A-share midday review | The Growth Enterprise Index rose by 0.23%. Siasun Robot&Automation concept stocks strengthen, while real estate stocks are at the forefront of the decline.
19/11/2024
GMT Eight
mulationInvestors hesitated, uncertain, leading to slow bull market fluctuations.
translate from chinese to english:On November 19, the A-share market bottomed out and rebounded in the morning, with the ChiNext and the Shenzhen Component Index leading the way. By the close, the Shanghai Composite Index fell 0.39%, the Shenzhen Component Index fell 0.01%, and the ChiNext Index rose 0.23%.
On the market, stocks in the new energy sector such as photovoltaics and wind power rebounded, consumer electronics concepts rose, with Huawei smartphones leading the way. The Siasun Robot & Automation sector pushed higher, while the semiconductor and securities sectors led the gains. Weighted sectors such as companies starting with "Zhong", insurance, coal, oil and gas weakened, while cultural media, steel, and automotive sectors posted declines.
In terms of main funds, capital favored the communication equipment, automation equipment, photovoltaic equipment, and semiconductor industries, while capital flowed out of IT services, infrastructure construction, optical and optoelectronic industries, and coal mining industries.
Expectations for the future, Huatai pointed out that the market may be biased towards volatility in the short term, with the low point at the beginning of November still providing support. Investors should wait for stabilization in the US dollar, US Treasuries, and exchange rates, as well as the policy meeting in December.
EB SECURITIES: The Shanghai Composite Index shows signs of stabilizing first or continuing hot spot rotation
EB SECURITIES pointed out that the introduction of the "14 market value management measures" stimulates some undervalued stocks and blue-chip sectors to rise against the market on Monday. Looking ahead, although the market is generally falling, structurally speaking, funds have shifted from high-flying thematic sectors to undervalued blue chips, and there are signs of the Shanghai Composite Index stabilizing first. Market style may continue to rotate between hot spots.
Huatai: The market may be biased towards volatility in the short term, but the New Year market can still be expected
Huatai pointed out that the market may be biased towards volatility in the short term, with the low point in early November still providing support. Investors should watch as the US dollar, US Treasuries, and exchange rates stabilize and await the policy meeting in December. Buy the dips and look forward to the year-end market movements. In terms of strategy, due to the clear ebbs and flows in the market caused by investors' expectations of volatility, some sectors have appeared oversold. If market expectations improve in the future, the direction of previous oversold sectors may become significant. In the short term, pay attention to oversold sectors and policy benefiting sectors.
China Securities Co.,Ltd. Chen Guo: Funds hesitate and doubt, leading to slow bull market fluctuations
Chief strategy officer of China Securities Co.,Ltd., Chen Guo, stated in an article this morning, "In a market that has been persistently sluggish, and investors feel a sense of lack of real gains, even with a major turning point, discussing the resilience of investor attitudes is probably a luxury. Many funds inevitably have a mentality of fast in and out. Get used to it, it will change slowly. What I see, from a policy perspective to a fundamental perspective, step by step improving and progressing, funds hesitate and doubt, leading to slow bull market fluctuations."
Popular Sectors
1. Photovoltaic Sector Rebounds
Stocks in the photovoltaic sector rebounded in a volatile manner, with Risen Energy leading the way with 11 consecutive limit-up days. Other stocks, such as Csg Smart Science & Technology, Inner Mongolia OJing Science & Technology, Ningbo Techmation, Suzhou Good-ark Electronics, and Shanghai Hi-tech Control System, also hit the limit-up.
Commentary: A research report from Donghai Securities predicts that with policy support and industry self-regulation, the short-term photovoltaic industry is expected to recover orderly competition, and prices in the industry chain are expected to bottom out and rebound. In the medium to long term, with global energy transition and the cost reduction and efficiency improvement of photovoltaics, demand growth is expected to continue.
2. Consumer Electronics Concepts Rise
Consumer electronics concepts rose in a volatile manner, with Huawei smartphones leading the way. Stocks such as Risuntek Inc, Jiangsu Kuangshun Photosensitivity New-Material Stock, Guangdong Hoshion Industrial Aluminium, Suzhou K-Hiragawa Electronic Technology, and Dongguan Aohai Technology also hit the limit-up.
Commentary: On the news front, on November 18, the Huawei Mate 70 series announced that product reservations would begin at 12:08. Within the first 5 minutes of opening, more than 270,000 people had already made reservations. By 8:15 in the morning, the number of reservations had exceeded 2 million. China Securities Co.,Ltd. expects good sales performance for the Huawei Mate 70 series after its launch and suggests continued attention to the Huawei industrial chain.
3. Siasun Robot & Automation Sector Strengthens
Stocks in the Siasun Robot & Automation sector strengthened in a volatile manner, with Guangdong Dongfang Precision Science & Technology, Shanghai Tianyong Engineering, and Daheng New Epoch Technology, Inc. hitting the limit-up. Other stocks, such as Guangdong Topstar Technology, Wuxi Huadong Heavy Machinery, AFT, Jiangsu Beiren Smart Manufacturing Technology, SanFeng Intelligent Equipment Group, and Shenzhen Sunwin Intelligent, followed suit.
Commentary: On the news front, Minister of Industry and Information Technology Jin Zhuanglong published an article on the Qiu Shi website, titled "Further Comprehensive Deepening of Reforms in the Field of Industry and Information Technology To Inject Powerful Impetus into the Promotion of New Industrialization." It points out the need to vigorously develop humanoid simulation robots, intelligent logistics equipment, flexible manufacturing systems, and other areas to promote the expansion of intelligent manufacturing from high-end equipment to mid- to low-end equipment and accelerate the formation of a global intelligent equipment industry system.Asun Robot&Automation, brain-machine interface, 6G and other new fields and new tracks. CITIC Securities pointed out that China is expected to open up cost reduction space for humanoid Siasun Robot&Automation, helping its commercial production.This article is reprinted from "Tencent Self-selected Stocks"; GMTEight Editor: Wang Qiujia.