A-share evaluation： the three major stock indexes all rose by more than 1%, and the real estate sector was heavy and positive, and the real estate sector lifted the daily limit! Over 4,000 shares rose
On May 17th, the index collectively strengthened in the afternoon, and the three major stock indexes all rose more than 1% in late trading. In terms of sectors, real estate stocks rose strongly, with special services reaching a daily limit of 20cm, while Rongan Real Estate (000517), gemdale (600383), Vanke A and other stocks surged. The low-altitude economy was strong in the afternoon, with the daily limit of 20 cm for Jiaokong Technology (688015), Shenglan Shares and Xinchen Technology (300542); The concept of carbon fiber followed up, with Andaville (300719) and Nanjing Julong (300644) rising by more than 10%, and Jilin Chemical Fiber (000420) closing the board at the daily limit. In terms of decline, the media game sector fluctuated at a low level, with Xinghui Entertainment (300043) and Xinhuadu (002264) leading the decline; Pharmaceutical stocks fell collectively, led by Sinopharm Hyundai and Taiji Group (600129); The home appliance sector continued to adjust, and Hongzhi Technology fell by 5%. Overall, individual stocks showed a general upward trend, with more than 4,000 stocks rising.
At the close, the Shanghai Composite Index reported 3154.03 points, up 1.01%; The Shenzhen Component Index reported 9709.42 points, up 1.10%; Chuangzhi reported 1864.94 points, up 1.12%.
On the disk, real estate development, general aviation and copper cable high-speed connection were among the top gainers, while precious metals, small household appliances and short play games were among the top losers.
Hot plate:
1. Real estate
Urban construction development, Vanke A, Airport Co., Ltd. (600463) (rights protection), City Investment Holdings (600649) and many other shares are active.
In the news, the People’s Bank of China and the State Financial Supervision and Administration Bureau announced today that the minimum down payment ratio for commercial personal housing loans for the first set of housing should be adjusted to not less than 15%, and that for commercial personal housing loans for the second set of housing should be adjusted to not less than 25%.
2, copper high-speed connection
Ruikeda, Shenyu (300563), Shenglan, Huamai Technology (603042) and other stocks strengthened.
In the news, Quanta, an electronics OEM, said that the server equipped with NVIDIA GB200 is expected to be mass-produced in September. The organization pointed out that GB200 adopted the high-speed copper cable scheme for the first time, and the current value of a single NVL72 copper cable is about 500,000.
News:
1、[Central Bank: The interest rate of individual housing provident fund loans will be lowered by 0.25 percentage points from May 18th]The People’s Bank of China issued a notice on lowering the interest rate of individual housing provident fund loans. Since May 18, 2024, the interest rate of individual housing provident fund loans has been lowered by 0.25 percentage point, and the interest rates of the first set of individual housing provident fund loans for less than five years (including five years) and more than five years have been adjusted to 2.35% and 2.85% respectively, and the interest rates of the second set of individual housing provident fund loans for less than five years (including five years) and more than five years have been adjusted to not less than 2.775% and respectively.
2、[Industry insiders say that Intel has stepped up orders for advanced packaging equipment and materials]According to industry sources, Intel has increased orders with a number of equipment and material suppliers to produce the next generation of advanced packaging based on glass substrate technology, which is expected to be put into mass production in 2030.
3、[EU initiated anti-dumping investigation against China tinplate. China has made a clear statement before]According to Reuters’s report on 16th, the European Commission initiated an anti-dumping investigation on tinned steel (commonly known as "tinplate") imported from China, in order to evaluate whether the products imported from China to the EU are sold at too low a price. China has repeatedly responded to the so-called dumping of "overcapacity" products by China to some western countries: this is naked trade protectionism, which is essentially because the countries concerned are worried about their competitiveness and market share, and use this as an excuse to discredit and suppress China.
4、[The issuance of Chengdu-Chongqing Comprehensive Transportation Standard System will accelerate the development of standards such as intelligent transportation, intelligent logistics and green low carbon]Recently, the Ministry of Transport, the General Administration of Market Supervision, Chongqing Municipality and Sichuan Province jointly issued the Chengdu-Chongqing Comprehensive Transportation Standard System to promote the high-quality development of comprehensive transportation in Chengdu-Chongqing area. The construction of standard system will be divided into two steps. The first step: By 2027, basically establish a standard system to promote the high-quality development of comprehensive transportation in Chengdu-Chongqing area. Step 2: By 2035, through continuous improvement and optimization, a more systematic, comprehensive, advanced, applicable, open and compatible standard system will be built.
Institutional point of view:
Honghan Investment said that in terms of index, the market oscillated with the trend of quantity and energy amplification after turning into the shock stage, which was reflected in the signs of increased activity of funds and the limited space for the expected decline of funds; In terms of structure, real estate is still the main direction of bulls, especially today, many large central enterprises’ construction companies are increasing in volume, which is also the inevitable trend of blue-chip coherence represented by China Special Appraisal. On the whole, there is not much room for market adjustment, waiting for the 20-day moving average to rise steadily. During this period, it is very likely to achieve a balance between long and short positions. Pay attention to the opportunity to buy on dips.
An value investment pointed out that after a continuous rapid upward trend, the current A-share market has entered a stage of technical adjustment and shock callback. In the context of the real estate sector soaring for two consecutive days, the market trading activity has increased today. Generally speaking, market sentiment is in a wait-and-see state, and the overall market turnover is shrinking. The negative growth of one-month social finance and the negative change of M1, as well as the United States’ tariff increase on China, have increased the market’s worries about uncertainty. Although it is difficult to expect the apparent data to change by leaps and bounds in the short term, the new social financing in the second and third quarters is expected to pick up marginally in the context of the acceleration of the issuance of special government bonds and fiscal expenditure, and the acceleration of government financing and real estate policies. The expected changes have reduced the uncertainty of the stock market. As the bond market shows signs of another shock correction, it may drive the stock market to fluctuate and rise in the future. In the direction, resources, information technology and medical care, which have experienced a long-term contraction in production capacity before, may have more opportunities.