[stock market midday review] the index of the two markets continued to fall. The Prev index fell 0.59%. The food sector led the rise in early trading.

SMM5 12: the Prev early trading flat, followed by the index fell in early trading to maintain the consolidation pattern, the entrepreneurial plate is relatively strong. On the disk, the new crown detection and other pharmaceutical plate significantly stronger, papermaking, C2M concept disk performance is strong, in addition, the recent surge in lithography machine is weak. The market is divided as a whole, the money-making effect is poor, and the fried board rate is general. Towards the end of the morning, the three major indices weakened again. On the disk, affected by the news, the concept of virus detection rose again, and the concept of white horse stock and food processing was more active. On the whole, there is no absolute hot topic in the market, the plate rotates faster, the competition for long and short is more fierce, and the money-making effect is still poor. As of press time, the Shanghai index was 2877.71 points, down 0.59%, the Shencheng index was 10908.08 points, down 0.56%, and the index was 2099.35 points, down 0.17%.

Abnormal review

Paper plate change pull up, Castle Peak paper industry rose more than 4%, sun paper industry, Chenming paper industry, pine resources, crane shares and so on.

Agricultural machinery plate strengthened, Jifeng science and technology rose by the limit, a drag shares, axis research technology rose more than 7%, Zoomlion heavy branch rose.

C2M concept higher, Mengjie shares, Meibang clothing both rose, Ruyi Group, Deli shares rose.

Photoresist plate continued to decline, Rongda photosensitive limit, Tongyi shares fell more than 8%, NTU Optoelectronics, Anji Technology, Feikai Materials, Walt Gas and so on fell.

Medical device service plate pulled up, Chutian science and technology rose, top nine biology, Mike biology, Mingde biology, gold domain medicine and so on.

Food processing and manufacturing plate rose rapidly, Anji Food rose by the daily limit, Haixin Food, Tianwei Food, Laiyifen, Epp shares and so on rose.

The defense industry plate was pulled up, Tianjian Technology rose 7%, Aerospace Rainbow rose more than 5%, Hongdu Aviation, Yaxing Anchor chain, Xingwang Yuda and so on rose.

The non-ferrous cobalt plate fell unilaterally, Hexiang Technology fell by the limit, and Dow Technology, Tianqi shares, Greenmei, Huayou Cobalt, etc., fell more than 2%.

Message surface

[China's CPI in April was 3.3% lower than expected]

National Bureau of Statistics: consumer prices rose 3.3% in April from a year earlier, up from 4.3% and expected to be 3.7%. Of this total, cities rose 3.0 per cent and rural areas 4.0 per cent; food prices rose 14.8 per cent and non-food prices rose 0.4 per cent; consumer prices rose 4.7 per cent and service prices rose 0.9 per cent. On average, consumer prices rose 4.5 percent from January to April over the same period last year.

[Wuhan considers supporting Dongfeng Motor to revive the local economy]

It is reported that the city of Wuhan is considering measures to support Dongfeng Motor Company, its largest local carmaker. Wuhan, the epicenter of China's new crown virus epidemic, is trying to revive the economy. According to the draft policy developed by the Wuhan Economic and technological Development Zone, potential measures include subsidies for new car buyers, new government orders to Dongfeng Motor and plans to make use of idle factories in the Dongfeng-Renault joint venture.

[the person in charge of the Foreign Trade Department of the Ministry of Commerce talked about suspending the export of some epidemic prevention materials in the form of market procurement]

Recently, Yiwu and other places have suspended the export of some epidemic prevention materials in the form of market procurement and trade. For the time being, enterprises and individuals at home and abroad cannot carry out customs declaration of some epidemic prevention materials with customs supervision code 1039, but they can still purchase relevant epidemic prevention materials in Yiwu and other markets, and declare and export them through other means such as general trade (customs supervision code 0110). According to the announcement of the Ministry of Commerce, the General Administration of Customs and the State Drug Administration on the orderly Development of the Export of Medical Materials (No. 5 of 2020) and the announcement of the Ministry of Commerce, the General Administration of Customs and the State Administration of Market Administration on further strengthening the quality Supervision of the Export of epidemic Prevention Materials (No. 12 of 2020), The export of new coronavirus detection reagents, medical masks, medical protective clothing, ventilators, infrared thermometers and non-medical masks should meet the relevant quality supervision requirements, and are not suitable for customs clearance facilitation measures such as simplified declaration under the market procurement trade mode.

Institutional point of view

Citic Construction Investment said that in terms of market evolution, on the eve of the blockbuster meeting, market expectations are relatively stable, market risk appetite will remain at a certain level, so the market may maintain the overall rebound situation. However, recently, some uncertain factors at home and abroad are also increasing, coupled with the technical pressure after the market rebound, if there is no new stimulus in the future, we need to guard against the possibility of short-term shocks. Market opportunities, it may still be the rotation of structural prices and hot spots, and will reflect a certain seesaw effect, in addition, on the basis of the previous liquidity easing expectations have been reflected, May may need to follow the policy drive and fundamentals to find the main line of investment. Before the meeting, the relevant policy orientation and possible hot spots are expected to continue to perform, and the fiscal policy in the second quarter is expected to increase the performance opportunities of the relevant sectors, but the short-term angle still needs to be careful to catch up with the operation of hot spots. Pay attention to grasp the market rotation, latent and other rotation and actively meet the high band is still the main strategy.

Zhongyuan Securities believes that in the future, if the stock index wants to effectively break through the 3000-point integer barrier, it not only needs strong policy support, but also needs the continuous amplification of trading volume and the continuous promotion of rising hot spots. Otherwise, it is more likely that the Prev will continue to build up momentum below 3000 points. We suggest that investors continue to pay attention to the changes of influencing factors at home and abroad.

Tianfeng Securities Research report pointed out that the current cautious optimism about the market, that the logic of domestic demand has experienced a wave of rise, some optional consumption can also pay attention to. In addition, the subject matter involved in overseas business is still cautious, waiting for the right to arrive. In addition, the recent market style switch faster, the current participation in science and technology performance-to-price ratio is not high, it is recommended to pay attention to the valuation is cheaper, the fundamentals are in the repair stage of the automobile plate.

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