In terms of theme concept, coal mining, liquor and sub-new shares were among the top gainers, while the debt-to-equity swap sector was among the top losers.
I. Coal mining
Comments:
The inventory of coke enterprises has increased slightly, the steel market has picked up recently, the operating rate of blast furnace remains high, the available days of coke have not increased significantly, and the demand for downstream replenishment is still strong, supporting the price of coke; In addition, the coking coal inventory of independent coke enterprises continued to rise slightly. Although coking coal resources are in short supply, the ability of independent coke enterprises to replenish stocks is obviously better than that of steel mills. Judging from the current situation, there is still room for further increase in coking coal, and coke enterprises are eager to make preparations for winter storage. Therefore, the supply and demand of coking coal will remain tight in the short term. The task of de-capacity in the fourth quarter and the winter storage market still support the coke price center to rise steadily.
Now the coal price has broken through the affordable cost area of power enterprises, which has caused great pressure. It is expected that the subsequent coal prices will remain stable under the policy of ensuring supply, but the profits of coal enterprises, especially those with advanced production capacity, are expected to increase substantially, which may be the best period in recent years. At present, some coal stocks have certain performance, but they still do not fully match the rise of coal prices and corporate profits. It is recommended to pay close attention and recommend low PB stocks with little increase.
This week, the coal mining sector broke out collectively. Pingzhuang Energy (000780) increased by nearly 20%, while Jin Rui Mining (6007 14), Shaanxi Coal Industry (60 1225) and China Coal Energy (60 1898) increased by more than1.
Second, new shares.
Comments:
Judging from past experience, sub-new shares are often regarded as the leading indicators of the market in the bear market. In a weak environment, sub-new shares are the best performing group in the market, with the characteristics of clear chip distribution, less lock-in, small market value of equity and circulation, and high attention. The rise of sub-new shares mainly comes from two aspects. On the one hand, the success rate of new shares is low, and the scarcity of new shares has been speculated by funds; On the other hand, the second IPO has less funds, smaller circulating market value and lighter lock-in, which will cause repeated attention of funds.
This Monday (603777) became the most eye-catching stock this week, winning five boards in five days, an increase of more than 60%. Chongda Technology (0028 15) and Hongsheng (603090) all increased by more than 30%, while Zhenhua (603067) and General Motors (60 1500) all increased by more than 30%.
Three swords on the top of the big plate
The high opening and low going in early trading on Friday aggravated the fear of heights of funds. On Friday, strong stocks such as Jiadian (000922) and Hongsheng all showed a downward trend, showing the fear of funds on high-end stocks in the market. In addition, the lack of the guidance of leading stocks makes the direction of capital speculation even more lost, and the profit-making effect on the market is greatly weakened. With a round of speculation of some large-cap stocks and heavyweights, the market has entered the dressing stage in the short term.
Looking forward to June 165438+ 10, many uncertain factors are jointly affecting the trend of the market. Strong financial deleveraging supervision, interest rate increase by the Federal Reserve in February 65438 and fluctuations in the foreign exchange market, and market control by the national team, which is known as the market stabilizer, are like three swords hanging over the head of A shares, which is doomed to prevent a bull market from unilaterally rising.
Market outlook strategy:
It is expected that in the future, the market will step back on the annual line to seek support, and it can still adopt the strategy of emphasizing individual stocks over the broader market, seize structural opportunities, realize short-term integration, and sell high and suck low. In operation, investors are advised to be cautious in the short term, and the opportunity of big consumption can be grasped as appropriate in the sector.