华龙证券：华龙内参2024年第190期，总第1749期（电子版）-20241024

Market Analysis - The market experienced a high and then a pullback, with the Shenzhen Component Index leading the gains. The North Exchange 50 Index surged over 16%, reaching a historical high, with nearly 40 stocks on the North Exchange hitting the 30% limit up. A notable stock, Airong Software, saw a cumulative increase of over 940% since September 24, with its price increasing tenfold [4][6]. - The total trading volume in the Shanghai and Shenzhen markets reached 2.18 trillion yuan, an increase of 86.3 billion yuan compared to the previous trading day [4]. - The semiconductor sector showed volatility, with stocks like Fulede, Taiji Co., and others hitting the limit up. The cross-border payment concept stocks surged in the last trading session, with New Guodu, Qingdao Jinwang, and others also hitting the limit up [4]. Data Insights - As of October 18, the financing balance on the Shanghai Stock Exchange was reported at 836.247 billion yuan, an increase of 7.757 billion yuan from the previous trading day. The Shenzhen Stock Exchange's financing balance was 763.478 billion yuan, up by 8.174 billion yuan, bringing the total financing balance across both markets to 1.599725 trillion yuan, an increase of 15.931 billion yuan [5]. Investment Advisory Views - The overall market closed in the green despite the pullback, with various sectors showing active trading and good profit potential. The current index is in a consolidation phase following a series of gains, with technical indicators remaining strong. The Shanghai Composite Index is above the 5-day moving average, and the MACD continues to operate above the zero line, indicating that quality stocks are likely to remain active [6]. Concept Highlights - Huawei's new wearable device, featuring golf functions, is set to be launched on October 22. The introduction of the new TruSense system indicates a positive outlook for wearable devices among leading consumer electronics manufacturers in China, with AI technology integration expected to drive market growth [7]. - The first domestically produced high-performance intelligent driving chip, Guangzhi R1, was launched at the World Intelligent Connected Vehicle Conference. This chip is designed to support advanced autonomous driving levels, with increasing demand for high-performance chips from companies like NVIDIA and Qualcomm [7]. - The Hong Kong government announced plans to develop a low-altitude economy, with pilot projects focusing on aerial monitoring and drone cargo expected to commence by the end of the year. The low-altitude economy market is projected to reach 1.5 trillion yuan by 2025 [7]. Key News - The report highlights several stocks that hit the limit up on October 21, including Shandong Huapeng, ST Gaohong, and others, driven by factors such as restructuring, growth in the automotive sector, and military technology [8][9]. - Upcoming significant events include the China Satellite Application Conference from October 23 to 25 and the Global Low Altitude Economy Forum on October 27, which are expected to impact related sectors [12].