[Jufeng viewpoint]
On the first trading day of the year of the tiger, A-Shares differentiated, and the Shanghai index rebounded and recovered 3400 points; The growth enterprise market opened high and went low, continuing the adjustment trend. On the disk, engineering consulting services, mining, engineering construction, cement and building materials, steel, oil, coal, chemical fertilizer, energy metals, small metals, insurance, nonferrous metals, batteries, photovoltaic, chemical fertilizer, automobile, banking and other industries led the increase; Wind power equipment, education, cultural media, communication services and other industries led the decline. In terms of one belt, one road is the largest in the market, including fuel, underground, water and gas, assembly, water, phosphorus, natural gas, and other areas. COVID-19 drugs, laser radar, longevity medicine, cloud games and film concepts are among the top 10.
[technical Kanpan]
The market has entered the third wave of rising market on the weekly line. Now, after the adjustment of the third wave of rising market, the market has formed a medium-term volatile market.
In the short term, driven by the cross year market expectation and northward funds, the rise of the two cities fell back and accelerated the adjustment recently, but the overall market still fluctuated in a large range from 3400 to 3700.
[hot sector]
The oil industry (covering oil and gas equipment, mining and natural gas sectors) strengthened: Haimo Technologies Group Corp(300084) 20% limit, Sino Geophysical Co.Ltd(300191) , Tong Petrotech Corp(300164) rose by more than 10%, Zhongman Petroleum And Natural Gas Group Corp.Ltd(603619) , Xinjiang Beiken Energy Engineering Co.Ltd(002828) , China Petroleum Engineering Corporation(600339) , China Oilfield Services Limited(601808) , Geo-Jade Petroleum Corporation(600759) sector, Landocean Energy Services Co.Ltd(300157) , Offshore Oil Engineering Co.Ltd(600583) , Xinjiang Zhundong Petroleum Technology Co.Ltd(002207) , Petrochina Company Limited(601857) , Sinopec Shandong Taishan Pectroleum Co.Ltd(000554) rose by more than 6%. On the news side, during the Spring Festival holiday, crude oil prices hit a new high in nearly eight years.
The strength of the oil sector led to the strength of coal: Shanxi Lanhua Sci-Tech Venture Co.Ltd(600123) rose by nearly 7%, followed by Beijing Haohua Energy Resource Co.Ltd(601101) , Shanxi Coal International Energy Group Co.Ltd(600546) , Guizhou Panjiang Refined Coal Co.Ltd(600395) , and steel, nonferrous metals and other sectors rebounded simultaneously. The steel sector continued to rise in the afternoon, Zhejiang Kingland Pipeline And Technologies Co.Ltd(002443) , Xinxing Ductile Iron Pipes Co.Ltd(000778) limit, Beijing Shougang Co.Ltd(000959) , Citic Pacific Special Steel Group Co.Ltd(000708) , Tianjin You Fa Steel Pipe Group Stock Co.Ltd(601686) , Angang Steel Company Limited(000898) , Fangda Special Steel Technology Co.Ltd(600507) rose by more than 6%.
Cement building materials rose sharply: Gansu Shangfeng Cement Co.Ltd(000672) , Yunnan Bowin Technology Industry Co.Ltd(600883) limit, Huaxin Cement Co.Ltd(600801) , Beijing Hanjian Heshan Pipeline Co.Ltd(603616) , Xinjiang Tianshan Cement Co.Ltd(000877) , Sichuan Shuangma Cement Co.Ltd(000935) , Jiangxi Wannianqing Cement Co.Ltd(000789) , Tangshan Jidong Cement Co.Ltd(000401) , Gansu Qilianshan Cement Group Co.Ltd(600720) , Ningbo Tuopu Group Co.Ltd(601689) , Anhui Conch Cement Company Limited(600585) etc. rose by more than 5%.
