The ChiNext rose by more than 1% in half a day, real estate collectively strengthened, Hengke Index rose by more than 2%, Horizon Robot rose by 7%, Treasury bond futures rose and fell inconsistently

Source: Wall Street Insights

On Friday, April 25, A-shares fluctuated and rose in the early trading. The ChiNext Index rose by more than 1% in half a day, the Shanghai Composite Index stood above the 3,300-point mark again, and stocks in the power and real estate sectors collectively strengthened. Hong Kong stocks opened higher and continued to rise. The Hang Seng Index's increase expanded to 1%, and the Hang Seng Technology Index once rose by more than 2%. Technology stocks and real estate stocks were active. Treasury bond futures showed mixed performance.

【11:35】

A-shares: As of the midday close, the Shanghai Composite Index stood above the 3,300-point mark again, rising by 0.15%. The Shenzhen Component Index rose by 0.87%, and the ChiNext Index rose by 1.07%.

On the market surface, there were more rising stocks than falling stocks, with over 3,800 stocks rising across the market. The half-day trading volume of the Shanghai and Shenzhen stock markets was 719 billion yuan, a decrease of 40 billion yuan compared to the previous trading day. In terms of sectors, real estate stocks rebounded collectively, consumer stocks such as tourism and retail were active, and pharmaceutical stocks underwent adjustments. Sectors such as petrochemicals, real estate, communication equipment, catering and tourism led the gains, while sectors such as banks and pharmaceuticals declined.

Among real estate stocks, Nanguo Real Estate Co., Ltd., Yukaifa Co., Ltd., and Dalong Real Estate Co., Ltd. hit the daily limit. Consumer stocks such as tourism and retail were active, and Tianfu Culture and Tourism Co., Ltd., Three Gorges Tourism Group Co., Ltd., and Central China Department Store Co., Ltd. hit the daily limit.

【11:07】

The ChiNext Index rose by more than 1%, the Shanghai Composite Index rose by 0.08%, and the Shenzhen Component Index rose by 0.80%. Real estate, power, tourism hotels, computing power and other sectors led the gains. There were nearly 3,700 rising stocks in the Shanghai, Shenzhen and Beijing stock markets.

The concept of computing power leasing continued to rise. Tuowei Information Co., Ltd. hit the daily limit. Previously, Hongbo Co., Ltd., Tianyu Digital Technology Co., Ltd. hit the daily limit, and Hongjing Technology Co., Ltd., Yunsaizhilian Co., Ltd., Maixinlin Technology Co., Ltd., Parallel Technology Co., Ltd., Tongniu Information Co., Ltd., and UCloud Technology Co., Ltd. all rose by more than 5%.

【11:11】

Hong Kong stocks continued to rise. The increase of the Hang Seng Technology Index expanded to 2%. Horizon Robotics, NIO Inc., and Lenovo Group Limited rose by more than 5%.

【10:23】

The increase of the Hang Seng Index in Hong Kong expanded to 1%. Real estate stocks rose. Longfor Group Holdings Limited rose by more than 7%, and China Resources Land Limited rose by more than 4%.

【10:05】

Real estate stocks in Hong Kong rose collectively. Golden Wheel Tiandi Holdings Co., Ltd. rose by more than 40%, Gemdale Commercial Properties Limited rose by nearly 20%, R&F Properties Limited rose by more than 10%, and Sunac China Holdings Limited rose by nearly 8%.

In terms of news, Citigroup analysts Griffin Chan and Cindy Li wrote in a report released on April 23: "We believe that now is a good time to accumulate positions in China's real estate industry within the next two years. Asset turnover and pricing will continue to improve, and ROE (return on equity) will also increase accordingly." The analysts said that after China's senior officials urged officials to step up efforts to cultivate the real estate market, they expect the high-level meeting at the end of April to bring "positive support." Although April is a slow season for new housing sales, given the previous positive housing replenishment, the outlook for June is optimistic.

Recently, various regions have introduced policies to boost consumption, all of which have included stabilizing the property market in the policy framework. Multiple departments such as the Qingdao Housing and Urban-Rural Development Bureau and the Qingdao Finance Bureau have issued documents such as the "Work Plan (Trial) for Implementing the 'Trading Old Houses for New Ones' in Qingdao to Promote Consumption in the Housing Sector" and the "Notice on Several Measures to Further Promote the Stable and Healthy Development of the Real Estate Market." The "Implementation Plan for Boosting Consumption in Guizhou Province (Draft for Soliciting Opinions)" announced by the Development and Reform Commission of Guizhou Province on April 18 mentioned optimizing the supply regulation of the real estate market.

Citic Securities believes that with the increase in external uncertainties, policies to expand domestic demand will gradually be intensified, and the real estate sector will be an important part of the policy framework for boosting consumption. Its importance is reflected not only in consumption directly or indirectly related to housing, but also in the significant impact of the housing price wealth effect on residents' income confidence and consumption willingness. It is expected that national policies will be introduced in April and May. Development enterprises with strong product capabilities and enterprises holding high-quality operating assets have investment value.

【09:59】

The Hang Seng China Mainland Real Estate Index rose by more than 2%.

【09:50】

A-shares: As of the time of writing. The Shanghai Composite Index fell by 0.06%, the Shenzhen Component Index rose by 0.11%, and the ChiNext Index rose by 0.24%.

In terms of sectors, the power sector was active in the early trading. Huayin Electric Power Co., Ltd. and Xichang Electric Power Co., Ltd. achieved two consecutive daily limits. Huadian Liaoning Energy Co., Ltd. hit the daily limit, and Jiuzhou Group Co., Ltd., Huadian Energy Co., Ltd., Chenzhou Electric International Co., Ltd., Leshan Electric Power Co., Ltd., etc. followed the rise.

In the early trading, the real estate sector rose rapidly. Nanguo Real Estate Co., Ltd. and Yukaifa Co., Ltd. hit the daily limit. Tianbao Infrastructure Co., Ltd. challenged the daily limit, and Wolong Real Estate Group Co., Ltd., 5i5j Real Estate Co., Ltd., and Worldunion Properties Consultancy Co., Ltd., etc. followed the rise.

Hong Kong stocks: As of the time of writing, the Hang Seng Index rose by 0.55%, and the Hang Seng Technology Index rose by 0.31%. Semiconductor stocks led the decline, and Hua Hong Semiconductor Limited fell by more than 7%.

【09:30】

Bond market: Treasury bond futures opened. The main contract of the 30-year bond rose by 0.05%, the main contract of the 10-year bond rose by 0.04%, the main contract of the 5-year bond fell by 0.01%, and the main contract of the 2-year bond rose by 0.01%.

Commodities: Commodity futures opened. The main contract of container shipping on the Europe route fell by more than 3%, and styrene and glass fell by more than 1%. Shanghai gold, Shanghai zinc, Shanghai tin, crude oil, palm oil, and LU fuel oil rose by more than 1%.

【09:20】

The Hang Seng Index opened 0.78% higher, and the Hang Seng Technology Index rose by 1.25%. NIO Inc. rose by more than 6%, NetEase, Inc. and Bilibili Inc. rose by more than 4%, and Alibaba Group Holding Limited, Baidu, Inc. and others rose by more than 2%.

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