收盘丨北证50涨0.39%续创历史新高，贵金属、固态电池等板块涨幅居前

Market Overview - Gold stocks surged, with coal, automotive, port, and pharmaceutical sectors leading the gains, while solid-state battery concept stocks were active. However, nearly 3600 stocks in the market declined [1][4]. - On May 21, major A-share indices saw slight increases, with the Shanghai Composite Index rising by 0.21%, Shenzhen Component Index by 0.44%, ChiNext Index by 0.83%, and North Star 50 Index by 0.39%, reaching a new historical high [1][2]. Sector Performance - The solid-state battery concept experienced a breakout, with stocks like Jinlongyu, Guoxuan High-Tech, and Lingpai Technology seeing significant activity [4]. - Pharmaceutical stocks remained active, with companies such as Sanofi, Shuyitai, and Haichen Pharmaceutical hitting the daily limit [5]. Capital Flow - Main capital flows showed a net inflow into battery, automotive, and precious metal sectors, while there was a net outflow from semiconductor, general equipment, and consumer electronics sectors [6]. - Specific stocks like Jianghuai Automobile, Hongbaoli, and Guoxuan High-Tech saw net inflows of 1.073 billion, 792 million, and 658 million respectively. Conversely, stocks like O-film, Chengfei Integration, and Zhaoyi Innovation faced net outflows of 839 million, 836 million, and 541 million respectively [7]. Institutional Insights - Jifeng Investment noted that the acceleration in solid-state battery research and development, along with continuous new information, is beneficial for stock price volatility [8]. - Dongfang Securities highlighted that the peak financing period in domestic and international bond markets in May and June, along with economic expansion, may lead to a decline in remaining liquidity. They suggested that the market could shift focus towards more certain opportunities in the consumer sector [9]. - Gaoping Juneng Capital observed that despite the lack of enthusiasm for major weight sectors in a trillion-yuan trading environment, market funds are still seeking opportunities, particularly in smaller themes. The overall market is awaiting new stimulus policies to bring vitality and direction [9].