Early today, the two city stock index strong rebound, financial, cyclical stocks in tandem, the Bank of Nanjing, Valin Steel, Fangda special steel and other trading limit. Rural revitalization, rare earth led up the concept plate. Net purchases of northbound funds exceeded 7.5 billion yuan.
However, many institutional stocks are still falling, 200 billion photovoltaic leading stock Tongwei shares, plunged more than 8%.
A strong rebound
All three indexes rose collectively
The Shanghai Composite Index closed up 1.33 percent at 3555.28 points after a strong rebound in the two markets this morning.
The Shenzhen Component Index rose 0.73 per cent and the ChiNext Index gained nearly 0.6 per cent.
Among them, banking, insurance, cyclical stocks (steel, non-ferrous metals, coal, etc.) erupted:
Individual stocks showed a general rise, rising stocks of 2,721, of which 72 rose by the daily limit, down less than 1,500.
Net purchases of northbound funds exceeded 7.5 billion yuan.
Hong Kong stocks also picked up across the board, as of press time, the Hang Seng Index rose nearly 2%.
Banking and insurance both exploded
The financial sector gathered warm. Among them, insurance stocks, banking stocks both outbreak.
Bank stocks turned warm, Nanjing Bank trading limit, Bank of Hangzhou, China Merchants Bank, Industrial Bank collective force.
The Bank of Nanjing closed its daily limit.
Insurance stocks were also strong across the board, with the index up 3.78%. Among them, Xinhua Insurance rose more than 6%, China Pacific rose more than 5%, China Ping An, China’s life force with the rise.
The cycle also surged
Rare earth, coal strength
Cyclics are also neck and neck, Valin iron and steel, Fangda special steel trading. The rare earth index rose nearly 6 per cent, with LSE Non-ferrous Metals up by the daily limit and Minmetals up more than 6 per cent.
Coal stocks were higher across the board, with the index rising 2.8 percent. Among them, Shanxi coking, Baotailong both daily limit, ST Malone, the United States Jin energy, Shanxi coking coal have gone higher.
In addition, the lithium index soared, led by Shengxin Lithium Energy, China Mining Resources, Western Mining and Ganfeng Lithium.
Rise of the civil aviation
The index rose more than 5 percent
Civil aviation plate rose steadily, air transport index rose more than 5%.
China Airlines rose by the daily limit, Jieyao Airlines rose 7%, Spring Airlines rose more than 4%, Air China, China Eastern Airlines rose more than 3%.
In addition, the radio and television system in the move, Gehua cable trading, radio and television networks, media and other strong.
The concept of rural revitalization has caught on
Jifeng technology 20% daily limit
The focus of the two sessions “rural revitalization concept stocks also fire. By the close of the morning, it had closed up 6.43 percent, with turnover exceeding 3.6 billion yuan.
Among them, Jifeng science and technology 20% daily limit.
Recently, the No. 1 document of the CPC Central Committee has been officially issued, the core content of which is to comprehensively promote rural revitalization and accelerate agricultural and rural modernization. The National Rural Revitalization Administration has also been officially inaugurated. “How to consolidate and expand the achievements of poverty alleviation and rural revitalization effectively link up” has also become the focus of hot discussion.
Deputy to the National People’s Congress, anhui academy of agricultural sciences, vice President of anhui zhao ping advice, to establish long-term effective mechanism of anti-poverty engines results consolidate, on the one hand to continue filling “double-base” construction, perfecting rural roads, water conservancy, environmental protection, communication and other infrastructure construction and the rural basic education, basic health care, pension services such as public service capacity building. On the other hand, we should take multiple measures to attract the “return” of labor force, strengthen services to promote the prosperity of industries, and establish a sound guarantee mechanism.
Yue Xihuan, a deputy to the National People’s Congress (NPC), suggested further introduction of preferential tax policies to support industries, projects, construction projects and other areas. We will continue to introduce greater tax preferences for key projects and actions in the research, development and production of seeds, pesticides and agricultural machinery, soil erosion, desertification, and improvement of human settlements, and provide better policy support in the areas of value-added tax, enterprise income tax, urban land use tax, vehicle and vessel tax, etc.
At the same time, in the just-concluded local two sessions, local government work reports put forward new requirements for rural revitalization, rural revitalization has become a “new hot word” for the development of “agriculture, rural areas and farmers”.
