川财证券研究所晨报

Market Overview - The report highlights that the major indices experienced a decline, with total trading volume exceeding 900 billion yuan. The U.S. Labor Statistics Bureau is expected to release the CPI report, with market expectations indicating a potential slowdown in inflation for April, the first in six months [5][6] - The Ministry of Finance announced the issuance of general government bonds and ultra-long-term special bonds for 2024, including 20-year, 30-year, and 50-year bonds, reflecting an expected increase in policy support [5][6][21] Electronic Sector Performance - In the electronic sector, one stock reached the daily limit up, with the top three performers being Zhaoxin Technology, Cambricon, and Jinhai Tong, with gains of 16.43%, 11.18%, and 10.00% respectively. Conversely, the bottom three performers were ST Huamei, *ST Meixun, and *ST Chaohua, with declines of -5.08%, -4.96%, and -4.78% [3][16] - The overall performance of the technology sector showed a mixed trend, with the electronic sector performing well while the communication sector lagged behind [16] Government Initiatives - The State Council held a video meeting to support the "two major" construction initiatives, emphasizing the importance of issuing and effectively utilizing ultra-long-term special bonds to support major national strategies and key areas [6][21] - The report indicates that the central bank has optimized the "swap connection" mechanism, enhancing product types and improving supporting functions to meet diverse risk management needs of domestic and foreign investors [7][21] Investment Recommendations - The report suggests focusing on listed companies with low valuations and good dividend rates as potential investment opportunities [5][6]