As of 15:00, the net inflow of capital from the north is 3.790 billion yuan, that of Shanghai Stock connect is 2.022 billion yuan, and that of Shenzhen Stock connect is 1.767 billion yuan.
Chen Yans team of CICC issued a document saying that considering the impact of the epidemic gradually subsided in the second half of the year, as the resumption of production and work continues to deepen, the team believes that the thermal power generation capacity may improve. It is estimated that the coal consumption of thermal power in June December is + 5.0% year on year, and the coal consumption of thermal power in the whole year is + 2.4% year on year. Supported by the stable growth policy and the demand for capital construction, the cement demand is expected to remain prosperous, and the coal consumption of steel will continue to increase. The team expects that the coal consumption of building materials / steel industry will be + 2% / + 2% in 2020. It is expected that coal consumption in chemical industry, paper industry and non-ferrous industry will be basically the same, and civil and other coal consumption will be further reduced due to the impact of clean energy heating.
Cai Fangyuan of Galaxy Securities said: the upward trend of A-share shocks in the medium and long term is not expected to change, but we still need to be alert to the risk of callback in the short term. At present, a shares are still relatively low as a whole, and the valuation premium of core assets is relatively small. Medium and long-term investors can closely focus on high growth technology themes and consumption fields. 1. The short-term volatility of the electronic technology industry that has been deeply recalled in the early stage is relatively small. The development of domestic equipment and brands will contribute to the accelerated development of the electronic technology industry chain, such as chips, 5g consumer electronics, semiconductors, etc. 2. In the big consumption sector, liquor, medicine, food and cosmetics are still high-quality industries.