The continued rise in oil prices has attracted the main funds to actively deploy oil stocks.
On Monday, A-shares high hit a new high since the rebound in March and fluctuated slightly. The transaction volume of the two markets increased by more than 50 billion yuan to 684.3 billion yuan compared with the previous trading day. On the market, resource sectors such as oil, nonferrous metals, and steel ranked among the top in the growth rate, while popular concept sectors such as street stall economy, digital currency, new retail, and genes ranked among the top in the decline. The stocks in the two markets have severely differentiated, with nearly 40 stocks hitting the daily limit, and more than 20 stocks hitting the daily limit.
northbound funds net purchases of 615 million yuan, net purchases for the 11th consecutive trading day. Among them, the Shanghai Stock Connect had a net purchase of 1.535 billion yuan, while the Shenzhen Stock Connect had a net sale of 920 million yuan. Net purchases of Yili shares of RMB 719 million and BOE A of RMB 654 million, Midea Group , China Ping An and other 6 shares also received net purchases of RMB 100 million, while 7 shares of Gree Electric Appliances, Wuliangye, Kweichow Moutai were net sold for RMB 100 million.
Northbound funds increase their holdings of two barrels of oil
To stabilize the crude oil market, OPEC and non-OPEC oil-producing countries held a ministerial meeting on June 6 on June 6, and all parties agreed to extend the historic production cut agreement reached to the end of July; at the same time, oil-producing countries that had previously failed to fully fulfill the production cut plan will conduct additional production cuts from July to September to make up for the difference.
This has triggered the continued rise of international crude oil prices in recent days. Last Friday, the main contract of US crude oil futures broke through US$40 per barrel, a sharp increase of more than 500% from the lowest of US$6.5 per barrel at the end of April. On Monday, the main contract of crude oil in the Shanghai Futures Exchange opened higher with a sharp gap, rising 4.78% as of the closing, hitting a new high in the past two months.
The sharp rise in oil prices caused the A-share oil sector to open high on Monday, with the sector index rising 1.45%, the largest increase in one and a half months, and the trading volume also hit the highest in more than a month. The oil industry's second-new stocks and Shun, which were listed in April, reversed the previous decline and rose for 6 consecutive days, of which the last three trading days had been hit by the daily limit, achieving a V-shaped reversal. CNOOC service , Haiyue Energy, Hi-Tech Petrochemical and other companies have the highest growth rates, and super large-cap stocks CNOOC and Sinopec also closed in a red market.
The rise in oil prices has also attracted the main funds to actively deploy crude oil stocks. China Petroleum and Sinopec have both received continuous increase in positions from northbound funds in the past two weeks. The leading stock Heshun Petroleum last Friday's top five seats for dragon and tiger list were all dedicated to institutional seats, with a total net purchase of 220 million yuan. The first five seats sold were only a net sale of RMB 52.07 million.
As the stock price rises sharply, Heshun Petroleum issued a risk warning announcement after Monday. As of the closing of June 5, according to the CSRC industry price-to-earnings ratio released by the China Securities Regulatory Commission, the latest rolling price-to-earnings ratio in the industry of the company is 21.68 times, the static price-to-earnings ratio is 19.31 times, the company's closing price is 37.41 yuan, the rolling price-to-earnings ratio is 35.62 times, and the static price-to-earnings ratio is 30.85 times, both higher than the level of the same industry.
Ping An Securities said that since the production cuts were officially implemented on May 1, the supply and demand side of the international crude oil market has been well alleviated, and inventory pressure has been alleviated. US Cushing crude oil inventories have also declined for many consecutive weeks with the natural production cuts of US crude oil. OPEC+ will continue the production cut of 9.7 million barrels per day until the end of July, which will provide further impetus for the rise in crude oil prices. It is expected that oil prices will continue to rise in the short term. It is recommended to pay attention to key targets such as oil and gas production, oil service and equipment, oil refining and petrochemicals.
price increase in iron ore drove steel stocks to rise
supply and inventory both decreased, causing the main iron ore futures contract of Dalian Commodity Exchange to rise by 5.53% on Monday, hitting a new high in the past two years. Wind data shows that the overall net inflow of domestic commodities was about 1.6 billion yuan on Monday, and iron ore received 1 billion yuan in funds to rank first among commodities.
Driven by the sharp rise in iron ore, the steel sector also opened high and closed high on Monday, setting a new high in the past three months. Shougang Co., Ltd. hit the daily limit for the first time in the past two years, and Jinling Mining and Hongda Mining also closed at the daily limit. Hegang Resources, Yulong Co., Ltd. , Xining Special Steel and others ranked among the top gainers.
Jinling Mining After-hours Dragon and Tiger List data shows that Buy Yi Galaxy Securities Shenzhen Jingtian Branch bought 19.87 million yuan, Buy Er CITIC Securities Shanghai Wanyuan Road Branch bought 19.74 million yuan, Buy San Huaxin Securities Shanghai Branch bought 12.08 million yuan, and buy the first five seats to buy a total of 63.57 million yuan.The sales volume of the first five seats sold was small, with a total net sale of 22.49 million yuan.
Pacific Securities said that although there were concerns about steel exports before and the demand for plates was also pessimistic, the resilience shown in reality exceeded market expectations. Building materials demand was better than expected, and the demand for plates was not as bad as expected. In this case of exceeding the expected demand, there were coke production restrictions and capacity reduction expectations, and there were also expectations of iron ore supply shrinking under the epidemic. The supply and demand pattern of raw materials at the raw material side is also improving. This stronger fundamental will support the price of raw materials, thereby supporting steel prices from the cost side.
This article is from e-company's official microsoft
