The three major A-share indexes maintained a shock consolidation trend throughout the day, and finally the Shanghai index closed up 0.57% to close at 3465.83 points; The Shenzhen Component Index rose 0.23% to close at 13376.36 points; The gem index rose 0.07% to close at 2818.40. The market turnover reached 807 billion yuan, most of the industry sectors closed up, and the infrastructure sector set off a rising tide. The decoration, cement building materials and chemical fertilizer industries led the rise, while the precious metal industry led the decline.
Today’s news:
1. National Standing Committee gift bag! Four measures to deliver benefits, these relief policies to expand the scope! Ensure the supply and price of bulk commodities
2. The trillion track welcomes major breakthroughs: the highest in the world! “Tesla killer” and “ningwang” also made a voice on Wall Street
3. National Bureau of Statistics: in January, CPI increased by 0.9% year-on-year and PPI increased by 9.1% year-on-year
4. Recently, institutions have focused on the four sectors, and overseas institutions have focused on these stocks
5. The national development and Reform Commission agreed that the four regions should start the construction of the national hub node of the national integrated computing network
6. Tesla 4680 battery will be loaded soon, and many companies promote the construction of production lines
For the future market trend, institutions have expressed their views.
Central China Securities Co.Ltd(601375) pointed out that the structural characteristics of the market are still significant. Although the track stocks rebounded, the trading volume of the two cities failed to be effectively enlarged. The stock game characteristics are obvious. Whether the gem index can detect the periodic low point still needs to be verified. It is expected that the Shanghai index is more likely to fluctuate slightly in the short term, and the GEM market is more likely to continue to rebound in the short term. Investors are advised to wait and see for a while in the short term and continue to pay attention to the investment opportunities of undervalued blue chips in the middle line.
Everbright Securities Company Limited(601788) believes that the previous make-up decline of heavyweights on the gem is more like the last vent of bears. After the panic, there will be a technical rebound, but it still needs to be noted that the market capacity has not returned to the previous state, and the medium and long-term upward logic remains unchanged. However, in the short term, the market will still face the trend of front row differentiation, so we need to pay attention to rhythm and other issues.
Shanxi Securities Co.Ltd(002500) mentioned that at present, the high-low switching in the rotation of the market sector is more frequent, the track growth stocks have staged counterattack, and the stable growth chain has a strong performance. On the whole, under the background of loose liquidity and the rise of a variety of uncertain risks overseas, we are still optimistic about the performance of value blue chips in the short term.
Guosheng Securities believes that since 2022, the landing effect of financial advance and infrastructure development has appeared. In January, the investment in major projects in 20 provinces and cities increased by 68% year-on-year, and the real estate regulatory policy has been further loosened. The credit derived blockage is gradually getting through. After the wide credit in the sense of total amount is confirmed, the monetary and credit environment will continue to improve in the first quarter. With the digestion of growth stock valuation, the improvement of credit conditions and the transmission of macro liquidity to the capital market, the short-term market is expected to usher in a resonant rebound. From the medium-term perspective, one thing to be reminded is that under the background of the slowdown of public offering + private placement and the reversal of the incremental market environment, it is not appropriate to use the experience of the past 2-3 years to understand the future market. It is suggested to increase the mining of low positions and relatively undervalued sectors. The rise of medium-term value is still on the way.
Shanxi Securities Co.Ltd(002500) said that at present, the rotation and style switching of the A-share market sector are more obvious, the overvalued growth sector has entered the adjustment stage, and the theme of “steady growth” boost, undervalued repair and digital economy have become new capital hotspots. At present, there is still room for the undervalued sector with high prosperity, so it is suggested to focus on it. First of all, under the background of great uncertainty overseas and the great downward pressure on China’s economy as a whole, the allocation cost performance of some overvalued growth track stocks is still low, which is easy to “resonate” in the process of overseas asset price revaluation, generate large selling pressure in the short term, and then fluctuate greatly. Secondly, the “steady growth” this time puts more emphasis on structural adjustment, and the upward space of traditional cycle industries is relatively limited. Finally, on the whole, the undervalued sector is more likely to usher in rising opportunities in the market style adjustment. It is suggested to focus on the sectors with “expected repair” potential, the sectors with defensive nature through the cycle and the sectors that are expected to have trend opportunities under the boost of the high boom.
Zhongtai Securities Co.Ltd(600918) said that on the whole, under the environment that the global financial market gradually adapts to the hawkish shift of the Federal Reserve, the steady growth policies such as China’s RRR reduction continue to work, and social finance and other indicators are expected to stabilize, the market is expected to go further in spring. The comprehensive registration system and steady growth are good for undervalued blue chips, while the “hawks” of the Federal Reserve may put pressure on the growth sector, and the strength and non record low of undervalued blue chips such as SSE 50 during the adjustment in January. The spring market is still dominated by undervalued blue chips. In terms of specific configuration, undervalued blue chips still adhere to three main lines: 1) securities companies; 2) Central enterprises with high dividends related to national reform, especially the development direction of central finance such as railway and electric power; 3) Green electricity. At the same time, some drugs related to the epidemic, such as ventilator and vaccine, have also entered the allocation range.
