On Thursday, the differentiation pattern of Shanghai and Shenzhen stock markets reappeared, and the performance of Shanghai index was stronger than that of gem index. As of the close, the Shanghai Composite Index closed at 3485.91 points, up 0.17%. The Shenzhen Component Index and the gem index fell 0.73% and 1.98% respectively. On the disk, aquaculture, tourism, water conservancy and coal sectors led the increase. Cro, new energy and other growth tracks fell ahead. In terms of capital, northbound funds bought a net 4.52 billion yuan throughout the day.
Yesterday, track stocks fell in an all-round way, with a sharp correction in cro, new energy and other sectors. Among them, Contemporary Amperex Technology Co.Limited(300750) once fell by more than 8%. Eve Energy Co.Ltd(300014) , Yunnan Energy New Material Co.Ltd(002812) and others fell one after another.
Market participants believe that under the current background of A-share stock funds, the strengthening of the traditional upstream cycle and the main line of steady growth has formed a diversion of funds for the science and technology sector; The institutional position adjustment at the beginning of the year further enlarged the adjustment range of track stocks and technology stocks.
Yesterday, the undervalued sector continued to exert force, with agriculture, forestry, animal husbandry and fishery, coal, real estate and other sectors leading the rise. In the agriculture, forestry, animal husbandry and fishery sector, Fujian Aonong Biological Technology Group Incorporation Limited(603363) , Leshan Giantstar Farming&Husbandry Corporation Limited(603477) , Hunan New Wellful Co.Ltd(600975) and other stocks rose by the limit, Joyvio Food Co.Ltd(300268) rose by more than 5%.
Recently, affected by the fire and snow tourism of the Winter Olympic Games, the A-share scenic spots and tourism sector continued to strengthen. As of yesterday’s close, Caissa Tosun Development Co.Ltd(000796) , Utour Group Co.Ltd(002707) limit, Yunnan Tourism Co.Ltd(002059) , Anhui Jiuhuashan Tourism Development Co.Ltd(603199) and other stocks rose.
High growth technology track continues to experience adjustment, while some low-level sector varieties have become the direction of capital preference.
Lin Sha, a strategic analyst at Dongxing Securities Corporation Limited(601198) , said that at present, the industries with policy expectations and improved fundamentals are the main line with the strongest certainty, including the infrastructure industry jointly pointed by macro and micro data. It is suggested to pay attention to the valuation repair opportunities of undervalued industries. China Merchants Fund suggested that in the undervalued sector, we should pay extra attention to the direction of profit reversal or marginal improvement in 2022, grasp the main line of steady growth with consumption and infrastructure chain as the core, and track companies need to continue to wait for the recovery of risk appetite.
As the undervalued sector has become the “sweet pastry” pursued by the market, its sustainability has also become a hot topic in the market. Boc International (China) Co.Ltd(601696) believes that this round of undervalued market benefited from policy stimulus and triggered valuation repair, but the market is highly dependent on performance, and the space for valuation improvement of the sector itself is limited.
Founder Securities Co.Ltd(601901) said that after the phased repair of the undervalued sector, the opportunity is mainly in the growth direction of the small hard technology market. The areas with low relative valuation, non crowded funds and investment expansion of emerging industries deserve attention.
