Special topic: the market maintains a cautious and optimistic state. Institutions are relatively optimistic about the market.
News of May 21FishinfrenzyfreespinsnodepositThe index was adjusted collectively in early trading, and the Beijing 50 index fell nearly 1%. In terms of the plate, the consumer electronics plate collectively rose, the AI PC concept led the rise, Yingli shares rose by the daily limit of 20cm, Siquan new materials rose by more than 10%; the concept of glass substrate was active, Hemingstar 20cm, Furi Electronics, Vogg photoelectric limit; the breeding plate rose rapidly in intraday trading, Zhenghong Technology touched the limit; the banking plate fluctuated and strengthened, and Shanghai Agricultural Commercial Bank was among the top gainers. In terms of decline, the non-ferrous plate collectively pulled back, Feinan Resources and Hunan Gold fell more than 7%; the defense and military industry plate fell, ST Ruike (rights protection) 20cm fell by the limit; oil and gas stocks weakened, and Tongyuan Oil fell more than 5%. Overall, individual stocks showed a general downward trend, falling more than 3900 stocks.
By lunchtime close, Prev was at 3158.FishinfrenzyfreespinsnodepositAt 03:00, it fell 0.41%; the Shenzhen Composite Index closed at 9696.17 points, down 0.56%; and the Chuangshi Index reported 1864.23 points, down 0.62%.
On the market, AI PC, real estate services, chicken plate led the rise, precious metals, large aircraft, national defense industry plate led the decline.
Hotspot plate:
1. Nonferrous
Xiaocheng Science and Technology, Hunan Baiyin, Sichuan Gold, Yintai Gold and other stocks are active.
On the news, on the 17th local time, the June gold price on the New York Mercantile Exchange was 2417.40 US dollars / ounce, an increase of 1.34%. Silver futures surged more than 6% in July to $31.775 an ounce, the highest level in nearly 11 years. The analysis points out that recently, global geopolitical conflicts have continued, market expectations of Fed interest rate cuts have risen, and under the influence of multiple factors, precious metals have become more attractive to investors and prices have risen. However, there are industry insiders remind that silver fundamentals have greater uncertainty, speculation speculation attribute is heavier. While the gold price is currently relatively high, if the external situation changes, there may be a large correction.
2. Tourism
Changbai Mountain, Xizang Tourism, Dalian Shengya, Emei Mountain An and other stocks strengthened.
On the news, the National Tourism Development Conference was held in Beijing on May 17, which is the first important meeting convened by the CPC Central Committee with the theme of tourism development.
Founder Securities pointed out that since 2023, the domestic tourism market demand has been hot and continued. During the May 1 holiday in 2024, the number of domestic outbound trips still achieved a year-on-year growth of 7.6% on a high base, an increase of 28% over 2019, and there is still a gap in passenger unit prices compared with 2019. Performance-to-price ratio is still the main tone of mass tourism consumption. In the medium and long term, the change in the mode of national asset allocation provides an economic basis for tourism consumption, consumers' pursuit of a sense of experience and mental pressure catalyzes tourism will, and the hierarchical demand of young, parent-child and silver-haired customers brings market increment. The innovative application of marketing methods provides drainage means, and the prosperity of the national tourism market is upward.
Message side:
1. [national Development and Reform Commission: speed up the trade-in of consumer goods to expand consumption of cars, home appliances, mobile phones and other goods and services such as culture and travel] Li Chao, spokesman of the National Development and Reform Commission, said at a news conference today that, on the whole, China's manufacturing industry will continue to resume development and optimize its structure. In the next step, the National Development and Reform Commission will continue to thoroughly implement the decisions and arrangements of the CPC Central Committee and the State Council, speed up the cultivation of new quality productive forces, and effectively improve the quality and efficiency of manufacturing development. Focus on the following aspects of work. In terms of expanding effective investment, we will implement ultra-long-term special treasury bonds to support the implementation of major national strategies and security capacity-building in key areas, and speed up the allocation of investment in the central budget and the issuance and use of local government special bonds. In terms of promoting domestic consumption, we will speed up the implementation of the policy of giving priority to employment, do everything possible to stabilize employment, increase income, and improve the consumption power of residents. We will speed up the trade-in of consumer goods, expand the consumption of cars, home appliances, mobile phones and other goods and services such as literature and travel, and step up efforts to cultivate new growth points such as new business type, a new consumption scene. At the same time, it is necessary to accelerate the transformation and upgrading of the manufacturing industry. Speed up the promotion of large-scale equipment renewal, in-depth implementation of the action plan to enhance the core competitiveness of the manufacturing industry, guide enterprises to apply advanced and applicable technological transformation and upgrading, and constantly enhance the high-end, intelligent and green level of the manufacturing industry.
