Limit-up Review: The recent main theme is high-low switching. Shenjian Co., Ltd. hits four consecutive limit-ups, Zhangxue Motorcycle Concept Hongchang Technology achieves a 20CM 2-day streak.

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Today, China A-share’s three major indexes all pulled back. More than 4,300 individual stocks in the entire market fell, over a hundred stocks dropped by more than 7%. In terms of high-limit boards (5 consecutive boards yesterday), Menovation fell by more than 5%, and the market’s ceiling-board streak dropped to 4 consecutive boards. As of the close, the Shanghai Composite fell 0.80%, the Shenzhen Component fell 1.81%, and the ChiNext index fell 2.70%. The total trading value across Shanghai and Shenzhen and Beijing was 2,006.1 billion yuan, up 78.3 billion yuan from yesterday.

By sector, the Zhang Xue motorcycle concept surged again after noon. Hongchang Technology surged into a 20CM two consecutive limit-up boards. Huayang Racing and Hongquan Technology rose by more than 10%, while Zhenghe Industrial and Qianjiang Motorcycles hit the daily limit. Strong sectors have been taking turns to play catch-up and fall recently. After the power sector dropped sharply yesterday, today the lithium battery sector also made a big pullback. Haibo SiChuang fell by more than 12%, EVE Energy fell by nearly 10%, and Enjie Co., Ltd. and Chengcheng Mining, among others, fell by more than 8%.

Across the whole market today (excluding ST stocks and delisted stocks), there were 53 stocks that hit the daily limit. The total number of consecutive limit-up stocks was 8. Among them, there were 2 stocks with three consecutive limit-ups or more. Of the consecutive limit-up stocks from yesterday, only Shen Jian Co., Ltd. and Jin Yao Pharmaceutical advanced. In terms of focus stocks, the fiber optics concept stock Xineng Taishan hit 5 limit-ups in 6 days. Shuhua Sports, in the sports industry chain, hit 5 limit-ups in 8 days. Shen Jian Co., Ltd., in the commercial space concept, hit 4 consecutive limit-ups. In the pharma sector, Wanbangde hit 4 limit-ups in 6 days, and Jin Yao Pharmaceutical hit 3 consecutive limit-ups.

**1.**Sector momentum

2. Up/down limit “temperature”

3. Number of limit-up and limit-down stocks

4. Revealing the limit-up details


5. Related hot topics

1)High-speed rail: China will build high-speed rail under the Yangtze River, with total investment in the along-river high-speed rail exceeding 500 billion yuan, driving value-added growth of nearly 1.5 trillion yuan in upstream and downstream industries.

2)Commercial space: SpaceX plans to raise more than $75 billion, higher than the previously reported estimate of $50 billion, with the latest valuation at $1.25 trillion.

3)Sports/motorcycles: Zhang Xue motorcycle sales say that in the two or three days after winning, orders surged, and the orders are already queued up for June.

4)Electric power: The National Data Administration proposes to strongly promote the compute-and-power coordination project, requiring that in newly built compute capacity facilities at hub nodes, the share of green electricity used for applications reach 80% or more.

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