1. [Review of morning trading]
The two markets fluctuated and rose in the early trading, ChiNext Index once rose nearly 1%, and CSI 1000 Index rose 1.39%. The lithium battery sector rebounded and led the rise, with many stocks such as Tibet Mount Everest and Tianqi Lithium Industry hitting the daily limit; the auto parts sector continued to be active, with Rongtai Co., Ltd. 4 consecutive boards. The green energy sectors such as wind power, photovoltaic , and power equipment have strengthened again, and Oriental Cable , Zhenjiang Co., Ltd. and others hit the daily limit and set new highs. Yesterday, the consumer sectors such as liquor, which ranked first in , fell into adjustment, and the hot spots were poor. Overall, the stocks rose more and fell less, and more than 2,900 stocks were in red. The half-day turnover in Shanghai and Shenzhen stock markets exceeded 630 billion yuan. On the market, sectors such as Salt Lake lithium extraction, industrial master machine, rare earth permanent magnet, and ultra-high voltage were among the top gainers, while sectors such as liquor, food processing, precious metals, and super brands were among the top declines. As of the midday closing, the Shanghai Composite Index rose 0.21%, the Shenzhen Component Index rose 0.43%, and the ChiNext Index rose 0.58%. Shanghai Stock Connect net inflows of 864 million in the early trading, and Shenzhen Stock Connect 1.548 billion in the early trading.
A total of 51 stocks in the two markets hit the daily limit (excluding ST and new stocks that were not opened), 18 stocks failed to close the board, with a closing rate of 73.91%. There were 7 stocks in the two markets, including Rongtai Co., Ltd., which was the auto parts company, the industrial mother machine company, the medical Jiuan Medical and the equity transfer Dun'an Environmental , all of which were the wind power company, the wind power company Dongfang Cable, the Dajin Heavy Industry and the chemical Liuhua Co., Ltd. 2 consecutive boards. In the
sector, lithium battery-related sectors continued to rise in the early trading, with Weisaibo hitting the daily limit by 20CM, Tibet Mount Everest, Tianqi Lithium Industry, Keda Manufacturing, Rongjie Co., Ltd., Yongxing Materials and other stocks hitting the daily limit, and Penghui Energy and Tianhua Super-clear rose by more than 10%. Auto parts stocks continued to be active, Rongtai Co., Ltd. held four consecutive boards, Zhongjie Precision hit the daily limit of 20CM, Huaan Xinchuang rose by nearly 15%, Feilong Co., Ltd. and Zhejiang Liming hit the daily limit. In the news, 1) Mount Everest in Tibet signed an investment agreement with the Salta Provincial Government of Argentina. Two major salt lake development projects with a total investment of US$1.7 billion were officially launched; 2) The U.S. stock new energy vehicle sector rose sharply overnight. Following Tesla , electric car company Lucid plans to build a factory in China around 2025.
From the demand side, the production and sales of new energy vehicles maintained rapid growth in October, and China's sales of new energy vehicles in October were 383,000, a year-on-year increase of 135%. Judging from the price data of lithium battery materials last week, upstream lithium battery materials still rose slightly, and the prices of the four major battery materials have basically stabilized at high levels. In its macro strategy for 2022, CICC pointed out that the demand for power batteries for new energy vehicles is growing rapidly, and lithium demand is expected to be 610,000 tons and 800,000 tons in 21-22, respectively, with a gap of 43,000 tons and 57,000 tons respectively. The penetration rate of new energy vehicles continues to exceed expectations, and the expansion rate of upstream lithium resources is difficult to meet the downstream battery material needs.
green energy sectors such as power equipment, wind power, HIT batteries, and energy storage have strengthened again. Keheng Co., Ltd. and Juhua Technology both hit the daily limit by 20CM, Oriental Cable and Zhenjiang Co., Ltd. hit the daily limit and hit the new highs, and more than 10 stocks such as Dajin Heavy Industry, Han Cable Co., Ltd. , Huatong Cable , Baosheng Co., Ltd. and more than 10 stocks hit the daily limit. On the news, 1) Yancheng leaders proposed in the meeting that Yancheng should plan 9.02GW offshore and 24GW far-sea fan capacity during the 14th Five-Year Plan period, which will exceed market expectations. China has five major sea breeze bases, Jiangsu, Fujian, Zhejiang, Shandong and Guangdong, and has very broad resources. At present, the enthusiasm of various places is high, and plans are expected to be issued in various places one after another. 2) The U.S. Court of International Trade (CIT) officially announced on November 16 that it would restore the 201 tariff exemption rights for double-sided solar modules and lower the tariff rate of the 201 article from 18% to 15%. Under these two changes, the additional tariffs previously levied will be refunded to the relevant companies.
