Today (February 10), the Shanghai and Shenzhen stock markets opened slightly higher, and the stock index fluctuated repeatedly at the beginning of the trading. With the Chinese prefix to protect the trading, the performance of the Shanghai index was relatively strong, while the Contemporary Amperex Technology Co.Limited(300750) diving plunged in the trading, the gem suffered a heavy setback, and the subject stocks fell one after another; In the afternoon, heavyweights continued to support the bottom, subject stocks pulled back slightly, the Shanghai index picked up, and the gem index continued the weak pattern.
As of the day’s closing of Shanghai and Shenzhen stock markets, the Shanghai index rose 0.17% to 3485.91 points; The Shenzhen Component Index fell 0.73% to 13432.07 points; The gem index fell 1.98% to 2826.52.
From the disk point of view, the rise and fall of industry and concept sectors are different, and the local profit-making effect is still in existence. In terms of industries, airports, tourist hotels, coal, agriculture, animal husbandry, feeding and fishing, insurance, cement and building materials, banking, environmental protection and other industries led the increase; In terms of theme stocks, online tourism, the concept of pork, the concept of civil explosion, the concept of chicken, the concept of blind box economy and the concept of tax exemption are outstanding.
In terms of capital, the central bank announced on February 10 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 10, 2022, with a period of 7 days and a bid winning interest rate of 2.10%. In view of the maturity of 200 billion yuan of reverse repo today, the people’s Bank of China realized a net withdrawal of 180 billion yuan in a single day.
hot sector
Top 10 gainers in industry sector
Top 10 industry sector declines
Top 10 gainers in concept sector
Top 10 decline in concept sector
individual stock monitoring
Top 10 net inflow of main forces
Top 10 net outflow of main force
northbound funds
southbound fund
message plane
1. According to Shanghai Securities News, Gao Feng, a spokesman of the Ministry of Commerce, said at a regular press conference on the 10th that this year, the Ministry of Commerce will continue to promote the reform, opening up and innovation of service trade, focusing on the following aspects: first, work with relevant departments to solidly promote the implementation of the 14th five year plan for the development of service trade and implement various tasks and measures. Second, study and promote the introduction of a number of new policies and measures to vigorously promote the high-quality development of digital trade, technology trade and foreign cultural trade. Third, explore the institutional opening-up path of trade in services, and promote the introduction of the national version of the negative list of cross-border trade in services. Fourth, continue to promote the pilot of innovative development of trade in services, implement various policies and measures, and summarize and promote more institutional innovation achievements. Fifth, select areas with remarkable pilot results and upgrade and build a national demonstration zone for innovative development of service trade. We will vigorously develop digital trade, create a digital trade demonstration area, and promote innovation in science, technology and system. Sixth, promote the upgrading and expansion of the export base of characteristic services, improve the base management system and promotion system, and implement various policies and measures to support the development of the base.
2. According to the securities times, eight departments including the Ministry of industry and information technology issued the implementation plan for accelerating the comprehensive utilization of industrial resources. The scheme proposes to improve the management system and strengthen the whole life cycle traceability management of power batteries of new energy vehicles. Promote cooperation between upstream and downstream of the industrial chain to jointly build recycling channels and build a cross regional recycling system. Promote the safe echelon application of waste power batteries in the fields of power backup, charging and replacement. Build a number of echelon and recycling demonstration projects in key areas such as Beijing Tianjin Hebei, the Yangtze River Delta, Guangdong, Hong Kong and Macao Bay area. Cultivate a number of echelon and recycling backbone enterprises, and strengthen the R & D and promotion of technologies such as nondestructive testing of power batteries, automatic disassembly and efficient extraction of valuable metals.
3. According to the interface news report, on February 10 on the website of the national development and Reform Commission, the national development and Reform Commission and the National Energy Administration recently issued the opinions on improving the institutional mechanisms and policies and measures for green and low-carbon energy transformation. It is proposed to establish a fiscal and financial policy guarantee mechanism to support the green and low-carbon transformation of energy.
4. According to Zhongxin Jingwei report, Gao Feng, a spokesman of the Ministry of Commerce, said at a regular press conference on the 10th that China’s ice and snow consumption increased rapidly during the Spring Festival, the Beijing Winter Olympic Games stimulated an upsurge of ice and snow consumption, and the passenger flow of ice rinks, snow rinks and ice and snow theme parks increased significantly.
institutional perspective
For the current market, Guosheng securities previously mentioned that the market may open new cycle opportunities for new themes, bargain hunting and grasp the stocks with obvious reversal expectations. At the same time, it is also necessary to be cautious about the fluctuation risk caused by market shock and chase up the high carefully.
Yingda Securities said that it is expected that the trend of A-Shares in February may show a recovery market, and the industry sectors that benefit from the steady growth policy and the expected rise of product prices may maintain an active trend. We can still pay attention to the performance of infrastructure, steel, banking, petroleum, petrochemical and coal sectors.
Huajin securities mentioned that throughout the year, it is expected that the A-share market will show a V-shaped trend in 2022. In the first half of the year, China’s monetary policy was mainly stable, the performance growth rate of listed companies fell, and the liquidity will actually be neutral and tight under the background of continuous contraction overseas. The performance valuation will kill both. It is difficult to significantly improve the risk appetite, and the market may need to continue to look for support; In the second half of the year, the counter cyclical adjustment policy is expected to exert its force, the industrial drive will shift from the old economy to the new economy, China’s economic growth model will change from high growth to high-quality development, the residents’ asset allocation will gradually change from real estate to capital market, and A shares will return to the slow bull road.
In terms of industry configuration, the performance valuation in the first half of the year is double kill, and defensive varieties are preferred, such as undervalued bancassurance, construction and mandatory consumption. At the same time, in the context of PPI downturn, the boom of the midstream industry is gradually picking up, and auto parts and mechanical equipment are expected to benefit. In the second half of the year, it returned to growth and added endogenous booming industries with high performance certainty, such as new energy, big technology and national defense industry. In terms of concept, it is recommended to focus on the reform of central enterprises and post epidemic recovery.
Huaan Securities Co.Ltd(600909) pointed out that under the steady growth policy, Q1 economic growth is expected to pick up marginally in 2022, and PMI leading indicators have bottomed out and shown signs of recovery. The environment at the beginning of 2022 meets the trigger conditions of financial performance relative advantage market of economic recovery rebound + liquidity margin widening. On the other hand, for the continuous support conditions of the market, the real estate policy of continuous marginal relaxation since Q4 of 2021 is expected to become an important catalyst.
In addition, the essential performance of the financial market has shown signs of continuous comparative advantage. The performance forecast of the 2021 annual report shows that the performance of the financial style has improved significantly. In addition, in the Q1 quarter of 2022, the economy has stabilized and warmed up, the quality of bank assets has improved, the real estate regulation policy is loose, the boom is expected to hit the bottom and reverse, and the base is low in the same period last year, Financial style performance is also expected to achieve comparative advantage. At present, the catalyst has and performance comparative advantages, but its sustainability is a key factor to consider the time and space of financial style market, which needs further observation and confirmation.
