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stackerarcadegame| Outlook for important information affecting the market next week: housing prices in 70 cities in April will be adjusted to real-time turnover and daily quota balance for northbound transactions on the Hong Kong Stock Exchange

2024-05-12 editor Views(15)

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According to the principle of "ten working days", the window for this round of price adjustment will be 24:00 on May 15; the adjustment of the real-time trading volume and daily quota balance of northbound trading on the Hong Kong Stock Exchange will be officially implemented on the 13th; and on May 17, the National Bureau of Statistics will release the monthly report on the commodity housing sales price index in April.

[blockbuster news]

Oil products welcome the window of price adjustment

According to the principle of "ten working days", the window for this round of price adjustment is 24:00 on May 15th. According to Jinlianchuang's calculation, as of the sixth working day on May 10, the average price of reference crude oil was 82 US dollars per barrel, with a change rate of-4.Stackerarcadegame.54%, the corresponding domestic retail price of gasoline and diesel should be reduced by 210 yuan per ton.

Citigroup Research on Thursday predicted that oil prices will fall during 2024, with Brent crude oil futures expected to trade at $86 a barrel in the second quarter and $74 in the third quarter. "with crude oil trading down more than $10 a barrel from its peak, we cannot rule out some speculative buying, but we still believe that in the face of geopolitical risks and loose fundamentals, the right strategy is to sell high." Citigroup added.

The adjustment of the real-time turnover and daily quota balance of northbound trading on the HKEx will be officially implemented on the 13th.

HKEx announces that with reference to the notice issued by the Exchange on May 3, 2024, following the successful completion of the pre-launch test on May 11, the adjustment of the real-time trading volume and daily quota balance for northbound transactions will be implemented on Monday, May 13.

House prices in 70 cities will be released in April.

On May 17, the National Bureau of Statistics will release the monthly report on the price index of commercial housing sales in April. Previous data showed that in March, the price of newly built commercial housing in first-tier cities fell 0.1% month-on-month, 0.2 percentage points lower than the previous month, while the price of new commercial housing in second-tier and third-tier cities fell 0.3% and 0.4%, respectively, the same rate as the previous month.

Multiple meetings will be held

The 2024 Global Trade and Investment Promotion Summit will be held in Beijing on May 13. With the theme of "mutual trust and cooperation: choices in changing situations", this summit will explore ways to deal with global challenges through mutual trust and cooperation over the past century, and strive to inject more certainty into the world's economic and social development.

The eighth China-Russia Expo will be held in Harbin from May 16 to 21. The Ministry of Commerce said that together with Russia, it will continue to take positive measures to consolidate the scale of trade in energy, minerals, grain and other commodities, and expand cooperation in emerging areas such as trade in services, digital economy, green and low carbon.

The 2024 Shanghai Information consumption Festival will be held from May 17 to June 17, including innovative events, ecological bazaars, high-end dialogue, supply and demand docking, etc., to promote digital information consumption from science and technology, industry, finance and other aspects, and release the new potential of information consumption.

Economic data to be released in April

On May 17, the National Bureau of Statistics will release economic data such as industrial added value, investment in fixed assets and total retail sales of consumer goods in April.

stackerarcadegame| Outlook for important information affecting the market next week: housing prices in 70 cities in April will be adjusted to real-time turnover and daily quota balance for northbound transactions on the Hong Kong Stock Exchange

Huachuang Securities believes that there may be an increase in the positive fundamentals reflected in the April economic data, and a number of itemized readings are expected to improve. On the production side, PMI pointed to faster expansion in manufacturing production in April, and industrial growth is expected to rise slightly to more than 5 per cent. From the point of view of demand, export readings are expected to correct at a low base, continuing the trend of weak recovery, and the support of import prices for readings may become weaker; in terms of investment, the high-frequency data related to infrastructure investment in April are more positive, especially the month-on-month rise in investment prices, and the growth rate of fixed assets may rise to about 4.8%. In addition, the growth rate of total retail sales of consumer goods is expected to be around 4.5%.

The market value of restricted shares has been reduced to less than 40 billion yuan. Three Science and Technology Innovation Board companies take the lead.

According to Wind data, there will be more than 2.8 billion restricted shares in circulation on the Shanghai and Shenzhen stock markets next week (May 13-17), with a market capitalization of nearly 40 billion yuan based on the closing price on May 10, down sharply from this week. From the perspective of individual stocks, the companies with larger market capitalization are Yahuilong, Bozhong Seiko, Maixinlin, Huatong Cable, Bee Assistant, Folai New material, and so on, of which the market capitalization of the first three restricted shares is the highest, all exceeding 2 billion yuan, and all are Science and Technology Innovation Board Company.

[opportunities for new shares]

According to Wind data, there will be no applications for new shares next week, but one new share will be listed. Redi Zhixu stock will be listed on the gem of Shenzhen Stock Exchange on May 13.

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