Today, the three major indexes fell together, more than 4000 stocks closed green, and the gem index fell nearly 3%. However, it is worth noting that the “Chinese prefix” stocks with a total market value of nearly 10 trillion have recently taken up the banner of resistance to decline. According to the data of China stock market news choice, the cumulative increase was 6.4% in the five trading days after the festival, and the total market value soared by more than 460 billion yuan.
Today China Life Insurance Company Limited(601628) in the Chinese prefix concept led the rise of insurance stocks, closing China Life Insurance Company Limited(601628) up 7.34%, hitting a 60 day high and closing at 31.6 yuan / share.
In addition, New China Life Insurance Company Ltd(601336) increased by 3.26%, China Pacific Insurance (Group) Co.Ltd(601601) increased by 3.41%, Ping An Insurance (Group) Company Of China Ltd(601318) increased by 2.6%, The People’S Insurance Company (Group) Of China Limited(601319) increased by 1.88%.
For the insurance industry, the recent research view of Huachuang Securities believes that the recent rise of the sector is mainly contributed by beta, and the asset side catalyzes the valuation repair.
northbound funds: 20 billion “Chinese prefix”
According to the data of China stock market news choice, since December last year, foreign capital has begun to layout the prefix concept, with a total increase of 34 shares and an increase of more than 20 billion yuan.
Specifically, Ping An Insurance (Group) Company Of China Ltd(601318) is the most popular, with a total increase of more than 8.9 billion yuan in northbound funds; China State Construction Engineering Corporation Limited(601668) ranked second, with an increase of more than 2.8 billion yuan.
Individual stocks such as China Railway Group Limited(601390) , Bank Of China Limited(601988) , China Pacific Insurance (Group) Co.Ltd(601601) , China Petroleum & Chemical Corporation(600028) , China Energy Engineering Corporation Limited(601868) , China United Network Communications Limited(600050) obtained an increase of 1.3 billion yuan to 500 million yuan from the north.
Many shares such as Cosco Shipping Holdings Co.Ltd(601919) , China Life Insurance Company Limited(601628) , Petrochina Company Limited(601857) , Metallurgical Corporation Of China Ltd(601618) , Crrc Corporation Limited(601766) , China Galaxy Securities Co.Ltd(601881) , China Jushi Co.Ltd(600176) , Cgn Power Co.Ltd(003816) obtained an increase of 390 million yuan to 100 million yuan.
leveraged funds: favorite China National Chemical Engineering Co.Ltd(601117)
According to the data of China stock market news choice, since December last year, leveraged funds have also laid out some Chinese prefix stocks, but the industry distribution is more diversified
Among them, China National Chemical Engineering Co.Ltd(601117) is the most popular leveraged fund, with net financing purchases exceeding 230 million yuan, China Sports Industry Group Co.Ltd(600158) ranks second, and net financing purchases exceeding 170 million yuan; China Greatwall Technology Group Co.Ltd(000066) over 130 million yuan.
China National Gold Group Gold Jewellery Co.Ltd(600916) , China Shipbuilding Industry Company Limited(601989) , Sinotruk Jinan Truck Co.Ltd(000951) , Sufa Technology Industry Co.Ltd.Cnnc(000777) , China Coal Energy Company Limited(601898) , Cofco Engineering & Technology Co.Ltd(301058) obtained increased holdings ranging from 68 million yuan to 20 million yuan respectively.
main funds: 2 billion Ping An Insurance (Group) Company Of China Ltd(601318)
China stock market news choice data also shows that since December last year, the main funds represented by large single funds have bought a total of 11 Chinese prefix stocks, with a total net purchase of more than 5.6 billion yuan.
Among them, Ping An Insurance (Group) Company Of China Ltd(601318) is the most popular, with the main net purchase amount exceeding 2 billion yuan; The net purchases of China Communications Construction Company Limited(601800) and China Shenhua Energy Company Limited(601088) exceeded 1 billion yuan and 600 million yuan respectively.
China State Construction Engineering Corporation Limited(601668) , China National Nuclear Power Co.Ltd(601985) , China Telecom Corporation Limited(601728) , China Railway Group Limited(601390) , China Railway Construction Corporation Limited(601186) obtained holdings ranging from 550 million yuan to 220 million yuan respectively.
Chinese prefix big blue chip: “wind” or
For the large blue chips represented by Chinese prefix, some institutions believe that the “wind” may finally blow to the sector this year
Some private placement people said that this year’s “wind” is finally going to blow to big blue chips. Before, the market thought that big blue chips were relatively boring, large-scale, not easy to move, and had no theme, so they were not popular. But this year, in the context of macro water release, many high-quality state-owned enterprises and high-quality financial institutions will have a good performance. From a fundamental point of view, these companies have stable revenue, high dividend yield and reasonable valuation. Over the past three years, the style of market speculation has prevailed, which will change slowly this year, and the opportunity of super rising of blue chips has emerged.
China International Capital Corporation Limited(601995) said that at present, it is in the early stage of stable growth. Looking back on the initial performance of several policy easing in 2012, 2014 and 2018, it can be found that although the overall performance of the initial stock market is weak, the undervalued, high dividend yield and cyclical sectors are relatively good, such as finance and real estate. High valuation sectors such as gem index and medical technology have the risk of further valuation decline.
Ping An Securities pointed out that the policy combination fist shows that the policy bottom has appeared and the market bottom has gradually approached. Focus on the two clues and four main lines of high-quality steady growth and post epidemic recovery: ① under the background of steady growth, infrastructure may become an important starting point for supporting the economy; The expected improvement of credit environment will help boost the prosperity of the financial sector. ② Transportation, wine travel, etc. may benefit from the improvement of the epidemic situation.
Guosheng Securities believes that before the effective upward breakthrough in the market, we should still control the overall position and be suitable for low absorption. “Stable growth” and “post epidemic era” will become the main logic driving the operation of the market. We pay attention to traditional infrastructure such as building materials and undervalued sectors such as banking and insurance, and suggest combining performance. Price ratio, appropriate layout of digital economy, central enterprise reform, tourism hotels, air transportation and other theme sectors.
