[midday review strategy]
The three major indexes opened sharply higher, but then the trend of the index differentiated. As of midday closing, the Shanghai index rose 1.91%, the Shenzhen Composite Index rose 1.04% and the gem index rose 0.48%. In terms of northbound funds, the Shanghai Stock connect had a net inflow of 6.352 billion in early trading and the Shenzhen Stock connect had a net inflow of 612 million in early trading.
In terms of sectors, oil and gas exploitation, underground pipe network, steel, cement, coal, phosphorus chemical industry and other sectors led the increase, while tourism, education, covid-19 treatment, mobile games, media and other sectors led the decline.
On the disk, the oil and gas sector opened stronger and the bank sector opened higher. Infrastructure stocks broke out during the session, Hualan Group Co.Ltd(301027) , Henan Provincial Communications Planning & Design Institute Co.Ltd(300732) 20cm limit, China Communications Construction Company Limited(601800) , Beijing Hanjian Heshan Pipeline Co.Ltd(603616) , Anhui Transport Consulting & Design Institute Co.Ltd(603357) , Ningxia Qinglong Pipes Industry Group Co.Ltd(002457) , Hongrun Construction Group Co.Ltd(002062) , Shandong Hi-Speed Road&Bridge Co.Ltd(000498) and other stocks. In addition, cement, steel and other sectors related to infrastructure also rose sharply.
Overall, individual stocks rose more and fell less, with more than 3400 stocks rising. The half day turnover of Shanghai and Shenzhen stock markets reached 553.7 billion yuan, 56.6 billion yuan higher than that in the morning of the previous trading day. The trading volume of the two markets significantly warmed up in the morning of the first trading day after the festival.
[message plane]
1. Three departments: encourage leading iron and steel enterprises to implement merger and reorganization and build several world-class super large iron and steel enterprise groups
The Ministry of industry and information technology and other three departments issued the guiding opinions on promoting the high-quality development of the iron and steel industry and proposed to promote the merger and reorganization of enterprises. Encourage industry leading enterprises to implement merger and reorganization and build several world-class super large iron and steel enterprise groups. Relying on the advantageous enterprises in the industry, cultivate 1 ~ 2 professional pilot enterprises in stainless steel, special steel, seamless steel pipe, cast pipe and other fields respectively. Encourage cross regional and cross ownership mergers and acquisitions of iron and steel enterprises, change the “small scattered” situation of iron and steel industry in some regions, and enhance the endogenous driving force for enterprise development. Orderly guide independent hot rolling and coking enterprises in Beijing, Tianjin, Hebei and surrounding areas to participate in the merger and reorganization of iron and steel enterprises. When carrying out smelting project construction for enterprises that have completed substantive merger and reorganization, give policy support for capacity replacement. Financial institutions are encouraged to actively provide comprehensive financial services to iron and steel enterprises implementing merger and reorganization, layout adjustment, transformation and upgrading in accordance with the principles of controllable risk and sustainable business.
