SMM4 29: early trading three major indexes collectively opened lower, and then all launched a "offensive", Prev led the three major indices turned red, the index rose more than 1 per cent at one point. On the disk, affected by the news, road transport, pesticide plate collective strength, venture capital plate experienced yesterday's sharp rise after a correction. The money-making effect of the two cities continues to improve, and the capital mood is more positive. Near midday, the three major indices all fell back, the gem index is from up to down. On the disk, the road transport plate is still strong, hotel catering plate change pull up, cement, financial plate from behind, but the sustainability is poor. In the afternoon, the index fell again. On the disk, the performance of secondary stocks is more eye-catching, the morning high bank, tourism, highway plate performance can be pointed. On the whole, the mood of capital wait-and-see rose again, and the fried board rate of the two cities continued to rise. In late trading, the three major indexes turned red again, but the transaction was relatively low, and the overall performance was not strong. On the disk, Yili shares led the decline in food and beverage plate, in which dairy, liquor and other consumer stocks continued to adjust sharply. Property stocks moved slightly, but did not give the index too much positive impetus. On the whole, the capital mood is more tired, the two cities make money effect is poor.
Specifically, by the close of trading, the Shanghai index closed at 2822.44 points, up 0.44%, with a turnover of 222.7 billion yuan; the Shencheng Index reported 10514.17 points, up 0.12%, with a turnover of 310.1 billion yuan; and the Chuang Index closed at 2030.48 points, down 0.01%, with a turnover of 101.3 billion yuan.
Plates and individual stocks
The Ministry of Transport said that with effect from 00:00 on May 6, 2020, toll roads approved by law will be reinstated (including toll bridges and tunnels). China Merchants Securities believes that the resumption of domestic production accelerated, traffic flow month-on-month recovery, the later high-speed enterprises are expected to get policy compensation, the highway industry will usher in marginal improvement. Shandong high-speed, Beijing-Shanghai high-speed railway, Sichuan Chengdu-Chongqing, Longjiao traffic, Sichuan Chengdu-Chongqing, Shenzhen high-speed, Jilin high-speed and other large high.
Net inflow of major funds into the top 10 today
Abnormal review
Jiangsu Guotai one word limit, the company intends to split its subsidiary Jiangsu Ruitai New Energy Materials Co., Ltd. To gem listing.
UHV plate strong, Han cable shares rose by the limit, Shenma Electric Power, Dalian Electric porcelain, special change electrician and so on follow the rise.
Scenic spot tourism plate continued to pull up, Tengbang International, Caesar tourism industry, Zhongxin tourism growth rate of the top.
Cement plate early morning change pull up, Qilian Mountain rose more than 8%, Ningxia building materials, Huaxin cement, Shangfeng cement, etc., plate rose more than 2%.
Hotel and catering plate change pull up, Huatian hotel rose more than 7%, the first travel hotel, Jinjiang hotel, Xi'an food, Jinling hotel and so on.
The national defense military industry plate changed and pulled up, the Great Wall military industry rose more than 5%, Xinyu national science, aviation power, aviation control, Chinese satellite and so on.
The banking sector changed and pulled up, Changshu Bank rose more than 6%, Ningbo Bank, Jiangsu Bank, Ping an Bank followed the rise.
Photoresist plate change pull up, Rongda photosensitive rise of more than 8%, Jacques science and technology, Anji technology, Guangxin materials, Jianghua micro and so on.
Car plate change pull up, Jianghuai cars rose more than 6%, Guangzhou Auto Group, FAW cars, BAIC Blue Valley, BYD and so on.
Message surface
[heavyweight! National Highway resumption Toll from May 6]
According to the Ministry of Transport, with the consent of the State Council, toll tolls will be reinstated on toll roads approved by law from 00:00 on May 6, 2020. Previously, in order to co-ordinate epidemic prevention and control and economic and social development, toll roads across the country will be exempted from vehicle tolls from 00:00 on February 17, 2020. Affected by the epidemic and the implementation of the toll exemption policy for all kinds of vehicles, listed companies in the highway industry suffered "injuries" in the first quarter, with the heaviest China Merchants Highway losing more than 700 million yuan in the first quarter. In the secondary market, the share prices of highway A-share companies generally fell, with the market value of the plate evaporating more than 20 billion yuan compared with that before the Spring Festival.
