[stock market review] the index of the two markets opened low and the Shanghai index fell 0.33%. Hot stocks fell back last week.

Published: Apr 13, 2020 11:46 (GMT+8)
In early trading, the index opened low and walked low, followed by a weak consolidation. On the disk, RCS plate low plate pull up, cement, pesticide plate performance strong, planting plate continues to fall. Near the end of the morning, the index rebounded slightly. On the disk, the epidemic related plate continues to move higher, the pesticide plate continues to be active. On the whole, individual stocks fall more or less, the number of families is not high, the fried board rate is higher, the market atmosphere is still not strong, the money-making effect is general. As of press time, the Shanghai index was 2787.28 points, down 0.33%, the Shencheng index was 10251.86 points, down 0.45%, and the index was 1925.65 points, down 1.24%.

SMM4 13: morning index low open low walk, followed by weak consolidation. On the disk, RCS plate low plate pull up, cement, pesticide plate performance strong, planting plate continues to fall. On the whole, the mood of capital wait-and-see rises again, the money-making effect becomes worse, and the fried board rate is higher. Near the end of the morning, the index rebounded slightly. On the disk, the epidemic related plate continues to move higher, the pesticide plate continues to be active. On the whole, individual stocks fall more or less, the number of families is not high, the fried board rate is higher, the market atmosphere is still not strong, the money-making effect is general. As of press time, the Shanghai index was 2787.28 points, down 0.33%, the Shencheng index was 10251.86 points, down 0.45%, and the index was 1925.65 points, down 1.24%.

Abnormal review

RCS rich media communications concept led the decline, Wu Tong Holdings, Hailian Jinhui fell by the limit, Samsung Medical, Caixun shares fell more than 7%.

Pesticide stocks strengthened, Changqing shares rose by the limit, the red sun rose 9%, middle farmer Lihua, Andorra A, Lanfeng biochemical rose.

Agricultural planting plate fell sharply, Jinjian rice industry, Xinsai shares fell by the limit, Suken agricultural development, Fengle seed industry fell more than 6%.

Cement plate continued to pull up, the peak cement rose 5%, Huaxin cement, conch cement, Qilian Mountain, Ningxia building materials and so on.

Mask plate strengthened, Xinlong holding rose by the limit, Yanjiang shares, Jingfeng doctor before the stop, Nanjing Julong, re-rising technology rose more than 7%.

Influenza plate pulled up, Yiling pharmaceutical industry rose by the limit, Tailong pharmaceutical industry rose more than 9%, the people Tongtai, Chinese medicine shares rose.

Scenic spots and tourism plate continued to pull up, Qujiangwen travel touch plate, Lingnan holding rose 4%, Xi'an tourism, Sante cableway and so on.

Construction machinery plate change pull up, Shantui shares rose by the limit, Shanhe intelligence, Liugong, Zhonglian heavy branch and so on to follow the rise.

Message surface

[Guan Xuan! OPEC + reached historic production reduction agreement]

OPEC + reached a historic production reduction agreement, the G20 is expected to follow, the oil price war is expected to end. In the early hours of Monday, Beijing time, the OPEC + oil alliance of the world's leading oil producers announced a historic agreement to cut production in an effort to end the devastating oil price war.

[100 Hainan free trade port construction projects started today with a total investment of 48.9 billion yuan]

The concentrated start and signing ceremony of Hainan free trade port construction project was held today. This time, a total of 100 projects were started, with a total investment of 48.9 billion yuan. In terms of project types, it covers industrial development, upgrading of "five networks" infrastructure, people's livelihood and public services, of which 50 "five networks" infrastructure upgrading projects, with a total investment of 29.7 billion yuan, accounting for 61 percent of the total project investment. (issued by Hainan)

[Shanghai Action Plan for promoting online New Economic Development (2020-2022)]

