Heavy Shoes Land, May Opens Red
Today's big board continued to oscillate throughout the day, with the Shanghai Composite Index rebounding, while the Shenzhen Component Index dropped 0.57% and the ChiNext Index fell 1.16%.
Sector-wise, many stocks rose, with over 2,800 individual stocks gaining ground, and a total trading volume of 11717 billion, up by 548 billion from last week, with the Shanghai Composite putting in a notable increase.
The market saw media and game stocks surge, while financial stocks were strong, with Chinese medicine and "Belt and Road" concept stocks experiencing a high-voltage rally.
On the downside, the semiconductor sector entered an adjustment phase.
From today's developments, it can be seen that media and game stocks are backed by AI, while financial stocks are driven by estimates of middle-income groups.
Looking ahead to the Labor Day holiday, three key points worth paying attention to include:
1. According to data released by the National Tourism Administration, a total of 274 million people took domestic tours during the five-day holiday in 2023, up 70.83% year-on-year; meanwhile, tourism revenue reached 148056 billion yuan, up 128.9% year-on-year;
2. The April manufacturing PMI has fallen below the neutral line, indicating a slowing down of the manufacturing sector's growth momentum; however, the service sector remains robust and expanding;
3. The US Federal Reserve has announced its tenth rate hike this cycle: a 25-basis-point increase in the federal funds target range to a near-six-year high of 5% to 5.25%.
Finally, let's talk about today's operations.
Today marks the 40th day since I started automatic investing with my robo-advisor, which has invested 1000 yuan so far.
As of today, I have invested a total of 46000 yuan, with cumulative returns reaching 80.45 yuan (as of April 28th).
After upgrading to a portfolio group, my robo-advisor has been running for 371 days, with cumulative returns of 3.72%, maximum drawdown of -3.76%, and annualized returns of 3.8%.
I will continue to invest every Thursday, with my robo-advisor also updating portfolio returns on the same day. Welcome everyone to join me in this journey and let's get started!
This article was first published on WeChat Public Account: Cai Niao Finance. The views expressed are those of the author and do not represent the stance of Hexun News. Investors should take full responsibility for any actions taken based on this article.