[this year's "two sessions" will be held in Beijing on May 22, 2020]
The 17th meeting of the 13th NPC standing Committee decided that the third session of the 13th NPC will be held in Beijing on May 22, 2020.
The 35th session of the 13th National Committee of the Chinese people's political Consultative Conference (CPPCC) suggested that the third session of the 13th CPPCC National Committee be held in Beijing on May 21, 2020.
[Shenzhen Special Economic Zone Science and Technology Innovation Bill submitted for deliberation of science and technology enterprises is expected to implement "different rights in the same share"]
Science and technology enterprises registered in Shenzhen are expected to implement "different rights in the same share" and give better protection to their founders. The regulations on Scientific and technological Innovation (draft) of the Shenzhen Special Economic Zone, which was first submitted to the standing Committee of the Shenzhen Municipal people's Congress yesterday for deliberation, established a system of "different rights in the same share", stipulating that enterprises registered in Shenzhen may set up a special ownership structure, in addition to ordinary shares, set up special voting shares with more voting rights than ordinary shares, and allow such companies to be listed and traded on the Shenzhen Stock Exchange.
[Shenzhen Stock Exchange, China settlement Shenzhen Branch: make technical preparations for gem reform and pilot registration system]
Shenzhen Stock Exchange and China Clearing Shenzhen Branch issued the notice on the Technical preparation for gem Reform and pilot Registration system, requiring all members and relevant units to complete the relevant technical preparations by June 30, 2020. Shenzhen Stock Exchange will cooperate with China Clearing Shenzhen Branch to organize imitation zhen test and whole network test.
Institutional point of view
Huaxi Securities: judging from the situation in the past 12 quarters, the allocation proportion of the electronics manufacturing industry has always been the highest in the electronics industry, which is also in line with the division of labor of the Chinese electronics industry in the global industry chain in the past few years. However, with the rise of domestic substitution in the domestic semiconductor industry, the proportion of heavy positions in the semiconductor industry has continued to increase from 0.37% in the fourth quarter of 2018 to 3.19% in the first quarter of this year. The proportion of heavy warehouse allocation is close to that of the electronics manufacturing industry, and is expected to maintain the trend of continued improvement.
Citic Securities: global capital reallocation direction and trend remain unchanged, as China's relative economic intensity has been further confirmed, foreign capital will continue to allocate Chinese equity assets. Second, the quarterly report is about to hit the ground, with the resumption of production of the last "short board" (service industry) to make up, the economy is about to enter the normal track, A-share earnings are expected to rise step by step, the established fact that the quarterly report is weak will not affect the gradual improvement of subsequent profit growth. Third, the policy tone and objectives remain unchanged, and various policy tools are expected to be fulfilled as scheduled.
Zhang Xia, a strategist at China Merchants Securities, said A shares would bottom out in the second quarter and usher in an upward inflection point. At present, A shares are in a two and a half year upward cycle since 2019, which does not rule out the possibility of acceleration in the second half of the year.
Bohai Securities: in the long run, the trend of continued improvement in tourism has not changed, and the long-term logic of companies in the industry has not been affected, but the impact of this epidemic on the short-term performance of companies in the industry is inevitable. From a long-term point of view, investors are still advised to choose individual stocks from the following dimensions: 1) adhere to the tax-free industry with clear logic and strong performance certainty; 2) pay attention to the hotel industry leaders with low valuation and flexible performance; 3) under the current ticket price reduction environment, high-quality scenic spot companies with low dependence on ticket revenue and the possibility of replicating in different places.
Huaxi Securities: judging from the situation in the past 12 quarters, the allocation proportion of the electronics manufacturing industry has always been the highest in the electronics industry, which is also in line with the division of labor of the Chinese electronics industry in the global industry chain in the past few years. However, with the rise of domestic substitution in the domestic semiconductor industry, the proportion of heavy positions in the semiconductor industry has continued to increase from 0.37% in the fourth quarter of 2018 to 3.19% in the first quarter of this year. The proportion of heavy warehouse allocation is close to that of the electronics manufacturing industry, and is expected to maintain the trend of continued improvement.
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