The market fluctuated and rebounded throughout the day yesterday, with the Shanghai Composite Index rising by more than 1%, regaining 3,100 points. On the market, port stocks were strong throughout the day, and Shenghang shares reached their daily limit. The automobile sector strengthened again in the afternoon, with Zhongtong Bus (000957) recording 9 consecutive gains. In addition, many sectors such as oil and gas, electric power, UHV, media, and breeding are active in turn, and the market is characterized by rapid rotation of sector hot spots. Generally speaking, individual stocks rose more than they fell. Nearly 4,000 stocks in the two cities rose. Individual stocks showed a general rise pattern, and the two cities once again reached the daily limit of 100 shares. The turnover of Shanghai and Shenzhen stock markets yesterday was 762.2 billion, a decrease of 228.2 billion from the previous trading day. In terms of sectors, sectors such as port shipping, oil and gas exploration, complete automobiles, and green electricity were among the top gainers, while only a few sectors such as the monkeypox concept fell. As of the close, the Shanghai Stock Exchange Index rose 1.19%, the Shenzhen Component Index rose 0.7%, and the ChiNext Index rose 0.32%. Northbound funds bought 3.409 billion yuan in net throughout the day, including 2.045 billion yuan in Shanghai-Hong Kong Stock Connect and 1.365 billion yuan in Shenzhen-Hong Kong Stock Connect.

The three major U.S. stock indexes closed higher overnight, with the Dow Jones Industrial Average rising 0.6%, the S&P 500 Index rising 0.95%, and the Nasdaq Composite Index rising 1.51%. Software applications and new energy vehicle sectors were among the top gainers, with Nvidia rising by more than 5%, Tesla rising by more than 4%, and Amazon rising by more than 2%. The oil and gas, aviation, and semiconductor sectors all strengthened. American Airlines and JetBlue Airways rose more than 4%, Delta Air Lines and NXP rose more than 3%, and Exxon Mobil and Total rose more than 2%. Most of the popular Chinese concept stocks rose. Didi rose by more than 18%, iQiyi rose by nearly 5%, Pinduoduo, Baidu, and Zhihu rose by more than 3%, and Li Auto rose by more than 2%.

At today's morning meeting of brokers, CICC believed that the signal for stable growth was very clear, and the economy is expected to rebound significantly in the second half of the year; CITIC Construction Investment (601066) believed that it would focus on lithium resource targets; Tianfeng Securities (601162) believes that during the 618 period, the full discount discounts on the platform will be further strengthened.

CICC: The signal of stabilizing growth is very clear, and the economy is expected to rebound significantly in the second half of the year

CICC believes that on May 25, the State Council held a national video and telephone conference on stabilizing the economy. Against the background of recurring epidemics and increasing downward pressure on external demand, the signal released by the meeting to stabilize growth was very clear. The meeting pointed out that it is necessary to "efficiently coordinate epidemic prevention and control and economic and social development, put stabilizing growth in a more prominent position, strive to protect market entities, maintain employment and people's livelihood, and strive to ensure reasonable economic growth and an early reduction in the unemployment rate in the second quarter," and pointed out that the National Standing Committee Implementation details of the determined package of policies to stabilize the economy will be issued by the end of May. In fact, many ministries and commissions have recently stepped up their efforts to introduce policies to stabilize growth. As the policies to stabilize growth are further implemented and the superimposed epidemic is gradually brought under control, the economy is expected to rebound significantly in the second half of the year.

CITIC Construction Investment: Focus on lithium resource targets

CITIC Construction Investment believes that the scarcity of resources has become more prominent. In 2022, the growth of global lithium resource supply will be limited, and the shortage of raw materials will remain acute. At the same time, lithium salt processing capacity will be relatively abundant, and the profits of the industrial chain will accelerate the transfer to the upstream resource end. Mines account for most of the profits of the industrial chain, and have their own mines/salt lakes. Enterprises with resources will benefit more. Enterprises with integrated industrial chains with mining resources and lithium salt processing are the best among the best, focusing on the enterprise resource self-sufficiency rate index.

Tianfeng Securities: During the 618 period, the full discount discount on the platform side has been further strengthened

Tianfeng Securities believes that from the perspective of platform rules, the full discount discount on the platform side has been further strengthened. The deposit/final payment time for some pre-sales has been further advanced to 8 p.m., further highlighting the importance of the pre-sale period. From the perspective of strategy, the entire network platform has increased its support for emerging brands and categories. Traditional container-based e-commerce platforms such as Tmall and JD.com continue to iterate and innovate in gameplay, and strategically gradually refine scenarios to achieve layered and in-depth reach of existing and incremental users. Live streaming e-commerce platforms such as Douyin and Kuaishou use multi-scenario red envelope rain, new Customer gift money and other methods are provided in order to increase the popularity of the platform and expand the user base during the major sales period.