Today, there is an obvious differentiation between the size index, individual stocks rise more than fall, and the performance is active. The turnover of the two markets once again broke through trillion yuan. The Prev index turned red at the end of the day, and the gem index rose nearly 1%. The first batch of 9 mass entrepreneurship and innovation ETF officially opened today, the Kechuang 50 index rose 2.19% to reach a new high for the year, and 80% of the shares of Science and Technology Innovation Board floated red. Technology stocks continued to strengthen, Hongmeng concept, domestic software stocks rose, semiconductor chip industry chain continued to rise, many stocks rose more than 10%, lithium battery plate index hit a new high, military stocks strengthened throughout the day, nearly 20 stocks rose more than 10%. In addition, medical and beauty concept stocks rebounded, iron and steel, industrial Internet, automobiles rotated up, liquor, pigs, coal and other cycle plates weakened. On the market, Hongmeng concept, national defense military industry, large aircraft led the rise, coal concept, cement, airport shipping decline in the forefront.
As of the close, the Prev index rose 0.12% to close at 3529 points, the Shenzhen Composite Index rose 0.4% to close at 14641 points, and the gem index rose 0.97% to close at 3270 points.
Citic Construction Investment Securities pointed out that from an economic point of view, China's economy will decline steadily and slightly in the second half of 2021, commodity prices will fall, and the central bank will maintain a stable base money supply, reasonable and abundant liquidity, and stable interest rates on treasury bonds. The RMB exchange rate fluctuates in both directions, showing a periodic small devaluation. Therefore, in this economic state, the market remains calm and stable. From the perspective of industry comparison, growth stocks and long-term consumer stocks continue to dominate in the economic downturn. Optimistic about semiconductors, photovoltaic, new energy vehicles, computers and other long-term growth sectors, but also optimistic about food and beverages and other consumer sectors.
Guotai Junan has judged that it is difficult to buy a "gold pit" with thousands of dollars. In late May, the monarch strategy put forward the view that "the shock will not last long, and then it will be pulled up", and the point of view will remain unchanged. There was a certain adjustment in the market last week, especially the decline of large-cap stocks. Behind the withdrawal of funds, mainly out of "worry" and the risk aversion behavior. There are two core concerns: 1) overseas, vaccination is advancing rapidly, economic activity and employment indicators are strengthening, and the Fed's QE Taper is expected to rise. 2) on the domestic side, the overall economic data in May was not strong, supporting the export and real estate sectors of the post-epidemic economy, showing signs of weakening. In fact, the recent adjustment is more about the game behavior at the transaction level, and the performance of the mid-market style is stronger than that of the market. Looking back, although there is no obvious bright spot in molecular-side earnings, uncertainty gradually pushes down risk assessment, superimposing the possibility of a decline in risk-free interest rates, and pessimistic expectations are gradually revised. If the market continues to fall, there will be a rare "golden pit".
China International Capital Corporation said that as China is likely to be the first to enter the new post-epidemic normal in the second half of the year, the weak aggregate demand means that the market focus may shift from the current high focus on inflation to the sustainability of growth, against this background, the market style may continue to be biased towards growth. In particular, the resilience and competitiveness of China's manufacturing industry chain are being more recognized and verified, both in the field of science and technology hardware and software are seeking industrial autonomy, and the trend of structural upgrading of consumption is also continuing. the relevant high-boom growth industries are still the focus of the future structure, reiterating the view that the index is neutral as a whole but the structure is positive.
[hot stocks] Lithium Electric stocks continue to pull up Fulin Seiko up 15%, Yongtai Technology and other stocks rose by the limit.
[hot stocks] the iron and steel plate strengthens and the shares of Anshan Iron and Steel Company are up by the daily limit.
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