A shares staged a deep “V” reversal on the second trading day of the year of the tiger.
In the morning trading on February 8, Yaoming stocks and Contemporary Amperex Technology Co.Limited(300750) fell sharply, the market sentiment was depressed, the three major indexes fell collectively, and the gem index fell by more than 4% at one time. In the afternoon, the three major indexes made a collective counterattack, the Shanghai index turned red strongly, and the 3400 point mark was lost and recovered.
On the disk, the coal and tourism sectors led the rise hand in hand, and the main line of steady growth such as construction, steel and real estate development made renewed efforts. The “bull market flag bearer” rose in intraday changes, and Guolian Securities Co.Ltd(601456) rose the limit in a straight line.
As of the close, the Shanghai Composite Index rose 0.67%, and the decline of Shenzhen Component Index and gem index narrowed to 0.98% and 2.45% respectively.
A shares staged a “V” reversal
In the afternoon of February 8, the three major indexes made a collective counterattack, and the Shanghai Composite Index turned red strongly. From the intraday low to the close, the Shanghai Composite Index rose more than 60 points.
On the disk, scenic spots, tourism and coal mining and processing sectors led the rise hand in hand, rising more than 5% at the close. Among individual stocks, Anhui Jiuhuashan Tourism Development Co.Ltd(603199) , Xi’An Qujiang Cultural Tourism Co.Ltd(600706) , Guangzhou Lingnan Group Holdings Company Limited(000524) , Jinneng Holding Shanxi Coal Industry Co.Ltd(601001) , Anyuan Coal Industry Group Co.Ltd(600397) and other trading limits.
In addition, the main line of “steady growth” has made renewed efforts, and building decoration, steel, real estate development and other sectors have risen one after another.
the change of “bull market flag bearer” raised
According to the data of China Securities Taurus, on February 8, the securities sector rose 2.26%, becoming one of the important forces to help the Shanghai index reverse.
Guolian Securities Co.Ltd(601456) intraday straight-line rise, followed by the daily limit, with a single day turnover of more than 1.5 billion yuan.
Shanghai Chinafortune Co.Ltd(600621) , Sealand Securities Co.Ltd(000750) , Chinalin Securities Co.Ltd(002945) all closed up more than 4%.
Brokerage stocks are known as the “flag bearer of the bull market”. The start of the securities sector is often closely related to the bull market of a shares. In previous trading days, the performance of securities companies was sluggish, and Guolian Securities Co.Ltd(601456) of today’s trading limit had “three consecutive falls”. China Securities News · China Securities Taurus reporter noted that in the market turmoil since the beginning of the year, a large number of funds are pouring into brokerage ETFs through ETFs.
According to the data of 1.97 billion yuan, there are only 1.79 billion ETF shares in the whole market, with an average of 1.73 billion ETF shares.
Guosheng Securities said that the data of the fund’s fourth quarter report in 2021 showed that in the large financial sector, the fund reduced the allocation of banks and insurance, and the securities companies obtained additional allocation. This is because the performance rate of securities companies in the fourth quarter of 2021 is higher than expected, and the annual performance is expected to grow high. In addition, market liquidity and regulatory policies are good for securities companies. At present, the valuation of the sector is cost-effective, and investors are advised to pay attention to allocation opportunities.
institutions are optimistic about the future
China Securities Co.Ltd(601066) Securities believes that the main stock indexes and industry sectors in the current market have been fully adjusted, and there is a basis for rebound in the future. For a shares, the current strong RMB exchange rate will provide greater support for the independence and flexibility of China’s monetary policy. Therefore, we have confidence in the stabilization and rebound of the market after the Spring Festival.
Wang Ying, chief equity strategist of Morgan Stanley China, said: “at present, there are full opportunities to invest in Chinese assets. Our main investment suggestion in 2021 is to over allocate a shares, that is, try to allocate more funds to A-Shares in the overall Chinese portfolio. In 2022, we think this strategy is still effective.”
BlackRock once again emphasized that it is optimistic about Chinese assets in the 2022 global investment outlook report. BlackRock believes that the low allocation of Chinese assets by global investors is inconsistent with the growing influence of China’s economy in the world. Compared with the low global allocation, the institution maintains a long-term over allocation of Chinese assets.
