According to the Financial Associated Press on April 24 (Editor: Zilong), today (April 24), the Banks Sector became active again. By the end of trading, stocks such as Bank of Qilu, Xiamen Bank Co.,Ltd., Chongqing Rural Commercial Bank, and China Everbright Bank showed significant growth. Among them, the three major state-owned banks, Industrial and Commercial Bank of China, Agricultural Bank of China, and Bank of China, have continued to reach historical highs, and China Construction Bank Corporation is also approaching its previously recorded historical maximum.

Note: Bank stocks have once again become active today (as of the close on April 24).

A frequent emergence of bank stocks reaching new highs is observed, with a current overview of valuation levels.

As the "ballast stone" of the A-shares market, the movements of the banking sector have always attracted investors' attention. Since the beginning of this year, bank stocks have continued their previously strong trends and keep rising, while new historical high symbols continue to emerge, especially represented by the four major banks: Industrial, Agricultural, Commercial, and China Construction, whose stock prices keep refreshing historical new highs. In terms of specific data, comparing today’s closing price or highest price to the historical highest price, aside from the four major banks, stocks such as Bank of Jiangsu, Bank of Chengdu, Bank of Beijing, and Bank of Shanghai are currently only "one step away" from their historical highs.

Note: The closing prices/highest prices of bank stocks today compared to the historical highest price (as of the close on April 24).

From the perspective of funding, as of the data on April 23, the banking sector currently has a financing balance of nearly 55.3 billion yuan, which has slightly declined compared to mid-April, but this is also a relatively low level this year. Looking at specific stocks, in the statistics of the last 5 trading days, a total of 18 bank stocks have seen shareholdings reduced by financing clients, accounting for nearly 47.4% of all bank margin trading targets. Among them, Bank of Jiangsu, CM BANK, and Qilu Bank had net selling amounts exceeding 0.1 billion yuan, while Bank of Ningbo and Industrial Bank both received over 0.1 billion yuan in increased shareholdings from financing clients.

Note: The changes in financing balance of the banking sector this year (as of data on April 23).

Currently, the overall valuation level of the Banks Sector continues to rise. As of today's close, the average PB for sector stocks is 0.622 times, compared to only 0.608 times at the end of last year. Among them, Bank Of Chengdu and CM BANK have both restored their PB to above 1 times. From an Index perspective, the CSI Banks Index currently has a PE and PB of 6.59 times and 0.68 times respectively, which are at the 73.02% and 37.27% points over the past decade; the dividend yield has risen to 6.15 times, which is at the 96.38% point over the past decade.

Note: The current dividend yield situation of the CSI Banks Index (as of the close on April 24).

Today's scan of new high stocks shows that these directions have a relatively high proportion.

In addition to the three major banks, namely Industrial Bank, Agricultural Bank, and Bank Of China, there are more than 16 other stocks that also reached historical new highs today (April 24), among which, Zhejiang Rongtai and Yantai China Pet Foods both hit the daily limit. Stocks such as Zhaomin Technology, Guibao Pet, and Lusi Co., Ltd. also saw substantial increases. By Industry (Shenwan Level 1), among the stocks that reached historical new highs today, the proportion of Autos stocks is relatively high, accounting for nearly 30%, with a relatively large number of Basic Chemicals, Agriculture, Forestry, Animal Husbandry, and Fishing stocks as well as those in the Food & Beverage, Machinery, and Beauty Care sectors.

Note: Distribution of industries for stocks that reached historical new highs today (as of the close on April 24).

Among the stocks that hit historical highs today, many symbols have recently seen significant increases in financing. As of data from April 23, Zhejiang Rongtai, Yantai China Pet Foods, United Chemical, Guilin Pet, and Bank Of China have experienced the largest increases in shareholding over the past five days, with net financing purchases of 0.067 billion yuan, 0.04 billion yuan, 0.035 billion yuan, 0.025 billion yuan, and 0.019 billion yuan respectively. In terms of financing control ratio, United Chemical, Hengbo Co., Ltd., and Bolong Technology have higher ratios, with financing balances accounting for 9.5%, 5.8%, and 5.3% of the circulating market value respectively.

Note: Recent increases and decreases in shareholding by financing clients for the margin stocks that reached historical new highs today (as of April 23 data).

From the price performance of these stocks recently, many are popular indicators for this month. As of today's close (April 24), among the stocks that reached historical new highs today, Zhejiang Rongtai has achieved the daily limit four times this month, while Hengbo Co., Ltd., Chongqing Baiya Sanitary Products, Yanker Shop Food, United Chemical, Zhaomin, Yantai China Pet Foods, and Wancheng Group each hit the daily limit once. Additionally, according to year-to-date statistics, a total of 5 stocks have doubled their prices this year, including Ningbo Shuanglin Auto Parts, United Chemical, Zhaomin Technology, Zhejiang Rongtai, and Shanghai Sinotec.

Note: The stocks reaching a historical high today, their performance this month and year-to-date (as of the market close on April 24th).