rare earth permanent magnet sector surged, Beimin Technology , Ningbo Yunsheng , and Yujing shares hit the daily limit, Jinli permanent magnet , Jiuwu Hi-Tech, Hengdian Dongmaximum , Keliyuan , Antai Technology and other companies ranked among the top gainers. Northern Rare Earth announced the November listing price, which showed that the quotation for praseodymium oxide was 762,600 yuan/ton, a sharp increase of about 22% from the previous month. The price of praseodymium-neodymium-neodymium-neodymium-neodymium-neodymium-neodymium-neodymium-neodymium-neodymium-neodymium-neodymium-neodymium-neodymium-neodymium-neodymium-neodymium-neodymium-neodymium-neodymium-neodymium-neodymium-neodymium-neodymium-neodymium-neodymium-neodymium-neodymium-neodymium-neodymium-neodymium-neodymium-neodymium-neodymium-neodymium-neodymium-neodymium-neodymium-neodymium-neodymium-neodymium-neodym The listing prices of metal neodymium and neodymium oxide were also significantly increased by more than 20% compared with last month. According to market spot quotations, praseodymium oxide has currently broken through the 10-year high.Industry insiders said that the fourth quarter is the traditional peak season for downstream demand for rare earths, and downstream industries such as new energy vehicles have strong demand for replenishment, boosting the demand for high-performance NdFeB , thereby pushing upstream rare earth demand.
gas stocks rose in the early trading, water-fast gas closed the board, Hongtong Gas and China-Thailand shares rose by more than 5%, Changchun Gas , Chongqing Gas, New Natural Gas, Blue Sky Gas, etc. followed suit. According to the news, on the 16th local time, Germany announced that it would suspend the approval of the " Nord Stream-2" project, which had a significant impact on the European natural gas market. In the natural gas trading market of Dutch , the price of natural gas futures in December rose by nearly 18%, the price of natural gas in the UK futures rose by nearly 17%, and the price of natural gas futures in the US rose by nearly 3.19%.
In short, the market seesaw market is still being interpreted. The consumer sectors such as liquor that led the rise yesterday fell into adjustment, suppressing the market index to further rise, while the sectors in the general direction of new energy such as lithium batteries, rare earths, wind power, photovoltaics, and energy storage collectively rose. The return of the main themes has driven market sentiment to rebound. Under structural market conditions, pay attention to the opportunity of rotation between sectors.
afternoon daily limit analysis chart
2. [Market News Focus]
1, November 17th, China Banking and Insurance Regulatory Commission recently issued the "Notice on Matters Related to the Public Investment of Insurance Funds for Infrastructure Securities Investment Funds" to Insurance Institutions. The notice proposes that the China Banking and Insurance Regulatory Commission agrees to invest in insurance funds to publicly raise infrastructure securities investment funds. If an insurance group (holding) company and an insurance company invest in infrastructure funds on its own, it shall have real estate investment management capabilities. The assessment results of the asset-liability management capabilities in the past year shall not be less than 80 points, and the comprehensive solvency adequacy ratio of shall not be less than 150% at the end of the previous quarter. If an insurance group (holding) company and insurance company entrusts insurance asset management company and other professional management institutions to invest in infrastructure funds, the assessment results of asset-liability management capabilities in the past year shall not be less than 60 points, and the comprehensive solvency adequacy ratio at the end of the last quarter shall not be less than 120%.
2, November 17, the Intermediate People's Court of Foshan City, Guangdong Province publicly pronounced a verdict on the case of 12 people including Kangmei Pharmaceutical's former chairman and general manager Ma Xingtian manipulating the securities market. Ma Xingtian was sentenced to 512 years in prison for and a fine of RMB 1.2 million for manipulating the securities market, illegal disclosure, non-disclosure of important information, and multiple crimes of bribery by the unit; Xu Dongjin, former vice chairman and executive deputy general manager of Kangmei Pharmaceutical, and 11 other responsible persons were sentenced to fixed-term imprisonment and a fine for participating in related securities crimes. Some NPC deputies, CPPCC members, securities regulatory agencies, journalists, and the defendant's families attended the verdict. Recently, after being ordered to huge compensation for the annual report and other false statements of civil infringement of securities class action , former chairman of Kangmei Pharmaceutical, Ma Xingtian and others have been held criminally responsible for crimes such as manipulating the securities market and illegally disclosing and not disclosing important information. The trials of the two cases continue to send a strong signal to crack down on securities illegal activities in accordance with the law and resolutely safeguard the deepening of reform and healthy development of the capital market.
