Although the three major indexes closed again today, with the trading volume of the two markets reaching 999.95 billion, approaching the trillion mark, but after Teacher Daxiao issued a call for "strike 3,000 points" in the early trading, the A-share market had an invisible force to oppose him...
trillion trading volume VS3,000 points level Daxiao effect hot fund curse
After experiencing yesterday's big rise, the strong performance of the three major indexes began to weaken today. The Shanghai Composite Index was staggering at the 3,000 point mark, and once again disappointed the ardent expectations of Teacher Li Daxiao .
However, compared to the hysterical voices of Teacher Daxiao, the pressure of 3,000 points is not small. Last year, after 12 attacks (on average once a month), A-shares successfully reached the 3,000 point mark at the end of the year. However, under the blow of the epidemic, the most recent hit (December 26 last year) hit 3,000 points in just 19 trading days. The views "3,000 points have been welded to death" and "2,685 points are the bottom of the fight against the epidemic" were born in such a general environment...
In addition to the 3,000 points level in the A-share market, the rush to buy off-market hot funds is also the same. The second public offering product of Ruiyuan Fund under Chen Guangming, Ruiyuan Balanced Value Three-Year Holding Period Mixed Fund, easily reached the first funding limit of 6 billion yuan, 20 billion yuan in one hour and 40 billion yuan in half a day. As of press time, the fund subscribed to the fund on the first day exceeded 100 billion yuan, and the allotment ratio was less than 10%, refreshing the upper limit of the hot funds again and again... On the previous trading day, the three-year closed-operation hybrid securities investment fund of Bank of Communications Schroderssi ended its fundraising on the same day. Of course, closely followed by fund products such as E Fund and Anxin are intensively issued.
For old investors, the effectiveness of the popular fund curse cannot be ignored. It often means the end of the market. Taking the latest painful experience as an example, the hot fund week after Liu Gesong's GF Technology Pioneer Mixed, Yinhua Technology Innovation, Penghua Technology Innovation, Hongde Fengrun's three-year holdings, and the "five golden flowers" of China Communications Technology Innovation, the Shanghai Composite Index staged a market that fell below 3,000 points and reached a minimum of 2,685 points...
Although the trading volume of nearly one trillion yuan in the two markets today once made everyone smell the atmosphere of the bull market in 2015, northbound funds chose to leave first - net outflow of 2.655 billion throughout the day.
gallium nitride , military industry stages the myth of being strong and always being strong
Although the pressure is heavy, the power of the popular fund curse is self-evident, the concept of gallium nitride brought by Xiaomi mobile phones and the military industry, which has high domestic substitution calls for strong myths.
In terms of gallium nitride concept, the six stocks that hit the daily limit yesterday, Qianzhao Optoelectronics , Rockchip Micro, Nanda Optoelectronics , Fuman Electronics, Haite Hi-Tech , and Hailu Heavy Industry that continued their own continuous board mode.
CITIC Securities commented on this, as users' demand for charger versatility and portability increases, the scale of the GaN fast charging market will increase rapidly in the future. It is expected that the global GaN charger market size will be 2.3 billion yuan in 2020, and will quickly rise to 63.8 billion yuan in 2025, with a CAGR of up to 94% in 5 years. It can also be used in many occasions such as 5G base stations, autonomous driving, and military radars where power and frequency requirements are high. In 2022, gallium nitride substrate materials require more than 300,000 pieces, corresponding to a market size of 6.4 billion yuan.
and gallium nitride concepts also performed well, and military stocks. Data shows that nearly 20 stocks in the two markets hit the daily limit. What made military industry stocks take off mainly was the stimulation of refinancing policies, the approaching of asset securitization target nodes at the end of the 13th Five-Year Plan, and the emergence of domestic substitution calls.
In response to the new refinancing policy regulations, Anxin Military Industry Feng Fuzhang screened 30 beneficiary targets, namely the TOP10 with the highest debt-to-asset ratio, the TOP10 with the highest financial expense ratio, and the TOP10 with the proportion of R&D expenditure for reference.
In addition, according to foreign media reports on the 15th, the Trump administration is considering preventing General Electric's subsidiary Safran Group from delivering LEAP-1C engines to China's C919 passenger plane, on the grounds that it is worried that the engine's technology will be "reversely copied" by China. Stimulated by this news, the words "domestic substitution" in the research reports of the military industry sector began to appear frequently.In the research report of "The commercialization of large aircraft faces variables and autonomous control is imminent", Galaxy Securities pointed out that the cancellation of engine licenses will pose a threat to the commercialization of C919. In the next 20 years, China will need about 7,400 new passenger aircraft and cargo aircraft, accounting for 19% of the total global demand for new aircraft, and the foreign supporting facilities may be restricted, the independent development requirements of domestic large aircraft are imminent.
Guosheng Securities put forward the view that "the domestic production of aircraft engines is urgent, and the global market of 600 billion US dollars should be made in China". It pointed out that my country's C919 is currently facing mass production, but the domestic commercial aircraft engine CJ-1000A has not yet been developed and formulated. my country's commercial aircraft engine industry is similar to the semiconductor industry, and it is urgent to achieve independent control. From a domestic perspective, aviation engine, gas turbine supporting companies and host companies have obtained scientific research project revenue by participating in the development and development of new models and new products during the development stage, and can obtain revenue growth through batch products during the mass production stage of downstream aircraft engine models.
html The bull market atmosphere under the 0 trillion trading volume, the northbound funds took the lead under the shadow of the popular curse, I hope to leave Teacher Daxiao 3,000 points of time to weld 3,000 points, there is not much...-
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