Double financing balance
As of January 26, the balance of the two financial institutions on the Shanghai Stock Exchange reported 935.878 billion yuan, a decrease of 2.699 billion yuan compared with the previous trading day; The two financial balances of Shenzhen Stock Exchange reported 821.312 billion yuan, a decrease of 4.459 billion yuan compared with the previous trading day; The two cities totaled 1757.189 billion yuan, a decrease of 7.158 billion yuan over the previous trading day.
Latest views
On Wednesday, the three major indexes in Shanghai and Shenzhen reversed their intraday V-shape. As of the close, the Shanghai stock index rose 0.66%, the Shenzhen Component Index rose 0.70%, the gem index rose 0.99%, the Shanghai and Shenzhen 300 rose 0.72%, the Shanghai Stock Exchange 50 rose 0.60%, and the China Stock Exchange 500 rose 0.57%. The number of gainers in the two cities was 3082, higher than the average value of 1814 last week and 263 in the previous trading day. The daily limit was 60, lower than the average value of 69 last week and higher than 32 in the previous trading day. Northbound funds had a net inflow of 1.139 billion yuan, with an average net inflow of 5.839 billion yuan last week and a net outflow of 3.574 billion yuan the previous trading day. The turnover of the two cities was 795.2 billion yuan. A shares continue to shrink and rebound. At present, the market sentiment has warmed up, but it is difficult to have large funds to enter the market before the festival. Before the holiday, affected by the Fed’s interest rate hike and the regional political crisis, investors’ risk appetite decreased rapidly, resulting in A-share wide adjustment, and panic became the dominant factor in the market. Two weeks before the Spring Festival, A-share investors’ risk appetite has always been cautious. Before the long holiday, investors prefer to fall into bags to avoid the uncertainty risk of overseas markets, especially this year. However, compared with the spread of panic in the market, we are relatively cautious and optimistic. We believe that multiple factors have been amplified. At present, A-shares have responded to the expected risk in advance.
Topic tracking
Focus today: wind power equipment, photovoltaic building integration and engineering construction
1. Theme of wind power equipment: on January 24, the general secretary of the CPC Central Committee Xi Jinping pointed out that we should strengthen the planning and construction of a new energy supply and consumption system based on large-scale wind power bases, supported by clean, efficient, advanced and energy-saving coal power around them, and supported by stable, safe and reliable UHV power transmission and transformation lines. We should give more prominence to promoting the development of new and clean energy, and actively and orderly develop renewable energy. We should accelerate the development of new energy sources such as wind energy, Cecep Solar Energy Co.Ltd(000591) , biomass energy, geothermal energy, marine energy and hydrogen energy with economies of scale, coordinate hydropower development and ecological protection, and actively develop nuclear power in a safe and orderly manner. Suggestions for attention: Dajin Heavy Industry Co.Ltd(002487) (002487), Haili wind power (301155)
2. Theme of photovoltaic building integration: the central policy guidance firmly promotes the dual carbon goal, continues to emphasize the energy revolution, and is conducive to the overall development of new energy. In 2022, wind, light, storage, hydrogen and other industries will further accelerate their development on the basis of last year. The first BIPV roof photovoltaic project without removing tiles in Zhejiang Province – Zhoushan Wanbang Shipbuilding Industry Co., Ltd. (phase II) distributed photovoltaic was officially put into operation. Suggested attention: Construction Research Design (301167), Henan Provincial Communications Planning & Design Institute Co.Ltd(300732) (300732)
3. Project construction theme: Recently, the Ministry of housing and urban rural development issued the “14th five year plan” for the development of construction industry, which proposed to build a modern construction industry development system with effective market mechanism, controllable quality and safety, strong standard support and dynamic market players with the goal of building a world construction power. It is expected that indemnificatory rental housing will become the main contributor to the supporting real estate, and the investment scale is expected to reach 500 billion yuan. In 2022, Shanghai will build and raise 173000 sets (rooms) of affordable rental housing, complete the transformation of houses below grade II old lane in the central urban area, and implement the renewal and transformation of old houses of 10 million square meters. It is suggested to pay attention to: Palm Eco-Town Development Co.Ltd(002431) (002431), Shandong Hi-Speed Road&Bridge Co.Ltd(000498) (000498).
Risk tips
The epidemic has not been effectively controlled, the macro economy has unexpectedly declined, the liquidity crunch has intensified, and the industrial policies are lower than expected.
