The index fell 1.1%, Hongmeng Concept led the decline of the two cities, and the northbound funds sold 5.154 billion net throughout the day. Institutional interpretation

The Financial Associated Press reported on June 15, Wind data showed that Northbound funds sold a net 5.154 billion yuan throughout the day, of which 5.608 billion yuan was sold for Shanghai Stock Connect and 454 million yuan was bought for Shenzhen Stock Connect.

News on June 15th, the three major indexes opened with mixed changes, and sharply fell after the opening. The index and the Shanghai stock index expanded to 1% successively. The Shanghai Composite Index fell below the bottom of the box, and the ChiNext index was on the 5th and 10th. The moving average was supported, and the Science and Technology 50 Index bucked the trend and rose. In terms of the sector, Huawei Hongmeng concept stocks, which have risen sharply for three consecutive days, opened a callback, the virtual reality sector continued to strengthen, and the chip sector bucked the trend. In the afternoon, the index continued to fluctuate underwater. In terms of the sector, the capital reduction front focused on attacking the technology sector. The front row stocks of Hongmeng concept stocks continued to attack, and some funds returned to the liquor sector. Second-line liquor rebounded. Near the end, Hongmeng concept stocks plunged sharply. Generally speaking, the market sentiment is sluggish, individual stocks have fallen more and rose less, and the effect of making money is poor.

On the disk, the LED concept and the semiconductor sector have the largest gains, and the Hongmeng concept and the textile manufacturing sector have the largest declines.

Hot section:

1. Liquor concept

   The liquor sector fell sharply again on the 15th. As of press time, Yanghe shares (204.000, -7.28, -3.45%), Huangtai Liquor (33.600, 2.34, 7.49%) (rights protection), Luzhou Laojiao (249.860, -) 8.39, -3.25%) fell sharply, Shunxin Agriculture (44.900, -1.13, -2.45%), Yilite (30.900, 0.53, 1.75%), Mogao (8.230, -0.07, -0.84%), Wuliangye (299.260) , -2.31, -0.77%) followed the decline.

   Huaan Securities (5.610, -0.18, -3.11%) pointed out that the price of the liquor sector was volatile and adjusted. On the one hand, the industry was affected by consumption tax concerns. On the other hand, the personnel adjustment of individual stocks Yanghe shares caused market concerns. It is not the first time that the worries about liquor consumption tax have appeared. We continue our previous view that the implementation of liquor consumption tax is less feasible, because the flow of liquor is complicated and diverse, and it is difficult for tax authorities to levy taxes at the end of the sales link. In terms of individual stocks, the chairman of Yanghe Co., Ltd. began to manage all company markets, including sales, worried that personnel adjustments would affect the company’s sales system and reform advancement. Yanghe’s personnel adjustments will not affect the overall development of Yanghe. The company’s overall development is healthy and orderly. Meng 6+ has strong growth and is expected to exceed 10 billion next year. Haitian will return to positive growth. The company’s incentive plan will most likely be implemented this year, driving the enthusiasm of the company’s sales and management personnel. Continue to recommend high-end liquor Mao Wulu, while recommending to pay attention to Shanxi Fenjiu (486.000, 15.75, 3.35%), Yanghe shares, and Shuijingfang (126.130, 3.88, 3.17%).

2. Semiconductor

The semiconductor sector rose sharply during intraday trading on the 15th. As of press time, National Technology (14.650, 2.44, 19.98%), Absen (9.330, 1.13, 13.78%), Espressif Technology (192.000, 21.86, 12.85%), Unimin Technology (9.020, 0.91, 11.22%), Chipeng Micro (90.460, 8.76, 10.72%), Hengxun Technology, etc. rose sharply, Rockchip (129.670, 11.79, 10.00%), Dike (50.550, 4.41, 9.56%) ) Follow up.

Driven by digital economy smart applications such as automobiles, servers, Internet of Things, and 5G, the semiconductor market is expected to enter a three-year-old super boom cycle since 2019. WSTS, IDC, etc. all predict that the global semiconductor market will exceed 500 billion U.S. dollars for the first time in 2021. According to the forecasts collected by SEMI, the average global semiconductor market will reach 570 billion U.S. dollars in 2022. According to ICInsights statistics, the revenue of the top 15 semiconductor companies in the world in 2021Q1 increased by 21% year-on-year. As the storage market enters a new round of upward cycle, Samsung’s revenue in the second quarter of 2021 is expected to surpass Intel to become the world’s number one.

News:

1. JPMorgan Chase released a global market strategy report stating that despite the recent decline in U.S. bond yields, this does not mean that market inflation expectations have cooled, and more likely to be driven by technical factors. JPMorgan Chase advises clients to firmly embrace “procyclical” transactions, and it is expected that “procyclical” transactions will benefit when the global economy reopens this summer.

2. Today, Powerland (100.610, 10.03, 11.07%) public account news: Powerland’s application server software has passed Kunpeng Validated certification. Powerland and Beijing Kunpeng Joint Innovation Center carried out in-depth full-stack optimization of Powerland’s application server software solution based on Kunpeng BoostKit, which increased the typical HTTPS access processing performance (TPS) by more than 38%, while obtaining highly reliable database access , High-performance clustered business deployment support, effectively promoting the safer, more stable and efficient operation of enterprise-level applications based on application server middleware deployment in Kunpeng environment in various industries, and fully tapping Kunpeng’s computing power.

3. According to Sinochem’s WeChat public account, on March 31, with the approval of the State Council, Sinochem Corporation and China National Chemical Corporation Limited implemented a joint reorganization. On May 8, China Sinochem Holdings Co., Ltd. was officially inaugurated and established. Recently, the joint office of the headquarters of the two chemical companies was officially launched.

   Outlook:

   Essence Securities pointed out that the main Shanghai Composite Index continued to trade sideways last week, while the ChiNext ushered in the fifth consecutive week of gains. After entering June, the yield of the domestic bond market has rebounded significantly, restricting the short-term performance of A-shares. The tight inter-bank funding at the end of June may also have a short-term impact on the market. At the same time, a historical review of the 5 major conferences or major celebrations in the past ten years shows that there may be short-term fluctuations in market risk appetite in the first 2-3 weeks of major events and the 2-3 weeks after the end. In the medium and long term, the fundamentals of A-shares in the interim report of this year and the second half of this year are likely to be better than market expectations. Under the background of the Fed’s significant dovishness and the completion of the domestic economic recovery, the domestic bond market yields have limited upward space, liquidity environment and risk appetite The overall factors are still favorable, and the profitability and growth of the company will become the core logic of the next stage of the market.

   Jufeng Investment Consulting believes that the PMI index has fallen for two consecutive months, indicating that the economic recovery has slowed down; the decline in social financial data and the slowdown in the issuance of public equity funds indicate that liquidity has tightened; the market has renewed its search for certainty. After the quarterly report, winemaking, brokerage, and coal have become the main lines leading the rise. After the Shanghai Composite Index rebounded to around 3,600 points, market divergence increased: brokerages, coal, and technology stocks (Huawei Auto, Hongmeng Concept) rebounded in a relay. On Tuesday, after the opening of the A-share market, the A-share market fluctuated and declined. The steel, nonferrous metals, insurance, and coal industries led the decline, and the market had a strong risk aversion. Recently, the A-share sector has been rotating frequently, showing a see-saw pattern overall. It is recommended that investors control their positions and pay attention to high-quality stocks with valuation advantages in the mid-term bargaining.

   Source: Sina Finance, Financial Association