This morning, the main indexes of the A-share market entered the adjustment. Among them, the gem index fell sharply, falling below 2800 points, hitting a new low in nearly 10 months and entering the “technical bear market”.
the main index of A-Shares was significantly adjusted, and the gem fell sharply to a 10-month low
Market data show that in the morning, all the main indexes of the A-share market fell, the Shanghai index fell relatively small, the Shenzhen Component Index and the gem index fell sharply, of which the gem index fell below 2800 points, hitting a new low in nearly 10 months.
As of midday closing, the Shanghai index fell 0.9%, the Shenzhen composite index fell 2.77% and the gem index fell 4.27%.
It is worth noting that the gem index has fallen by more than 20% since its high last year. Generally speaking, the stock index fell by 20% and entered the “technical bear market”, which means that from the perspective of pure technology, the gem index entered the “technical bear market” today.
However, although the main indexes fell and the gem index fell sharply, the number of falling stocks did not rise during the session, and the number of individual stocks was more, and half of the industry sectors were still rising.
the new energy track fell miserably, and the “ningwang” plunged nearly 10%
The new energy track became the main force of the intraday decline, and the CSI mainland new energy index plunged by more than 6%.
Trillion market value of new energy track leading stock Contemporary Amperex Technology Co.Limited(300750) fell nearly 10% in the session, and still fell nearly 9% as of the noon closing.
The Ja Solar Technology Co.Ltd(002459) limit of 100 billion market value.
Another stock with a market value of more than 100 billion yuan Hangzhou First Applied Material Co.Ltd(603806) plunged by more than 8%.
Hangzhou First Applied Material Co.Ltd(603806) announced last night that the company’s meeting considered and adopted the proposal on reconsidering the provision of guarantee for holding subsidiaries’ application for bank credit financing, It is agreed that the company will apply for bank credit financing of no more than 350 million yuan (or equivalent foreign currency) from Agricultural Bank Of China Limited(601288) Taizhou Branch for Zhejiang Huachuang photoelectric materials Co., Ltd., a newly established holding subsidiary, and provide joint and several liability guarantee of no more than 270 million yuan according to the shareholding ratio.
In addition to new energy track stocks, the semiconductor chip sector also fell sharply, Hunan Goke Microelectronics Co.Ltd(300672) , Macmic Science & Technology Co.Ltd(688711) and other stocks fell by more than 10%.
The brewing sector also fell sharply. The intraday decline of Kweichow Moutai Co.Ltd(600519) was more than 4%, and that of Wuliangye Yibin Co.Ltd(000858) was more than 5%.
In addition, a number of performance explosive stocks continued to fall by the limit.
Jiangxi Zhengbang Technology Co.Ltd(002157) the limit fell for the second consecutive trading day. Jiangxi Zhengbang Technology Co.Ltd(002157) (002157) the performance forecast for 2021 released on the last trading day before the Spring Festival shows that the company expects the net loss attributable to shareholders of listed companies to exceed 10 billion yuan in 2021, and the expected loss is 18.2 billion yuan to 19.7 billion yuan.
For the expected large loss, the company explained many reasons, including the sales of 14.9267 million pigs during the reporting period, a year-on-year increase of 56.14%. Due to the decline in the market price of live pigs in China, the average sales price of a single head of the company was 16.60 yuan / kg, a year-on-year decrease of 16.10 yuan / kg, and the income of a single head decreased by 1653 yuan. The increase of sales volume combined with the decrease of sales price affected the profit of 8.873 billion yuan. The company has a single industry and its profit contribution is mainly pig breeding business. Compared with diversified companies, it is more affected by pig cycle.
In addition, Jiangxi Zhengbang Technology Co.Ltd(002157) said that the total number of sows in China decreased sharply from 2019 to 2020 due to the impact of the epidemic. In order to ensure supply and obtain profits, the company expanded rapidly by purchasing high-priced sows. During the reporting period, thanks to the rapid increase of the company’s own sows and the continuous decline of pig prices in China, the company made a strategic transformation from rapid development to high-quality development. It not only disposed of the inefficient sows purchased at high prices in the early stage, but also further optimized the population in order to improve the efficiency of sows, optimize resources, reduce costs and ensure the safety of funds, A total of 2.2 million dead Amoy fertile sows and reserve sows, with a loss of 6.2 billion-6.8 billion yuan.
