Weekend market hot news interpretation

After stabilizing around 3,815 points, the Shanghai market has seen three consecutive days of gains due to the rise of blue-chip stocks like insurance and banking stocks. Technically, this resembles the "Three White Soldiers" pattern, like three rockets ready to soar, seemingly declaring the end of the market adjustment. In contrast, the ChiNext and Shenzhen markets appear weaker, still consolidating within the range of the previous day's gains. However, this "pregnant line" pattern is also a signal of potential upward movement.

The market's direction is gradually becoming clearer. With financial heavyweights building a platform for gains, thematic stocks are likely to take turns performing. This harmonious technical resonance is like playing a beautiful melody for the year-end rally. But remember, the start of a year-end rally doesn't mean daily surges—just like travelers need breaks during their journey. Every pullback on the K-line chart is like mist in the mountains, seemingly blocking the path but actually nurturing stronger upward momentum. The trend of the slow bull market is now confirmed, and the general strategy remains buying on dips.

Here are some weekend highlights:

1. Tech Sector Sees Continuous Positive News
1. Two departments released measures to implement the "Opinions," which is a significant boost for domestic substitution sectors like IT innovation and local software.

2. Chinese scientists have made breakthroughs in next-gen optical computing chips, benefiting optical communications, CPO, and related chip sectors.

3. Zhipu has officially passed the Hong Kong Stock Exchange's listing hearing. AI applications need this kind of momentum to drive gains.

4. Micron reported strong Q1 earnings, with Q2 guidance exceeding expectations. This triggered a rally in U.S. tech stocks, with Micron up nearly 8% to a record high, Oracle up over 6%, and Nvidia up nearly 4%, which also bodes well for A-share tech stocks.

2. Updates on China Shenhua
China Shenhua released a flurry of 88 announcements last night, likely setting a record. The main content involves plans to acquire assets from China Energy Group and its subsidiary Western Energy for 133.598 billion yuan, covering 12 companies. Additionally, Shenhua plans to inject 6 billion yuan into China Energy Group Finance Co. Shenhua is a solid long-term performer, almost comparable to the universe bank! Its latest dividend yield is 7.98%, far exceeding bank wealth management returns. However, at current levels, further upside may be limited.

3. 540,000 Shareholders Face Sleepless Nights
1. Funeng Oriental will be labeled ST due to false financial disclosures in its annual report, affecting 58,000 shareholders.

2. Guizhou Bailing will also be labeled ST for false financial disclosures, affecting 81,000 shareholders.

3. Late yesterday, high-flying stocks like Pingtan Development and Dongchang Group plunged, trending online. The exact reasons await official announcements, but these companies involve nearly 400,000 shareholders.

Combined, these four companies have nearly 540,000 shareholders, who are likely in for a rough weekend! Additionally, some companies face major shareholder 减持. In short, as year-end approaches, be cautious with high-flying and junk stocks.

4. Xiaomi's EV Progress
As a new player in the auto industry, Xiaomi has obtained an L3 autonomous driving test license in Beijing, indicating official recognition of its tech capabilities. More cars are expected to join L3 testing, so autonomous driving-related concepts may still have opportunities. But be cautious when chasing rallies.

After the "Three White Soldiers" pattern, a pullback is expected, but tech thematic stocks may see catch-up gains. So, enjoy the weekend!