The three A-share indexes fell collectively today. At the close, the Shanghai Composite Index fell by 0.42%, the Shenzhen Component Index fell by 0.71%, the Growth Enterprise Market Index fell by 0.77%, and the Beizheng 50 Index fell by 1.18%. The turnover of Shanghai, Shenzhen and Beijing was 801.9 billion yuan, including 799.2 billion yuan in Shanghai and Shenzhen, which was 196.2 billion yuan higher than the previous day. More than 4,000 stocks in the two cities fell.
On the theme of the plate, AI PC, PET copper foil, real estate services, complete vehicles, pork breeding and optical optoelectronics were among the top gainers; Non-ferrous metals, civil explosion, low-altitude economy, national defense and military industry, quantum technology and oil and gas resources sectors were among the top losers.
On the disk, the gold and nonferrous metals sectors collectively pulled back, () fell more than 7%, and (), (), (), (), () and () all fell. The national defense and military sector maintained a downward trend all day, (1) it fell by over 10% in late trading, (2) it once stopped, and (3), (3) and (3) were among the top losers. The concept of AI PC went up against the market today, () the daily limit of 20cm, () Raytheon Technology rose by over 10%, and (), () and () rose. PET copper foil concept stocks were active today, with (), () and Sanfu new materials rising by more than 10%, and () and () closed the daily limit.
Plate analysis:
Straight flush hot stock list:
Transaction review:
At 09: 25, A shares opened, the Shanghai Composite Index opened 0.2% lower, the Shenzhen Component Index opened 0.3% lower and the Growth Enterprise Market Index opened 0.22% lower.
At 09:26 (), the limit price opened lower, and the floor was quickly staged on the last trading day.
At 09:27, the industrial metal plate opened higher, () the bidding was daily limit, () it opened higher by over 9%, (), (), (), () and so on.
At 09:28, the scenic spot tourism plate was adjusted, () opened lower by over 8%, and Zhangjiajie and Emei Mountain A, () and () opened lower in succession.
At 09:30, the optical optoelectronic plate was initially adjusted, () fell more than 10%, and many shares such as (), () and () opened lower.
At 09:31, the concept of low-altitude economy fell at the beginning of the session, () fell by more than 10%, () fell by more than 6%, and (), () and () followed.
At 09: 32, the concept of PET copper foil rose at the beginning, Wanshun new materials rose by over 14%, Vogel Optoelectronics and () rose by over 8%, and Fangbang shares and Dongwei Technology followed suit.
At 09:33, the real estate sector strengthened at the beginning of the session, with () daily limit, () rising over 9%, (), () and () rising.
At 09: 37, the concept of AIPC rose at the beginning, Yingli shares rose by over 15%, and Siquan New Materials rose by over 6%, followed by (), Hua Qin Technology and ().
At 09:38, the concept of online games strengthened, () rose by more than 7%, () rose by more than 6%, and () and () were among the top gainers. In the news, the State Press and Publication Administration released the approval information of domestic online games in May, and a total of 96 games were approved.
At 09:40 BC, the concept plate of battery initially surged, and Haimuxing rose by over 10%, followed by (), (), (), () and so on.
At 09:45, the dairy sector oscillated lower at the beginning of the session, () fell more than 9%, and (), (), () and () fell in succession.
At 09:51, the military sector oscillated and weakened, Leike defense hit a daily limit, Andaville and Hangxin Technology fell more than 7%, and (), Tianhe Defense and Aerospace Grand Plan followed suit.
At 09:53, the Hang Seng Technology Index fell to 2%, with oil and new energy vehicles leading the decline.
At 09:56, spot silver turned down in the day. It once rose more than 2% and is now reported at $31.67 per ounce.
At 09:56, the scenic spot tourism sector bottomed out, () hit the daily limit, () rose by more than 6%, and () and () turned red.
09:58 Spot silver fell 0.8 USD in the short term, and fell more than 1% in the day, and now it is reported at 31.35 USD/oz.
At 09:59, the concept of gold fluctuated and adjusted in early trading. Feinan resources fell by more than 6%, while Hunan Gold, (), Mankalong and Chifeng Gold fell by more than 4%.
At 10:03, the consumer electronics sector oscillated higher, () hit the daily limit, () rose more than 7%, and (), () and () followed.
