Sino-Singapore Jingwei client May 6th The Shanghai and Shenzhen stock markets opened lower on the first trading day in May. At the beginning of the session, the Shanghai stock index pulled up and narrowed down, and it turned red near midday. The Shenzhen Component Index performed strongly and turned up after 10 o'clock; the GEM Index rose more than 1%.
As of midday closing, the Shanghai Index reported 2862.50 points, an increase of 0.08%, and the volume of transactions was 183.593 billion yuan; the Shenzhen Component Index reported 10804.28 points, an increase of 0.77%, and the volume of transactions was 245.739 billion yuan; the GEM Index reported 2091.64 points, an increase of 1.07%; the Shanghai 50 Index At 2874.68 points, a decrease of 0.5%.
Shanghai Stock Exchange morning trend source: Wind
On the disk, the semiconductor sector led the rise in both markets, the science and technology board stocks Anji Technology daily limit, Zhaoyi Innovation, Changdian Technology daily limit, Nanda Optoelectronics, Weir shares, Shengong shares and other gains rose ahead. Rare metals, new metal and non-metal materials, planting industry, automobile and other sectors are active. Hotels, air transport, airports, shipping, catering and other sectors are among the top decliners.
In terms of concept stocks, photoresist, integrated circuits, gallium nitride, Huawei HiSilicon, etc. led the gains; BDI index, house leasing, Xi'an Free Trade Zone, shipping, tourism and other declines ranked first.
In terms of individual stocks, 2,484 individual stocks rose, of which 149 individual stocks such as Yasheng Group, Venture Capital, Tianjian Group rose more than 5%. 1152 stocks fell, among which 22 stocks such as Yingke Medical, ST Haoyuan and ST Qunxing fell more than 5%. In terms of turnover rate, a total of 11 stocks have a turnover rate of over 20%, of which Hua Shengchang has the highest turnover rate of 44.24%.
From the perspective of the north-south capital flow of Shanghai-Shenzhen-Hong Kong Stock Connect, as of press time, the net inflow of northbound funds was 2.223 billion yuan, of which the net outflow of Shanghai Stock Connect was 1.178 billion yuan, the balance of funds on the day was 53.178 billion yuan, and the net inflow of Shenzhen Stock Connect was 3.401 billion yuan. The balance is 48.599 billion yuan; the net inflow of southbound funds is 2.018 billion yuan, of which the net inflow of Shanghai-Hong Kong Stock Connect is 707 million yuan, the balance of funds on the day is 41.293 billion yuan, the net inflow of Shenzhen-Hong Kong Stock Connect is 1.311 billion yuan, and the balance of funds on the day is 40.689 billion yuan.
China Merchants Securities pointed out that although entering the May, A-shares faced the disturbance of external risks, but policy expectations, fundamental marginal improvement and ample liquidity are still expected to maintain resilience and move out of the trend of restraining and then rising.
In May, although the current domestic resumption of production was relatively smooth and the economy showed many signs of marginal improvement, the impact of the epidemic has not been eliminated, and domestic and external demand has been suppressed. The pressure for steady growth is still relatively large. The Politburo meeting on April 17 clearly proposed to increase the construction of traditional infrastructure and new-type infrastructure. It is expected to remain a hot topic in the two sessions in May, especially the "new infrastructure" is expected to introduce more Support policy. Domestic travel restrictions are gradually lifted, production and resumption of production in Europe and the United States are gradually opened, and the prohibition of footing is gradually canceled. Outbound consumption will gradually recover, focusing on airports, hotels, air transportation, and automobiles; the subject focuses on the general direction of automobile intelligence.
Yuekai Securities stated that under the turbulent global financial market situation, China's capital market as a whole operated steadily and its resilience was strong. At present, the overall valuation of A shares is still attractive. The listed company's performance risk is basically released, and market risk appetite is expected to increase.
The performance is low, and there is a marginal improvement expectation in the second quarter performance, superimposed policy blessings and a more relaxed liquidity environment. A-shares are long and cost-effective. Although the overseas market made waves again during the May Day holiday, the negative impact on A-shares was short-term, and adjustments provided opportunities for capital allocation; GEM refers to relatively more flexible, stacking registration reforms to optimize the market ecology, and is expected to take priority at this stage Benefit. (Sino-Singapore Jingwei app)
(The opinions in this article are for reference only, and do not constitute investment advice. Investment is risky and you need to be cautious when entering the market.)