Pre-loss over 6 billion, basically stop production
Shares rose by the daily limit for 11 consecutive days
Today, Zotye Automobile is facing its 11th daily limit, which is the 11th day in a row. The stock price has risen by more than 70%, and the market value has surged by 4.6 billion to 6.4 billion yuan.
According to the official website, the company is one of the largest automotive instrument manufacturers in China. It is a vehicle manufacturing enterprise with the core business of vehicle research and development, manufacturing and sales. It owns Zotye, Jiangnan, Junma and other independent brands, and its products cover four market segments, including SUV, sedan, MPV and new energy vehicle.
It is worth noting that the eve of the sharp rise, on January 29, *ST Zhongtei disclosed the performance forecast, estimated that the annual net profit attributable to the shareholders of the listed company in 2020 is -6 billion yuan to -9 billion yuan, net profit after deducting non-recurring gains and losses is -5.961 billion yuan to -8.961 billion yuan; It is estimated that the annual revenue in 2020 will be 1.2 billion to 1.6 billion yuan, and there will be no operating income deduction. It is estimated that the owner’s equity attributable to the parent company at the end of 2020 will be -3.181 billion yuan to -1.814 billion yuan.
The main reason for the company’s annual loss in 2020 is that the subordinate auto production bases are basically in a state of suspended production or semi-suspended production. The production and sales volume of the company’s main products are not large, and the total sales revenue is low. At the same time, the company plans to set aside a large amount of asset impairment provisions and bad debt provisions, totaling about 3.5 billion yuan to 6.5 billion yuan.
Recently, *ST Zotye has repeatedly announced that there is no disclosure should be disclosed without major matters.
And the recent Dragon Tiger list data show that basically no institutional seats in the buy or sell top five.
The $200 billion plunge was more than 8%
The original market value of more than 200 billion photovoltaic shares Tongwei plunged, closing down nearly 9% in the morning. Its market capitalisation has evaporated by nearly $17.5 billion to $193.5 billion.
The stock surged more than 370% in less than a year before the collapse, data show.
In addition, Longji shares also fell nearly 3%.
Maotai rose 1.79%
Kweichow Moutai also rebounded, rising 1.79% to 2094.9 yuan, giving it a market value of 2.63 trillion yuan.
State Administration for Market Regulation to punish
Five community group-buying businesses
According to information released by the State Administration for Market Regulation, in the second half of 2020, some community group buying enterprises will take advantage of their financial advantages to carry out a large number of price subsidies, disrupting the market price order and causing widespread concern from all sectors of society.
Market supervision administration according to the price monitoring clues, successively of orange optimization (Beijing) technology development co., LTD. (orange heart optimization), yu ladies in Shanghai information technology co., LTD. (buy) a lot, shenzhen Meituan optimization technology co., LTD. (Meituan optimization), Beijing ten hui technology co., LTD. (will) ten seven delicious technology co., LTD., wuhan eat at will () five community group-buying companies such as alleged unfair price investigation.
As, orange heart optimization (Beijing) technology development co., LTD., Shanghai yu ladies Meituan optimizing information technology co., LTD., shenzhen science and technology co., LTD., Beijing four companies such as ten hui technology co., LTD., in a price in accordance with the fresh goods, seasonal goods, such as excess inventory, in order to exclude competitors or monopolize the market, being dumped at below cost, disrupting the normal order of production and operation, damage the legitimate rights and interests of other operators, in violation of the “price law of the People’s Republic of China” in article 14 of the first paragraph (2).
Orange heart optimization (Beijing) technology development co., LTD., Shanghai yu ladies Meituan optimizing information technology co., LTD., shenzhen technology co., LTD., Beijing ten hui technology co., LTD., wuhan five companies such as seven kinds of delicious technology co., LTD., the use of false or misleading price means to entice consumers rather than to trade, violates the article 14 of the price law of the People’s Republic of China in the first paragraph (4).
On March 3, 2021, the market supervision administration according to law of orange optimization (Beijing) technology development co., LTD., Shanghai yu ladies Meituan optimizing information technology co., LTD., shenzhen science and technology co., LTD., Beijing ten hui technology co., LTD. Four community group-buying companies such as fined 1.5 million yuan by the administrative punishment, respectively in wuhan seven delicious technology co., LTD., as well as RMB 500000 penalties of administrative penalty.