue of INTCO Medical will be 6.919 billion yuan, of which the medical protection business with gloves as the core product will account for 89.3%.
Market participants believe that the company's overseas revenue will account for 86.74% in 2023, and the current United States business accounts for 35% to 40% of overseas business, and the increase in tariffs will inevitably affect its competitiveness in the North American market. It is worth noting that the final increase in tariffs by the United States is much higher than previously expected.
INTCO Medical also said in its 2024 semi-annual report that on May 14, 2024, the White House of United States officially issued a statement that it would impose tariffs on goods totaling $18 billion from China. Among them, the tariff on medical rubber gloves will be increased from 7.5% to 25% in 2026, which will have a certain impact on the company's products exported to the United States market. The company mainly uses the US dollar as the settlement currency, and exchange rate fluctuations will affect the company's foreign exchange gains and losses, which will have a greater impact on the company's overall operating performance.
Editor: Joey
Review: Muyu