SMM5 on June 29: the index opened low and went high, and the three major stock indexes all turned red. In terms of the plate, the communications plate led the rise, and the dairy sector rebounded sharply after the adjustment a few days ago. On the whole, the capital sentiment continues to pick up, the market atmosphere is more positive, and the money-making effect continues to pick up. Towards midday, the index continued to rise, with the index rising to 1.5 per cent at one point. On the disk, the Internet celebrity economy, tourism plate intraday pull up, dairy and other food processing plate warmed up, banking, insurance and other weight plate pullback shock. In the afternoon, the index continued to fluctuate. On the market, the concept of Hainan and Shanghai free trade zone changed slightly in the afternoon, while the media and communications sectors maintained high levels. On the whole, the transaction between the two cities has narrowed, the market sentiment is general, individual stocks rise more and fall less, and the money-making effect is general.

As of the close, the Prev index rose 0.22% to 2852.35 points, with a turnover of 233.799 billion yuan; the Shenzhen Composite Index rose 0.87% to 10746.08 points, with a turnover of 338.499 billion yuan; and the gem index rose 1.54% to 2086.67 points.

Plates and individual stocks

Lithium battery plate strengthened in early trading, Guoxuan Hi-Tech bid to seal the board, Tianqi lithium industry rose by the daily limit, Hangke Science and Technology rose more than 8%, Shanshan shares, China Baoan, Ya Hua Group, Ganfeng lithium industry and so on rose.

Today, the net inflow of main capital into the top ten

Review of changes

The concept of radio and television department opened higher, the limit of radio and television network rose, Hubei radio and television, Guangxi radio and television, Guiguang network and so on rose.

Online game plate changes pull up, Yaoji science and technology limit, Storm Group, Oriental Pearl, Jiayun Technology, Radio and Television Media and so on.

Jinri Toutiao concept stocks rose, the blue cursor rose in a straight line, Guangbo shares opened and sealed the board, Jiayun Technology, Meisheng Culture, Shengguang Group and so on followed the rise.

Dairy plate changed to pull up, Cody Dairy rose, Miaoke Lando, New Dairy, Manor Ranch, Yantang Dairy, Beinmei and so on rose.

Scenic spots and tourism plate pull strong, Caesar travel industry rose, China Television Media, China Travel Service, Tengbang International, Zhongxin Tourism and so on.

Airport shipping sector continued to rise, Baiyun Airport rose more than 5%, Shanghai Airport, Shenzhen Airport, HNA Holdings, Xiamen Airport and so on rose.

Rare earth permanent magnet plate pulled up, Yinglohua rose by the daily limit, China Color shares rose more than 4%, China Road shares, ST Chuangxing, China Baoan and so on rose.

Internet celebrity economic plate is strong, the world show, Maida digital, Yuanlong Yatu, China Road shares and so on nearly ten collective limit.

Kechuangban stocks rose, Ofu environmental protection rose by the daily limit, Qingyi Optoelectronics, Pumen Technology, and Bairen Medical all rose more than 10%.

The concept of photoresist has been pulled up, Jianghua has risen slightly, Jacques Technology has previously sealed the board, and the sensitivity of Shanghai Xinyang and Rongda has risen by more than 5%.

Agricultural planting changes pull up, Shennong science and technology sealing board, landing sea seed industry, Su Ken Nongfa, Tsuen Yin Hi-Tech, Nongfa seed industry and so on rose slightly.

The plate of the Shanghai Free Trade Zone has been pulled up, Shanghai's goods and trade has risen by the daily limit, Shanghai Airport has risen by more than 4%, and Changlian shares, China Trade Logistics, Shanghai Yashi, Anji Technology and so on have risen.

The port and shipping plate rose differently, Lianyungang increased by 7%, and Zhuhai Port, Yantian Port, Xiamen Port and so on rose.

Message surface

[the Ministry of Finance is stepping up efforts to formulate measures for the filing of accounting firms engaged in securities service business]

In order to further promote the "management and service" reform of the State Council, accounting firms engaged in the securities service industry have changed from qualification examination and approval to record management. The reporter learned from relevant departments that at present, the Ministry of Finance is working closely with relevant departments to formulate measures for the filing of accounting firms engaged in securities services, which will promote the formation of a market-oriented screening mechanism and make full use of existing rules and regulations. we will promote the formation of a scientific management pattern and earnestly promote the improvement of the quality of information disclosure in the capital market.

