Strategies Before May 1st Holiday
The market was volatile today, with the ChiNext Index rebounding, while the Shanghai Composite Index fell slightly.
As of the close, the Shanghai Composite Index dropped 0.02%, the Shenzhen Component Index rose 0.33%, and the ChiNext Index surged 1.54%.
The individual stocks were mostly up, with over 3300 stocks rising, and trading volume reached 11222 billion, down from yesterday's 117 billion. Northbound funds bought a net of 7.51 billion yuan throughout the day.
The sector that performed well today was the semiconductor industry, with many stocks rebounding. The concept stocks of eye care and AI also showed mixed performance, while the liquid cooling direction performed strongly.
The stocks that fell were mainly in the algorithm and nationalized cloud sectors.
New Energy Sector Sees Sharp Rebound Today
Ningde Times surged 5.40%, with battery-grade lithium carbonate prices continuing to rise, signaling a stabilizing trend. The inventory levels of major battery companies such as Ningde Times and Yibin Lithium Energy have also begun to decline.
The solar equipment sector saw significant gains today, with Yangtze Electric Power surging 14.67%. According to yesterday's report, Yangtze Electric Power reported a revenue increase of 66.79% year-on-year and a net profit increase of 127.04%.
No trading suggestions for today.
With the May 1st holiday approaching soon, many people are starting to think about their financial planning during the break.
Caigou shares some tips on how to invest wisely during the holiday.
The First Tip: Government Bonds Reverse Repurchase Agreement
During the holiday period, government bonds reverse repurchase agreement products with short terms tend to offer good investment opportunities. Besides increased interest rates, yields may also surge, making it suitable for securities accounts with excess funds.
Tomorrow, April 27th, is a great day to participate in a 1-day government bond reverse repurchase agreement, which will give you the chance to earn interest on your investment for 6 days, including the May 1st holiday.
Be aware that participating on Fridays (April 28th) will not qualify for the holiday interest.
The Second Tip: Bank-Backed Deposit Index Fund
This fund tracks the CSI AAA Index of commercial bank deposits and invests at least 80% of its assets in the constituent stocks or alternative stocks.
Bank-backed deposit index funds have relatively low volatility, controlled risk, and strong liquidity. They are a good choice for investors without securities accounts.
For example, Penghua CSI AAA Index 7-Day Holding Period Securities Investment Fund (014437).
The Third Tip: Short-Term Bond Fund
A short-term bond fund typically refers to a debt fund with a remaining term of less than 397 days. Since the term is longer than that of bank-backed deposit index funds, the yields are also higher.
However, before investing, please check when the interest starts accruing. Some short-term bond funds will stop accepting new investments tomorrow. Make sure to read the fine print carefully.