熬过4月，游资5月将回归！盘后传来了长期资金的消息——道达投资手记

Market Overview - The A-share market experienced fluctuations, with the Shanghai Composite Index and Shenzhen Component Index both down by 0.05%, and the ChiNext Index down by 0.13% [1] - The trading volume in the Shanghai and Shenzhen markets exceeded 1 trillion yuan, showing a slight decrease compared to the previous day [1] - A total of 3,557 stocks rose while 1,674 stocks fell, with a median increase of 0.76% in stock prices, compared to a median decrease of 1.39% the previous day, indicating a relatively weak market performance [1] Market Sentiment and Predictions - The market is facing several pressures, including resistance levels at 3,319 points and multiple moving averages [1] - The political bureau meeting has concluded, and policy expectations have been met, leading to reduced trading volume and concerns about external market volatility during the upcoming holiday [1] - Analysts from CITIC Securities predict that the market will continue to experience a consolidation pattern in the medium term, but short-term risk appetite may show marginal improvement, potentially shifting market focus towards growth sectors [2] Sector Performance - The current market environment is likened to the late stages of the 2019 trade friction, characterized by continued monetary easing and external demand pressure [2] - Over 40 stocks hit the daily limit down or fell more than 10%, primarily due to negative earnings reports [2] - The PEEK materials sector has seen significant gains, with the index rising by 33% since April 9, driven by increased activity in related stocks [3] Company Announcements - Xinhua Insurance plans to invest 20 billion yuan in a private equity fund focused on large A+H shares that meet specific criteria, indicating a long-term investment strategy aimed at stable dividend yields [5] - SAILIS reported a 240.6% year-on-year increase in net profit for the first quarter [6] - Guizhou Moutai's first-quarter net profit reached 26.847 billion yuan, up 11.56% year-on-year, with significant revenue from its "i Moutai" platform [6] - China CNR reported a net profit of 3.053 billion yuan for the first quarter, a 203% increase year-on-year [7] Summary - The market is currently in a phase of low trading volume and consolidation, with a cautious approach recommended due to potential external uncertainties during the holiday [1][7] - Sector rotation is evident, with PEEK materials and high-end manufacturing showing resilience, while other sectors like electricity and liquor have faced declines [2][3]