Sino-Singapore Jingwei Client, May 17th. On the 17th, the Shanghai and Shenzhen stock markets opened slightly higher and fluctuated upward. The Shanghai Index rose more than 1% at 3,500 points, and the ChiNext rose nearly 3%. After that, the high level maintained consolidation.

The overall performance of the subject matter was weak, brokerage stocks continued to decline, and over 2,800 shares in the two cities fell.

　　As of the close, the Shanghai Index reported 3517.62 points, an increase of 0.78%, with a turnover of 424.477 billion yuan; the Shenzhen Component Index reported 14456.54 points, an increase of 1.74%, with a turnover of 505.568 billion yuan; the Growth Enterprise Market Index reported 3112.74 points, an increase of 2.6%.

The turnover of the two cities is nearly 1 trillion.

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　　On the disk, sectors such as shipping, forestry, medical services, rare metals, and automobiles led the gains; sectors such as garden engineering, scenic spots, other delivery equipment, general retail, and textile manufacturing were among the top decliners.

　　In terms of individual stocks, 1,315 individual stocks rose, including Sinoma International, Yizumi, Pingtan Development and other stocks rose more than 5%.

2,891 stocks fell, of which Hua Pengfei, Bai Da Group, Huaguang Huaneng and other stocks fell more than 5%.

　　In terms of turnover rate, a total of 50 stocks have a turnover rate of more than 20%. Among them, N Rui Ang has the highest turnover rate, reaching 83.4%.

　　In terms of capital flow, the top five major flows of industry sectors are brokerages, automobiles, beverage manufacturing, chemical products, and computer applications, and the top five flows out of securities firms, automobiles, computer applications, real estate development, and food processing.

The top five stocks with major inflows are Zheshang Securities, Changan Automobile, COSCO Holdings, Huayou Cobalt, Wuliangye, and the top five stocks with outflows are Changan Automobile, BAIC Blue Valley, CITIC Securities, Fosun Pharmaceutical, and Changan. Shan Beiming.

　　As of the last trading day, the Shanghai Stock Exchange’s financing balance was reported at 804.801 billion yuan, a decrease of 428 million yuan from the previous trading day. The securities lending balance was reported at 94.272 billion yuan, an increase of 2.054 billion yuan from the previous trading day; the Shenzhen Stock Exchange’s financing balance was reported at 717.868 billion yuan. , An increase of 1.006 billion yuan from the previous trading day, and the securities lending balance reported 58.836 billion yuan, an increase of 1.637 billion yuan from the previous trading day.

The balance of margin trading and securities lending in the two cities totaled 1,675.776 billion yuan, an increase of 4.269 billion yuan from the previous trading day.

　　From the perspective of the north-south capital flow of the Shanghai-Shenzhen-Hong Kong Stock Connect, as of press time, the net inflow of northbound capital is 4.622 billion yuan, of which the net inflow of Shanghai Stock Connect is 3.266 billion yuan, the balance of funds on the day is 48.734 billion yuan, and the net inflow of Shenzhen Stock Connect is 1.356 billion yuan. The balance was 50.644 billion yuan; the net inflow of southbound funds was 8.03 billion yuan, of which the Shanghai-Hong Kong Stock Connect net inflow was 3.336 billion yuan, the day’s fund balance was 38.664 billion yuan, the Shenzhen-Hong Kong Stock Connect net inflow was 4.694 billion yuan, and the day’s fund balance was 37.306 billion yuan.

　　Galaxy Securities believes that, from the perspective of the market outlook, there is still a gap between supply and demand for resource products, and the short-term price increase momentum is weakening, but it is still hard to say the top.

The market may continue to fluctuate.

Suggested configuration: 1. Vaccines, CXO, medical services, liquor, cloud computing and other weak-cycle industries with strong long-term logic; 2. Sectors that benefit from the upward global economic cycle and significantly improve the supply and demand pattern, such as coal (the summer is the peak season), copper Aluminum, chemicals, shipping and other sectors; 3. Industries that benefit from carbon neutrality and carbon peaks, new energy vehicles, photovoltaics, and resource products that are shrinking in supply.

　　Huajin Securities recommends: rebalance the style and control the margin of safety.

1) Combining industry quarterly report performance and valuation location, it is recommended to pay attention to mining, electronics, steel, non-ferrous metals, building materials, building decoration, etc. with relatively outstanding valuation performance; 2) It is recommended to appropriately add banks and light companies with relatively low absolute valuations. Industry, public utilities and other defensive products; 3) Approaching June, the nationwide carbon emissions trading market will soon be opened, and it is recommended to pay attention to thematic sectors such as carbon neutrality.

(Zhongxin Jingwei APP)

(The opinions in the article are for reference only and do not constitute investment advice. Investment is risky and you need to be cautious when entering the market.)