Author: Wu Yanrui.
On December 12, the Shanghai and Shenzhen stock markets diverged throughout the day, with the three major indexes rising and falling, and the Shanghai Composite Index returning to above 3,000 points. On the disk, the real estate sector rose sharply throughout the day, with Fuxing shares, CCCC Real Estate, and Dalong Real Estate rising to the limit. State-owned enterprise reform concept stocks strengthened in the afternoon, Nanjing state-owned stocks led the rise, Nanjing Business Travel, Nanjing Port daily limit. Education stocks are strong, and many stocks such as Guoxin Culture and China Hi-Tech have a daily limit. The performance of media and game stocks is differentiated, with cultural investment holdings, dragon version media, and reader media rising to the limit. **In terms of CPO concept stocks, the adjustment was made, and Tengjing Technology fell more than 5%.
Overall, there are more than 3,100 stocks in the whole market, and the turnover of the Shanghai and Shenzhen markets today is 787.5 billion yuan, a decrease of 124 billion yuan from the previous trading day. Northbound funds sold a net 50 throughout the day2.4 billion yuan, of which 18 were net sold through Shanghai-Hong Kong Stock Connect2.9 billion yuan, and the Shenzhen Stock Connect net sold 319.5 billion yuan.
In terms of sectors, education, real estate, ** retail and other sectors were among the top gainers, while lithography machines, BC batteries, CPOs, brain-computer interfaces and other sectors were among the top decliners.
As of **, the Shanghai Composite Index rose 04%, and the Shenzhen Component Index fell 008%, the GEM index fell 062%。
Sector:
The concept of multimodal AI is active, with Xinzhi Cognition, Yunding Technology, and Suzhou Keda successively rising to the limit, and AI concept stocks such as Zhiwei Intelligence, Guoxin Culture, Fangzhi Technology, China Hi-Tech, and Hanwang Technology are also sealed.
The Nanjing plate broke out, and the demon stock Nanjing Business Travel in the early stage rose again, and Nanjing Port, Nanjing Public, Huihong Group, Yinfei Storage, etc. collectively rose to the limit.
The real estate sector strengthened, Zhongdi Investment, CCCC Real Estate, Kexin Development, Dalong Real Estate, Fuxing shares rose by the limit, and Poly Development, which was boosted by repurchase and increased holdings, rose more than 7%.
The engineering construction sector was boosted, Shanghai Jianke rose by the limit, and Guangzi International, Huawei Design, and China Design Co., Ltd. rose sharply.
The shipbuilding sector is on the rise, China Shipbuilding Science and Technology has a daily limit, Guorui Technology, China Heavy Industry, China Shipbuilding Defense, and China Power have different degrees.
The commercial department store sector rose, Nanning Department Store rose by the limit, Chongqing Department Store, Guangbai Shares, Nanjing Xinbai, etc. followed up.
The concept of prefabricated dishes is active, Guanghong Holdings once rose to the limit, and Gaishi Food, Huifa Food, and Haixin Food have different degrees**.
The CPO concept led the decline, Xinyisheng fell by more than 4%, and Zhongji Innolight, Liante Technology, and Tianfu Communication performed sluggishly.
The concept of computing power weakened, Cambrian fell by more than 9%, and Loongson Zhongke, Haiguang Information, Hanwei Technology, Jingjiawei, and Runze Technology were all green.
Institutional Interpretation:
Northeast ** said that the market pattern is a bit similar to the second bottom, but it still needs to continue to wait for the continuous resonance of northbound funds and AH shares, and the resonance of A-share technology and white horse stocks. **The odds are higher and the winning rate is improved, mainly based on rolling operations and step-by-step;Pay attention to the year-end style changes, high-low rotation, the adjustment risk of the year-end closing effect of micro-cap stocks, and the momentum of the institution's year-end closing or net worth maintenance.
Huafu** analysis said that since late November, the excess returns of high-dividend sectors represented by coal and utilities have gradually expanded. In the short term, investors can continue to pay attention to the allocation value of high-dividend assets in the sector. From a medium to long-term perspective, the sector still has a certain investment cost performance.
Ping An ** believes that the market environment in 2024 may be similar to that in 2012-2013, one is reflected in the fact that market funds have also undergone two years of adjustment, and the other is that macro fundamentals are also in the stage of intertwined cycles. From the perspective of market characteristics, the equity market in 2012 is essentially the best market, the Shanghai Composite Index rose slightly, the small cap growth momentum, the annual rotation is fast, the Shanghai Stock Exchange 50 and Wind Micro Cap Index performed the best, and it is particularly important to grasp the style rotation and structural opportunities. The market in 2013 was essentially a bull market on the GEM, with the Shanghai Composite Index and the SSE 50 Index fine-tuned, the growth style on the upward trend and leading the whole year, and the smartphone industry chain emerged. Compared with 2024, we believe that with the further deepening of the transformation of macroeconomic fundamentals and the increasing number of new changes in emerging industry technologies, technological growth will continue to be the main style of the market. Structural opportunities in the market are increasing significantly in 2024. The first is the main line of technological growth, represented by the automotive and TMT industries, and Huawei's industry chain is expected to lead technological innovation and application iterationThe second is the main line of pharmaceutical growth, driven by innovative drugs, and the export chain has further opened up space.
This article is for informational purposes only and does not constitute investment advice, and you do so at your own risk).