Financial Associated Press Afternoon

time:2023-01-28 15:59:34 source:clevelanddrifters.com author:Stock market
Financial Associated Press Afternoon

1. [Review of the morning session] The broader market bottomed out and rebounded in early trading. The three major indexes rose and fell, and the Shanghai index was relatively strong. On the disk, energy stocks rose collectively, led by the gas and coal sectors, and many stocks such as Shengli, Nanjing Utilities, and Hongtong Gas rose by their daily limit, and Yankuang Energy rose to a new record high. Track stocks rebounded, photovoltaic-related sectors strengthened, Maiwei shares rose by more than 15%, Sunrise Oriental, Zhenjiang shares and other daily limits, but most track stocks showed a trend of rising and falling. In addition, sectors such as electricity, real estate, and infrastructure were active in turn. On the downside, consumption-related sectors fell into adjustment. The satellite navigation sector opened higher and moved lower, with only 3D Communications and Bird shares advancing. In general, the number of stocks that rose and fell was basically the same. The half-day turnover of the Shanghai and Shenzhen stock markets reached 499.8 billion, an increase of 35.9 billion compared with the morning of the previous trading day. In terms of sectors, sectors such as gas, coal, ports, and solar thermal power generation were among the top gainers, while sectors such as food processing, pork, beer, and dairy were among the top losers. As of the close, the Shanghai Composite Index rose 0.1%, the Shenzhen Component Index fell 0.47%, and the ChiNext Index fell 0.09%. In terms of northbound funds, the Shanghai Stock Connect had a net outflow of 2.937 billion in the morning, and the Shenzhen Stock Connect had a net outflow of 3.451 billion in the morning. A total of 41 stocks in the two cities have the daily limit (excluding ST and new stocks that have not yet opened), 17 stocks have not closed the daily limit, and the closing rate of the two cities is 69%. There are 6 consecutive stocks in the two cities. Among them, the logistics stock Tianshun shares, the sodium-ion battery concept transmission technology technology, the satellite navigation concept stock Bird Co., Ltd. has a 3-joint board, the satellite navigation concept stock 3D Communication, the intelligent medical concept stock Innovation Medical, and the HJT concept land Lvkang Biochemical 2-joint board. On the news surface, as Gazprom stated that due to the discovery of multiple equipment failures, the "North Stream-1" natural gas pipeline will completely stop gas transmission until the fault is eliminated. Affected by this news, the European energy issue has once again aroused the general attention of the market. Today, the hot spot in the market revolves around energy stocks again. Naturally, the natural gas sector bears the brunt of the gains. Among them, Furui Special Equipment and Shouhua Gas rose by more than 10%. %, more than 10 stocks such as Changbao Co., Ltd., Shengli Co., Ltd., Nanjing Public Utilities, Hongtong Gas, and Delong Huineng reached the daily limit. Beixi-1 has been suspended since then. It is expected that the supply of Beixi pipeline will be reduced by 20.1 billion cubic meters from September to December 2022; the supply will be reduced by 61.1 billion cubic meters in 2023. It is still difficult to fill the vacancy of Russian exports in the short term. European natural gas prices It is expected to remain high. However, since natural gas experienced the long black decline last Tuesday and Wednesday, the original upward inertia was destroyed. From a technical point of view, the follow-up focus on whether the natural gas sector can complete the reverse trend. The coal sector also performed well. Among them, Yankuang Energy once again rose by more than 8% to a record high, and stocks such as Orchid Science and Technology, Liaoning Energy, China Shenhua, and Baotailong also rose. According to the news, since the special campaign to ensure the supply of thermal coal started in June, as of August 31, the National Railway has sent a total of 320 million tons of thermal coal, a year-on-year increase of 30%. With many European countries announcing the restart of coal-fired power plants, natural gas consumption is also expected to be replaced by coal, and Europe's global rush for coal may continue to push up overseas coal prices. Overall, the tight global coal supply pattern is difficult to reverse in the short term, and the industry boom will remain high. In addition to the steady growth in the interim report, CITIC Securities believes that the cost-effectiveness of the sector allocation is still there, and continues to recommend focusing on better performance, low valuation, and medium-term growth. Logic's leading company and a company transforming its new energy business. The new energy direction also benefits from this. Among them, the photovoltaic sector has ushered in certain repairs. Among them, Maiwei shares rose by more than 15%, and Sunrise Oriental, Zhenjiang shares, and Yujing shares rose by the daily limit. In the news, Maiwei shares signed a number of equipment procurement contracts with Anhui Huasheng. Anhui Huasheng plans to purchase 12 high-efficiency silicon heterojunction solar cell production lines from the company, with a total of 7.2GW. After the photovoltaic sector experienced a short-term continuous decline, there is a demand for technical repairs. Today, the positive news has stimulated the return of funds. However, it should be noted that most of the track stocks have experienced continuous consolidation last week, the medium-term bull trend has been significantly damaged, and there are obvious doubts about the chip structure. Therefore, today's rise is still regarded as a short-term rebound. should. In addition, infrastructure stocks soared during the session, Honglu Steel structure pulled up the sealing plate, and the Construction Research Institute, Beixin Road and Bridge, Longjian, China Haisum, Zhejiang Construction Investment, etc. all soared. Data from the National Bureau of Statistics showed that the construction industry maintained rapid expansion in August. The business activity index of the civil engineering and construction industry was 57.1%, and the new order index and business activity expectation index rose to 55.5% and 64.1% respectively, indicating that the construction of infrastructure projects maintained a relatively fast construction process, and the market demand continued to rebound. it is good. Stimulated by the news, the market hot spots in early trading today revolved around the main axis of the European energy crisis. Gas, coal, oil and other cyclical stocks led the two markets, and the direction of new energy also ushered in a certain repair. However, it should be noted that today’s morning trading again fell more and rose less. Among them, the weighted blue-chip represented by 50 again led the decline, while last Friday’s hot satellite navigation concept did not trend as expected today, and the sector again ushered in strong differentiation. The lack of market continuity has also failed to improve. From the perspective of the short-term market, both the number of connected stocks and the height of the market connected to the board have shown a downward trend, and the short-term popularity has also declined. In general, the current market still continues the weak consolidation pattern. Whether it is new themes or the continuation of the rebound of old hotspots, we need to continue to observe. Noon Daily Limit Analysis Figure 2. [Market News Focus] 1. Financial Associated Press reported on September 5 that the General Office of the People's Government of Guangdong Province issued "Several Measures for Further Promoting the Steady Growth of the Industrial Economy in Guangdong Province", which proposed that all localities should be encouraged to increase their efforts Actively carry out promotional activities for industrial products such as automobiles and consumer electronic products, and provide subsidies to consumers for purchasing qualified products by issuing consumer coupons. A series of consumer goods “Three Products” nationwide tours to Guangdong will be held with the theme of traditional advantageous products such as textiles and clothing, smart home appliances, and special commodities such as elderly products. The Internet marketing and live broadcast e-commerce industry will be included in the province's vocational skills training subsidy catalogue according to regulations, and e-commerce industry training will be actively carried out. Encourage localities to reward qualified high-quality live e-commerce service agencies. Encourage localities to actively deploy a number of characteristic demonstration application scenarios around new technologies, new industries, new formats, and new models, accelerate the application of innovative achievements, and promote large-scale development. 2. Caixin News on September 5th, the Caixin China General Service Industry Business Activity Index (Service Industry PMI) released today recorded 55.0, 0.5 percentage points lower than July and the second highest since June 2021 . The service sector continued its strong recovery since June, despite a slight dip in sentiment.

(Responsible editor:Aerospace stock)

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