On May 27, the main A-share index fluctuated and weakened in early trading today and pulled up at the end of the session; by the close, the Shanghai index rose 1.14% to 3124 points, the Shenzhen Stock Exchange Index rose 0.88%, and the GEM index rose 0.68%. Nearly 3,400 shares rose, and traded 774.8 billion yuan throughout the day.
On the market, the electronic chemicals sector soared in the afternoon, and many stocks such as Yangfan New Materials rose and stopped; the third phase of the National Fund was established; the semiconductor sector strengthened across the board in the afternoon, leading the way in the direction of SMIC concepts and memory chips, etc.; lithography machines and photoresist concepts boosted; and sectors such as virtual power plants, UHV, and shipping ports registered the highest gains. The photovoltaic equipment sector declined, the chicken concept declined, and sectors such as HIT batteries, smart TVs, and aquaculture registered the highest declines.
Let's take a look specifically:
Semiconductor stocks rebounded sharply. Jingyi Equipment and Longxin Zhongke rose more than 12%, Broadcom integrated rose and stopped, and SMIC, Beifang Huachuang, and Lanqi Technology rose more than 5%. According to the news, the Tianyancha App shows that the third phase of the National Capital Fund was established, with a registered capital of RMB 344 billion. Huaxin Securities believes that in addition to continuing support for semiconductor equipment and materials, the third phase of the Big Fund is more likely to list high-value-added DRAM chips such as HBM as key investment targets.
Concept stocks of lithography machines and photoresist surged, while Lan Ying Equipment and Zhangjiang Hi-Tech rose and stopped, and Wavelength Optoelectronics and Maolai Optics rose more than 12%. Today's boom in the sector also benefited from the news that the third phase of the National Big Fund has been launched. The investment of the National Integrated Circuit Industry Investment Fund (NIC) covers all aspects of the semiconductor industry chain, including design, manufacturing, packaging testing, equipment and materials. The investment of the Big Fund has promoted the upgrading of the semiconductor industry and supported the transformation from low-end to high-end, especially in advanced process technology and high-end equipment manufacturing.
Shipping ports had the highest gains, with Phoenix Shipping rising and stopping, COSCO Maritime Control's Zhang Chao 6%, and Xingtong Co., Ltd. and Ningbo Ocean rising more than 4%. According to the news, the Houthis in Yemen once again attacked 3 ships doing business with Israel last Friday. The Red Sea crisis continues to increase capacity constraints, and shipping market prices are soaring.
The Internet e-commerce concept soared to the top, with Xinxindar, Xinghui, and Kaichun shares rising and falling. According to the news, recently, the Executive Meeting of the State Council reviewed and approved the “Opinions on Expanding Cross-border E-commerce Exports and Promoting Overseas Warehouse Construction” (hereinafter referred to as the “Opinions”). The conference pointed out that developing new forms of foreign trade, such as cross-border e-commerce and overseas warehouses, is conducive to promoting the optimization of foreign trade structure and scale stability, and to creating new advantages in international economic cooperation.
The photovoltaic equipment sector declined, Tuori Xinneng fell to a halt, Qingyuan shares fell by more than 9%, Liansheng Technology fell by more than 5%, and ST Elken and Yubang New Materials fell by more than 4%.
The real estate development sector declined, with the Xinhua Union falling to a standstill, Chinese enterprises and financial development falling more than 3%, and initial shares, Nanguo Real Estate, and Rongsheng Development falling more than 2%.
Looking ahead to the future market, Haitong's strategy stated that looking back at the bottom of history during the first wave of rebound, since the fundamental trends were not clear, it often showed the characteristics of general growth and rotation increases in various industries. As the fundamentals in the later stages are verified, there will often be a main line market supported by performance. In this round of rising prices since 2/5, the industry also rotates rapidly. Drawing on historical experience, it may be expected that the main market line will be clarified after market rectification. The agency believes that middle and high-end manufacturing with stronger fundamentals is expected to become the main line of the mid-term stock market.