Engineering consulting services rose by 8%: Shenzhen Institute Of Building Research Co.Ltd(300675) , Hualan Group Co.Ltd(301027) , Henan Provincial Communications Planning & Design Institute Co.Ltd(300732) , Jsti Group(300284) 20% limit, construction research design, Zhubo Design Co.Ltd(300564) more than 10%, and China Haisum Engineering Co.Ltd(002116) , Anhui Transport Consulting & Design Institute Co.Ltd(603357) , Guizhou Transportation Planning Survey&Design Academe Co.Ltd(603458) , Zhongyan Technology Co.Ltd(003001) limit. On the news, the national development and Reform Commission said it would moderately advance infrastructure investment to stimulate the strength of relevant sectors. In the afternoon, the rise of engineering construction sector expanded to 5%: Xinjiang Beixin Road & Bridge Group Co.Ltd(002307) , Tengda Construction Group Co.Ltd(600512) , Chongqing Construction Engineering Group Co.Ltd(600939) , Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) , Hongrun Construction Group Co.Ltd(002062) , Shandong Hi-Speed Road&Bridge Co.Ltd(000498) , Shanghai Geoharbour Construction Group Co.Ltd(605598) , Huitong group, Xinjiang Communications Construction Group Co.Ltd(002941) , China Communications Construction Company Limited(601800) , Zhejiang construction and other more than 10 shares rose by the limit.
[highlights inventory]
post holiday capital Outlook: liquidity is expected to remain abundant
Although the reverse repo funds of the people’s Bank of China will be returned naturally after the Spring Festival, the large amount of cash returned after the festival will also significantly increase the total liquidity of the banking system. Superimposed on the large amount of treasury bonds due in the first week after the festival, it will also increase a certain amount of liquidity. Some analysts pointed out that, on the whole, if it is more common after the Spring Festival over the years, the market capital after the festival will be more relaxed and the liquidity supply will be relatively more than that before the festival.
62 only! Fund companies pushed new products after the festival!
Although affected by the market shock at the beginning of 2022, a total of 148 new funds were established in January, with a raising scale of only 118.82 billion yuan. A wave of “good start” was somewhat muted. However, it did not affect the enthusiasm of fund companies to actively layout and develop. According to the data, the enthusiasm of fund companies to issue new funds has not decreased. After the Spring Festival, more than 60 new funds have been announced to be issued. On the first trading day of the year of the tiger, there will be “nine arrows at the same time”.
national development and Reform Commission: moderately advance infrastructure investment
Carry out infrastructure investment moderately ahead of schedule and strive to form more physical workload in the first quarter. We will implement policies and measures to boost bulk consumption such as automobiles and household appliances. We will improve the service quality of rural tourism, health care for the elderly and characteristic home stay, and enrich the supply of peripheral tourism, suburban tourism and ice and snow tourism products. Promote the combination of commodity consumption and service consumption, and expand new consumption such as information consumption and green consumption. Accelerate the penetration of the county’s rural e-commerce system and express logistics distribution system.
[fund trend]
According to the statistics of Dongcai, as of the closing, the Shanghai and Shenzhen stock markets showed a net outflow of funds. On that day, the net outflow of funds from Shanghai and Shenzhen stock markets was 2.373 billion yuan. Today, the net inflow of super large orders was 1.168 billion yuan, the net outflow of large orders was 3.542 billion yuan, the outflow of medium orders was 890 million yuan, and the net inflow of small orders was 3.264 billion yuan.
[limit analysis]
Today’s trading limit was 110 and the trading limit was 47;
Today, the number of trading boards in the two cities increased compared with the previous trading day, and the number of trading boards increased compared with the previous trading day. The price limit data showed that market sentiment rebounded slightly today compared with the previous trading day. Hithink Royalflush Information Network Co.Ltd(300033) data show that one belt, one road, two years of construction and decoration, annual report increase, natural gas and assembly building are the main products of the two cities.
[viewpoint strategy]
Before the Spring Festival, A-Shares were corrected continuously, and the overvalued track stocks and growth stocks were significantly adjusted. The undervalued blue chips reflected a certain defensive nature. The make-up decline of blue chips in the last week before the festival was a signal of accelerating bottom building. After spring, the market liquidity will improve, and the spring offensive will be officially launched. From the first trading day of the year of the tiger, the market has not yet come out of the adjustment of overvalued stocks, and undervalued blue chips are still sought after. It is suggested to allocate four sectors: state-owned assets reform, high annual growth, securities companies and oversold new shares.
