On February 14, the weakness of A-Shares was sorted out, and the three indexes fell by more than 1% during the session. Although Contemporary Amperex Technology Co.Limited(300750) rebounded after clarifying rumors, stocks such as China stock market news fell sharply, affecting the performance of the index. The gem index continued to hit a new low on February 14. In terms of sectors, the correction of Finance and real estate affected the overall performance, and covid-19 oral medicine stimulated the rise of the concepts of medicine, tourism and film and television. Industry insiders believe that the index is still in the pattern of shock bottoming in the short term, the growth target of overvalued value or has not "hit the bottom", the rebound power is limited, and the expected adjustment of undervalued value sector may bring trend upward opportunities.
the growth target of overvalued value has not yet "hit the bottom"
Over the weekend, Contemporary Amperex Technology Co.Limited(300750) issued an emergency statement to clarify a series of rumors about being eliminated from the gem weight index and talking with Tesla. It has reported the case to the public security organ and will investigate the legal responsibility of the rumor mongers according to law. The share price of Contemporary Amperex Technology Co.Limited(300750) which fell 17% last week finally stabilized. It opened low and rose nearly 4% on February 14, returning to the 500 yuan / share mark. As a result, the lithium battery industry chain turned red against the market trend, Youngy Co.Ltd(002192) once rose by the limit, Tianqi Lithium Corporation(002466) , Jiangxi Special Electric Motor Co.Ltd(002176) were relatively active.
Although the share price of Contemporary Amperex Technology Co.Limited(300750) stabilized, the gem index still closed down, as another heavyweight, China stock market news, fell more than 13% in volume, with a full day turnover of more than 15.6 billion yuan. Other brokerage stocks also adjusted one after another, Gf Securities Co.Ltd(000776) hit the limit, and China Greatwall Securities Co.Ltd(002939) , Huatai Securities Co.Ltd(601688) all fell by more than 5%.
As for the rebound of Contemporary Amperex Technology Co.Limited(300750) , Ma Wenyu believes that the new energy track stocks once soared after opening on February 14, but then reappeared the "fatigue" shock and fell back. Under the current environment of high uncertainty at home and abroad, the target of the relevant overvalued growth sector has not yet "hit the bottom", and the rebound power is limited. It is recommended to deal with it carefully.
the rise of the concepts of medicine, tourism and film and television
Stimulated by the news that Pfizer covid-19 oral drug was approved with conditions, covid-19 drug concept broke out, Porton Pharma Solutions Ltd(300363) , Chengda pharmaceutical, Xinxiang Tuoxin Pharmaceutical Co.Ltd(301089) , Aba Chemicals Corporation(300261) , Zhejiang Jianfeng Group Co.Ltd(600668) , Jinghua Pharmaceutical Group Co.Ltd(002349) limit rose, Shanghai Junshi Biosciences Co.Ltd(688180) , Hybio Pharmaceutical Co.Ltd(300199) rose by more than 10%. The concepts of tourism and film and television have also risen, Guangzhou Jinyi Media Corporation(002905) , Omnijoi Media Corporation(300528) , Zhewen Pictures Group Co.Ltd(601599) , Zhejiang Sunriver Culture Co.Ltd(600576) , Tvzone Media Co.Ltd(603721) limit. Travel stocks such as Huatian Hotel Group Co.Ltd(000428) , Caissa Tosun Development Co.Ltd(000796) , Xi'An Qujiang Cultural Tourism Co.Ltd(600706) , Tibet Tourism Co.Ltd(600749) , Guangzhou Lingnan Group Holdings Company Limited(000524) rose by the limit.
\u3000\u3000 "Entertainment concept sectors such as film and television, tourism and scenic spots, duty-free shops and so on performed strongly throughout the day, which verified what we previously stressed. With the gradual decline of the impact of the epidemic, the expected adjustment of relevant undervalued sectors is expected to bring opportunities for trend rise. At the same time, under the influence of the escalation of tensions between Russia and Ukraine over the weekend, the sectors such as national defense and military industry, gold and jewelry and so on rose the top on Monday, which we believe , geopolitical issues will still repeatedly affect the asset price adjustment in the capital market in the short term. Combined with the fact that the current military industry sector has stepped out of a certain margin of safety, it is suggested to continue to pay attention and make timely layout. " Ma Wenyu analyzed that.
China International Capital Corporation Limited(601995) also analyzed that under the background of positive progress of the epidemic, aviation airports, catering tourism, offline entertainment and other sectors may receive phased attention. The manufacturing growth sectors with a large increase last year, including new energy vehicles, new energy and technology hardware semiconductors, have been adjusted, but it may not be the time to fully intervene.
The market focus may continue to be "steady growth"
On February 14, building materials, Chinese prefix and banks in the direction of steady growth fell. The monetary policy report released by the central bank on Friday again mentioned that real estate and banks did not fry, and real estate and banks callback. "For the banking sector, the recovery of social finance data in January is good for the improvement of bank performance. After the recent decline in sentiment, on the whole, it is expected to continue to drive the rebound of Shanghai index." Yuezhifang, Yuanda investment consultant, said after hours analysis on February 14.
\u3000\u3000 "Judging from the adjustment of the index on Monday, it is preliminarily believed that entering the second bottom, this wave of retreat target is the low point in front, but the possibility of directly reaching a new low is still relatively small. The probability will rebound near the first low, and then determine the new low force in the back according to the rebound strength. Therefore, the index is still in the pattern of shock bottom in the short term. It is suggested to see more and move less and wait for opportunities. ”Yue Zhifang further analyzed and pointed out.
Ma Wenyu also believes that the post holiday repair of the current market is gradually approaching the pressure level. Although the easing of the macro environment is still expected to continue in the short term, the trend upward momentum is insufficient. It is still recommended to focus on undervalued blue chips with a high prosperity level.
China International Capital Corporation Limited(601995) believes that China's steady growth is still developing, and the market focus may continue to be in the related fields of "steady growth"; In addition, overseas markets are also reflecting the impact of global monetary tightening, restricting the performance of the global overvalued growth sector. China International Capital Corporation Limited(601995) it is judged that when China's growth expectation is gradually stable and the overseas market responds to monetary tightening to a certain extent, the market style may gradually meet the conditions for returning to the growth style. It is preliminarily estimated that the time point may be around the beginning of the second quarter, and the follow-up needs to be continuously updated according to the actual progress.