[Jianghuai Automobile: letter of intent signed by Anhui SASAC, Volkswagen China, JAC, etc.] JAC announced on the morning of the 29th that Anhui SASAC, Volkswagen China Investment, and JAC signed a letter of intent on increasing Capital to Anhui Jianghuai Automobile Group Holdings Co., Ltd. Volkswagen China Investment will acquire a 50% stake in the target company by capital increase before December 31, 2020 or such other date as otherwise agreed by the parties. After the capital increase is completed, Volkswagen China Investment will become a shareholder of the target company, holding a 50% stake in the target company, while Anhui SASAC holds a 50% stake and still controls the target company.

[the State Administration of Taxation clearly defines matters related to the postponement of the payment of income tax in 2020 for small and micro enterprises and individual industrial and commercial households]

From May 1, 2020 to December 31, 2020, small low-profit enterprises may suspend the payment of enterprise income tax for the current period after applying for advance payment in accordance with the regulations during the remaining reporting period in 2020, and the payment shall be postponed to the first reporting period in 2021. In the prepaid declaration, small low-profit enterprises can enjoy the deferred payment policy of small-scale low-profit enterprises by filling in the relevant lines of the prepaid tax return. (state Administration of Taxation)

[Ministry of Industry and Information Technology: strictly control new photovoltaic manufacturing projects that simply expand production capacity]

According to the Ministry of Industry and Information Technology on the 29th, the Electronic Information Department of the Ministry of Industry and Information Technology has organized and revised the Standard conditions of Photovoltaic Manufacturing Industry (2020 version), which is now open to the public for comments. The document pointed out that strictly control the new photovoltaic manufacturing projects that simply expand production capacity, and guide photovoltaic enterprises to strengthen technological innovation, improve product quality, and reduce production costs. In terms of power consumption of photovoltaic manufacturing projects, the reduction power consumption of new construction, reconstruction and expansion of polysilicon projects is less than 50 kWh / kg, and the comprehensive power consumption is less than 70 kWh / kg.

[the vice president of Huawei 6G revealed the direction of pre-research]

A few days ago, Yang Tao, vice president of Huawei's China operator Business Department, revealed when visiting the "5G everyone talk" column of Sina Technology that Huawei has participated in the pre-research work related to 6G, and has pre-studied 6G mainly in millimeter wave band. is in the stage of scene mining and technology search.

Institutional point of view

Citic Construction Investment said that the recent lack of new positive factors and a significant increase in short-term uncertainties are the main reasons for the adjustment of market shocks, and there is no sign of improvement in the situation, so we still need to be prepared to deal with market shocks. However, although the short-term lack of strong and favorable incentives makes the index weak, the tone of the "slow expansion" of the credit cycle and the expectation of sustained policy will limit the falling space of the future market to a certain extent. therefore, we still believe that the future market to maintain the overall shock pattern is still a high probability event, while paying attention to the relevant progress of the news side to further judge the direction choice. Market opportunities will still be dominated by structural market, and the characteristics of fast hot spot switching will still be maintained, investors also need to do a good job in the positive band to deal with.

Everbright Securities said that the probability of the market hitting a new low is low. From the perspective of valuation, the current market capitalization / M2 of A shares is 27.4%, and the historical valuation quantile is 38.3%, which is slightly underestimated. At the same time, there is no possibility of significant policy tightening in the near future, so the short-term correction caused by higher-than-expected factors means that the market performance-to-price ratio is further improved, and there is no need to worry too much.

Shenwan Hongyuan released the outlook for the development environment of the stock market in June, saying that in the verification of improving fundamentals, deepening reform can be expected. After experiencing a sharp contraction in economic activity in the first quarter, China's economic data improved in the second quarter, but the overall growth rate did not return to positive growth, and consumption and investment still grew negatively compared with the same period last year. It is expected that in the second quarter, policies such as re-loan rediscount and targeted reserve reduction in the first half of 2020 have fully guaranteed a good financing environment for physical enterprises and residents throughout the year. The focus of the policy in the second quarter is that the continuous transmission of early tools is effective, there is little need for further monetary easing, and the financial environment forms an obvious support for follow-up investment and enterprise production activities.

Ping an Securities believes that the A-share market will continue to maintain range shocks and have bottom support, reporting performance repair is an important concern of the market, short-term allocation recommendations pay attention to the domestic demand sector, medium-and long-term allocation of science and technology main line. The external market environment is mixed, but the inflow of foreign capital still forms a strong support to the A-share market.

Everbright Securities said that the probability of the market hitting a new low is low. From the perspective of valuation, the current market capitalization / M2 of A shares is 27.4%, and the historical valuation quantile is 38.3%, which is slightly underestimated. At the same time, there is no possibility of significant policy tightening in the near future, so the short-term correction caused by higher-than-expected factors means that the market performance-to-price ratio is further improved, and there is no need to worry too much.

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