On November 17, the three major market indexes collectively closed higher, of which the Shanghai Composite Index rose 0.44%, the Shenzhen Composite Index rose 0.67%, and the gem Index rose 0.81%. In terms of the plate, the new energy plate rose again on November 17, and the lithium plate rebounded and led the rise, driving the rise of the new energy vehicle industry chain, and wind power, photovoltaic and other new energy plates are also strong again. At the level of individual stocks, the two markets rose more and fell less on November 17th, with nearly 3300 up and only 1000 down.
In terms of capacity, the turnover between the two cities remained above trillion on November 17, breaking through the trillion mark for the 19th consecutive trading day. Northbound funds, November 17, a small net outflow of 238 million yuan, of which the Shanghai Stock Connect outflow 1.033 billion yuan, Shenzhen Stock Connect small inflow of 795 million yuan.
Recent northward capital inflows and outflows, data from WIND
After two consecutive trading days of adjustment, the new energy vehicle ETF (159806) finally stopped falling and stabilized on November 17th, rising 1.34% slightly. The rise of the new energy vehicle industry chain on November 17 was also driven by the news side. According to media reports, the chief executive of Lucid Group, the US electric car company, told the media yesterday that he planned to open factories in the Middle East and China around 2025. It is worth mentioning that the US electric car company, which currently ranks seventh in the world by market capitalization, plans to increase production to 20,000 vehicles by 2022 and plans to open a factory in China, which is good for the development of the domestic new energy vehicle industry chain.
Daily K chart of ETF for new energy vehicles, data from WIND
For the new energy vehicle industry chain, under the top-level design of the "carbon Dafeng Action Plan before 2030", the long-term prosperity continues to improve, but it should also be pointed out that the new energy vehicle sector has risen brightly in the past three years. Take the new energy vehicle index as an example, the annual increase of 45.51% in 19 years, 101.83% in 20 years, and 53.04% so far in 21 years. Behind the bright performance, the valuation of the Xineng car index has also risen, although it has fallen from its previous high, but the current PE valuation is still 114.73 times, at 80.17% of the historical quantile. High valuations need to be supported by high growth rate, and if the growth rate is lower than expected, the volatility of the market will also increase. Can continue to pay attention to the new energy car ETF (159806), need to guard against the risk of callback under high volatility, investment can be used to participate in batches.
The valuation of the new energy vehicle index, the data comes from WIND
The new energy sector represented by photovoltaic and wind power also performed well on November 17th, with photovoltaic 50ETF (159864) up 2.50% and carbon neutral 50ETF (159861) up 1.34%. The rise of the photovoltaic sector on November 17 was also driven by the news side. According to media reports, the 201 tariff exemption for imported double-sided solar panels was officially restored yesterday after US authorities rejected a request to investigate Asian solar panel manufacturers last week, and reduced the tariff rate of Article 201 from 18 per cent to 15 per cent. After these two changes, the additional duties previously imposed will be refunded to the relevant companies.
In addition, according to data, in September 2021, China's photovoltaic module exports increased by 18.3% compared with September last year. From January to September, the export volume rose by 23.2% compared with the same period last year. On the whole, the export situation this year is much higher than that of last year. The increase is mainly due to strong demand for components in Europe, where coal-fired power plants have been shut down this year, a decline in traditional power supply and an increase in demand for new energy generation, especially photovoltaic. The total amount of components imported from China in the whole of Europe in September was 136% higher than that at the beginning of the year. Coupled with the resumption of immunity by the relevant departments of the United States, it will also further strengthen the global competitiveness of domestic photovoltaic enterprises, which is conducive to photovoltaic going out to sea.
Follow-up can also continue to focus on photovoltaic 50ETF (159864) and carbon neutralization 50ETF (159861). However, it is also worth noting that the overall valuation of the photovoltaic sector is also relatively high, and we also need to guard against the market risks brought about by high fluctuations.
Risk hint
Investors should fully understand the difference between regular fixed investment and zero deposit and lump sum withdrawal of the fund. Regular quota investment is a simple and easy way to guide investors to make long-term investment and average investment cost. However, regular quota investment can not avoid the inherent risks of fund investment, can not guarantee the return of investors, nor is it an equivalent way of financial management instead of savings.
No matter the stock ETF/LOF/ graded funds belong to the securities investment funds with higher expected risk and expected return, their expected return and expected risk level are higher than those of mixed funds, bond funds and money market funds.
Fund assets invested in Science and Technology Innovation Board and gem stocks will face unique risks caused by differences in investment targets, market systems and trading rules, which should be brought to the attention of investors.
The short-term rise and fall of the plate / fund is only used as an auxiliary material for the analysis of the article, is for reference only, and does not constitute a guarantee for the performance of the fund.
The short-term performance of individual stocks mentioned in this article is for reference only and does not constitute a stock recommendation, nor does it constitute the prediction and guarantee of the performance of the fund.
The above views are for reference only and do not constitute investment advice or commitment. If you need to buy relevant fund products, please pay attention to the relevant regulations on investor appropriateness management, do the risk assessment in advance, and buy the fund products that match the risk level according to your own risk tolerance. The fund has risks and needs to be invested with caution.
