Today (February 9) is the third trading day of the year of the tiger. All three major A-share indexes rose and ushered in a rebound resonance. After the low opening of Shanghai and Shenzhen stock markets, there were repeated shocks. With the outbreak of theme stocks, the stock index ushered in stabilization and upward, and maintained the operation above the red market; In the afternoon, the weights and subject stocks worked together to increase, prompting the performance of the three major indexes one after another, especially the Shenzhen Composite Index and the gem index.
As of the close of Shanghai and Shenzhen stock markets all day, the Shanghai index rose 0.79% to 3479.95 points; The Shenzhen Composite Index rose 1.55% to 13531.31 points; The gem index rose 1.30% to 2883.60.
From the perspective of disk, traditional Chinese medicine, communication, software development, wine making, cultural media, agriculture, animal husbandry, feeding and fishing and other industries led the increase; Wind power equipment, batteries, photovoltaic and other industries were slightly adjusted. Subject stocks showed a general rise pattern, with digital currency, digital economy, chicken concept, pork concept, yuanuniverse, radio and television and other gains leading.
In terms of funds, the central bank announced on February 9 that in order to maintain the reasonable and abundant liquidity of the banking system, the people’s Bank of China launched a 20 billion yuan reverse repurchase operation by means of interest rate bidding on February 9, 2022, with a bid winning interest rate of 2.10%. In view of the maturity of 200 billion yuan of reverse repo today, the central bank realized a net withdrawal of 180 billion yuan in a single day.
hot sector
Top 10 of industry sector increase
Top 10 of industry sector decrease
Top 10 of concept sector increase
Top 10 of concept sector decrease
individual stock monitoring
Top 10 net inflow of main force
Top 10 net outflow of main force
northbound funds
southbound fund
message plane
1. According to the news on the website of the people’s Bank of China on February 8, the people’s Bank of China, the State Administration of market supervision, the China Banking and Insurance Regulatory Commission and the China Securities Regulatory Commission recently issued the 14th five year plan for the development of financial standardization. It is proposed to steadily promote the development of legal digital currency standard. Comprehensively consider the security and credibility infrastructure, issuance system and storage system, registration center, payment transaction communication module, terminal application, etc., and explore the establishment and improvement of legal digital currency infrastructure standards. Research and formulate the information security standards of legal digital currency to ensure the storability, unforgeability, non repeatable transaction and non repudiation in the process of circulation. Study and formulate legal digital currency business and application standards, and establish standardized processes for issuance, circulation and withdrawal.
2. According to the national development and Reform Commission, in view of the recent changes in iron ore prices, recently, the price department of the national development and Reform Commission and the price supervision and Competition Bureau of the State Administration of market supervision jointly interviewed relevant iron ore information enterprises, required to provide the factual source of information release, and reminded and warned relevant enterprises that they must carefully verify and be accurate before releasing market and price information, It is not allowed to fabricate and publish false price information, fabricate and spread price increase information, or bid up prices.
3. According to the Shanghai Securities News, on February 9, China Mobile hit the daily limit for the first time since its listing, and its share price hit a new high since its listing, with a total market value of 1.4 trillion yuan. Share prices rose sharply for two consecutive days, and once rose more than 7% in the session yesterday. It is worth noting that on the eve of the company’s share price surge, Citic Securities Company Limited(600030) , China International Capital Corporation Limited(601995) , Zheshang Securities Co.Ltd(601878) , Changjiang Securities Company Limited(000783) and other securities companies intensively released in-depth research reports.
4. According to the securities times, the general office of the Ministry of agriculture and rural areas issued a notice on printing and distributing the guiding opinions on promoting the construction of ecological farms. The opinions put forward that by 2025, 1000 national ecological farms will be built in the country and 10000 local ecological farms will be built in all provinces through scientific evaluation, tracking, monitoring and guidance services, Select and cultivate a number of market players of modern and efficient ecological agriculture, summarize and promote a number of technical models of ecological agriculture construction, explore and build a set of supporting policies for ecological agriculture development, continuously increase green and high-quality Shenzhen Agricultural Products Group Co.Ltd(000061) supply, and continuously improve agricultural quality, efficiency and competitiveness, so as to make the construction of ecological farm an important platform and powerful starting point for promoting the “three products and one standard” of agricultural production.
