Ministry of Commerce: accelerate the implementation of the policy measures that have been introduced to promote consumption
National Energy Board: promote the construction of the smart grid to encourage the construction of a new generation of grid-friendly new energy power station
Market Review
Market Review: short-term upward pressure, the market will continue to oscillate trend
New stock tips?
1,? Kaidi shares, subscription code 707288, subscription price of 92.59 yuan;
2,? Zhongtai Securities, subscription code 730918, subscription price of 4.38 yuan;
Futures Intelligence
Metal Energy: Gold 397.32, up 0.55%; Copper 43,670, up 0.05%; rebar 3513, down 0.45%; Rubber 10,650, up 0.14%; PVC index 5850, down 0.85%; Zheng Alcohol 1726, down 0.52%; Shanghai Aluminum 12750, down 0.35%; Shanghai Nickel 102590, up 1.14%; Iron Ore 702, up 1.45%; Coke 1823.5, down 0.16%; Coking Coal 1161, up 0.69%; Crude Oil 283.5, down 0.84%;
Agricultural products: Soybean Oil 5444, down 0.07%; Corn 2025, down 1.12%; palm oil 4588, up 0.17%; cotton 11860, up 0.89%; Zheng wheat 2467, up 0.28%; sugar 4989, up 1.16%; apple 9109, down 0.60%;
Exchange rates: euro / U.S. dollar 1.0923 up 0.08%; U.S. dollar / Chinese yuan 7.1177, down 0.02%; USD/HKD 7.7509, down 0.01%.
(The above futures data from the Shanghai Futures Exchange, Dalian Commodity Exchange, Zhengzhou Commodity Exchange)Key recommendations
1, the Ministry of Commerce: to speed up the implementation of the policies and measures that have been put in place to promote consumer spending
Ministry of Commerce website on the 19th, Ministry of Commerce, the Ministry of Commerce, responsible for consumer spending to promote the Department of the Ministry of Commerce to introduce the 2020 January-April of China's consumption market operation situation, said that with the introduction of the consumer market, the consumer spending has increased. Consumer market operation, said that with the resumption of work and production gradually promoted, production and life order gradually returned to normal, domestic consumption will continue to maintain the momentum of steady recovery. The next step, the Ministry of Commerce will be in accordance with the CPC Central Committee, the State Council decision-making and deployment, in order to do a good job in the normalization of the epidemic prevention and control premise, to further accelerate the promotion of various types of shopping malls, markets and living services to resume business to resume the market, to speed up the implementation of the introduction of various policies and measures to promote consumption, and to actively promote the consumption of back to fill and the release of potential.
The person in charge said, January-April China's consumer market operation is mainly characterized by the following: First, the consumption decline further narrowed, the second is a further increase in online growth, the third is the key commodities sales further rebound, the fourth is the further warming up of the service consumption, and the fifth is the further decline in the rate of price increases.
Comment: With the gradual progress of the resumption of work and production, the order of production and life gradually returned to normal, domestic consumption will continue to maintain a steady momentum of recovery. The Ministry of Commerce to speed up the implementation of the introduction of various policies and measures to promote consumption, and actively promote consumption back to fill and potential release, will be the main business on the A-share market involves all kinds of consumer goods and all kinds of shopping malls, markets and life services consumption of companies constitute a good.
(Investment adviser? Cai Jin? Registered Investment Adviser Certificate No.: S0260611090020)
2, the National Energy Board: promote the construction of smart grid to encourage the construction of a new generation of grid-friendly new energy power station
National Energy Board on the "on the establishment of a sound long-term mechanism for clean energy consumption of the guiding opinions" for comments. Opinions put forward, continue to improve the main grid framework, strengthen the short board of grid construction, promote flexible DC, smart grid construction, give full play to the role of the grid consumption platform. Promote the development and application of large-capacity, high-security and reliable energy storage. Promote the participation of captive power plants, traditional high-energy-carrying industrial loads, industrial and commercial interruptible loads, electric vehicle charging networks and virtual power plants in system regulation. Encourage the construction of a new generation of grid-friendly new energy power plants, explore market-oriented business models, carry out integrated operation demonstrations of source, network and load, and provide certain capacity support and regulation capability for the power system by reasonably optimizing the ratios of wind power, photovoltaic and electric energy storage and system design, while guaranteeing the efficient consumption and utilization of new energy.
