China Singapore Jingwei, May 23 - On May 23, A-shares opened lower and moved lower, with the three major indexes falling more than 1%. Beizheng 50 rose sharply against the market, rising about 4% during the session.
As of the close, the Shanghai Stock Exchange Index fell 1.33% to 3116.39; The Shenzhen Composite Index fell 1.56% to 9541.64; The GEM index fell 1.38% to 1852.07. Beizheng 50 rose 1.68% to 803.59 points.
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On the panel, PEEK materials, marine equipment, ground uniforms and other sectors led the two cities; Precious metals, copper, metal zinc and other sectors led the decline.
Electromagnetic shielding concept stocks rose sharply, with trading limits for Longyang Electronics, Zhengye Technology, and Walter Shares. According to media reports, Nvidia GB200's demand and progress exceeded expectations, and its core increment was copper interconnection, that is, the use of high-frequency high-speed copper cables inside the rack for data interchange between GPUs to promote large model training and reasoning. However, copper cables are vulnerable to electromagnetic interference, so the importance of electromagnetic shielding is highlighted. Some people believe that the pull of AI server on electromagnetic shielding materials will bring huge increase, which is the core expectation difference of GB200 track and copper interconnection.
Individual stocks of Beijing Stock Exchange strengthened, and Aweit and Kaihua Materials rose by 30%. According to the research of Kaiyuan Securities, since March 2024, the liquidity of Beijing Stock Exchange has gradually entered the new normal position, and the average daily turnover rate has remained between the Science and Technology Innovation Board and the GEM, which also marks the end of the revaluation of Beijing Stock Exchange due to liquidity. From the perspective of style, in the last round of liquidity driven revaluation, small cap stocks and low profit stocks had the largest revaluation range, and the P/E ratio was at a high level. In the next step, the focus of the market may also shift from the small and medium-sized market capitalization style to the growth style.
As of the closing, the rise/fall ratio of all individual stocks traded in Shanghai and Shenzhen Stock Exchanges was 735:4578, with 37 up limit and 28 down limit.
In terms of individual stocks, the trading limit shares today are as follows: Chongqing Development (10.07%), Shanggong Shenbei (10.01%), Zhenghong Technology (10.00%), Zhejiang Construction Investment (10.00%), Yingli Shares (20.02%). The down limit shares are as follows: Zhengyuan Shares (-9.78%), Hainan Expressway (-10.02%), Lingnan Shares (-10.12%) and Liyuan Shares (-9.65%).
The top five stocks with turnover rate are Kent, Ruidi Zhiqu, Yingli, Siquan New Material and Kangpeng Technology, which are 67.655%, 65.182%, 63.612%, 52.892% and 52.616% respectively.
Lv Jia, an investment consultant of CSCI, believes that since the end of April, the index has effectively broken through the integer threshold of 3100 points. The subsequent market rotation is dominant, and it is difficult to focus funds. The subsequent transaction volume shrank, and the trading time was relatively long. We focused on the marginal change of the index breaking the expectation, and specifically on the further clarity of the current industry policy and macro data. It is recommended that investors grasp the characteristics of rotation and do not chase high in the short term.
Du Yifan, an investment adviser of Caitong Securities, believes that the weekly line of the Shanghai Stock Exchange Index is critical and the market capacity level is relatively reasonable, showing a certain degree of resilience. At present, the profit making effect is not obvious. It is suggested to focus on the profit taking of profit positions by holding shares until they rise. Pay attention to the closing status of the Shanghai Stock Exchange Index. There is pressure from 3150 to 3200 points above. At this stage, the market is likely to take a narrow range of shocks, and then there may be a new main line to drive the rebound. (Zhongxin Jingwei APP)
(The opinions in this article are for reference only, and do not constitute investment suggestions. Investment is risky, and you should be cautious when entering the market.)
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