Afternoon comment on A-shares： Shanghai Composite Index opened lower, and fell 1.42% for half a day. More than 5,000 stocks in the two cities fell.
The three A-share indexes collectively fell in early trading. As of midday, the Shanghai Composite Index fell by 1.42%, the Shenzhen Component Index by 1.56%, the Growth Enterprise Market Index by 1.16%, the Beizheng 50 Index by 3.23%, and the half-day turnover of Shanghai, Shenzhen and Beijing was 620.6 billion yuan, including 617.4 billion yuan in Shanghai and Shenzhen, which was 38.5 billion yuan higher than the previous day. More than 5,000 stocks in the two cities fell, and northbound funds sold 4.483 billion yuan in half a day.
In terms of plate theme, CSSC, Chinese prefix stock and banking plate were among the top gainers; Shell resources, hotels and restaurants, and reducer concepts were among the top losers.
On the disk, the Chinese prefix plate continued to be active, with () and () daily limit, and () rising by over 10%. Local changes occurred in the low-altitude economic sector, with the Suzhou-Shanghai Stock Exchange trading at a daily limit of 20cm, and rice information, (), () and so on rising. Micro-disk stocks continued to plummet, with more than 300 stocks in the two cities falling. ST plate continued its downward trend, with over 30 stocks such as (), (), () and () falling, while tourism and hotel stocks were among the top losers, while (), () and Emei Mountain A fell.
Plate analysis:
Straight flush hot stock list:
Transaction review:
At 09: 25, A shares opened, the Shanghai Composite Index opened 0.45% lower, the Shenzhen Component Index opened 0.61% lower and the Growth Enterprise Market Index opened 0.67% lower.
09:26 () opened 9.77% lower. wilson lee, the actual controller of the company, was sentenced to three years and ten months’ imprisonment for the crime of manipulating the securities market.
At 09:27, the hotel and tourism sector started to decline, () fell by nearly 9%, followed by (), (), (), Changbai Mountain and Zhangjiajie.
At the daily limit of 09:28 (), the company expects the net profit in the first quarter to increase by 32.86%–37.90% year-on-year.
At 09: 31, the opening of ST plate continued to plummet, with nearly 40 shares including (), (), ST Tongzhou, () and () falling.
At 09:32, the Chinese prefix stock fluctuated and rose, Zhonggong Hi-Tech hit the daily limit, and China Railway Assembly, (), (), () and () followed suit.
09:35 () Micro-cap stocks continued to fall, falling more than 6%, and more than 100 stocks in the two cities fell.
At 09:37, the concept of reducer fell, () stopped, () and () fell by more than 10%, (), () fell by more than 7%.
At 09:50, the North Stock Exchange 50 Index fell more than 2%, and 248 stocks in the North Stock Exchange exceeded 230 stocks.
At 09:50, the Shenzhen Component Index fell to 1%, the Shanghai Composite Index fell by 0.68%, and the Growth Enterprise Market Index fell by 1.08%. Hotel tourism, textiles and clothing, consumer electronics and automobile industry chain were among the top losers, and Shanghai, Shenzhen and Beijing fell by more than 4,800 stocks, of which nearly 700 stocks fell by over 9%.
At 09:53, the Shanghai Composite Index fell to 1%, the Shenzhen Component Index fell by 1.29%, the Growth Enterprise Market Index fell by 1.36%, and more than 4,900 stocks in the two cities fell, with hotel tourism, textiles and clothing, consumer electronics and automobile industry chain leading the way, among which nearly 1,100 stocks fell by over 9%.
At 09:57, the flush micro-cap stocks continued to weaken and fell by more than 9%, and nearly 300 stocks in the two cities fell.
10:00 According to the straight flush iFinD data, the turnover of Shanghai and Shenzhen stock markets reached 335.6 billion yuan within half an hour of opening.
At 10:12, the shell resource sector continued its decline, with (), (), (), (), (), () and other stocks falling.
At 10:20, the concept of low-altitude economy changed locally. () The daily limit of 20cm, rice information rose by over 9%, followed by Shenzhen Stock Exchange, CITIC Haizhi and ().
10:30 According to Xinhua Finance, Sheng Laiyun, deputy director of the National Bureau of Statistics, said at the press conference of the State Council Office on April 16 that in the next stage, China’s CPI will rebound moderately at a low level.
10:42 According to the straight flush iFinD data, up to now, the turnover of Shanghai and Shenzhen stock markets has exceeded 500 billion yuan, including 221.8 billion yuan in Shanghai stock market and 279.4 billion yuan in Shenzhen stock market.
