The real estate sector rose 7.41%, hitting an 18-month high, and 28 real estate stocks had a strong daily limit.
On Friday (May 17th), the real estate sector soared across the board for the third consecutive day, pushing the Shanghai and Shenzhen stock markets, which have been adjusted for two days, out of a systematic general increase. As of the final session, the Shanghai Composite Index closed at 3,154.03 points, up 31.63 points or 1.01%. Shenzhen Component Index closed at 9709.42 points, up 105.29 points or 1.10%. The small and medium-sized composite index rose by 1.19%; The GEM rose by 1.16%; Kechuang 50 rose by 1.07%. The turnover of A shares totaled 889.973 billion yuan, up 5% from Thursday.
Market analysts said that the market adjustment trend has been strengthened, and investors can pay attention to the advantages of low-valued blue chips.
[trend]
In the afternoon, a 90-minute rush was staged.
On that day, the main stock indexes were calm all morning, hovering between red and green most of the time. However, after the opening in the afternoon, the real estate sector suddenly rose sharply, making the situation gradually tilted to many sides. After 13: 30, the daily limit of the real estate sector broke out, which made the market popular, and a large number of stocks in science and technology innovation board and GEM turned from green to red, forming a long-lost rush to grab stocks. In the end, the major stock indexes closed at sub-high points.
[Disk]
The real estate sector led the gains
According to the statistics of Tongda letter, the ratio of A shares’ rise and fall on that day was 4086: 1125; The proportion of stocks that have risen or fallen by more than 10% is 78: 1; The proportion of stocks that rose or fell more than 5% was 254:42.
On the face of it, the real estate sector staged a wonderful "time and again" skyrocketing market from Wednesday to Friday, and the increase was "day by day", which led the stock market adjusted two days ago to regain its upward trend. Among them, the plate rose as high as 7.41% on Friday, the highest one-day increase in 18 months. In terms of individual stocks, the daily limit of special services is 20%, the three leading stocks of Vanke, Gemdale and Poly are daily limit, and more than 20 real estate stocks such as Joy City, Huaxia Happiness, Xindazheng and Dima are all daily limit.
In the news, real estate benefits are continuous and belong to heavyweight benefits. On the same day, the central bank issued three heavy notices on real estate, namely, lowering the interest rate of individual housing provident fund loans, lowering the minimum down payment ratio of individual housing loans, and canceling the lower limit of the interest rate policy of individual housing loans. Among them, the central bank decided to reduce the interest rate of individual housing provident fund loans by 0.25 percentage point from May 18, 2024-the interest rates of the first set of individual housing provident fund loans for less than five years (including five years) and more than five years were adjusted to 2.35% and 2.85% respectively, and the interest rates of the second set of individual housing provident fund loans for less than five years (including five years) and more than five years were adjusted to not less than 2.775% and 3.325% respectively. In addition, the central bank and the General Administration of Financial Supervision jointly issued a notice pointing out that the minimum down payment ratio for the first set of commercial personal housing loans is adjusted to not less than 15%, and the minimum down payment ratio for the second set of commercial personal housing loans is adjusted to not less than 25%.
[Outlook]
Adjust the trend and strengthen the quality blue chip of Nuggets.
"In the market outlook, the market adjustment trend has been strengthened, but there is still room for high-quality blue chips." Tang Hewen, general manager of Jiangnan Avenue of Galaxy Securities interviewed by upstream journalists, pointed out that the middle line of the Shanghai Composite Index occurred on the day when 90 antennas crossed 120 antennas, which should have been regarded as the starting point of a new round of uptrend; However, the bald head Yang failed to break through last week’s high point after the long shadow of the weekly K-line, and the 120-week line crossed with the 500-week line to form resistance, and the antenna below 60 was accelerating downward and had not stepped back-these details show that the high probability of the "bulldozer" trend at the end of Friday is to attract more. Therefore, the 3163 points of the Shanghai Composite Index seem to be close at hand, but it remains to be seen whether it can really break through, or whether it can really attack further after the breakthrough. Therefore, investors should pay attention to the news outside the weekend, whether it will suddenly be heavy and bad, thus accelerating the momentum of A-share adjustment. In operation, varieties with large recent gains should take profits, and we can pay attention to the opportunity of low-priced and low-valued high-quality blue-chip stocks to counterattack in the decline.
(The views in this article are for reference only and do not constitute investment advice. The stock market is risky, so you should be cautious when entering the market.)
Upstream journalist Wang Ye
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