2. [Tongyi Thousand ask GPT-4 main model price reduced 97% 1 yuan 2 million tokens] Aliyun announced that the Qwen-Long,API input price of Tongyi Thousand ask GPT-4 main force model dropped from 0.02 yuan / thousand tokens to 0.0005 yuan / thousand tokens, a direct drop of 97 percent. This means that one yuan can buy 2 million tokens, which is equivalent to the word volume of five Xinhua dictionaries. The model supports up to 10 million tokens long text input, which is about 1x400 of the GPT-4 price after the price reduction.
3. [the Hong Kong-Zhuhai-Macao Bridge has set a record of more than 10 million passengers this year] with the continuation of the upsurge of "two-way travel" between Hong Kong, Macao and the mainland, superimposed by a number of favorable customs clearance policies, such as "Hong Kong cars going northward", "Macao cars northward" and "flying through Pearl Port", the number of passengers entering and leaving Hong Kong-Zhuhai-Macao Bridge has continued to grow rapidly since the beginning of this year. According to data from the Hong Kong-Zhuhai-Macao Bridge Border Inspection Station, as of 09:40 on May 21 this year, the number of passengers entering and leaving the Zhuhai Highway Port of the Hong Kong-Zhuhai-Macao Bridge exceeded 10 million, an increase of more than 127.7 percent over the same period last year, and the target of exceeding 10 million passengers was achieved four months ahead of schedule than in 2023, setting a new record for the opening of the port.
4, [Zhengzhou April residential second-hand housing transactions a total of 9244 units with an average transaction price of 9646 yuan / square meter] Zhengzhou Housing Security and Real Estate Administration announced the sales of the real estate market in Zhengzhou in April. In April, Zhengzhou sold 5963 commercial housing units (rooms), with a sales area of 721400 square meters, with an average sales price of 11739 yuan per square meter, of which 5011 commercial housing units were sold, with a sales area of 601900 square meters, with an average sales price of 12264 yuan per square meter. A total of 9244 second-hand houses were sold in Zhengzhou, with a transaction area of 985700 square meters, with an average transaction price of 9646 yuan per square meter.
Institutional viewpoint:
Yinhe Securities Research News pointed out that as the normalization of the version number continues to be verified, new products are coming online one after another. At present, the supply side of the game industry tends to be stable, and the industry as a whole ushered in an upward cycle. The number of new games launched in the first quarter of 2024 increased slightly compared with the same period last year. In the second quarter and summer of 2024, a number of blockbuster new games have gradually launched tests / stalls, or accelerated the growth of the industry as a whole. It is recommended to focus on investment opportunities in two directions: 1) companies with relatively high revenue from overseas games business and may be less affected by policies. 2) Game companies with strong R & D strength, large R & D investment, rich reserves and sustainable development advantages.
Guosheng Securities believes that from a technical perspective, the Shanghai Composite Index opened higher and went higher on Monday, oscillating higher and leaving a strong gap. There is a high probability that it will continue to rebound in the short term. However, considering that cyclical indicators such as weekly and monthly lines have successively constructed peak deviations. Structure, there is a risk of retracing and covering the gap in the market outlook, and there is a high probability that it will rise and fall back this week. From a time cycle perspective, Wednesday may be the time window for the end of the rebound. Focus on changes in volume, energy and market sentiment. In the short term, focus on the resistance near 3200 points above the Shanghai Composite Index and the support near 3130 points below. Operationally, we must still control the overall position rotation and go long before the market effectively exerts efforts."High-dividend" high-performance central enterprises and real estate are expected to become the main driving force for the market rebound. Pay attention to the rebound opportunities of some military sectors and high-performance varieties reported in the first quarter.