At 10:14, the Hang Seng Technology Index fell more than 3% in the day, and the Hang Seng Index fell nearly 2%.
10:14 According to () iFinD data, according to the balance scale, up to now, the net inflow of southbound funds exceeds 4 billion yuan, of which the inflow of Hong Kong Stock Connect (Shanghai) exceeds 2.2 billion yuan, and the inflow of Hong Kong Stock Connect (Shenzhen) exceeds 1.7 billion yuan.
At 10:23, the optical optoelectronic sector was active repeatedly. Lehman Optoelectronics rose more than 10%, and fell more than 10% at the beginning of the session. Wufang Optoelectronics and Jingwei Huikai rose.
At 10:28, the auto parts sector oscillated lower in early trading, () fell more than 7%, () fell more than 5%, and (), () and () followed.
At 10:56, spot silver fluctuated downward, and the decline expanded to 2%. It once rose by 2% and is now reported at $31.09 per ounce.
At 11:03, pork stocks rose, () hit the daily limit, () rose by more than 5%, (), (), () and so on.
13:47 () Short-term rapid diving limit, turnover of over 200 million yuan.
At 13:51, the concept of copper cable high-speed connection continued to weaken in the afternoon, () fell more than 7%, () and () fell more than 4%, followed by Huafeng Technology and ().
At 14:18, the growth enterprise market index fell to 1%, and the concepts of precious metals, civil explosion and low-altitude economy were among the top losers. More than 4,300 stocks in the two cities fell.
At 14:20, the Hang Seng Technology Index fell by more than 4%, and the Hang Seng Index fell by 2.25%. Non-ferrous metals, new energy vehicles and innovative drugs were among the top losers.
At 14:39, Nanjing Chemical Fiber hit the daily limit at the end of the session and walked out of the ceiling, with a turnover of over 700 million yuan. The ceiling was staged on the last trading day.
News:
1. The competent media of the central bank quoted experts as saying: In the future, the focus of macro-policies should shift more to boosting consumer demand.
The central bank is in charge of the front page of the Financial Times. Experts said that the focus of macro-policy in the future should shift from increasing supply in the past to increasing consumer demand and promoting the balance between supply and demand. "The People’s Bank of China can adjust the’ main gate of money supply’, but the flow of funds such as deposits and loans mainly depends on the needs of different types of borrowers, and fiscal and other policies need to work together." Wen Bin, chief economist of Minsheng Bank, said that considering that the current money stock is not low, in addition to guiding the reasonable growth and balanced delivery of credit, efforts should be made to revitalize the existing financial resources, avoid the idling of funds, improve the output efficiency of credit resources, and accelerate the development of direct financing, and guide the financing structure to be more suitable for the transformation and upgrading of the economic structure, which is also the focus of the next step, so as to achieve reasonable growth in quantity and effective improvement in quality and meet the needs of high-quality economic development.
2. National Development and Reform Commission: All the funds related to the additional 1 trillion national debt issued last year have reached the local level.
The National Development and Reform Commission held a press conference in May. The spokesman said that the additional 1 trillion national debt issued last year was specially used to support post-disaster recovery and reconstruction in North China and other regions, focusing on Beijing, Tianjin and Hebei, and to enhance the capacity of disaster reduction and relief. The relevant funds have all been distributed to various places before February this year. (Yicai)
3. National Development and Reform Commission: Expand the consumption of goods such as automobiles, household appliances and mobile phones and services such as cultural tourism.
The National Development and Reform Commission held a press conference in May. The spokesman said that in promoting domestic consumption, the National Development and Reform Commission will speed up the implementation of the employment priority policy and do everything possible to stabilize employment, increase income and improve residents’ spending power. Accelerate the trade-in of consumer goods, expand the consumption of automobiles, home appliances, mobile phones and other commodities and services such as cultural tourism, and intensify efforts to cultivate new growth points such as creating new consumption scenarios and new formats. (Yicai)
4. The price of the GPT-4 main model of Tongyi Qianwen was reduced by 97%, with 1 yuan and 2 million tokens.
Alibaba Cloud announced Qwen-Long, the GPT-4 main model of Tongyi, and the input price of API dropped from 0.02 yuan/thousand tokens to 0.0005 yuan/thousand tokens, down 97%. This means that one dollar can buy 2 million tokens. This model supports up to 10 million tokens long text input, which is about 1/400 of the price of GPT-4 after price reduction.
