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[stock market afternoon review] the index of the two markets fluctuated and weakened. Prev fell 0.44%. The agricultural sector was strong in early trading.
May 20,2020 11:38CST
translation
Source:SMM
The opening of the three major indices are mixed, after the opening of the market overall horizontal market shock, on the disk, lithium battery plate pulled up sharply, the overall money-making effect is general. Near the morning close, the index overall weak shock, on the disk, Internet celebrities plate repeatedly active, other concepts have fallen, the market earnings effect is poor, funds wait-and-see mood to improve. As of the morning close, the Prev index was down 0.45% at 2885.54 points; the Shenzhen Composite Index was down 0.60% at 10986.44 points; and the gem index was down 0.51% at 2133.09 points.
The content below was translated by Tencent automatically for reference.

SMM News: the opening of the three major indices are mixed, after the opening of the market overall horizontal market shock, on the disk, lithium battery plate pulled up sharply, the overall money-making effect is general. Near the morning close, the index overall weak shock, on the disk, Internet celebrities plate repeatedly active, other concepts have fallen, the market earnings effect is poor, funds wait-and-see mood to improve. As of the morning close, the Prev index was down 0.45% at 2885.54 points; the Shenzhen Composite Index was down 0.60% at 10986.44 points; and the gem index was down 0.51% at 2133.09 points.

Review of changes

Lithium battery plate is strong, Pu Tailai, wisdom Songdela rise limit, Enjie shares, Ningde era, Dangsheng technology and so on.

The whole vehicle plate changed to pull up, Jianghuai Automobile pulled up the contact plate, BYD, Lifan shares, BAIC Blue Valley, Zhongtong bus and so on rose.

The agricultural planting plate went higher unilaterally, the share of fragrant pear rose by the limit, the development of new farmers rose by 8%, and the shares of Xinsai, the public mushroom industry, and the Denghai seed industry rose.

The concept of photoresist rose sharply, Lanying equipment, Shanghai Xinyang both rose the limit, Jacques Technology rose 9%, Rongda photosensitive, Jingrui shares rose.

The economic plate of Internet celebrities changed, rising by the daily limit on Saturday, Yuan Longyatu up 8%, Tianchuang Fashion, Gravitation Media and so on.

The securities plate was pulled up, Huachuang Yangan rose 4%, while Tianfeng Securities, Bank of China Securities, CITIC Construction Investment, Nanjing Securities and so on rose.

Message surface

[Ministry of Industry and Information Technology: about 40% of foreign-funded enterprises have indicated that they will increase their investment in China in the near future.]

The Minister of Industry and Information Technology said that we should pay attention to the issue of the industrial chain, but we should not politicize it too much. I believe that all entrepreneurs will have a correct judgment and a correct choice. Perhaps a person will come up with a case to say that so-and-so products have been transferred from China to other countries, but there are also many foreign enterprises coming to invest in China every day. Recently, we conducted a survey, and about 40% of foreign-funded enterprises said that they would increase their investment in China in the near future.

[Ministry of Industry and Information Technology: vigorously promote the development of new industries and new forms of business]

Ministry of Industry and Information Technology: vigorously promote the development of new industries and new forms of business. We will actively promote the new generation of information technology support services for epidemic prevention and control and the resumption of work and production, and vigorously support technological innovation and industrial applications such as 5G, artificial intelligence, industrial Internet, Internet of things, vehicle Internet, big data, block chain, and so on. Distance education, telecommuting, online shopping and other forms of business are developing rapidly.

[Shanghai: financial subsidy of 4000 yuan for each new car with national sixth emission standard fuel]

The Shanghai Municipal Development and Reform Commission issued "some measures to promote Automobile consumption in this City": automobile sales enterprises registered in this city buy new fuel vehicles that meet the requirements of the sixth national emission standard, and the city gives a financial subsidy of 4000 yuan to each vehicle.

Institutional point of view

Guosheng Securities said that at present, the market is still dominated by the stock fund game, with a good number of daily limit boards, but it does not contribute much to the index. In the environment of loose monetary and fiscal policies, the policy tone of underpinning economic operation and the economic fundamentals of continuous repair support the short-term market. Under the condition of high-level shocks and intertwined multi-empty factors in the general environment, the market is still dominated by shock consolidation. In the short term, we can focus on the direction of the policy priorities of the two sessions. It is expected that it will focus on loose monetary policy and proactive fiscal policy, continue to promote economic transformation and upgrading led by new infrastructure, and firmly expand domestic demand.

Tianfeng Securities believes that although May-June is a performance vacuum, but performance is more important. In terms of specific configuration, the short-term quarterly dimension should report high-growth sectors in the layout, such as data centers, semiconductors, games, medical information, military industry, animal vaccines, construction machinery, garbage disposal, decorative building materials and so on.

Anxin Securities believes that in the next few months, the core of A shares is not to accurately grasp small fluctuations, but to ensure that the general trend of "recovery cattle" is grasped. The end of the "two sessions" will not be the end of the "recovery cow". It is expected that A shares will continue to benefit from the continued marginal improvement in liquidity, earnings and risk appetite, showing a volatile upward trend. If there is a short-term correction due to external disturbances, the market will actively pay attention to layout opportunities. In the near future, the industry focuses on: new energy vehicles, military industry, semiconductors, cloud computing, Internet, communications, securities firms, aviation, etc., focusing on autonomous control, satellite Internet, Hubei regional revitalization and so on.

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