At a press conference held today by the leading Group on epidemic Prevention and Control in Shanghai, the Municipal Economic and Information Commission issued the "Shanghai Action Plan for promoting online New Economic Development (2020-2022)." The plan is clear: gather "100 +" innovative enterprises, launch "100 +" application scene, create "100 +" brand products, break through "100 +" key technologies and other action goals; focus on unmanned factories, industrial Internet, online medical and other 12 development priorities; implement 6 special actions, such as intelligent interactive core technology research actions and new infrastructure support actions; implement five safeguard measures, such as increasing overall planning and coordination. (Securities Times Network)

Institutional point of view

Guangfa Securities said that the configuration to maintain the main line of domestic demand. Referring to historical experience, industry allocation follows the order of "performance comparative advantage" in the initial stage of writedown and "policy hedging direction" + "performance repair elasticity" in the later stage of writedown. Recommended configuration: (1) relative performance advantage (medicine / food and beverage / game); (2) industry logic is stable & undisturbed by external demand science and technology growth (IDC/ medical information); (3) counter-cyclical policy to promote the expansion of infrastructure chain (building materials / electrical equipment).

Citic Securities: active allocation to meet the inflection Point of the Market

This week ushered in the first quarter of the domestic economic data landing, is the market in the short term the last disturbance. With the disclosure of economic data in the first quarter and the stabilization of the overseas epidemic, a relatively comprehensive and objective assessment of the impact of the epidemic on the domestic economy is possible, the policy tone is expected to be clearer and more positive, the measures will be stronger, and investors' previous concerns will fall to the ground, so the inflection point at the bottom of the market is expected to be confirmed after the landing of various economic data next week.

Recently, the process of global capital reallocation has begun, and the average daily inflow of funds northward has reached 3.2 billion, which has returned to the level before the outbreak in January, mainly the inflow of allocated foreign capital, and the signs of industrial capital entry have increased significantly, with a total of 12 listings since the beginning of the year. 147 companies have increased their holdings. The rapid recovery of the domestic economy is still on its way, the forward-looking financing index has returned to the level of the fourth quarter of last year, and the overall industry recovery rate is estimated to have returned to more than 90%.

Haitong Securities: the market is in a phased rebound, which may fall back after the rebound

The core conclusion: 1A shares stage rebound due to the improvement of overseas liquidity outside the market, domestic macro policy further increased, the whole is still interval shock. 2 the trend opportunity still needs to wait for the fundamental data to pick up again, track the overseas epidemic situation, the domestic return to work and resume production. (3) when external demand is insufficient, domestic demand should be replenished, focusing on more robust new infrastructure and consumption.

"Click to sign up:" 2020 (Fifth) China International Nickel Cobalt Lithium Summit Forum "

To sign up for the Nickel Cobalt Lithium Summit or apply to enter the industry exchange group, please scan the code:

