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Wu Yongfang
A shares got off to a good start in May, with the Prev rising more than 1 per cent to stand firm at 3100 points, and the trading volume of the two markets exceeded Rmb1,000bn for four consecutive trading days. Hong Kong stocks rose in the afternoon, and the Hang Seng Technology Index rose nearly 1 per cent to break 4000 points.
Specifically, the stock indexes of the two cities opened high and rose sharply in intraday trading. As of the close, the Prev is up 1.Pokersoul.16% reported at 3140Pokersoul.72 points, the Shenzhen Composite Index rose 2% to 9779.21 points, the gem Index rose 1.98% to 1895.21 points, and the Shanghai 50 Index rose 1.28%. The total turnover between the two markets was 1.1025 trillion yuan, an increase of 71.9 billion yuan over the previous trading day. Northward funds actively scrambled to raise funds and bought 9.316 billion yuan net throughout the day.
In the two cities, more than 4500 shares floated red, chemical stocks broke out, Zhengdan shares reached an all-time high, United Chemistry, Haofan Biology, Polaroid and other stocks rose by the daily limit; alcohol stocks rose, alcoholic spirits rose by the limit, willing to increase the wine industry by more than 7%. Guizhou Moutai rose more than 3%, setting a new high for the year, and the market capitalization returned to the first place of A shares; food and beverage stocks also strengthened, Jindan Technology, Longyuan shares, New Dairy, Sobao protein, etc. The concept of synthetic biology continued to be active. Azure and Shengda organisms reaped 4 and 3 plates respectively. Chuanning biology rose more than 60% of the board in the past 3 days, and the St plate of ST Lunda, * ST Yinjiang (rights protection), ST pioneer and other shares fell by the daily limit of more than 60 shares.
The main index of Hong Kong stocks fluctuated in a narrow range in early trading and rose in the afternoon, with the Hang Seng Technology Index up more than 1% at one point. By the close, the Hang Seng Index was up 0.55% at 18578.3, and the Hang Seng Technology Index was up 0.92% at 4007.78. In terms of individual stocks, Xinyi Glass rose nearly 12%, Yao Ming Bio and ideal car rose more than 6%, Ctrip Group, Yao Ming Kant and Mengniu Dairy rose more than 3%, while Oriental selection, Xiaopeng Automobile and Ali Health fell by more than 3%.
The outbreak of chemical stocks
Chemical stocks broke out collectively today, with outstanding performances such as disperse dyes and polyurethane concepts. As of the close, United Chemical, Zhengdan shares, Haofan Biological, Polaroid, colorful Chemical (rights protection) and other trading, Huiyun Titanium Industry, Jundingda, Jiangtian Chemical, such as up more than 14%.
The concept of synthetic biology strengthened again. As of the close, Chuanning Biology, Boen Group, Shengda Biology, and Azure Biology all rose by the daily limit, garden biology rose by more than 12%, and Huaheng Biology and Jindawei rose by more than 6%.
The agency said that the performance of the chemical sector in the overall fundamentals is relatively weak.PokersoulUnder the background, the value style of seeking certainty and the thematic trend style have become the two main lines. With the continuous development of the relevant policy combination, there are signs that the demand side of some products whose prices are in the bottom grinding cycle are beginning to improve. It is suggested to pay attention to the pro-cyclical plate investment opportunities after the price risk is cleared.
Huaan Securities pointed out that in the context of energy restructuring, fossil-based materials may face subversive shocks in some parts, and low-energy-consuming products or industries are expected to get a longer growth window. For traditional chemical enterprises, the future competition lies in the cost of energy consumption and carbon tax. Excellent traditional chemical enterprises will make use of green energy alternatives, integration and large-scale advantages to reduce energy consumption costs, or new production capacity may be transferred to larger overseas markets, so as to achieve the goal of double reduction. At the same time, with the decline in the cost of bio-based materials and the breakthrough of bio-based materials of "non-grain" raw materials, bio-based materials are expected to usher in a period of explosive demand and a higher-than-expected boom track, which is expected to usher in a double improvement in valuation and performance in the future.
It is worth noting that Azure Biology has risen by the daily limit for four consecutive days, and the company recently issued a risk reminder that after self-examination, all the daily business activities of the company are normal, and no major adjustment has taken place in the market environment and industry policy. the internal production and operation order is normal, and the company's internal and external business environment has not changed significantly. At present, the company's stock price has risen a lot, so investors are invited to pay attention to the trading risks in the secondary market, make rational decisions and invest prudently.
Shengda Biological has gained three limit boards in nearly four trading days. The company pointed out in the announcement last night that after self-examination, the company's daily business activities are normal, the market environment and industry policies have not undergone major adjustments, and the internal production and operation order is normal. There is no significant information that should be disclosed but not disclosed. No media reports, market rumors or hot conceptual issues that may or have had an impact on the stock trading prices of listed companies have been found.
Chuanning Biology has increased by more than 60% in the past three trading days. The company recently pointed out in its announcement that combined with the daily operation of the company and the analysis of the internal and external production and operation environment, the fundamentals of the company have not changed significantly in the near future. at present, all the production and business activities of the company are normal.
Alcohol stocks are strong
Alcohol stocks rose strongly today. by the close, alcoholic liquor rose by the limit, willing the wine industry and Shui Jing Fang to rise by about 7%, and Tsing Tao Beer by more than 6%. Guizhou Moutai rose more than 3%, reaching a record high of 1765 yuan in intraday trading, with a new market capitalization of 2.2112 trillion yuan. The market capitalization returned to the first place in A shares.
In terms of the industry, the first quarterly reports of listed companies in 2024 have all been announced. Overall, the revenue of the food and beverage sector has accelerated in the first quarter.PokersoulThe reason is that, on the one hand, the Spring Festival time is mismatched, and most enterprises prepare goods in the first quarter of 2024; on the other hand, the industry is still in the stage of recovery, and some enterprises have stabilized and rebounded after 2023 adjustment. In addition, most commodity prices fell, and most corporate costs showed a downward trend, making a positive contribution to profits. The quarterly revenue of liquor enterprises is generally in line with expectations, and the profits of some enterprises are higher than expected.
Citic Construction Investment Securities said that in 2023 and the first quarter of 2024, leading liquor companies continued their strong performance, with good growth and stable cash flow, which confirmed each other with moving sales during the Spring Festival, once again highlighting the resilience of leading liquor companies. Liquor allocation opportunities highlight, strengthen the value of leading liquor enterprises, high-quality brand dynamic sales rate is obviously dominant, can also continue to increase market share through channel expansion, the annual growth is still good. In terms of valuation, wine companies are still at a low level in the past five years.
ST plate suffered a big setback.
ST fell against the market today, as of the close, ST Lunda, * ST Yinjiang, ST Pioneer, * ST Kaiyuan, * ST navigation and other more than 60 shares fell by the limit.
On the news side, on April 30, the Shanghai and Shenzhen exchanges officially issued the revised "Stock listing rules". It is worth noting that the revision of delisting standards in the stock listing rules further highlights the deterrence against financial fraud, internal control failure and other chaotic phenomena, and improves the omni-directional and three-dimensional crackdown system on violations of laws and regulations.
其中，在此前2年连续造假达到一定比例强制退市的基础上，新增1年严重造假、3年及以上连续造假的情形，新增资金占用以及内部控制被出具无法表示意见或否定意见等退市标准，释放“零容忍”信号。此外，本次退市标准的修订还收紧了财务类退市指标，加大绩差公司的退市力度；适当提高市值退市标准，推动市场化退市功能充分发挥作用。
