cashpokervideos| A-shares opened lower and moved lower: the Shanghai Composite Index fell 1.33%, and cyclical stocks all corrected back

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The three major A-share indexes opened lower on May 23. The two cities fluctuated lower in early trading, remained weak in the afternoon, the decline widened, and walked out of low opening and low throughout the day.CashpokervideosThe trend.

From the market point of view, periodic stocks across the board pullback, non-ferrous metals led the decline; education, tourism, media decline, photovoltaic, lithium battery industry chain fell; the real estate sector is partially active, military industry, PEEK materials concept rose against the trend.

By the close of trading on May 23, the Shanghai Composite Index was down 1.CashpokervideosThe Kechuang 50 index fell 1.67% to 742.4 points; the Shenzhen Composite Index fell 1.56% to 9541.64 points; and the gem index fell 1.38% to 1852.07 points.

Wind statistics show that a total of 734 stocks in the two cities and the Northern Stock Exchange rose, 4578 stocks fell, and there were 50 stocks in flat trading.

On May 23, turnover on the Shanghai and Shenzhen stock markets totaled 847.7 billion yuan, up 16.5 billion yuan from 831.2 billion yuan on the previous trading day. Of this total, turnover in Shanghai was 356.7 billion yuan, down 7.4 billion yuan from 364.1 billion yuan in the previous trading day, and 491 billion yuan in Shenzhen.

According to Dazhi VIP, a total of 54 stocks in the two cities and the North Stock Exchange rose by more than 9 per cent and 13 fell by more than 9 per cent.

Non-ferrous metals led the decline, while PEEK materials rose against the market.

On the plate side, PEEK materials rose against the market, Walt shares (002886) rose by the daily limit, and Jusielong (301131) and China Research shares (688716) rose more than 4 per cent.

Secondary new stocks rose sharply, with Kent shares (301591), Kangpeng Technology (688602) and Chongde Technology (301548) up more than 10%.

Real estate once led the decline in two cities, and the decline narrowed in the afternoon, driven by the recovery of Vanke, but returned to the top of the decline list in late trading, with Hainan Expressway (000886) falling by the limit. Xindazheng (002968), City Investment Holdings (600649) and Yatong shares (600692) fell more than 5 per cent.

Periodic stocks fell across the board, led by non-ferrous metals, with Xiaocheng Technology (300139) and Liyuan shares (protecting Rights) (002501) falling by the limit or more than 10%, while Feinan Resources (301500), Zhangyuan Tungsten Industry (002378) and Shengda Resources (000603) fell by more than 6%.

Tourism, hotels and other sectors fell, while the social service sector fell first, with the Institute of Electrical Sciences (300215), Changbai Mountain (603099), Emeishan A (000888), Cod Education (300192) and China Science and Technology Cloud Network (002306) falling by more than 5%.

The short-term market may continue the strong trend of volatility.

Guosheng Securities believes that the expected rise in domestic economic repair is that, first, sales may stabilize and pick up under the relaxation of real estate than expected; second, the growth rate of manufacturing investment and infrastructure investment continued to pick up in April. The improvement of short-term liquidity will also keep domestic and foreign investors active, and market risk appetite may continue to rise. On the whole, the short-term market may continue the strong trend of volatility, and in the later stage, with the cooperation of capacity, it may continue to impact on the important pressure line of 3230 points. In operation, it is recommended to focus on the blue chip direction represented by the prefix, and the state-owned enterprises, coal, non-ferrous metals and other sectors may be relatively dominant. Growth and technology direction, focus on computing, low-altitude economy, robots, Vincent video, new productivity and other technology sectors of the opportunity rotation.

Zhongyuan Securities pointed out that the current average price-to-earnings ratio of the Shanghai Composite Index and the gem index is 13.47 times and 30.76 times respectively, which is below the median level in the past three years, and the market valuation is still in a low area, which is suitable for medium-and long-term layout. With the implementation of domestic favorable policies, market risk preference is expected to increase, the current internal and external environment as a whole is conducive to the continued stabilization and improvement of the market, and the overall stock index is expected to maintain a volatile upward pattern in the future. at the same time, we still need to pay close attention to the changes of policy, capital and external factors. Investors are advised to pay short-term attention to investment opportunities in real estate, insurance, photovoltaic and engineering construction industries.

Soochow Securities pointed out that looking back on every cycle of the photovoltaic industry, the core driving force is technology iteration-good profitability after technology maturity, driving the industry into a stage of large-scale production expansion, with the concentrated landing of production capacity, there is overcapacity in the industry-profitability decline, the industry has entered the stage of capacity clearance, forcing new technology breakthroughs to achieve cost reduction and efficiency, and open a new cycle. With the increasing competition of TOPCon, the gradual deterioration of profits and the intensification of production capacity, the industry is in urgent need of a new round of technology cycle, HJT is expected to usher in scale expansion.