brief description of disk
On Tuesday, A-Shares rebounded from the bottom, with obvious differentiation: financial stocks stabilized the Shanghai stock index, and technology stocks made up for the decline, resulting in a sharp intraday drop of nearly 5% in the gem index; In the afternoon, the stock index stopped falling and rebounded, and the Shanghai index turned red. On the disk, tourism and hotel, coal, decoration, education, diversified finance, household light industry, port and shipping, engineering construction, gas, commercial department stores, insurance, steel, banking, brokerage and other industries led the increase; Batteries, energy metals, photovoltaic equipment, semiconductors and other industries fell deeply. In terms of subject stocks, the growth of blind box economy, electronic license sector, online tourism, Huawei shengteng, RCS concept, sponge City, assembly building, state-owned cloud concept and digital currency ranked first, while the decline of blade battery, CRO, solid-state battery, automobile chip, sodium ion battery, MLCC and IGBT concept ranked first.
message plane
a shares welcome the good start of the year of the tiger: the Shanghai index rose 2%
The three major A-share indexes opened high on the first trading day of the year of the tiger. As of the closing, the three indexes rose collectively, including the Shanghai index rose 2.03%, the Shenzhen Composite Index rose 0.96% and the gem index rose 0.31%. The market turnover reached about 820 billion yuan, and most of the industry sectors rose, led by engineering consulting services, mining industry and combustible ice concept. Northbound funds bought a net 5.552 billion yuan on the same day.
three departments: encourage leading iron and steel enterprises to implement merger and reorganization
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.
history is rare! The more you fall, the more you buy. In January, 56 billion yuan was used to get the bottom through ETF!
The A-share market had a poor performance at the beginning of 2022 and continued to fluctuate and fall, while some funds were looking for the layout direction. As a capital wind vane, the stock exchange open-end Index Fund (ETF) showed a net share growth as a whole. Based on the average transaction price of the range, more than 56 billion yuan net flowed into the stock ETF within one month.
Jufeng view
Medium term strategy:
Jufeng investment adviser believes that the liquidity at the macro level has been gradually improved, and the central bank has continuously cut reserve requirements and interest rates to release liquidity, indicating that the policy bottom has appeared; The medium-term market is expected to rise, but the construction of the market bottom is more complex and there is a time lag between the market bottom and the policy bottom. We should be more patient.
pre market judgment: 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. Due to the immeasurable rebound and the correction of US stocks, it is expected that A-Shares will step back on Monday’s rebound on Tuesday. If they can bottom up and release the trading volume, the market is expected to strengthen, otherwise they will continue to adjust.
In fact, the differentiation of A-share index in early trading showed a pattern of strong Shanghai and weak Shenzhen. Leading track stocks such as Contemporary Amperex Technology Co.Limited(300750) (the largest decline of 10%), Eve Energy Co.Ltd(300014) , Wuxi Lead Intelligent Equipment Co.Ltd(300450) , Sunwoda Electronic Co.Ltd(300207) , Sungrow Power Supply Co.Ltd(300274) , Ginlong Technologies Co.Ltd(300763) fell sharply. The U.S. Department of Commerce included 33 Chinese companies in the “unverified list”, and the Hong Kong stock Yaoming biology fell by 30%, Wuxi Apptec Co.Ltd(603259) H shares fell by 27%, Wuxi Apptec Co.Ltd(603259) A shares fell by the limit, which led to the sharp decline of the cro sector, Pharmaron Beijing Co.Ltd(300759) , Hangzhou Tigermed Consulting Co.Ltd(300347) .
After 10 o’clock, the Shanghai stock index once turned red stimulated by the 7% rise of China Mobile, but then Kweichow Moutai Co.Ltd(600519) decline deepened (the largest decline), and the Shanghai stock index fell below 3400 points. As of noon closing, gem index has reached a correction range of 20% from the high point in December 2021, entering a technical bear market.
in the afternoon review, it was specially emphasized that although the stock index fell generally on Tuesday, nearly half of the stocks in the market rose. We should not be deceived by the index. Gem index into a technical bear market, short-term rebound will occur, can grasp short-term opportunities. In the afternoon, sure enough, this prediction became a reality!
In the afternoon of , Contemporary Amperex Technology Co.Limited(300750) and Kweichow Moutai Co.Ltd(600519) decreased, and the financial (brokerage, banking, insurance, etc.) and cyclical (construction, coal, steel, etc.) sectors rose successively. The Shanghai index returned to 3400 points and turned red. The gem index stopped falling and rebounded, recovering the integer level of 2800 points.
Now, we can’t relax our vigilance for the startling reversal of the Shanghai stock index. The stability index of heavyweights is often a short-term behavior. Only when individual stocks show a general rise situation, the market is expected to gradually strengthen. The gem index is oversold in the short term. Even if the trend is established downward, there can be a wave of anti pumping. Although the intensity of index anti pumping will not be too large, it is already a good game opportunity for individual stocks.
Investment suggestions:
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 the Spring Festival, the market liquidity improved and the spring offensive was officially launched. It is suggested to allocate four sectors: state-owned assets reform, high annual growth, securities companies and oversold new shares.
