2024-01-05 11:10:26
Banking stocks were collectively active today and have risen for three consecutive days this week.
On January 5, the three major A-share indexes made collective adjustments. The Shanghai Composite Index fell more than 1% during the session and closed down 0.85%; the Shenzhen Component Index fell 1.07% and the GEM Index fell 1.45%; the turnover of the two cities was 754.634 billion yuan.
On the market, banks, solid-state batteries, small home appliances and other sectors recorded gains. Among solid-state battery concept stocks,Telford Technology, Xinlun New Materials, Jinlongyu3 stocks hit daily limit,Ruitai New Materialsrose more than 11%.
Ice and snow industry stocks performed strongly,Changbai Mountain4 connected boards,Dalian Shengya3 connected boards,Three husbands outdoorsIntraday limit. According to the news, during the three-day New Year’s Day holiday, Harbin received a total of 3.0479 million tourists, with total tourism revenue of 5.914 billion yuan, reaching a historical peak.
On the downside, the co-packaged optics (CPO) sector fell more than 3%.Kechuan TechnologyLimit down,Taishin lightfell by more than 10%; 6G, national defense and military industry sectors were among the top decliners, with each falling by more than 3%.
Guosheng Securities stated that the current market environment has not yet undergone substantial changes and still continues the weak and volatile style at the end of last year. Especially when capital risk appetite declines and trading volume continues to be sluggish, it is difficult for the market to have good trading opportunities. Before there is any major substantive benefit, the market may maintain a bottom-level shock pattern. If the market itself relies on its own strength to form a trend reversal, the time period may be lengthened.
Banking sector gains for three consecutive days
Today the bank index continued to rise against the trend, closing up 1.07%; the bank ETF rose 1.17%. It is worth noting that in the past three trading days this week, the banking sector has continued to rise, with a cumulative increase of 1.77%, and bank ETFs have increased by 2%; during the same period, the Shanghai Composite Index fell by 1.12%.
On December 22 and 23, 2023, six major state-owned banks, Bank of China, Agricultural Bank of China, Industrial and Commercial Bank of China, China Construction Bank, Bank of Communications, Postal Savings Bank of China and China Merchants Bank collectively releasedannouncementAfter lowering the listed deposit interest rate, 11 joint-stock banks followed suit and made adjustments. Some analysts said that the third round of deposit interest rate reductions for state-owned banks and joint-stock banks has begun, which is expected to drive small and medium-sized banks to follow the reduction. Cost expectations of the banking sector will improve, which is expected to alleviate the pressure on net interest margins.In addition, the continued strength of high-dividend stocks has also given a strong boost to the banking sector.
Looking forward to 2024, Wanlian Securities believes that with the recovery of domestic demand and the promotion of fiscal policies, it is expected that investment and consumption on the corporate side and residents will gradually become active, the macro economy will generally show a recovery pattern, and the asset quality of the banking industry may remain stable overall. In terms of profitability, the industry as a whole is in the bottoming stage of performance. As repricing factors gradually subside, the deposit cost interest rate is steadily declining, and the net interest margin is expected to bottom out.
These bank stocks are being targeted by the main players
Securities Times·Databao statistics, in the past 3 days, the main forcenet inflowThere are a total of 18 bank stocks with a stock ratio exceeding 3%. in,Ruifeng Bank, Bank of SuzhouRanked first and second respectively, with net inflow rates of 15.26% and 10.66%;Lanzhou Bank, Qingnong Commercial Bank, Shanghai Pudong Development Bank, Industrial BankFollowing closely behind, the net inflow rates exceeded 7%.
Ruifeng BankIt hit the daily limit today, with a closing price of 5.46 yuan per share, and a total market value of 10.713 billion yuan. January 3, Ruifeng Bankannouncement, the bank received a total of 11.5 million shares of Zhejiang Shengzhou Ruifeng Rural Bank through an agreement to transfer shares. After the completion of this increase in holdings, the bank holds a total of 91.5 million shares of Shengzhou Ruifeng Rural Bank, with a shareholding ratio of 51.99%. As of now, the share delivery for the above matters has been completed.
From an absolute perspective,China Merchants Bank, Agricultural Bank of China, Industrial BankSeveral major banks have had the largest net inflows of main funds in the past three days, followed by 295 million yuan, 293 million yuan, and 254 million yuan; andRuifeng Bank, Bank of Suzhou, China Construction BankThe net inflow exceeded 100 million yuan.
In terms of valuation, the latest valuation of the banking sector is 4.43 times, which is 0.78% of the quantile. Among the above stocks,Bank of Hangzhou, Bank of Nanjing, Bank of Jiangsu, Bank of ChengduandIndustrial BankThe rolling P/E ratio is already lower than the industry.
Caixin Securities pointed out that as the risk-free interest rate center continues to decline, the absolute profit space brought by banks’ high dividend rates has become further highlighted. The current valuation has fully reflected expectations. In the future, as the existing risks are cleared and the economy picks up, it is expected to lead to the restoration of bank valuations.
(Source of article: Databao)
Article source: Databao
Original title: Nearly 6 billion was made in three days, Harbin tourism became popular, ice and snow leading stocks 4 consecutive times!The banking sector has strengthened for three consecutive days, and these stocks have been targeted by funds.
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