The trend of the three major A-share indexes was divided today, and the Shanghai index closed up 0.67% to close at 3452.63 points; The Shenzhen Component Index fell 0.98% to close at 13325.41 points; The gem index fell 2.45% to close at 2846.48. The market turnover reached 878.8 billion yuan, and the number of rising stocks exceeded 3600. Most industry sectors closed higher, led by the coal industry, tourism hotels and decoration industry.
Today’s news:
1. Unreasonable suppression of Chinese enterprises! The US Department of Commerce will include 33 Chinese entities in the so-called “unverified list”
2. Yao Mingsheng: “unverified list” is not a well-known “entity list” or “blacklist” of the United States
3. Comment of people’s Daily: correctly understand and grasp the characteristics and behavior laws of capital
4. The year of the tiger fund opened the position increase mode, and the stable growth sector danced with the high prosperity track or together
5. Is there a turnaround for the “bull flag bearer”? More than 8 billion funds poured into ETFs to buy brokerage stocks, and many star funds increased their positions in advance
6. International oil prices rose for seven consecutive weeks, hitting a new high in recent seven years. Leading stocks rarely rose sharply, and 15 stocks with doubled performance were announced in advance
7. Three messages disturb the track! The lithium battery giant made bold remarks, the 100 billion giant suddenly dived, and the 660 billion giant counter attacked
8. Latest! The trend of institutional research was greatly exposed: ningwang’s circle of friends attracted the most attention and fell deeply. Pharmaceutical and technology stocks were also favored
9. National development and Reform Commission: the pig grain price ratio has entered the secondary warning range of excessive decline, and the collection and storage of pork reserves will be started as appropriate
For the future market trend, institutions have expressed their views.
Soochow Securities Co.Ltd(601555) it is predicted that the short-term is expected to enter the period of easing the shock, the superimposed trading volume has not been effectively enlarged, and the quality of the market rebound still needs to wait and see. The decline of the market before the festival released the risk factors such as the expectation of the Federal Reserve to raise interest rates and the epidemic situation, and the risk of market valuation differentiation has also been digested to a certain extent.
Dongguan Securities pointed out that considering that the current overall A-share valuation is reasonable, coupled with the net inflow of funds from the north to boost market confidence, the market is expected to continue to stabilize and rebound, and pay attention to the gains and losses of the annual line and the rotation of the sector. In terms of operation, it is recommended to pay attention to finance, steel, household appliances, building materials, building decoration and other industries.
Central China Securities Co.Ltd(601375) believes that the trading volume of the two cities has not been amplified synchronously and effectively, and it still needs to be verified whether the Shanghai index can build a phased bottom near 3350 in the future. It is expected that the short-term volatility of the Shanghai index around 3400 points is more likely, and the short-term consolidation of the gem is more likely. Investors are advised to pay careful attention to the investment opportunities in engineering construction, cement and building materials and some cycle industries in the short term, and continue to pay attention to the investment opportunities of undervalued blue chips in the middle line.
Zhongtai Securities Co.Ltd(600918) said that 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 a “spring market”. At the same time, considering the benefits of comprehensive registration system and steady growth on undervalued blue chips, the potential suppression of high valuation by the “hawks” of the Federal Reserve, 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.
Cinda Securities pointed out that February is the month with the highest winning rate in Q1 every year. There is a stable growth environment this year. The performance forecast period in January has also ended, and the winning rate in February is also good. Strategically, after this adjustment, the whole a (non-financial petroleum and petrochemical) Pb quantile decreased from 72% to 45%. The valuation is reasonable, but it is not very cheap. Steady growth is advancing, but it will take time to change the increasingly cautious profit concerns. Although China’s macro interest rate has been declining, the micro capital environment is general. Therefore, strategic issues still need some time to digest. February is still a tactical monthly rebound.
Guosheng securities mentioned that compared with the new infrastructure, the traditional infrastructure has more valuation advantages. Under the structural market of the current stock game, its investment value may become more prominent. In the future, we can focus on the sustainability of this sector. In terms of operation, it is advisable to abandon high to low, avoid poor performance stocks, grasp the layout opportunity of securities companies, infrastructure, large consumption and other sectors, or make a good choice under the current market.
China International Capital Corporation Limited(601995) said that with the gradual disclosure of the effect of the policy, the strengthening of the attraction of China’s capital market under overseas fluctuations, and the gradual recovery of investor sentiment after the festival, we don’t think we need to be too pessimistic about the A-share market as a whole. It is suggested to focus on the following main lines in the next 3-6 months: 1) the main line of “steady growth” is expected to continue to be deduced; 2) Pay attention to relevant industries with performance disclosure exceeding expectations and business recovery superimposed with undervalued buffer; 3) Manufacturing growth is still the main line of annual revenue.