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
KGHM and South32 launch US$725m Sierra Gorda expansion, lifting copper capacity 26%
Oct 02, 2026 16:31 (GMT+8)
KGHM and South32 launch US$725m Sierra Gorda expansion, lifting copper capacity 26%
Read More
KGHM and South32 launch US$725m Sierra Gorda expansion, lifting copper capacity 26%
KGHM and South32 launch US$725m Sierra Gorda expansion, lifting copper capacity 26%
KGHM and South32 have broken ground on a fourth grinding line at the Sierra Gorda copper-molybdenum mine in Chile's Atacama region. The US$725 million expansion runs for three years from January 2027, with completion by late 2029 and full output in H2 2030. Ore processing capacity rises 26%, from 131,000 tonnes per day to 165,000 tpd. Annual copper output is projected to climb from 165,000 tonnes in 2025 to 195,000 tonnes, with 6,000 tonnes of molybdenum, 58,000 ounces of gold and 1.7 million ounces of silver as by-products. The project creates over 900 direct jobs and is funded from operating cash flow and debt. Unit operating costs are expected to fall about 10%.
Oct 02, 2026 16:31 (GMT+8)
Emerita Extends Final Review of Iberian Belt West PFS, Release Expected in Coming Weeks
Oct 02, 2026 15:31 (GMT+8)
Emerita Extends Final Review of Iberian Belt West PFS, Release Expected in Coming Weeks
Read More
Emerita Extends Final Review of Iberian Belt West PFS, Release Expected in Coming Weeks
Emerita Extends Final Review of Iberian Belt West PFS, Release Expected in Coming Weeks
Emerita Resources has provided an update on the Preliminary Feasibility Study (PFS) for its Iberian Belt West polymetallic project in Spain, saying the study is well advanced but remains under final technical review.​ The company said the review process has been expanded to include additional technical and quality-assurance oversight before publication. As a result, Emerita now expects the PFS to be released in the coming weeks rather than within the previously indicated timeframe.​ Iberian Belt West hosts copper, zinc, lead, gold and silver mineralization and is one of Emerita’s principal development-stage assets in Spain. The PFS is expected to provide updated detail on the proposed mine plan, processing configuration, capital requirements, operating costs and project economics.​ Emerita said the additional review work is intended to ensure consistency and completeness across the technical disciplines contributing to the study before it is finalized.​ The company did not announce a revised specific publication date, and no new production, capital or economic figures were disclosed in the latest update.​ The extended review delays the next major technical milestone for Iberian Belt West, but the company continues to indicate that the PFS is nearing completion. For the copper market, the significance of the study will depend on the production profile and project economics ultimately disclosed, particularly the contribution of copper relative to the project’s other payable metals. Attention will therefore remain on the timing of the PFS release and whether the final study materially changes the project’s development outlook.
Oct 02, 2026 15:31 (GMT+8)
Cascadia Intersects 75.55 m at 1.19% Cu at Carmacks Copper-Gold Project
Oct 02, 2026 15:27 (GMT+8)
Cascadia Intersects 75.55 m at 1.19% Cu at Carmacks Copper-Gold Project
Read More
Cascadia Intersects 75.55 m at 1.19% Cu at Carmacks Copper-Gold Project
Cascadia Intersects 75.55 m at 1.19% Cu at Carmacks Copper-Gold Project
Cascadia Minerals has reported additional drill results from its 2026 exploration programme at the Carmacks copper-gold project in Yukon, Canada, with new step-out drilling extending mineralization at Zone 2000S beyond the boundaries of the existing Mineral Resource.​ Drill hole CD-26-058 returned 75.55 metres grading 1.19% copper, 0.97 g/t gold, 10.4 g/t silver and 335 ppm molybdenum, equivalent to 2.18% copper-equivalent. The interval included 48.66 metres grading 1.61% copper, 1.39 g/t gold, 15.1 g/t silver and 475 ppm molybdenum, equivalent to 3.03% CuEq.​ Within the same hole, a higher-grade interval of 14.50 metres returned 2.30% copper, 2.68 g/t gold, 29.5 g/t silver and 1,015 ppm molybdenum, equivalent to 5.08% CuEq.​ A second hole, CD-26-059, intersected 93.99 metres grading 0.96% copper, 0.70 g/t gold, 4.6 g/t silver and 919 ppm molybdenum, equivalent to 1.94% CuEq. This included 63.97 metres at 1.26% copper, 0.96 g/t gold, 6.3 g/t silver and 1,049 ppm molybdenum, equivalent to 2.52% CuEq.​ Cascadia said the latest results continue to expand mineralization at Zone 2000S beyond the limits of the current Mineral Resource and highlight the higher-grade nature of the extension. The reported drill intervals represent drilled thicknesses, with true widths estimated at approximately 60–70%.​ The latest step-out results indicate that copper-gold mineralization at Zone 2000S extends beyond the boundaries of the current Carmacks Mineral Resource. The broad intervals and higher-grade internal zones could support future resource expansion if additional drilling confirms continuity. However, the new intersections have not yet been incorporated into an updated Mineral Resource Estimate, meaning their ultimate impact on project scale and mine planning remains to be determined.
Oct 02, 2026 15:27 (GMT+8)