A-share midday report | Shanghai Composite Index falls 0.39% in half a day, consumer stocks show divergence, the stock prices of the four major banks hit a new historical high again

April 18th, A-shares weakly fluctuated in the morning session, with over 4000 stocks in the market trading in the red. By midday closing, the Shanghai Composite Index fell by 0.39%, the Shenzhen Component Index fell by 0.31%, and the ChiNext Index fell by 0.40%. Orient believes that from the market trend perspective, except for the sharp drop last Monday, the stock indices have shown a rapid recovery trend. On one hand, proactive and timely policy responses have been effective, and on the other hand, market confidence regarding the trade war is gradually increasing. As the March economic data is gradually revealed, showing a good start to the first quarter, the market trend is expected to gradually normalize. On the market, the banking sector has strengthened against the trend, with the Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, and China Construction Bank Corporation all reaching historical highs during trading. 5G concept stocks have risen, with stocks like Wuhan Fingu Electronic Technology hitting the limit up. Weight loss drug concept stocks have been active, with Kingchem leading the way. The real estate sector has surged and fallen back, with Tianjin Tianbao Infrastructure having a continuous trading halt. Consumer stocks are showing divergence, with popular stock Gansu Guofang Industry & Trade hitting the limit up again, recording 10 trading halts in 11 days. On the downside, precious metals, dairy, and tourism hotel sectors have seen the highest declines in index. Looking ahead, Huaan stated that with the domestic macroeconomic policy offsetting expectations rising, and with clear signals of market stability, liquidity protection, and a boost in risk appetite, the market is expected to continue slowly rising amid fluctuations. Popular Sectors: 1. The banking sector continues to strengthen 2. 5G concept stocks rise during trading 3. Weight loss drug concept stocks strengthen Institutional Views: 1. Huaan: The market is expected to continue slowly rising amid fluctuations, optimistic about three clues 2. Orient: Market trend will gradually normalize 3. EB SECURITIES: Expected to gradually overcome short-term disturbances Please note that the translation may not be perfect and some details may be lost in translation. In addition, listed companies that actively buy back and increase holdings are worth paying attention to. In terms of industry distribution, these listed companies are mainly distributed in industries such as electronics, automobiles, and mechanical equipment.This article is reprinted from "Tencent Stock Selection", GMTEight Editor: Wang Qiujia.