China's A-shares start smoothly in May and the Shanghai index achieves "four consecutive rises"

　　China News Agency, Beijing, May 5 (Reporter Chen Kangliang) On the first trading day of May, China's A-shares started smoothly, and the major stock indexes rose and fell.

Among them, the representative Shanghai Composite Index had a "good start" on the 5th and ushered in a "four consecutive rises".

　　As of the close of the day, the Shanghai Composite Index reported 3,067 points, an increase of 0.68%, with a turnover of 409.4 billion yuan (RMB, the same below); the Shenzhen Component Index reported 11,046 points, an increase of 0.23%, and a turnover of 491.6 billion yuan; the ChiNext Index reported 2,288 points, down 1.33%.

　　Shen Zhengyang, an analyst at Northeast Securities, said that the overall performance of A-shares was stable that day, mainly because the previous market worries had eased.

The Fed's interest rate hike boots landed, and there was no aggressive interest rate hike. US stocks rose sharply overnight, providing a good external environment for A shares.

In addition, considering that the recent official policies to stabilize growth have been introduced one after another, the new crown pneumonia epidemic has gradually been brought under control, and market confidence is gradually recovering.

The decline of the GEM that day was mainly due to the drag of heavyweight stocks such as the Ningde era.

In the first quarter of CATL, the increase in revenue but not profit, and the sharp drop in gross profit margin resulted in a negative growth in net profit, which significantly restricted the confidence of market funds in it.

　　As the "first brother" of the market value of the GEM, CATL recently released its financial report for the first quarter of 2022.

The financial report shows that the total operating income of CATL in the first quarter was about 48.678 billion yuan, a year-on-year increase of 153.97%; the net profit attributable to shareholders of listed companies was about 1.493 billion yuan, a year-on-year decrease of 23.62%; after deducting non-recurring gains and losses, it was attributable to the listing. The net profit of the company's shareholders was 977 million yuan, a year-on-year decrease of more than 40%.

　　On the 5th, Ningde Times fell sharply at the opening, and its stock price fell by more than 13% during the session. Although it rebounded later, it still fell by more than 8% at the close, and its market value fell below the 900 billion yuan mark.

　　In response to the market outlook for May, Yan Xiang, an analyst at Founder Securities, believes that A-share "Red May" can be expected.

On the one hand, due to the previous adjustment, the current A-share valuation has dropped to the bottom.

On the other hand, the Politburo meeting of the Central Committee of the Communist Party of China held on April 29 released a very positive signal. It is expected that the follow-up policy of stabilizing growth will be significantly increased, including monetary, fiscal, and consumption promotion policies. The successive introduction is conducive to stabilizing market expectations and improving market confidence.

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