Zhengzhou Hongda iron and Steel shares are still strong, more than 10 shares of Xining iron and Steel Co., Ltd. At the same time, some stocks have shown a rapid decline trend in recent years. Rendong holdings, which had been in a continuous decline limit before, fell to the limit again today, and its share price was slashed in 8 trading days. In addition, Dalian Shengya, Longbo technology and other stocks also fell continuously. Some companies with a market value of 100 billion yuan also suffered heavy losses. Yiwei lithium energy, Great Wall Motors and other stocks fell by more than 6%, while Tongwei shares, BYD and Ganfeng lithium industry all fell more than 4%.
A million hands closed down the limit, the big bull shares cut back in 8 days
Yesterday evening, Rendong holdings issued a notice of abnormal fluctuations in stock trading, saying that in addition to the previously disclosed information about the change of owners, there is no information that should be disclosed but not disclosed. Since May 5, the companys stock price has been down for 1.1 billion yuan. Today, Rendong holding still fell to the limit at the beginning of the day, with more than one million orders sealed. In a short period of eight trading days, the stock price has been cut.
Once upon a time, Rendong holdings was a slow Bull Stock in the A-share market. Its share price rose for 10 consecutive months, with the largest increase of more than 4 times this year. Success is nothing but defeat. The rise in the companys share price is due to the potential benefits of selling to SASAC, and the stock price collapse is also due to this. On November 18, Rendong holdings announced that the management agreement on voting rights signed by the shareholder Rendong information and haikejin expired one year, and the two parties would not renew it. The actual controller of the company was changed back to Huo Dong, a natural person. Since then, the stock began to collapse.
More than 100 billion market value stocks fell sharply
However, some stocks with a market value of 100 billion yuan fell sharply. For example, Great Wall Motors, the leader of new energy vehicles, closed down more than 6% in the afternoon and Tongwei shares, a leading photovoltaic company, fell nearly 5%. These decline in the top heavy stocks, mostly concentrated in the previous strong performance of the plate, such as lithium batteries, photovoltaic and so on. Analysts pointed out that in the context of stock game, plate rotation may lead to capital outflow from high-level stocks and into relatively low-level stocks.
Northbound capital to increase the pro cyclical leading stocks
Pro cyclical plate warm thick, more and more securities companies also began to look good. New era Securities believes that the pro cyclical main line benefiting from the economic recovery is the main line that is most likely to lead the rise in the next quarter or two, and may even exceed expectations. From the end of 2008 to the beginning of 2011 and from 2016 to 2017, the characteristics of cyclical stock market tell us that the first wave of cycle stock market is most worth participating in, and may last until the middle of 2021. In terms of plate, the most optimistic about nonferrous metals and chemical industry: on the one hand, the commodity with the largest price increase in the previous round is generally weak in the next round. On the other hand, in this round of demand cycle, the upward space of infrastructure and real estate is small, while the upward space of global consumption and manufacturing investment is larger, and the demand of nonferrous metals and chemical industry is relatively more beneficial.
Statement: all information in data bank does not constitute investment advice. Stock market is risky and investment should be cautious.
Source: Securities Times editor in charge: Yang Bin_ NF4368