brief description of disk
On Monday, A-Shares opened slightly lower, then rose and fell across the board. On the disk, tourism and hotels, precious metals, education, jewelry, medical services, household light industry, cultural media, chemical pharmaceuticals, pesticides and veterinary drugs, aerospace and other industries led the increase; Insurance, banking, securities, electric power, real estate, steel, shipping ports, coal, airports, software development, cement and building materials and other industries led the decline. In terms of subject stocks, covid-19 drugs, CRO, blind box economy, online tourism, tax rebate concept, film and television concept led the increase, while brokerage concept, civil explosion concept, low-carbon metallurgy, transgenic, rental and sale rights, REITs concept, data security, digital economy and other concepts led the decline.
message plane
the international oil price is approaching the 100 yuan mark, and China's oil price may meet the "four consecutive rises"
During China's Spring Festival holiday, international oil prices hit a new high since 2016 under many favorable conditions. They have been rising continuously in the past week and are moving towards the 100 yuan mark. Affected by this, at 24:00 on February 17, China's oil price probably increased, or ushered in "four consecutive rises".
foreign investors bought A-share undervalued insurance shares during the year
On February 11, the insurance sector (Shenwan secondary industry classification) rose again against the trend, rising 2.98% on the same day, becoming the focus of the market. In fact, as of February 11 this year, the insurance sector has quietly increased by 9.02%, ranking sixth among the major sectors of a shares. The total net purchase amount of Ping An Insurance (Group) Company Of China Ltd(601318) during the year reached 4.9 billion yuan, ranking first in A-share insurance stocks.
867 A-share IPO queue of enterprises
Wind statistics show that from February 7 to February 11, 25 IPO companies under review have updated their review progress, and the listing guidance and filing of 9 companies have been accepted. In the same period, the investment banking department of securities companies also opened the national business trip mode. Behind it is the strong direct financing demand of the real economy under the background of the steady progress of the registration system. According to the statistics of wind, excluding the application projects of termination of review and registration, 867 enterprises are lining up for IPO of a shares, and 2149 enterprises are in the state of IPO counseling.
Jufeng view
Medium term strategy:
Jufeng investment adviser believes that the liquidity at the macro level has been gradually improved, and the central bank has continuously cut reserve requirements and interest rates to release liquidity, indicating that the policy bottom has appeared; The medium-term market is expected to rise, but the construction of the market bottom is more complex and there is a time lag between the market bottom and the policy bottom. We should be more patient.
pre market judgment: the early review "A shares will still fluctuate and fall, and the three sectors are expected to strengthen" stressed that the three major indexes of U.S. stocks fell collectively overnight, and the concepts of marijuana, energy and tobacco strengthened significantly. It is expected that the relevant sectors of A shares will perform. However, at present, the market is still adjusting, and it is not suitable to take heavy positions before the gem index stops falling. In addition, today is "Valentine's Day". It is expected that there will be changes in consumer sectors such as jewelry, film and television media, tourism and hotels. It is not recommended to catch up.
In fact, the three major A-share indexes opened slightly lower, then rose and fell, and the gem index hit a new low in this round of adjustment. Opening tourist hotels and jewelry appeared at the top of the increase list. Near midday, the film and television cinema sector rose in batches, and A-Shares opened the "Valentine's Day" market. In early trading, Contemporary Amperex Technology Co.Limited(300750) , Porton Pharma Solutions Ltd(300363) , Luxshare Precision Industry Co.Ltd(002475) and other track stocks rebounded, once making the gem index rebound by nearly 1%. However, the Shanghai Composite Index underperformed due to the decline of financial and real estate sectors that supported the market on Friday.
In the afternoon, the stock index opened lower, and the cultural media, tourism hotels, aerospace and military industry, which rose strongly in the morning, fell, while the decline in insurance, securities, banking, electric power and other sectors deepened. The Shanghai index fell below its early low; The decline of China stock market news deepened, driving the gem to a new low. Judging from the trend of the whole day, the market will continue the sawing state one after another. In the short term, we should shift our attention from value stocks to growth stocks.
Investment suggestions:
Before the Spring Festival, A-Shares were corrected continuously, and the overvalued track stocks and growth stocks were significantly adjusted. The undervalued blue chips reflected a certain defensive nature. The make-up decline of blue chips in the last week before the festival was a signal of accelerating bottom building. After the Spring Festival, the market liquidity will improve, the spring offensive will be officially launched, and the initial stage will still be a structural market. After the market experienced the decline of growth stocks and the rebound of value stocks after new year's day, there is expected to be a short-term style switch. The gem index has entered a technical bear market and will rebound in the short term, which can grasp the short-term opportunities. It is recommended to allocate secondary new shares with high growth and oversold in the annual report.
