Today (January 28) is the last trading day of the A-share lunar year of the ox. the three major stock indexes are divided and have twists and turns throughout the day. As of the close, the Shanghai index fell 0.97% to 3361.44 points; The Shenzhen composite index fell 0.53% to 13328.06 points; The gem index rose 0.07% to 2908.94 points.
Looking back at the stock market in the year of the ox, the Shanghai index fell 8.03%, the Shenzhen composite index fell 16.50% and the gem index fell 14.79%. In addition, today is also the end of A-Shares in January 2022. This month, the Shanghai index fell 7.65% and the gem index fell 12.45%.
From the disk point of view, today’s industry and concept sectors have different ups and downs, and the structural market is still in stock. In terms of industries, tourism hotels, education, commercial department stores, cultural media, computer equipment, agriculture, animal husbandry, feeding and fishing and other industries led the increase; In terms of theme stocks, online tourism, pork concept, film and television concept, radio and television and other gains were higher.
In terms of funds, the central bank announced on January 28 that in order to maintain stable liquidity before the Spring Festival, the people’s Bank of China launched a 200 billion yuan 14 day reverse repurchase operation by means of interest rate bidding on January 28, with a bid winning interest rate of 2.25%. Since 100 billion yuan of reverse repo expired today, 100 billion yuan of net investment was realized in a single day.
hot sector
Top 10 gainers in industry sector
Top 10 industry sector declines
Top 10 gainers in concept sector
Top 10 decline in concept sector
individual stock monitoring
Top 10 net inflow of main forces
Top 10 net outflow of main force
northbound funds
southbound fund
message plane
1. According to Xinhua news agency, the State Council printed and distributed the measurement development plan (2021-2035). The plan defines four key tasks. First, strengthen basic research on measurement and promote innovation driven development. Strengthen the research on basic and cutting-edge technologies of measurement, digital transformation of measurement, new value transmission and traceability technologies, and key common measurement technologies, so as to build a good ecosystem of scientific and technological innovation in measurement. Second, strengthen measurement application and serve the development of key areas. Support advanced manufacturing and quality improvement, serve the development of high-end instruments and precision manufacturing, and improve the measurement support capacity in aviation, aerospace and marine fields. Optimize services in artificial intelligence and intelligent manufacturing, digital China, carbon peak carbon neutralization, public health and safety, etc. Third, strengthen the construction of measurement capacity and enable high-quality development. Fourth, strengthen measurement supervision and management and improve the efficiency of measurement supervision.
2. According to the news from the national development and Reform Commission on January 28, the guiding opinions on accelerating the construction of a national unified power market system recently issued by the national development and Reform Commission and the national energy administration proposed to explore green power trading. Innovate the system and mechanism, carry out the pilot of green power trading, find the environmental value of green power in a market-oriented way, and reflect the priority of green power in trading organization and power grid dispatching. Guide users in need to purchase green power directly, and promote power grid enterprises to give priority to the direct transaction results of green power. Do a good job in the effective connection between green power trading, green card trading and carbon emission trading.
3. According to the securities times, according to the data of the Ministry of finance, in 2021, the national general public budget revenue was 20253.9 billion yuan, a year-on-year increase of 10.7%. Stamp duty was 407.6 billion yuan, a year-on-year increase of 32%. Among them, the stamp duty on securities transactions was 247.8 billion yuan, a year-on-year increase of 39.7%.
4. According to the news client of China Central Television, the State Information Office held a press conference on January 28. Wu Yanhua, deputy director of China’s National Space Administration, said that in the next five years, China’s space station and high-resolution earth observation system will be built, new major projects such as the fourth phase of lunar exploration and planetary exploration will be implemented, the development of heavy carrier rockets will be promoted, the near earth asteroid impact risk response system will be built, the marginal exploration of the solar system and other key projects will be cultivated, and the spectral development of carrier rockets will be promoted, We will continue to improve the national space infrastructure that integrates communication, navigation and remote sensing satellites and integrates heaven and earth, and improve the capacity of the space environment governance system.
institutional perspective
For the current market, Haitong Securities Company Limited(600837) said that the recent decline of A-Shares released some risks in advance. After adjustment, we should be more optimistic about the post holiday market. Because looking back at each decline in the market, it not only brings pressure, but also provides a good opportunity for us to layout high-quality tracks. When others panic, we should calm down, seize every callback opportunity, not be dragged and disturbed by short-term emotions, and actively look for the layout opportunities of a new round of prosperous tracks.
Huatai Securities Co.Ltd(601688) mentioned that squatting down, the weak “restless” market logic from the post festival to the two sessions is clearer: 1) in terms of short-term factors, the center of market risk preference from the post festival to the two sessions moves upward with a high probability. From 2010 to 2021, the rising probability of all a rises to 73% and the average yield rises to 3.0%; The Fed’s interest rate hike and the conflict between Russia and Ukraine do not constitute incremental repression. The former has been within the range of consistent market expectations (the Fed’s four interest rate hikes in March, June, September and December this year are consistent expectations), and the latter does not obviously constitute a negative impact on the fundamentals or liquidity of a shares. The “squat” before the festival actually accumulates power for the “agitation” after the festival. 2) In terms of medium and long-term factors, the period from the end of the policy to the end of the valuation of A-Shares often shows three major stages and five small stages. The current concern about the strength of the policy may show market repair with the expansion of the strength of the policy.
In terms of industry allocation, Northeast Securities Co.Ltd(000686) pointed out that it was concerned about the oversold and high growth sectors that performed well during the rebound after adjustment, as well as the expected improvement of media, agriculture, policy oriented old and new infrastructure, etc.
1) from the adjusted rebound angle, it is expected that the agriculture, value sector and new energy with improved fundamentals will rebound the most. The resumption of the follow-up industry performance after the market stabilized and rebounded after six market adjustments of 5-10 points since 2019. On the whole, the industries with better performance are generally the industries with oversold in the early stage and improved fundamentals. At present, the oversold is mainly new energy, military industry, chips, etc., and the recent performance is more catalytic, and the fundamentals are expected to improve significantly.
2) from the perspective of expected improvement and policy orientation, pay attention to the media (virtual people, games, etc.) catalyzed by the meta universe, the computer catalyzed by the digital economy planning, the agricultural breeding with Festival effect, and the new and old infrastructure with clear policy orientation.
