The Zhitong Finance App learned that on November 5, the three major A-share indices collectively opened lower. The Shanghai Index opened 1.07% lower at 3646.57 points, the Shenzhen Index opened 1.05% lower, the GEM Index opened 2.00% lower, and the Science and Innovation 50 opened 2.33% lower. After opening, the index rebounded unilaterally and turned red across the board. At one point, the GEM Index rose more than 3%, and the GEM Index rose more than 5% at one point. The market showed a pattern of “opening low, leading growth, and high dividend pullback”. By the midday close, the Shanghai Index had risen 0.10% to 3689.79 points, the Shenzhen Index had risen 1.44%, and the GEM index had risen 1.24%; Science and Innovation 50 had risen 2.11%; and the Beijing Stock Exchange 50 had risen 2.10%. More than 4,700 individual stocks rose and less than 700 stocks fell in the entire market. The three markets of Shanghai, Shenzhen and Beijing traded 1.48 trillion yuan in half a day, an increase of 545.3 billion yuan over the previous trading day. In terms of capital, the Financial Services Association's monitoring data showed that in early trading, the main capital flowed into the telecommunications industry, semiconductors, and electronics sectors, with net outflows from the telecommunications, non-bank finance, and coal mining sectors, with net inflows from the telecommunications industry exceeding 6.9 billion yuan; in terms of individual stocks, Ningde Times had the highest net purchases of over 900 million yuan, and Changxin Technology's net sales exceeded 1.2 billion yuan. In terms of policy, the central bank announced a reduction of 0.25 percentage points to 1% interest rate for stock repurchases and reloans, which will be implemented from November 4; the support targets are 21 national banks and 5 systemically important commercial banks, with a support ratio of 100%, a period of 1 year, which can be extended according to bank needs; after the November 2 symposium, banks have submitted quota applications for more than 200 billion yuan to the central bank.
Overview of the plate
On the market, the photovoltaic equipment, precious metals, and battery sectors registered the highest gains, while power equipment and consumer electronics strengthened simultaneously; in terms of decline, sectors such as telecom operators, coal mining, oil and gas extraction, banks, and highways registered the highest declines. Overall, the heavy drop in international oil prices overnight dragged down the weight of petroleum and petrochemicals, and the direction of high dividends generally declined. The Shanghai Index, driven by weighted stocks, clearly lags behind the Shenzhen market; capital flows clearly to growth directions such as Telecom, where individual stocks rose more and less.
Popular sections
1. The photovoltaic equipment sector set off a wave of rise and stagnation
The photovoltaic equipment sector rose 9.38%. King Kong PV, Betley, and Shichuang Energy rose and stopped 20%; Youli Intelligence rose and stopped 30%; Junda shares, Hongyuan Green Energy, Saiwu Technology, GCL Integrated, and Foster rose and stopped; Maiwei shares hit a 20% rise or stop in the intraday market, an increase of more than 16% in the midday period, Autoway rose more than 15%, Laplace and Polymeric materials rose more than 12%, Goodway rose by more than 10%, and Sunshine Power rose more than 7%.
Comment: According to the news, the national electricity statistics for January-September released by the National Energy Administration on October 26 show that 13.64 GW of PV installed capacity was added in September, up 41.2% year on year and 23.6% month on month, which is the third consecutive month of positive year-on-year growth (new installed capacity increased 28% and 50% year-on-year respectively in July and August); from January to September, 110.83 GW of new PV installed capacity was added, a year-on-year decrease of 53.9%; as of the end of September, the country's installed capacity of solar power generation was 1.31 billion kilowatts, up 16.5% year on year. On the periphery side overnight, according to Xinhua News Agency, several mainstream US media predicted that the Democratic Party would win a big victory in the midterm elections. The market expected it to drive a shift in energy policy. The renewable energy sector in US stocks rose significantly on the 4th. In addition, according to Baichuan Yingfu data, the domestic polysilicon production schedule is expected to be 88,200 tons in November, a decrease of about 0.97 million tons from the 99,900 tons in October, a decrease of about 10%. The operating rate of the industry is expected to remain around 31%.
2. The precious metals sector continues to rise
The precious metals sector rose 5.70%, with silver up 7.71% and gold up 5.10%. The word A in Shenzhen China rose and stopped and recorded 2 consecutive boards. Shengda Resources went up and down and recorded 2 consecutive boards. Societe Generale Silver Tin and Chifeng Gold both hit a rise and stop during the day, and both rose more than 8% in the middle of the day. Shandong Gold rose more than 5%, CICC Gold rose more than 3%, and Zijin Mining rose more than 1%.
Comment: According to the news, the US dollar and US bond yields fell simultaneously after the US midterm election results were clear. On November 4, COMEX gold futures rose 3.34% to 4072.2 US dollars/ounce, returning above 4,000 US dollars. COMEX silver futures rose 5.17% to 52.33 US dollars/ounce; during the Asian trading session on November 5, spot gold further broke through 4,100 US dollars/ounce. The increase in COMEX silver futures was greater than that of gold futures, and the A-share silver sector was also higher than that of the gold sector.
3. The battery and lithium ore sectors strengthened
The battery sector rose 4.42%, and the lithium battery sector rose 4.52%. Penghui Energy hit a 20% rise in the intraday period, a rise of more than 13% in the afternoon; Huasheng Lithium Battery rose more than 12%; Li Yuanheng and Aero Energy rose more than 10%; Tianhua Xinneng, Rongjie shares, and Paineng Technology rose more than 7%; Shengxin Lithium Energy and Ganfeng Lithium rose more than 6%; the Ningde Era rose more than 5%; and Dingsheng New Materials rose and stopped.
Comment: According to the news, the intraday increase in the main lithium carbonate contract of Guangzhou Stock Exchange increased to 6% to 93,680 yuan/ton; Mysteel data on the same day showed that the mid-morning price of MMLC battery-grade lithium carbonate was 91,850 yuan/ton, down 950 yuan/ton from the previous trading day, and futures and spot price trends diverged. At the industrial level, Ningde Times announced on November 2 that it will deliver the first batch of EnerQB long-term energy storage systems to Quinbrook, a global energy infrastructure investment agency, with a single equipment capacity of 5.64 MWh, designed for the 3GW/24GWh series long-term energy storage project in Australia.
4. High-dividend sectors such as petroleum and coal collectively declined
The telecom operator sector fell 1.98%, the coal mining sector fell 1.84%, the oil and gas mining sector fell 1.47%, the banking sector fell 1.16%, and the highway sector fell 1.15%. CNPC fell nearly 7%, China Shenhua and Yankuang Energy fell more than 6%, China Coal Energy fell more than 5%, the Shaanxi coal industry fell nearly 4%, China Telecom fell more than 3%, the Postbank fell more than 2%, and China Mobile fell more than 1%.
Comment: According to the news, international oil prices fell sharply on November 4. The price of light crude oil futures for December delivery on the New York Mercantile Exchange fell 8.29% to 88.12 US dollars/barrel, and the futures price of London Brent crude oil for January delivery fell 8.67% to 94.62 US dollars/barrel. The market is betting on cooling the situation in the Middle East; the US stock S&P 500 energy sector fell 4.77% on the same day, the weakest performance among the 11 major sectors. According to the Financial Services Association's monitoring data, the net outflow of the main capital in early trading was from the coal mining, telecommunications, and non-bank finance sectors, with a net inflow of over 6.9 billion yuan into the new power industry.