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[stock market midday review] the two markets index high shock Prev rose 0.89% semiconductor, digital currency plate capital inflow more
Apr 17,2020 11:39CST
The content below was translated by Tencent automatically for reference.

SMM4 17: morning index high open high, deep index, Chuang index rose more than 1%. On the disk, the market subject matter blossoms, the semiconductor, the digital currency plate pulls up one after another, the RCS plate receives the fund hot again, the tourism concept appears restless. Plate stocks up and down less, the money-making effect is general. Near the end of the morning, the index high consolidation, Prev impact 2850 fruitless, the index is stronger and stronger. On the disk, the semiconductor plate and so on impulse high pullback, the subject matter concept is relatively active. On the whole, the market is in a good mood to be long, and the money-making effect is still mediocre. By midday, the Shanghai index was up 0.89 per cent at 2845.03 points, the Shenzhen Composite Index at 10614.05 points, up 1.37 per cent, and the Chuang Index at 2046.99 points, up 1.92 per cent.

Abnormal review

The concept of digital currency is high, Huijin shares, the public should be connected to the limit, Radio and Television Express, Julong shares to follow the rise.

Semiconductor and component plate pulled up, northern Huatuang rose 6%, long electric technology, Zhaoyi innovation, Huiding technology rose.

Hotel and catering plate change pull up, Huatian hotel straight up, the first brigade hotel, Jinjiang hotel, Xi'an food, Dadonghai A and so on.

RCS rich media communications concept continued to rise, Shenzhou Taiyue, Hailian Jinhui rose by the limit, Caixun shares, Zhongjia Bochuang, Jingtianli rose more than 5%.

Semiconductor and component plate higher, Tongfu micro electric, Taiwan base shares have risen by the limit, Huazheng new wood, northern Huachuang, Dongshan precision and so on.

The concept of liquor goes up, alcoholic wine rises by the limit, willing to wine industry, Jinhui liquor, Shanxi Fenjiu, Guizhou Maotai follow the rise.

Mechanical plate rose in early trading, Shantui shares rose by the limit, Jianke Machinery rose 6%, Dagang holding rose 3.42%, overpass lifting rose 1.97%, Anhui Huli, Taiyuan heavy Industry and so on rose.

Message surface

[national Bureau of Statistics: GDP fell 6.8 percent in the first quarter compared with the same period last year] this (17) morning, the Information Office of the State Council held a press conference on the operation of the national economy in the first quarter of 2020. Mao Shengyong, director of the National Bureau of Statistics and spokesman for the National Bureau of Statistics, said that after preliminary accounting, the gross domestic product (GDP) in the first quarter was 20.6504 trillion yuan, down 6.8 percent year on year at comparable prices. In terms of sub-industries, the added value of the primary industry was 1.0186 trillion yuan, down 3.2%; the added value of the secondary industry was 7.3638 trillion yuan, down 9.6%; and the added value of the tertiary industry was 12.268 trillion yuan, down 5.2%. (CCTV News)

[central Bank voice: credit funds will be guided to support the real economy through targeted reduction of accuracy, re-lending, and other policy measures. "on April 16, the central bank website said that the people's Bank of China has conscientiously implemented the decision-making arrangements of the CPC Central Committee and the State Council, made flexible use of a variety of policy tools, greatly strengthened the intensity of counter-cyclical financial regulation and control, and significantly increased the credit support of the financial system to the real economy. In the first quarter, various loans increased by 7.1 trillion yuan. It's the highest level of the quarter.

[IMF predicts China's economy will grow 1.2 per cent this year in response to the National Bureau of Statistics]

A few days ago, the (IMF) of the International Monetary Fund slashed its global economic growth forecast, predicting that the global economy will fall by 3% in 2020 and China's economy will grow by 1.2%. With regard to the IMF forecast, Mao Shengyong, director of the National Bureau of Statistics and spokesman for the National Bureau of Statistics, responded on the 17th that 1.2 percent is also a small number of positive growth among the world's major economies, and it should also be noted that the IMF forecasts China's economic growth of 9.2 percent in 2021. If the figures for this year and next are averaged, China's economy is still growing at an average rate of more than 5%. Assuming the world economy returns to normal next year, the repression caused by the epidemic in China will be released next year.

Institutional point of view

Citic Construction Investment said that in operation, investors are advised not to catch up in the short term and are concerned about: (1) medicine and essential consumer goods sectors, which are less affected by the epidemic and are expected to perform steadily in the first half of the year; (2) stocks and industries with low valuations, stable dividends and high dividend yields; and (3) new infrastructure sectors such as 5G, which have rebounded under counter-cyclical adjustment.

Huafu Securities: the epidemic situation in foreign countries is serious, investors can pay due attention to the ETF of pharmaceutical stocks

Huafu Securities believes that after the Ching Ming Festival, peripheral funds continue to flow into the domestic market, providing better liquidity for blue-chip stocks in the market. In the short term, the market plate rotates faster, whether blue-chip stocks or technology stocks are difficult to continue to perform, due to the serious epidemic abroad, investors can pay appropriate attention to pharmaceutical stocks ETF, from the lowest point has rebounded 25%, to prevent the possibility of a second step back; In the medium to long term, Yu'e Bao income fell below 2%, indicating that the market monetary liquidity has entered a relatively loose stage, in the context of asset shortage, the market still has more funds have to find a way out, so stock assets have become the preferred investment target for most investors.

Galaxy Securities: the valuation of photovoltaic plate falls back to a low level, and the time on the left is becoming ripe.

Galaxy Securities pointed out that the supply and demand of photovoltaic will be loose or inevitable in 2020, and the resulting decline in product prices is the main risk. However, compared with the "531" incident, it is expected that the decline in overseas demand is longer, the range is relatively flat, and the price of the industrial chain is already low, the room for decline is limited, and the impact on enterprises is more moderate. At the same time, EPC prices tend to be parity will stimulate demand, the global photovoltaic market does not change the medium-and long-term upward trend. At present, the pessimistic expectations brought about by the epidemic have been fully released, the valuation of the photovoltaic plate has fallen back to a low level, and the time on the left is becoming ripe. Recommended targets: Silicon, battery faucet Tongwei shares; glass leader Folet (building materials industry coverage); silicon duopoly Longji shares, central shares; film leader Foster; component manufacturers Oriental Sunrise; integrated pioneer Jing O Technology; Inverter Pioneer Sunshine Power, Jinlang Technology.

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