5. Afternoon comment on A-shares: The Shanghai Composite Index oscillated and fell by 0.41%, and the non-ferrous metal cyclical stocks retreated.
The three major A-share indexes collectively fell in early trading. By midday, the Shanghai Composite Index fell by 0.41%, the Shenzhen Component Index by 0.56%, the Growth Enterprise Market Index by 0.62%, the Beizheng 50 Index by 0.95%, and the half-day turnover of Shanghai, Shenzhen and Beijing was 515.3 billion yuan, of which the Shanghai and Shenzhen stock markets were 513.6 billion yuan, a decrease of 141 billion yuan from the previous day. More than 3,900 stocks in the two cities fell. In terms of plate theme, AI PC, PET copper foil, pork breeding, scenic spot tourism and banking sectors were among the top gainers; Gold, non-ferrous metals, national defense and military industry, low-altitude economy and oil and gas resources sectors were among the top losers. On the disk, AI PC concept stocks rose in early trading, Yingli shares rose by 20cm, and Siquan new materials rose by more than 10%. In the news, at the Microsoft Build Developer Foresight Conference, Microsoft launched a new artificial intelligence computer called Copilot+PC, and described it as a new type of Windows PC. The concept of PET copper foil strengthened in early trading. Wanshun New Materials, Jingwei Huikai and Yuanchen Technology rose more than 10%, while Vogel Optoelectronics and Yinglian shares closed the daily limit. Gold stocks fluctuated and adjusted today. Hunan Gold and Chifeng Gold fell more than 6%, while Yintai Gold, (), () and () all fell. The performance of the national defense and military sector was sluggish in early trading, and Reko Defense once hit a limit, with Hangxin Technology, Stone Refining Aviation, Andaville and Tianhe Defense among the top losers.
6. Shanghai Stock Exchange: Immediately start the transaction verification for Nanjing Chemical Fiber.
The Shanghai Stock Exchange announced that on May 20, 2024, the stock price of Nanjing Chemical Fiber fluctuated greatly. The Shanghai Stock Exchange has paid attention to the relevant network information about the stock price trend on that day, and immediately started the transaction verification, and will take corresponding measures according to the verification results in a timely manner. The Shanghai Stock Exchange reminds investors to pay attention to investment risks and conduct transactions in compliance and prudence.
7. Bank of Wu Hanyou began to implement: the interest rate of the first home loan with the first down payment of 15% was reduced from 3.55% to 3.25%.
Today, Wu Hanyou real estate agent said that the first down payment in Wuhan is not less than 15%, and the second set is not less than 25%; The interest rate of the first home loan was reduced to 3.25%, and that of the second home loan was reduced to 3.35%. The reporter asked the personal loan departments of many banks in Wuhan, and some banks confirmed that the first down payment was 15% and the second down payment was 25%. At the same time, the interest rate of the first home loan dropped from 3.55% to 3.25%. The loan manager of a big bank said, "It was just transferred today". However, some banks’ personal loan departments said that they have not received the adjustment notice yet. (Cailian)
8. Relevant departments shall strictly investigate violations of structured bond issuance in private equity management business of securities fund institutions.
Relevant departments are comprehensively strengthening the supervision of securities fund operating institutions. The reporter learned that the supervision of the private equity management business of securities fund management institutions involved in structured bond issuance violations has handled 19 institutions and 90 employees, and related violations have been significantly reduced. According to the circular, the supervision will resolutely implement the spirit of the Central Financial Work Conference and the requirements of the new "National Nine Articles", comprehensively strengthen the supervision of securities fund operating institutions, and implement the "long teeth with thorns". All industrial institutions should focus on strengthening internal governance and cultural construction, strictly implement the requirements of laws and regulations, earnestly perform their active management duties, strictly prohibit participation in various alienated and deformed structured bond issuance behaviors, and firmly hold the bottom line of compliance and risk control. (CSI Taurus)
9. Baidu’s two main models announced free of charge.
The two main models of Baidu Wenxin model, ENIRE Speed and ENIRE Lite, are completely free and take effect immediately. (Baidu)