Today (February 10), the trend of major indexes is divided, and there are two days of ice and fire on the sector. Tourism, airports, hotels and other sectors of the epidemic recovery line strengthened significantly. Among them, the tourism sector led the rise of the two cities, Caissa Tosun Development Co.Ltd(000796) , Jiangsu Tianmu Lake Tourism Co.Ltd(603136) , Xi'An Qujiang Cultural Tourism Co.Ltd(600706) , Utour Group Co.Ltd(002707) limit, and breeding stocks also set off a tide of limit again. The high-level track sector fell again, the cro concept sector index fell by more than 3%, and new energy vehicles, lithium batteries and other sectors also led the decline.
Contemporary Amperex Technology Co.Limited(300750) lithium battery stocks fell again, and the three high-end stocks became the hardest hit area occupied by the enemy
After a sharp decline of more than 6% on Tuesday (February 8), Contemporary Amperex Technology Co.Limited(300750) today (February 10) ushered in another sharp decline. At one time, it fell more than 8% and fell below the 500 yuan mark. Then it rebounded slightly. By the close, the decline narrowed to 5.3%. Driven by this, the gem index also fell by nearly 3%. Since the end of the festival, Contemporary Amperex Technology Co.Limited(300750) shares have continued to weaken and have fallen by 12.57% in the four trading days to the close of today. Previously popular new energy stocks such as Trina Solar Co.Ltd(688599) , Beijing Easpring Material Technology Co.Ltd(300073) , Shenzhen Senior Technology Material Co.Ltd(300568) have also fallen by more than 10% since the end of the festival.
The previous popular track cro concept sector has also frequently appeared at the top of the decline list recently. Since the end of last year, the cro concept has continued to ebb. So far this year (as of the closing on February 10), the sector index has fallen by nearly 19.4%, and nearly half of the individual stocks have fallen by more than 20% this year, including Pharmablock Sciences (Nanjing) Inc(300725) falling by more than 40%, Asymchem Laboratories (Tianjin) Co.Ltd(002821) , Shanghai Medicilon Inc(688202) falling by more than 30%, Wuxi Apptec Co.Ltd(603259) , Zhejiang Jiuzhou Pharmaceutical Co.Ltd(603456) Hangzhou Tigermed Consulting Co.Ltd(300347) and other stocks fell by more than 25%. The downward trend of cro seems to be more difficult to curb than expected.
The precooling of new energy theme and the sharp withdrawal of cro also reflect the great pressure on the high valuation sector. Orient Securities Company Limited(600958) pointed out that the main reason for the significant adjustment of A-Shares in January was the resonance adjustment of the valuation of A-Shares and high valuation track stocks such as new energy, semiconductor, medicine and metauniverse under the influence of the continuous fermentation of the expectation of interest rate hike by the Federal Reserve. In addition, the decline of fund issuance scale and certain redemption pressure in early 22 were also one of the reasons for the adjustment of a shares. Fund heavy positions and "track stocks" may have greater selling pressure.
reverse logic has become a new main line, focusing on the repair of the post epidemic sector
Since this year, the three high heavyweights have continuously become the main target of valuation killing. However, in some low-level sectors, they have become the direction of capital preference, especially in the industries with expected reversal logic in the main industries. Previously, the tourism hotel and airport sectors in trouble due to the epidemic have increased significantly this year. As of today's (February 10) closing, the sector index has increased by 13.7% and 9.7% respectively. At the same time, pork stocks trapped in the continuous downturn of pig price and the general huge losses of listed companies also continued to strengthen after the festival, setting off a tide of limit trading for several days in succession.
Orient Securities Company Limited(600958) pointed out that the main investment line of A shares this year is the market style and policy catalysis, especially the investment opportunities brought by the steady growth policy and the sectors with low expectations. due to the long-term decline of these industry sectors and companies, institutional positions and stock prices are relatively low. Therefore, as long as there are new policies to catalyze the stock price, the resistance will be relatively small. Although the uncertainty of the epidemic situation may still disturb the recovery rhythm of catering, tourism, transportation and other industries, with the liberalization of overseas epidemic control and the further scientific prevention and control of the global epidemic, the "post epidemic" industry is expected to gradually achieve the expected repair or even reversal.
For the main line of investment in epidemic repair, Boc International (China) Co.Ltd(601696) pointed out that the overall situation of Chinese tourism during the Spring Festival holiday is stable, and short-range local tourism is still dominant. The strict prevention and control policy virtually increases the cost of travel, which is the main reason for the slight decline of spring festival tourism. With the increase of vaccination and the normalization of prevention and control, the recovery logic of the cultural and tourism industry is not disturbed by the factors of short-term epidemic distribution, and remains stronger than the market rating. continue to recommend tax-free leading enterprises China Tourism Group Duty Free Corporation Limited(601888) , and recommend hotels and scenic spots in the restoration of culture and tourism; It is suggested to pay attention to enterprises that are good for the release of ice and snow tourism demand.
