Looking back on Wednesday's A-share market, Shanghai and Shenzhen stock markets showed a shock rebound pattern as a whole. The three major A-share indexes fluctuated repeatedly after opening low in the morning. With the outbreak of theme stocks, the stock indexes 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 mentioned in Soochow Securities Co.Ltd(601555) , after continuous rapid decline, the growth direction, driven by digital currency, shows a weak rebound, and the performance is prominently concentrated in the directions of big data, Xinchuang and domestic software. These varieties have experienced long-term adjustment, and the valuation and cost performance highlight their advantages. It is not difficult to understand the rebound caused by the good news.
The agency further analyzed that the index has little short-term upward space, and the value and growth on the disk may be repeated, but the logic of each other's operation is different. One is stable growth, and the other is oversold rebound. Before the market stabilizes effectively, it is still difficult to participate in the market. In terms of operation, suggested to light the index and focus on individual stocks, and try to avoid crowded track themes, Pay attention to the layout opportunities of 5g application end and value blue chip, and try to achieve a balanced allocation of value and growth in positions. In addition, pay attention to the allocation opportunities of Hong Kong stocks .
From a technical point of view, Dongguan Securities said that on Wednesday, the Shanghai index achieved three consecutive positives, the Shenzhen Composite Index and the gem index recovered from shocks, the volume of the two cities could be expanded, and the market rose by more than 3000 stocks for four consecutive days. with the steady growth policy gradually forming a joint force, the market is expected to continue to stabilize and rebound. 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, food and beverage, household appliances, building materials, building decoration and other industries.
As far as the future is concerned, Huaxi Securities Co.Ltd(002926) pointed out that in view of the hawkish tone of the current fed and the strong expectation of overseas monetary policy contraction, 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 the A-share market is still dominated by the structural market. It is suggested to treat this round of spring Market rationally.
Central China Securities Co.Ltd(601375) mentioned that the stock index is expected to continue its restorative rebound in the future, and the long opportunity after the festival may appear again . It is suggested to pay close attention to the changes in policy, capital and external market. It is expected that the Shanghai index is more likely to rebound slightly in the short term, and the gem is more likely to fluctuate slightly in the short term. Investors are advised to pay careful attention to the investment opportunities in communication, engineering construction, Internet 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.
Macroscopically, Boc International (China) Co.Ltd(601696) believes that China's "steady growth" policy still needs to be strengthened. The overseas recovery slows down and the expectation of raising interest rates is strengthened. However, there may be excessive expectation of raising interest rates . At present, 30 provinces and cities have announced the growth target for 2022, and 21 provinces and cities have set a target of 6% or higher. However, the contribution rate of trade to economic growth in 2022 is lower than that in 2021, and consumer spending is still difficult to return to the pre epidemic level. China's economy still needs investment support to achieve a growth rate of 5.5% in 2022, and the "steady growth" policy still needs to be strengthened.
Huaxin Securities said that looking forward to the future, the "mixed" of liquidity indicators indicates that asset price fluctuations will still be large. grasp the spring offensive from two dimensions . The first dimension is the landing and overweight of specific steady growth policies to hedge the pessimistic expectation of upward pressure on the economy. The economic work conference held in December 2021 made it clear that China's economic development is facing the triple pressure of shrinking demand, supply shock and weakening expectation. In 2022, economic work should be stable and strive for progress while maintaining stability, and an active fiscal policy should be implemented. The market is waiting for the implementation of the steady growth policy. The second dimension is the gradual change of global liquidity expectations, the expansion of China's broad liquidity, the landing of structural wide credit and the stability of narrow liquidity.
focus on the allocation of ideas. The organization further mentioned that it should closely follow the main line of "steady growth", energy revolution and scientific and technological innovation . Specifically include: ① cement and building materials under the main line of "steady growth" and the expectation of large-scale construction of affordable housing; Food and beverage consumption is expected to boost; UHV and digital economy under the background of broad financial expectation; ② Under the background of energy revolution, large-scale construction of clean energy, wind power, photovoltaic and energy storage; ③ The main line of industrial upgrading and new development under the route of scientific and technological innovation is smart cars, metauniverse and 5g + industrial Internet.
In addition, Everbright Securities Company Limited(601788) believes that from the historical situation, the profit expectation error of the stable growth industry in the general sense is indeed significantly smaller. The consumer industries represented by food and beverage, household appliances and medicine and the stable growth related industries 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 .
Guosheng Securities said that under the general stable tone of market liquidity, it can actively pay attention to the current hot digital economy and infrastructure related stock opportunities in the market. Operationally, with the continuation of the market rebound after the festival, the market may be able to open new cycle opportunities for new themes, bargain hunting and grasp the stocks with obvious reversal expectations of performance. At the same time, it is also necessary to be cautious about the fluctuation risk caused by market shock and chase up .
