华龙证券华龙内参2024年第87期，总第1646期（电子版）

Market Analysis - The market experienced a downward trend with major indices declining nearly 1% on Wednesday [1][5] - The real estate sector saw a temporary surge, with stocks like Everbright Jiabao and Tiandi Source hitting the daily limit [3] - The overall market had more decliners than advancers, with over 3,800 stocks falling [3][5] Data Insights - As of May 14, the financing balance on the Shanghai Stock Exchange was reported at 793.906 billion yuan, an increase of 1.543 billion yuan from the previous trading day [7] - The total financing balance for both exchanges reached 1,496.964 billion yuan, up by 1.56 billion yuan [7] Investment Advisory Perspective - The absence of real-time data on northbound capital has led to a noticeable decline in market participation, resulting in reduced trading volume [8] - The Shanghai Composite Index has fallen below the 10-day moving average and is approaching the critical support level of 3,100 points [8] - Despite recent external pressures, the overall market environment remains stable, suggesting that short-term adjustments do not alter the medium-term upward trend [9] Conceptual Hotspots - The pig farming sector is showing signs of recovery, with the price of live pigs reported at 15.0 yuan per kilogram, a 0.7% increase from the previous month [10] - Several A-share listed companies have reported a significant reduction in losses from pig farming this year, with some achieving profitability during certain periods [10] - The expectation of a pig cycle reversal is strengthening, indicating a favorable investment period for low-cost, high-elasticity pig enterprises [10] Future Events Reminder - The 9th Power Battery Recycling Industry Forum will be held on May 16, focusing on battery recycling [43] - The 2024 China Machine Vision Conference will take place on May 21, aimed at promoting innovation in smart manufacturing [43] - The 26th Integrated Circuit Manufacturing Annual Conference is scheduled for May 22, addressing supply chain innovation [43]