Close comment: Shanghai Composite Index fell 0.2%, PEEK Materials sector led the rise, real estate sector led the decline

Source: Xinhua Finance

Xinhua Finance, Beijing, April 28 (Luo Hao) The three major stock indexes of the Shanghai and Shenzhen stock markets opened mixed on the 28th. The Shanghai Composite Index opened slightly lower, while the Shenzhen Component Index and the ChiNext Index opened slightly higher. After a slight decline at the beginning of the trading session, the Shanghai Composite Index rebounded. It fluctuated narrowly near the flat line during the session and closed slightly lower. The Shenzhen Component Index and the ChiNext Index, after declining, consolidated at relatively low levels.

On the market surface, the PEEK material sector led the gainers. Sectors such as steel, banking, and gaming also saw significant increases. Sectors such as real estate, hotel and catering, and home furnishings were among the top decliners. In terms of individual stocks, with the intensive disclosure of the first-quarter reports recently, the price changes of individual stocks were greatly affected by the financial reports.

At the close, the Shanghai Composite Index reported 3,288.41 points, down 0.20%, with a turnover of approximately 441.9 billion yuan; the Shenzhen Component Index reported 9,855.20 points, down 0.62%, with a turnover of approximately 614.5 billion yuan; the ChiNext Index reported 1,934.46 points, down 0.65%, with a turnover of approximately 263.1 billion yuan; the Sci-Tech Innovation Composite Index reported 1,158.84 points, down 0.22%, with a turnover of approximately 76.891 billion yuan; the Beijing Stock Exchange 50 Index reported 1,277.03 points, down 1.78%, with a turnover of approximately 20.63 billion yuan.

Institutional Views

Jufeng Investment Consulting: The market fluctuated on Monday, and the PEEK sector led the gainers. From a medium-term perspective, the upward trend of the market has not changed. The normalized mechanism of policy support and the structural layout of the funds to support the market are building a bottom support for the market. With the acceleration of the development of new real productive forces and the continuous implementation of domestic demand policies, technology tracks such as domestic computing power and semiconductors, as well as pro-cyclical sectors such as optional consumption and necessary consumption, still have long-term investment value.

GF Securities: Using technical analysis methods such as volume-price indicators, it modeled the market trading data and constructed a market reaction index, aiming to help judge how the fundamental expectations of each industry are actually reflected in the market and to what extent. According to the current situation indicated by the reaction index model, TMT and small-cap stocks have reached or are approaching the low point of the reaction index. Considering that the first-quarter reports are about to be finalized and combined with the progress of the AI industry, the technology style from May to June deserves key attention.

Guojin Securities: The chemical sector mainly focuses on three main lines: price increases, domestic demand support, and new materials. In the direction of price increases, on the one hand, continue to increase the capital allocation to the fluorine chemical sector with fundamental support. On the other hand, the continuous upward prices of chromate and some pesticide varieties have increased the attention of the sector. In terms of domestic demand, given the high uncertainty of overseas market demand currently, the degree of attention has been further enhanced, and the increase in positions in the corresponding civil explosive sector is also quite obvious. In terms of new materials, the attention to AI materials is relatively high, and high-frequency and high-speed resins are typical beneficiary varieties.

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