Today, the market rebounded from shock, and the gem index rose by more than 3%. On the sector, the oversold track stocks rebounded today, the cro sector was strong all day, while the recent high-level theme stocks continued to adjust, and the recently active tourism sector led the decline today.
sector
Today’s oversold track stocks ushered in a rebound, while the recent high-level theme stocks continued to adjust, and the recently active tourism sector led the decline sharply today.
Yesterday, some of the early oversold stocks began to rebound, and the overshooting effect of money making began to spread to the overgrowth growth track, including the development of diamonds, CRO, Baijiu, semiconductors, new energy and military industries.
Among them, the cro concept led the rise of the two cities, Wuxi Apptec Co.Ltd(603259) rose by the limit, Chengda pharmaceutical rose by 20% again, Joinn Laboratories (China) Co.Ltd(603127) , Asymchem Laboratories (Tianjin) Co.Ltd(002821) rose by the limit successively. The logic of the short-term outbreak of the cro concept or the approval of Pfizer oral drugs to enter China, the best direction of this news includes the cdmo track.
In fact, the relevant sections of Hithink Royalflush Information Network Co.Ltd(300033) (code 885927) are called cro concept, but accurately speaking, this industry should be collectively referred to as CXO track. CXO track can be subdivided into multiple branches according to different outsourcing links, mainly including cro, cdmo, etc.
Everbright Securities Company Limited(601788) said that China’s cdmo company has deeply participated in paxlovid’s global supply chain with the improvement of competitiveness, and is expected to further benefit as paxlovid is approved in more countries around the world; Zheshang Securities Co.Ltd(601878) pointed out that it is optimistic about the possibility of undertaking more cdmo orders for other overseas innovative drug projects after the local cdmo supply capacity is recognized by overseas major customers, and the possibility that the performance of the local cdmo supply chain continues to exceed expectations under the continuous and ineffective control of the epidemic.
When the growth track ushered in a rebound, there was a differentiation trend in the “valuation repair” sectors such as infrastructure, real estate, banking and tourism, as well as the digital currency sector. How to understand this? When the “valuation repair” sector and the digital currency sector rise, the growth track has been adjusted. Then when the growth track oversold and rebounded, the previous rising sector may have the expectation of covering the decline, so that a cycle is finally completed.
In short, this week began a high-low rotation market, that is, oversold popular stocks and oversold track sectors began to rebound. But it is worth noting that without the cooperation of the index, the rebound time and rebound height of the oversold market may have to reduce expectations. Haitong Securities Company Limited(600837) said that historically, in the “steady growth” spring market, A-Shares tend to value first and then grow. For example, undervalued financial, real estate, infrastructure and other sectors will rise first and grow later.
individual shares
In the case of yesterday’s atypical ebb tide, yesterday’s broken board Hengbao Co.Ltd(002104) , Poly Union Chemical Holding Group Co.Ltd(002037) was repaired as scheduled this morning, and Hengbao Co.Ltd(002104) once rushed near the daily limit. Near the closing, the two stocks pulled back with the help of the index atmosphere. On the whole, the repair efforts are general. It is not ruled out that there is a catch-up expectation tomorrow. Of course, if we continue to repair tomorrow, it is possible to even increase the limit. Only the high-level emotional leading stocks can be allowed to not connect the board, go out of the next day anti package form of “n board + n board”, or adjust a platform to break through the anti package, but adjust the anti package for two trading days. In this case, it may be difficult to continue to expand a large space.
In addition, this morning Zhejiang Construction Investment Group Co.Ltd(002761) is the first stock that has been changing hands to advance to the seventh Board recently. Stimulated by the “press conference of the national development and Reform Commission on the promotion of Zhejiang common prosperity demonstration zone will be held tomorrow”, it also led to the rise of a number of Zhejiang stocks, but in the afternoon, the stock exploded in large quantities, which was lower than expected, This suggests that short-term risk appetite may continue to decrease.
future analysis
In terms of index, as of the close, the Shanghai index rose 0.5%, the Shenzhen Composite Index rose 1.69% and the gem index rose 3.09%. Northbound funds sold a net 3.544 billion yuan throughout the day, including 1.092 billion yuan for Shanghai Stock connect and 2.453 billion yuan for Shenzhen Stock connect. The turnover of Shanghai and Shenzhen stock markets today was 827.5 billion, a decrease of 35 billion compared with the previous trading day.
Today, the gem index rose by more than 3%, which was significantly stronger than the Shanghai index. In fact, the decline of gem index yesterday has begun to be smaller than that of Shanghai index. As soon as the small index changes its weakness in the past and is stronger than the large index for two consecutive days, this phenomenon generally has two observation points: 1) if the gem index dominates a wave of rebound market, it is found that in the past two years, the gem index is expected to be stronger than the Shanghai index for at least five consecutive days; 2) If the gem index is only an oversold rebound, in the case of poor rebound sustainability, the subsequent index strength may soon cut back to the Shanghai index.
In terms of sentiment, it rose 2381, an increase of 202 over the previous trading day. Excluding ST shares and unopened new shares, the daily limit was 56, 28 less than the previous trading day; 31 fried boards, an increase of 3 over the previous trading day; Gem / Kechuang board stocks rose by 3, down 3 from the previous trading day; There were 13 drop limits, an increase of 5 over the previous trading day.
Today’s index is strong but sentiment is weak. The strong index is mainly due to the collective rise of heavyweights, Wuxi Apptec Co.Ltd(603259) limit, and the collective rise of heavyweights on GEM such as Contemporary Amperex Technology Co.Limited(300750) , Shenzhen Mindray Bio-Medical Electronics Co.Ltd(300760) , Aier Eye Hospital Group Co.Ltd(300015) ; The weak sentiment is mainly due to the reduced risk appetite of short-term funds. Recently, high-level theme stocks continue to adjust, and the tourism sector leads the decline sharply. In addition, many stocks fell by the limit, and the market height board was reduced to 4 boards.
market highlights
1. The main iron ore contract of China commodity futures closed at the limit of
On February 15, China’s commodity futures closed, led by the black series. The main iron ore contracts fell by the limit. Zheng coal fell by more than 6%, pigs and threads fell by more than 2%, Zheng cotton and ferrosilicon fell by more than 1%, and rapeseed meal and pulp fell slightly; Apple and Hujin rose by more than 1%, while soybean oil and Zheng alcohol rose slightly.
2. The three ministries and commissions jointly reminded and warned some iron ore trading enterprises not to maliciously hype, hoard and bid up prices
On February 15, in view of the recent abnormal fluctuations in iron ore prices, the price supervision and Competition Bureau of the State Administration of market supervision, the price department of the national development and Reform Commission and the futures Department of the CSRC jointly held a meeting to learn more about the changes in port inventory of iron ore trading enterprises and their participation in iron ore futures and spot trading, and remind and warn relevant enterprises not to fabricate and release false price information, Do not maliciously hype, hoard and bid up prices, call on relevant state-owned enterprises to take the initiative to bear social responsibility and help the government to ensure supply and stabilize prices. Relevant departments pay close attention to the changes in iron ore prices and will further take effective measures to effectively maintain the normal order of the market. In the next step, the State Administration of market supervision will pay close attention to the changes of market prices and severely crack down on illegal acts such as fabricating and disseminating price increase information, hoarding and buying up prices.