At 10:50, according to the straight flush iFinD data, according to the balance scale, the net inflow of southbound funds has exceeded 5 billion yuan up to now, including 3.678 billion yuan from Hong Kong stocks connecting with Shanghai and 1.336 billion yuan from Hong Kong stocks connecting with Shenzhen.
News:
1. Tesla’s layoffs are said to be close to 20% in some departments.
Tesla’s layoffs are said to be close to 20% in some departments. (Sina Finance)
2. Japan plans to take anti-monopoly action against Google on search advertising.
According to the Nikkei News quoted by Cailian, Japan plans to take anti-monopoly action against Google on search advertising. Japan will force Google to voluntarily "reform" its own business practices. Earlier, Japan investigated the search advertising technology provided by Google to Yahoo.
3. Guotai Junan: Russian metal has been subjected to several rounds of sanctions, and the impact of this sanctions may be weak.
Guotai Junan Research Report said that since the "Russia-Ukraine conflict", countries such as Britain and the United States have been restricting the Russian metal market. In March 2023, the United States imposed a 200% tariff on aluminum produced in Russia and its processed products, and extended it to tax products using Russian aluminum; In December 2023, the United Kingdom introduced legislation that directly prohibited the import of Russian metals (including aluminum, copper and nickel). After the previous sanctions, the delivery channels of Russian metals have been diversified. On the other hand, referring to April 2018, when LME refused to accept aluminum ingots produced by Rusal as the delivery target, the export volume of Rusal decreased by about 70% compared with the monthly average in 2017, while in May 2018 it was higher than the monthly average in 2017 by 21%. Although LME plays a key role in global metal pricing, most metals are traded among miners, traders and manufacturers without entering LME warehouses. Therefore, being excluded from the deliverable brand of the futures exchange will not greatly weaken Russia’s ability to export related metals. Russian metals continue to flow to China, which may lead to loose supply of aluminum, copper and nickel, while overseas metals are in short supply. Domestic metal processing enterprises may benefit from lower costs and increased export demand.
4. After nearly three years, cannabidiol was mentioned again, and it was managed as a "medical instrument" product.
According to the Securities Times, recently, China Food and Drug Inspection Institute (hereinafter referred to as "the Central Inspection Institute") released the Summary of the First Classification and Definition Results of Medical Device Products in 2024. It is noteworthy that drugs containing cannabidiol have been re-included in the management category. According to the above documents, it is suggested that among the 10 products whose management attributes are defined according to the judgment procedure of pharmaceutical machinery combination products, the first one is nasal antiallergic gel, which contains cannabidiol. According to the document, cannabidiol is a pure natural component extracted from cannabis plants and has analgesic and anti-inflammatory effects. However, the above-mentioned documents also point out that the 10 suggestions are only preliminary suggestions according to the combination products of pharmaceutical machinery, and the determination of their specific management attributes needs to be determined according to the relevant requirements for defining the attributes of pharmaceutical machinery combination products.
5. () Net profit growth in the first quarter Morgan Stanley and Jefferies raised the company’s target price.
Contemporary Amperex Technology Co., Limited’s first-quarter net profit growth, the industry’s dominant position to resist the impact of weak car sales. After the performance, Morgan Stanley and Jefferies both slightly raised the target price of Contemporary Amperex Technology Co., Limited. Morgan Stanley analyst Jack Lu pointed out in the report that Contemporary Amperex Technology Co., Limited’s battery profit rate exceeded expectations, benefiting from improved sales mix and cost control, and is expected to continue to boost profitability; Raise the company’s target price by 4.5% to 230 yuan. Jefferies analyst Johnson Wan pointed out in the report that Contemporary Amperex Technology Co., Limited’s net profit after tax in the first quarter was 10.5 billion yuan, slightly exceeding market expectations; Reiterate the constructive views on the company, maintain the buy rating and slightly raise the target price to 245 yuan.
6. National Bureau of Statistics: In March, the sales price of new commercial housing in first-tier cities decreased by 0.1% from the previous month and 1.5% from the same period last year.
According to the data of the National Bureau of Statistics, in March, the sales price of new commercial housing in first-tier cities decreased by 1.5% year-on-year, and the decline rate was 0.5 percentage points higher than that of the previous month. Among them, Beijing and Shanghai increased by 0.8% and 4.3% respectively, while Guangzhou and Shenzhen both decreased by 5.5%. The sales price of new commercial housing in second-and third-tier cities decreased by 2.0% and 3.4% respectively year-on-year, and the decline rate was 0.9 and 0.7 percentage points higher than that of last month.