In addition to the above sectors and individual stocks, the Chinese prefix concept is relatively strong, and China Mobile, China Telecom Corporation Limited(601728) , China Life Insurance Company Limited(601628) and so on all rose against the trend.
“Yaoming” is a stock crash: Yaoming biology fell more than 30% in the session, and the company responded urgently to
“Yaoming” refers to the collective collapse of stocks in early trading. Hong Kong shares of YaoMing biology once fell more than 30% in the session, Wuxi Apptec Co.Ltd(603259) Hong Kong shares fell more than 20% in the session, and Wuxi Apptec Co.Ltd(603259) A shares firmly sealed the limit. Sources said that the U.S. government included 33 Chinese entities in the “unverified list” of the U.S. Department of Commerce, including Yaoming biology.
Yaoming biological released a statement on the official wechat this morning, saying that the “unverified list” is not the well-known “entity list” or “blacklist” of the United States.
According to the above statement, Yaoming bio has been importing some hardware controllers of bioreactor and some hollow fiber filters, which are subject to U.S. export controls.
The statement said that this has no impact on the company’s business or the continuous service of global partners. Since such equipment is not required after the construction of facilities in Shanghai and Wuxi, the impact on their import is very small. The statement also said that the company is also taking temporary measures to remove these subsidiaries from the list before inspection.
After the sharp decline, Yaoming biological suspended trading in Hong Kong, and its share price fell nearly 23% before the suspension.
It is worth noting that the sharp decline of “Yaoming” stocks also led to the sharp decline of other cro concept stocks, Pharmaron Beijing Co.Ltd(300759) once plunged by more than 10%.
How about the future of ? Institutions are generally optimistic
Founder Securities Co.Ltd(601901) believes that the current adjustment of the A-share market is coming to an end, and the market situation in February is worth looking forward to. On the one hand, the current market adjustment range has been relatively sufficient; On the other hand, the Fed’s interest rate hike will not necessarily lead to the rise of China’s interest rate. The current market liquidity and policy environment are very friendly to the market. In the context of relatively abundant and friendly liquidity environment, low overall market valuation and the industrial logic of the zugra cycle of emerging industries, we are optimistic about the market performance of science and technology growth companies represented by new energy and TMT.
Zhongtai Securities Co.Ltd(600918) according to the research report released earlier, after the festival, in the empty window period of “substantial interest rate hike” by the Federal Reserve, China’s steady growth policies such as RRR reduction, savings force, social finance and other indicators stabilize, the market may open the “spring market”. Zhongtai Securities Co.Ltd(600918) said that considering the benefits of the comprehensive registration system and steady growth on undervalued blue chips, the potential suppression of high valuations by the Fed’s “hawks”, and the strength and non record low of undervalued blue chips such as SSE 50 during the adjustment in January, we believe that the market after the festival is still the main line of blue chips. In terms of specific configuration, undervalued blue chips still adhere to three lines: 1) securities companies; 2) Central enterprises with high dividends related to national reform, especially the development direction of central finance such as railway and electric power; 3) Green electricity.
At the same time, some drugs related to the epidemic, such as ventilator and vaccine, have also entered the allocation range.
China Securities Co.Ltd(601066) Chen Guo’s team released a strategy research report yesterday and believed that the current market sentiment has reached the lowest point in nearly three years, the main stock indexes and industries have been fully adjusted, and there is a rebound foundation in the follow-up. Although the current China US monetary policy cycle is in a “dislocation period” and China is facing the pressure of global liquidity tightening, China’s current easing cycle is not over due to China’s economic fundamentals cycle and policy independence. For a shares, it believes that the impact of “internal loosening” is greater than that of “external tightening”, The current strong RMB exchange rate will provide greater support for the independence and flexibility of China’s monetary policy. Therefore, although the current market has a lot of worries about the future market, it still has confidence in the stabilization and rebound of the market after the festival. It is suggested to grasp the three lines of counterattack: 1) wide currency and wide credit will continue to increase, and the stable growth market will continue to deduce; 2) At present, the high prosperity of some high-quality growth stocks is still supported by fundamentals, and the valuation contraction is expected to come to an end. The market began to respond to the expectations of the first quarterly report, and ushered in a counterattack after further verification of fundamentals; 3) The global Omicron epidemic has ushered in an inflection point. Some consumer varieties currently greatly affected by the epidemic are expected to benefit from the improvement of the epidemic and the support of China’s policy of expanding domestic demand. Focus on industries: new energy, food and beverage, electronics, banking, real estate, construction, etc.
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