华龙证券：华龙内参2024年第213期，总第1772期（电子版）-20241122

Market Analysis - The market experienced a narrow fluctuation with mixed performance across major indices, with the Shanghai Composite Index closing at 3370.4 points, up by 0.07%, while the Shenzhen Component Index fell by 0.07% to 10819.88 points [2][7] - The total trading volume in the Shanghai and Shenzhen markets was 1.61 trillion yuan, a decrease of 29.5 billion yuan compared to the previous trading day [3] Sector Performance - The controllable nuclear fusion concept stocks surged again, while AI application sectors showed active performance. Chemical stocks maintained strength, and the Xinchuang concept stocks strengthened in the afternoon [4][6] - Conversely, gas stocks faced adjustments, with the number of stocks rising and falling being relatively balanced overall [5] Financing Data - As of November 20, the financing balance on the Shanghai Stock Exchange was reported at 945.437 billion yuan, an increase of 1.795 billion yuan from the previous trading day. The Shenzhen Stock Exchange's financing balance was 881.925 billion yuan, up by 3.376 billion yuan, bringing the total financing balance across both markets to 1.827362 trillion yuan, an increase of 5.171 billion yuan [9] Investment Advisory Perspective - The two markets are experiencing reduced trading volumes, with the Shanghai Composite Index showing a significant decrease in volume. It is currently facing downward pressure from the 10-day moving average, suggesting a cautious approach to overall positions while waiting for clearer market trends [10] Concept Highlights - The brain-computer interface industry is entering a phase of application and popularization, driven by advancements in electronic technology, medicine, and computing. The global brain-computer interface market is expected to grow from 15.464 billion yuan in 2022 to 68.571 billion yuan by 2032, primarily driven by medical applications [11] Key News - A memorandum of cooperation was signed between Shanghai Yuanxin Satellite Technology Co., Ltd. and Brazil's state-owned telecommunications company TELEBRAS to provide satellite communication services in Brazil, with commercial services expected to start in 2026 [13][14] - The first global 5G-A network was launched by China Unicom and Huawei in Beijing, marking a significant advancement towards 6G technology, with potential opportunities arising in the base station supply chain [15] Future Events Reminder - The 2024 China (Xi'an) International Low-altitude Economy Development Conference will be held from November 22 to 24, focusing on the aviation engine sector [20]