institutional perspective
For the current market, Shanxi Securities Co.Ltd(002500) pointed out that the overall performance of the A-share market is verifying that the “emotional bottom” we mentioned earlier has been realized. Looking forward to the future market, we believe that the market will continue to pick up, while the trend upward momentum is still insufficient, and the structural market is still the main line. In terms of allocation, after a long period of adjustment, the overall valuation of TMT sector has been at a historical low. From a macro perspective, the development of digital economy and international competition and cooperation have become the key strategic development direction of China’s 14th five year plan. Local governments have also successively issued specific development plans such as digital economy and meta universe, It is suggested to grasp the investment opportunities under this trend opportunity. In addition, the livestock and poultry breeding sector may gradually enter the profit upward cycle. It is suggested to pay attention to the marginal change of production capacity and intervene in time.
Previously, Minmetals Securities said that it had a bright future and was firmly optimistic about the performance of A-Shares in the later stage. Although the A-shares fell significantly on the 8th, the gem index fell sharply, and the market sentiment was greatly impacted, we believe that at present, the A-shares are at or very close to the bottom area, and there will be “hidden willows and bright flowers” in the future. We are firmly optimistic about the performance of A-shares in the later stage, and confidence is more important than yellow gold.
The agency further analyzed and suggested that investors focus on: (1) infrastructure (traditional infrastructure + new infrastructure): focus on traditional infrastructure sectors such as construction and building materials, as well as new infrastructure sectors focusing on 5g and charging piles; (2) Brokerage sector; (3) Digital economy sector: “big (big data), intelligent (Artificial Intelligence), cloud (Cloud Computing), mobile (mobile Internet), things (Internet of things), chain (District chain), Finance (man-machine integration)” related sectors; Focus on the investment opportunities of top enterprises in the field of terminal security management, network security and digital security in the field of data security.
Huaxin securities mentioned that the new energy track had been adjusted before, and the valuation dropped significantly. However, under the background that the current market risk appetite has not been fully repaired, the excessive interpretation and response of negative information and pessimism led to the emergence of “killing more” in the growth stock sector. Although at present, the repair of risk appetite in the floor will not be achieved overnight, on the whole, it can be expected in the future. With the accelerated promotion and force of stable growth policy, the gradual easing of broad liquidity and the emergence of the bottom signal of economic growth, the index is expected to enter the shock and bottom building stage, so as to brewing a new round of rebound opportunities.
Huaxi Securities Co.Ltd(002926) said that A-Shares deduce the “first developing and then restraining”, and look at the current round of spring market rationally. Since the beginning of the year, the risk appetite of A-share market has continued to weaken under the disturbance of overseas monetary policy tightening expectations and capital pre holiday risk aversion factors. During the Spring Festival, overseas stock markets were in danger, and most of the world’s major stock indexes rose. At the same time, China’s policy level repeatedly called for “steady growth”, and the market sentiment after the festival is expected to be repaired. In addition, the recent public offering to open self purchase and the liberalization of purchase restrictions of popular funds will help the inflow of incremental funds into A-Shares after the festival. A shares are expected to meet the “oversold rebound” in February. In view of the current hawkish tone of the Federal Reserve and the strong expectation of contraction of overseas monetary policy, the global risk assets will still be disturbed before the landing of the Federal Reserve’s interest rate meeting in March. It is expected that A-Shares are still dominated by structural market. It is suggested to treat this round of spring market rationally.
In terms of allocation, we should pay attention to three main lines: 1) real estate and its upstream and downstream industrial chain benefiting from the marginal improvement of real estate policy; 2) Strong themes that benefit from policy (support), such as new energy (vehicle), digital economy and seed industry; 3) Pig breeding sector reversed at the bottom of pig cycle, etc.
In addition, Everbright Securities Company Limited(601788) mentioned that historically, the profit expectation error of stable growth industries in the general sense is indeed significantly smaller. Consumer industries represented by food and beverage, household appliances and medicine and industries related to stable growth represented by building materials and construction may have higher profit certainty. Considering the pressure on the overall profit growth in 2022, we believe that the performance growth of the stable growth sector deserves more attention, especially the two main lines of consumption and stable growth.