Comment: The opinion puts forward, continue to improve the main grid framework, strengthen the grid construction short board, promote flexible DC, smart grid construction, give full play to the role of the grid consumption platform. This will be good for the smart grid conceptual stocks, is expected to relevant stocks will have active performance opportunities in the short term.
(Investment adviser? Cai Jin? Registered Investment Adviser Certificate No.: S0260611090020)
Market Review
1, the market review: short-term upward there is still greater pressure, the market may continue the trend of shock
Tuesday the three major indexes collectively stronger, the Shanghai index close to the 2900-point mark, the SZSI and the GEM index rose more than 1 percent. The two cities combined turnover of 641.5 billion yuan, northward funds today net inflow of 4.918 billion yuan. Specifically, the Shanghai index closed up 0.81%, closing at 2898.58 points; SZCI rose 1.21%, closing at 11052.85 points; GEM index rose 1.38%, closing at 2144.12 points.
Tuesday's index opened slightly higher, led by the sharp rise in peripheral stock markets, and oscillated at a high level throughout the day. Volume decreased by nearly 90 billion yuan compared with yesterday. Overall, the weighted stocks opened high after the weak shock, limiting the market to expand upward space, technology stocks are strong, leading the market. As of the close of the chip plate index rose 3.3%, the semiconductor plate index rose 4%, the current technology stocks are still the main force of the market to do more, but the differentiation is large, leading science and technology stocks are expected to continue to perform. The SSE index closed close to 2900 points mark, the short-term market whether the city can continue to break through upward, relying solely on the active breakthrough of individual plates is difficult, pay attention to banks, insurance, brokerage and other heavyweights can be strong.
Market opportunities, with the convening of the two sessions, the market is expected to be weak range shock, shock range is expected to be between 2850-2950 points. It is expected that market opportunities are still concentrated in the food and beverage, brewing, medicine and health care, science and technology and other sectors, the market performance is dominated by plate rotation, the operation is recommended to continue to hold the consumer white horse, medicine and health care high-quality growth stocks, science and technology industry, large-capitalization leading science and technology stocks.
(Investment adviser? Yang Dong? Registered Investment Adviser Certificate No.: S0260615080007)
2, real estate development industry: all lines of the city turnover rebound, the central bank directional downgrade landing
One, two or three lines of the city turnover area of the collective rebound, the first line of the turnover area to return to the million. This week, one, two and three lines of new housing weekly turnover rose fully year-on-year, a year-on-year after two and a half months from negative to positive, weekly turnover basically restored to the pre-Chinese New Year's Day level, three lines of year-on-year decline also narrowed to single digits, weekly turnover reached 90% of the pre-Chinese New Year's Day level, the second line of weekly turnover to return to the pre-Chinese New Year's Day nearly 80% of the level. The central bank's decision early last month to make a targeted 1 percentage point cut in the reserve requirement ratio for rural credit unions, rural commercial banks, rural cooperative banks, village banks and urban commercial banks operating only within provincial administrative areas was fully implemented on May 15th. The cut*** released 400 billion yuan of long-term capital.
Commentary: the impact of the epidemic on the real estate market is receding, the central bank once again directed to reduce the quota, the market liquidity tends to improve, the cost of financing for real estate enterprises to reduce. Real estate plate valuation is still at a low level, it is recommended to pay attention to the leading real estate enterprises with abundant cash flow.
(Investment adviser Yang Dong?). Registered Investment Advisor Certificate No.: S0260615080007)