7. Year-on-year growth of 5.3%! Preliminary accounting shows that China’s GDP in the first quarter exceeded 29 trillion yuan.
According to Xinhua News Agency, the State Council Information Office held a press conference today (April 16th), inviting Sheng Laiyun, deputy director of the National Bureau of Statistics, to introduce China’s national economy in the first quarter of 2024. According to the data released at the meeting, according to preliminary accounting, the GDP in the first quarter was 296.299 billion yuan, up 5.3% year-on-year and 1.6% quarter-on-quarter over the previous year at constant prices. By industry: the added value of the primary industry was 1,153.8 billion yuan, up 3.3% year-on-year; The added value of the secondary industry was 10,984.6 billion yuan, an increase of 6.0%; The added value of the tertiary industry was 17,491.5 billion yuan, an increase of 5.0%.
8. National Bureau of Statistics: The total retail sales of social consumer goods increased by 3.1% in March.
According to the data of the National Bureau of Statistics, in March, the total retail sales of social consumer goods was 3,902 billion yuan, a year-on-year increase of 3.1%. Among them, the retail sales of consumer goods other than automobiles reached 3,496.8 billion yuan, an increase of 3.9%. From January to March, the total retail sales of social consumer goods reached 12,032.7 billion yuan, a year-on-year increase of 4.7%. Among them, the retail sales of consumer goods other than automobiles reached 10,916.3 billion yuan, an increase of 4.7%.
9. National Bureau of Statistics: From January to March, the national investment in fixed assets increased by 4.5%.
According to the data of the National Bureau of Statistics, from January to March, 2024, the national investment in fixed assets (excluding farmers) was 1,004.2 billion yuan, a year-on-year increase of 4.5% (in terms of comparable caliber, see Appendix 7 for details), and the growth rate was 0.3 percentage points faster than that in January and February. Among them, manufacturing investment increased by 9.9%, and the growth rate accelerated by 0.5 percentage points; Infrastructure investment (excluding electricity, heat, gas and water production and supply industries) increased by 6.5%, and the growth rate was accelerated by 0.2 percentage points. From the ring comparison, investment in fixed assets (excluding farmers) increased by 0.14% in March. From January to March 2024, private investment in fixed assets was 5,159.7 billion yuan, a year-on-year increase of 0.5%.
10. National Bureau of Statistics: From January to March, the sales area of new commercial housing decreased by 19.4% year-on-year.
Statistics from the National Bureau of Statistics show that from January to March, the national investment in real estate development was 2,208.2 billion yuan, a year-on-year decrease of 9.5% (calculated by comparable caliber); Among them, residential investment was 1,658.5 billion yuan, down by 10.5%. From January to March, the housing construction area of real estate development enterprises was 6,785.01 million square meters, down 11.1% year-on-year. Among them, the residential construction area was 4,745.8 million square meters, down by 11.7%. The newly started housing area was 172.83 million square meters, down by 27.8%. Among them, the newly started residential area was 125.34 million square meters, down by 28.7%. The completed housing area was 152.59 million square meters, down by 20.7%. Among them, the completed residential area was 111.48 million square meters, down by 21.9%. From January to March, the sales area of new commercial housing was 226.68 million square meters, down 19.4% year-on-year, of which the sales area of residential housing decreased by 23.4%. The sales volume of newly-built commercial housing was 2,135.5 billion yuan, down by 27.6%, of which residential sales decreased by 30.7%. At the end of March, the area of commercial housing for sale was 748.33 million square meters, a year-on-year increase of 15.6%. Among them, the residential area for sale increased by 23.9%.
11. The Shuibei version of the "Golden Robbery" was staged. The merchant said that an upstream material merchant "ran away" with hundreds of kilograms of gold payment.
According to science and technology innovation board Daily, this morning, it was reported on the Internet that some merchants in Shenzhen Shuibei "ran away" with hundreds of kilograms of gold. The reporter interviewed a number of water shellfish people and learned that the rumor is true, involving up to 200 million yuan, about 400 kilograms of gold value. A gold supplier of shellfish said that the "runner" was the upstream supplier, and the injured group was the downstream small counter merchants. Some shellfish suppliers were used to attracting counter merchants with prices lower than those in the venue (Shanghai Gold Exchange belongs to the venue), and there was often gambling behind it. Recently, the price of gold rose rapidly, which easily led to gambling failure.