SMM5 March 28 News: morning trading index almost flat, and then shock stronger, Shencheng index, Chuangshi index quickly pulled up and stronger after touching the bottom. Furniture home improvement, automobile plate continued to be strong, and then, the three major indices rose and fell, Prev rose narrowed, the index continued to weaken after a brief red. On the market, securities firms, finance and other weight plates have strengthened one after another. Cement, liquor plate decline, photoresist plate continued to weaken. On the whole, the mood of money is back to mediocrity, and the effect of making money is declining. Near the close of the morning, the index continued to weaken, the three major indexes turned green across the board, and the creative index fell more than 2%. By the close of trading in the morning, Prev was down 0.35% at 2826.91 points; Shenzhen Index was at 10540.02 points, down 1.34%; and Chuangxin Index was at 2029.20 points, down 2.04%.
Review of changes
The concept of the dairy industry opened weaker, the new dairy industry fell 6%, and Sanyuan shares, Cody Dairy and Huangshi Group fell one after another.
The securities sector was active, with Caitong Securities up more than 3%, while Bank of China Securities, CIC Capital, Nanjing Securities and CITIC Construction Investment rose slightly.
The communications service plate has been pulled up, the radio and television network has touched the board, Hubei radio and television has risen by 7%, Guangxi radio and television, Guiguang network, auspicious TV media, Oriental Pearl, and so on have risen.
The whole vehicle plate is strong, Jianghuai Automobile and Jinlong Motor have risen by the daily limit, while Jiangling Motor, Zhongtong bus and Futian Motor have risen.
The concept of Internet finance is strong, Sony Finance is up by the daily limit, Hang Seng Electronics, Compass, Zhongtian Finance and so on.
The securities sector continued to strengthen, Caitong Securities rose by the daily limit, while Nanjing Securities, Bank of China Securities, Hongta Securities and Zheshang Securities rose.
The concept of liquor continued to strengthen, Yingjia tribute wine rose 9%, alcoholic liquor, Shanxi Fenjiu, willing wine industry, old white dry wine and so on rose.
Photoresist plate continued to decline, blue British equipment fell 8%, Rongda photosensitive fell 6%, Jacques Technology, Nanjing University Optoelectronics and so on fell.
Rare earth permanent magnet concept pull stronger, Yinglohua trading limit, Jinli permanent magnet, Jintian copper industry, Zhenghai magnetic materials and so on.
Message surface
[11 financial reform measures of the Financial Commission have all been involved in the gem registration system and the new third board transfer board]
Eleven financial reform measures were issued, setting the focus of financial market reform in the future. The 11 financial reform measures issued by the Office of the Financial Commission on May 27 are related to the reform plan for small and medium-sized banks, the gem reform and pilot registration system, the new three-board transition board, and the strengthening of administrative penalties for financial violations. According to the arrangements of the Office of the Financial Commission, these financial reform measures will be launched in the near future in accordance with the principle of "mature one launch one".
There is a high probability of five consecutive stops! Domestic oil prices are expected to continue to maintain the "5th era"]
At 24:00 on the 28th, the window for a new round of price adjustment of domestic oil products will open. Up to now, there have been four consecutive stops in domestic oil prices this year due to the "floor price" mechanism. The agency expects that the current round of high probability will still trigger the protection mechanism without adjustment.
[rumors of an affair with Guoxuan Hi-Tech and rumored acquisition of a 50% stake in Jianghuai highlight Volkswagen's electrification ambitions in China]
On May 27th, it was reported that Volkswagen Group was in the process of final negotiations on the acquisition of a 50% stake in Anhui Jianghuai Automobile Group holding Co., Ltd. (hereinafter referred to as Jianghuai Holdings), the parent company of Jianghuai Automobile (600418jinSH). The amount of the merger was not less than 3.5 billion yuan.
Institutional point of view
Guosheng Securities pointed out that the market volume can still maintain a low level, the future may still be dominated by shocks. In operation, it is still invested from the perspective of valuation in the short term, and the plate with low valuation has a higher margin of safety, which is worth paying attention to. 1. Real estate: the margin of safety of valuation is about 30%, which is seriously undervalued, and there are signs of marginal relaxation of policy, which is worth paying attention to; 2. Insurance: the latest PEV of the industry is 0.88, which is extremely low in history, which is worth paying attention to; 3. Brokers: the margin of security of valuation is very high, more than 20%, which is worth paying attention to; 4. The difference between the current dividend yield of airports, highways, electric power, railway transport and ports with high dividend yield and the ten-year treasury bond yield is about 2.38%, which is high relative to the historical level, which is worth paying attention to.
Citic Construction Investment said that the market is characterized by a weak market, and there is still a high probability of repeated shocks in the future. Under the background that macroeconomic uncertainties affect market risk preference, defensive sectors that just need to be supported are generally favored by market funds, and investors can focus on sectors with high performance certainty, such as agriculture, forestry, animal husbandry and fishing, food and beverages, and so on.
Northeast Securities pointed out that A shares are still dominated by concussion pattern, structural market and repeated rotation. In operation, they are not sad or happy, and tend to cover some positions when they fall sharply, and sell some moderately if the short-term index rebounds above the 20-day moving average.
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![Wider price spread between futures contracts drags down purchases; spot discounts in North China expand [SMM North China spot copper]](https://imgqn.smm.cn/usercenter/FERSF20251217171712.jpg)
