Multiple positives drive the auto sector higher

After the six-day losing streak, the auto sector rebounded strongly yesterday, soaring 2.23% throughout the day. It was second only to the home appliance sector and ranked second in the CITIC industry.

On April 28, the Guangdong Provincial Government formally proposed that the Pearl River Delta region will promote the use of 45,000 new energy vehicles by 2016. According to the plan, Guangzhou will require the completion of 10,000 vehicles, Shenzhen will complete 25,000 vehicles, and other cities in the Pearl River Delta will complete the promotion of 10,000 new energy vehicles. Before this, Tianjin, Shanghai, Jiangsu and other places also launched their own regional new energy vehicle promotion plan.

At the same time, the recently released annual report shows that the performance of sub-sectors such as auto vehicles, auto parts, and automotive services has increased significantly, and the overall prosperity of the industry has improved; the concepts of electric vehicles and car networking have also warmed up as the automotive market. Brought more investment opportunities in different industry segments. Coupled with news stimulus that the first batch of Tesla vehicles were delivered and used in the country, automobile stocks in the A-share market ushered in the general increase yesterday.

At the close, the CITIC Auto Group rose more or less, and there were 99 stocks that rose throughout the day, including Changchun Yidong and Dengyun Stock Limits. Tianqi Mogu, Gwangyang Shares, Quanchai Power, Zhongding Shares soared by more than 6 %; Besides removing more than a dozen flat stocks, there are only 8 stocks quoted in green, indicating that the sector was favored by funds yesterday. Analysts pointed out that in the context of the introduction of local support policies and outstanding performance of the annual report, the automotive sector is expected to receive continued funding, and is expected to continue its upward trend.